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Natural Gas

Exxon Mobil to buy InterOil for $2.5 billion

Exxon Mobil

DALLAS (AP) — Exxon Mobil Corp. emerged Thursday as the winning bidder for InterOil Corp., which has natural gas holdings in Papua New Guinea. Exxon said it will pay $2.5 billion for InterOil in a deal that will complement its large liquefied natural gas facility in the country. Exxon hopes to capitalize on growing demand for cleaner fuels in Asia. ...

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Feds order Spectra to conduct tests on pipelines after blast

Spectra Energy pipeline explosion

GREENSBURG, Pa (AP) — A federal agency has ordered a natural gas pipeline company to conduct additional assessments on three lines buried in western Pennsylvania, including one that has corrosion similar to a fourth line that blew up in April, scorching some 40 acres. The Pipeline & Hazardous Materials Safety Administration says the other lines in Salem Township, Westmoreland County ...

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New Mexico Gas Co. plans natural gas pipeline to Mexico

New Mexico Gas, pipeline

ALBUQUERQUE, N.M. (AP) — New Mexico Gas Co. says it’ll seek a federal permit to begin building a natural gas pipeline from southern New Mexico to Mexico. Company spokesman Teala Kail says the $5 million project would extend the company’s existing pipeline in Santa Teresa about five miles to the U.S.-Mexico border and enlarge the pipeline. The Albuquerque Journal (http://goo.gl/CTuQez ...

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Turkmenistan abolishes agencies managing key gas industry

natural gas drilling rig

ASHGABAT, Turkmenistan (AP) — Turkmenistan, which holds the world’s fourth-largest natural gas reserves that are the base of its economy, has abolished two of the primary government agencies responsible for the sector. The government newspaper Neutral Turkmenistan on Saturday said President Gurbanguly Berdymukhamedov had ordered the disbanding of the Ministry of Oil and Gas and the State Agency For Managing ...

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US rig count up 7 this week to 447

oil rig, rig count,

HOUSTON (AP) — The number of rigs exploring for oil and natural gas in the U.S. increased by seven this week to 447. A year ago, 857 rigs were active. Depressed energy prices have sharply curtailed oil and gas exploration. Houston oilfield services company Baker Hughes Inc. said Friday that 357 rigs sought oil and 89 explored for natural gas ...

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Where’s the value in contractor vetting?

contractor safety

ISNetworld, BROWZ, First Verify, PICS, and other third party vetting providers serve to ensure that your health and safety programs and practices meet client requirements.  To put it another way, if you want a client’s business, you’d better have what the client is looking for.  The formal vetting of contractors to pre-qualify them for work has been around for a ...

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US rig count up 9 last week to 440

rig count, Baker Hughes

HOUSTON (AP) — The number of rigs exploring for oil and natural gas in the U.S. increased by nine last week to 440. A year ago, 863 rigs were active. Depressed energy prices have sharply curtailed oil and gas exploration. Houston oilfield services company Baker Hughes Inc. said Friday that 351 rigs sought oil and 88 explored for natural gas last week. ...

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