Natural Gas – Page 269 – Oil & Gas 360

Range Resources Continues to Set New Company Production Records; 20% to 25% Line-of-Sight Production Growth Remains Intact

March 3, 2014

Range Resources Corporation (ticker: RRC) is a leading independent oil and natural gas producer with operations focused in Appalachia and the southwest region of the United States. The Company pursues an organic growth strategy targeting high return, low-cost projects within its large inventory of low risk, development drilling opportunities. On February 25, 2014, Range Resources announced double-digit share growth for

Magellan Petroleum Centralizes Assets, Sells Australian Onshore Plays for $35 Million

February 18, 2014

Magellan Petroleum Corporation (ticker: MPET) is an independent oil and gas exploration and production company with assets in the United States, Australia, and the United Kingdom. The development of a CO2-enhanced oil recovery program at its Poplar Dome assets in eastern Montana is its primary focus. Magellan’s U.K. properties are onshore and include the Weald and Wessex Basins prospective for unconventional

The Price(s) of Operating in the Oil & Gas Business

January 28, 2014

Commodity prices are influenced by several factors, including short-term catalysts and long term stimulus. Supply and demand often dictates short term prices, while factors such as future demand expectations and production decisions by the Organization of the Petroleum Exporting Countries (OPEC) can affect prices over the longer term. Supply and demand in the world oil markets are balanced through responses

Magellan Petroleum Aims to Capitalize on Australia’s Growing Natural Gas Market

January 27, 2014

Magellan Petroleum Corporation (ticker: MPET) is an independent oil and gas exploration and production company with assets in the United States, Australia, and the United Kingdom. The development of a CO2-enhanced oil recovery program at its Poplar Dome assets in eastern Montana is its primary focus. In Australia, Magellan operates two onshore gas fields in the Amadeus Basin in the Northern

Natural Gas – Where We’ve Been and Where We’re Going

January 17, 2014

Natural gas has come a long way since the Chinese first transported it in 500 B.C. through bamboo shoots to boil sea water, and make drinkable. Nowadays, natural gas is the world’s fastest growing fossil fuel, with global consumption expected to jump from 113.0 trillion cubic feet (Tcf) in 2010 to 185.0 Tcf in 2040. The United States, already believed

Petrobras Announces Production Sharing Contract with Four Companies, Prepares to Develop Libra Basin

October 23, 2013

Petróleo Brasileiro S.A., or Petrobras (ticker: PBR), is the state-run oil company of Brazil and has operations in 24 countries across five continents. It is the largest producer in South America and participates in E&P, refining, trade, transportation, petrochemicals, oil distribution, electricity, biofuels, and sources of renewable energy. PBR celebrated its 60th anniversary on October 3, 2013. On October 21,

The Blue Flame is Creating a Blue Ocean for Rail Transport: Liquefied Natural Gas Making its Mark in the Railroad Industry

October 11, 2013

The impact of natural gas is making its mark on the transportation industry. OAG360 covered a recent $68 million investment by the United Parcel Service (ticker: UPS) for its liquefied natural gas (LNG) vehicles in 2013. Now, the railroad industry is embracing the idea. On March 6, 2013, BNSF, one of North America’s leading freight transportation companies, announced it will

McClendon’s American Energy Enters Utica Shale with $1.7 Billion in Financing

October 9, 2013

American Energy Partners, LP was founded by Aubrey K. McClendon in April 2013. The Oklahoma City-based company aims to capitalize on opportunities available in unconventional resource plays onshore in the United States. McClendon co-founded Chesapeake Energy (ticker: CHK) in 1983 and served as its CEO until April 2013. On October 9, 2013, American Energy – Utica, LLC (AEU), an affiliate

UPS Invests $68 Million for its LNG-Fueled Fleet

October 9, 2013

United Parcel Service Inc. (ticker: UPS) is the world’s largest package delivery company and a leading global provider of specialized transportation and logistics services. The company has invested in the emergence of liquefied natural gas (LNG) for its vehicles, and began adding LNG tractors to its fleet in 2002. UPS currently has more than 1,000 such tractors in service, and

Japan and India Create LNG Buyer’s Group in Hopes of Luring Additional Imports

September 10, 2013

The governments of Japan and India announced on September 9, 2013, a joint buyer’s group agreement to increase the importation of liquefied natural gas (LNG) in an attempt to offset their rising energy prices. According to Mari Iwata’s report in The Wall Street Journal, the countries plan to ask fellow importers, such as South Korea and Singapore, to join the

Bleak Unemployment Numbers Worry Economists

September 9, 2013

The Federal Reserve (Fed) announced the addition of 169,000 jobs in its August 2013 report, and said the 7.3% unemployment rate is the lowest in five years. More than 300,000 jobs were added since June 2013. Average hourly earnings rose to $24.05, a $0.05 increase, and the average work week ticked up to 34.5 hours from 34.4, implying companies are

Nuclear Is NOT a Future Power Technology Solution

August 29, 2013

Entergy Corporation (NYSE: ETR) announced plans on August 27, 2013, to close and decommission its Vermont Yankee Nuclear Power Station in Vernon, Vermont. The station is expected to cease power production after its current fuel cycle and move to safe shutdown in the fourth quarter of 2014. The station will remain under the oversight of the Nuclear Regulatory Commission throughout

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