Heavyweights BP, ConocoPhillips, ExxonMobil and TransCanada are backing a proposal to export natural gas from Alaska that is likely to add pressure to other projects in the area.
Articles Tagged "alaska"
The Wall Street Journal reported that ExxonMobil Corp. (NYSE:XOM), ConocoPhillips (NYSE:COP), BP plc (LSE:BP) and TransCanada Corp. (TSX:TRP) have agreed to merge two competing natural gas pipeline projects into a single pipeline that will export natural gas from Alaska's North Slope to Asia.
Forbes reported that Alaska has given ConocoPhillips (NYSE:COP), ExxonMobil Corp. (NYSE:XOM) and BP plc (LSE:BP) until the end of October to develop a plan to transport natural gas from the state's North Slope to a port where it will be condensed into liquefied natural gas and exported to Asian markets.
USA Today reported that Royal Dutch Shell plc (LSE:RDSA) began preliminary work on an exploratory oil and gas well in the Chukchi Sea off the coast of Alaska at 4:30 a.m. on September 10. Drilling has not taken place at this location for over 20 years.
Alaska lawmakers worried about sinking prices for natural gas were told to take the long view when considering the economics of a pipeline tapping North Slope gas reserves. For full story, click here
By Duncan Sutherland – Exclusive to Gas Investing News Market News: It seems as if natural gas futures have hit a band of support in the $7.25-$7.50 range, which is good news for investors as winter approaches. Structural factors suggest that natural gas will become dearer in winter, especially if the current low prices have [...]
By Duncan Sutherland – Exclusive to Gas Investing News The tropical storm Edouard made landfall near Galveston Tuesday, with wind speeds approaching hurricane status. Prompted by fears of the storm, oil and gas companies in the Gulf evacuated 23 platforms, or “3.2% of the 717 manned platforms” in the region accounting for 7.21% of natural [...]
TransCanada chief executive officer Hal Kvisle was quoted as saying: TransCanada Corp. has won support from Alaska to build a $26-billion natural gas pipeline, but ground won’t be broken until Exxon Mobil Corp. signs on. Click here for full news