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The U.S. Coast Guard (USCG) was responding Wednesday afternoon to a report of oil in Breton Sound near Venice, LA. The spill was said to be several miles long, but it was not known if it was oil.
The Natural Gas Supply Association (NGSA) expects a relatively stable market this winter, thanks to forecasts of slightly warmer-than-normal temperatures, a flat economy and moderate growth in both natural gas demand and supply.
While TransCanada Pipe Lines continues its push to revive its original route for the Alaska gas pipeline, another Canadian pipeline giant, Enbridge Inc., which made its mark in oil pipelines and now is moving into natural gas, is pressing the Canadian government to open up the field for competition.
Vancouver, BC-based Westport Innovations Inc. has struck a deal with Ford Motor Co. to provide natural gas-powered engine technologies for some of the U.S. automaker's pickup truck models, starting in the first half of 2012.
ConocoPhillips is on track for a "new era of development" in the United States, fueled by a growing list of discoveries in the deepwater Gulf of Mexico (GOM) and a solid portfolio in some onshore unconventional plays, the exploration and production (E&P) chief said Thursday.