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May 22, 2015

U.S. oil drillers add rigs in Niobrara and Eagle Ford -Baker Hughes

May 22 (Reuters) – Oil drillers added rigs in two U.S. shale
basins this week, data showed on Friday, the strongest sign yet
that higher crude prices are coaxing producers back to the well
pad after a slump in activity of nearly six months.

Overall, U.S. drillers reduced the number of active rigs by
just one this week, oil services company Baker Hughes Inc
said. It was the 24th straight weekly decline, bringing
the total down to 659, the lowest since August 2010.

May 10, 2015

Transformer fire causes shut-down of nuclear reactor north of New York City

NEW YORK/WASHINGTON (Reuters) – A nuclear power reactor 40 miles (65 km) north of New York City was shut down on Saturday after a transformer fire, but officials said the Indian Point plant was stable and there was no threat to residents nearby.

People in the area reported an explosion and smoke coming from the plant at Buchanan in New York state. But the U.S. Nuclear Regulatory Commission said the fire had been quickly extinguished.

May 10, 2015

Transformer fire causes shut-down of nuclear plant unit north of New York City

NEW YORK/WASHINGTON, May 9 (Reuters) – A nuclear power
reactor 40 miles to the north of New York City was shut down on
Saturday after a transformer fire, but officials said the plant
was stable and there was no threat to area residents.

People in the area reported an explosion and smoke coming
from the plant at Buchanan in New York state. But the U.S.
Nuclear Regulatory Commission said that the fire had been
quickly extinguished.

Apr 16, 2015

FERC approves rules to improve gas-electricity coordination

By Scott DiSavino

(Reuters) – The U.S. Federal Energy Regulatory Commission
(FERC) on Thursday approved rules to improve coordination of
wholesale natural gas and electricity market scheduling as gas
is increasingly used for electric generation.

After more than three years of evaluation, FERC said in a
release its final rule will help ensure the reliable and
efficient operation of both the interstate gas pipeline and
electricity systems.

Mar 17, 2015

Are the good times over for growth in U.S. shale gas?

By Scott DiSavino

(Reuters) – U.S. natural gas production could decline in 2016 for the first time in 10 years, driven by low oil prices after a decade of gangbusters growth from shale plays.

While most analysts forecast gas production will continue growing year-over-year, albeit at a slower pace, a couple of outlier analysts believe low oil and gas prices will prompt drillers to cut spending enough to reduce gas production next year.

Mar 1, 2015

As New England freezes, natural gas stays cheap

NEW YORK, March 1 (Reuters) – What a difference a year
makes.

Twelve months ago, tumultuous weather in the U.S. Northeast
caused record natural gas price spikes and forced some power
plants to shut for lack of fuel as power producers scrambled to
outbid each other for scarce supplies.

This February, the region has shivered through the coldest
weather in 81 years, yet gas prices are a fifth lower than a
year ago after power generators, learning lessons from last
winter, stocked up on extra oil and gas from domestic and
overseas sources before the weather turned cold.

Feb 10, 2015

U.S. power plants burn record amount of natgas in January

Feb 10 (Reuters) – Electricity companies in the lower 48
U.S. states gobbled up record amounts of natural gas to generate
power in January 2015 as low prices made it cheaper to burn than
coal.

Power generators used an average 23.1 billion cubic feet per
day of gas in January 2015, up 13 percent from 20.5 bcfd in
January 2014, according to Thomson Reuters Analytics.

Feb 10, 2015

U.S. burns record natgas to generate power in January

Feb 10 (Reuters) – U.S. electric companies in the lower 48
states gobbled up record amounts of natural gas to generate
power in January 2015 as low prices made it more economic to
burn gas instead of coal.

Power generators used an average 23.1 billion cubic feet per
day of gas in January 2015, up 13 percent from the 20.5 bcfd
average in January 2014, according to Thomson Reuters Analytics.

Dec 23, 2014

Vantage Energy fined nearly $1 mln for environmental violations

By Scott DiSavino and Anupam Chatterjee

(Reuters) – Pennsylvania’s Department of Environmental
Protection(DEP) on Monday said it imposed a $999,900 fine on
U.S. oil and natural gas company Vantage Energy Inc, one
of the largest given to a driller by DEP this year, for several
environmental regulations violations.

The company is indicted with charges of violating waste
disposal regulations, which has impacted streams, wetlands,
soils, surface water and groundwater around the company’s Porter
Street shale oil well pad in Franklin Township, Greene County,
Pennsylvania, the DEP said in a statement.

Nov 7, 2014

Unusual cold front menaces Midwest, fueling natural gas spike

NEW YORK (Reuters) – A cold front more common in mid-winter that is being whipped up by the polar vortex is descending rapidly on the U.S. Midwest, fueling a 25 percent rally in natural gas prices over just eight days and pushing up a seasonal shift in the storage cycle.

Until a week ago, weather forecasters were calling for warmer-than-normal temperatures through mid-November, meaning utilities were continuing to inject gas into storage for several more weeks. But the outlook has shifted dramatically in just a few days, catching traders off guard, as the vortex, a mass of whirling frigid air, is set to take hold.

    • About Scott

      "I cover the North American power and natural gas markets from New York since 2000. Before that I worked on the Equities desk covering energy, mining and heavy industry companies."
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