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Policy & Regulation

Air emissions are new flash point in fracking debate

Popular protests against hydraulic fracturing (‘fracking’) have so far focused on its impact on drinking water and earthquakes, but the United States Environmental Protection Agency (EPA) is about to regulate a less-publicised problem: air emissions.

16 April 2012
Supply & Demand

Healthy outlook for United States sees debate shift to fuel-switching

The United States is enjoying historically healthy energy security, said panellists at the Centre for Strategic and International Studies’ Global Security Forum in Washington, DC on Wednesday. Even as domestic oil production is supplying a greater share of US demand for petroleum products, a glut of cheap gas could lead to its expanded use in tra

13 April 2012
Companies & Finance

Chesapeake to raise $2.6 billion from monetisation deals

Chesapeake is raising $2.6 billion from three monetisation deals.

13 April 2012
Supply & Demand

US EIA reduces 2012 Henry Hub spot gas price forecasts

The US Energy Information Administration has reduced its 2012 Henry Hub spot gas price expectations by 21% from last month’s forecast, to $2.51/MMBtu, $1.49/MMBtu below the average price for 2011.

13 April 2012
Companies & Finance

Marathon Oil to sell bulk of Alaska assets

US independent Marathon Oil has agreed to sell the bulk of its Alaska assets to privately held Hillcorp for an undisclosed sum.

13 April 2012
Exploration & Production

BC LNG Export Cooperative granted 20-year export licence

The Canadian federal government has granted the BC LNG Export Cooperative a 20-year export licence for its proposed LNG plant on the Douglas Channel in Kitimat, British Columbia, which would ship up to 1.8 mtpa to Asia.

13 April 2012
Companies & Finance

Chesapeake and Encana build drilling war chests with asset sales

Independents Encana and Chesapeake announced asset sales on 9 April with a combined value of almost $3 billion, revealing that the North American mergers and acquisition (M&A) market remains in rude health.

11 April 2012
Supply & Demand

US gas in storage reaches all-time high for March

United States working gas in storage reached an all-time high for the month of March, at 70.2 billion cubic metres in the week ending 30 March, according to the US Energy Information Administration (EIA).

10 April 2012
Companies & Finance

Penn Virginia acquires Chief Gathering

Penn Virginia Resource Partners announced on Monday that it has acquired pipeline company Chief Gathering, which has assets in the Marcellus shale formation, for $1 billion.

10 April 2012
Companies & Finance

Chesapeake raises $2.6 billion

Chesapeake is raising $2.6 billion from three deals. The company sold preferred shares in a new subsidiary with 245,000 acres (991 square km) in the Cleveland and Tonkawa liquids-rich tight sands, and a 3.75% overriding royalty interest in the first 1,000 net wells drilled in the plays, to a Blackstone-led investment group for $1.25 billion.

10 April 2012
Pipelines, Storage & Power

MacKenzie pipeline partners pull funding

Partners in the proposed MacKenzie gas pipeline have cut funding for the project as regulatory delays and a shift in North American gas market fundamentals have undermined its viability.

10 April 2012
Supply & Demand

Increased NGL production weakens liquids-crude price link

The price ratio of NGLs to crude oil continues to fall as ethane and propane supply growth outpaces demand, analysts have told Interfax.

5 April 2012
Policy & Regulation

Proposed regulations could hit US gas output

Proposed regulations could hit the gas industry’s ability to hedge and undermine capital spending.

4 April 2012
Companies & Finance

BP sells Canadian business to Plains Midstream

BP said on Monday that it had closed the sale of its Canadian natural gas liquids business to Plains Midstream Canada, a subsidiary of Plains All American Pipeline.

3 April 2012
Exploration & Production

Consolidation to pick up in 2012 - IHS Herold

Unconventional oil and gas mergers and acquisitions (M&A) accounted for almost half of the total value of global M&A deals in 2011, consultancy IHS Herold said on Monday, adding that it expected increased industry consolidation this year.

3 April 2012
Companies & Finance

Petronas targets huge Canadian acquisition

Malaysian state-owned company Petronas is studying a Canadian acquisition exceeding $5 billion, part of its drive to supply Asia with gas. “This is going to be big,” Chief Executive Shamsul Azhar Abbas was quoted as saying by Bloomberg. “There are quite a few candidates out there, who are willing to talk,” he added, saying a deal may be ann

2 April 2012
Policy & Regulation

Independents to bear brunt of US tax break eliminations

United States President Barack Obama's campaign to eliminate tax breaks for ’Big Oil‘ would also eliminate tax advantages held by smaller gas producers, the nonpartisan Congressional Research Service has said.

2 April 2012
Exploration & Production

Alaska makes major strides towards North Slope gas development

The state of Alaska and Point Thomson leaseholders ExxonMobil, ConocoPhillips, BP, and Chevron have reached a settlement that brings development of the 226.53 billion cubic metre Point Thomson field one step closer.

2 April 2012
LNG

Politics threaten competitive edge of US LNG exports

The politics surrounding United States LNG exports may see the country losing its competitive edge to supply Pacific markets.

30 March 2012
Global Markets

Coffee and correlation

Natural gas prices no longer have any relationship with the commodities market, but it won’t have changed the way it’s traded.

30 March 2012

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