Royal Dutch Shell announced Thursday that it's dropping its plans for building a gas-to-liquids plant on the Gulf Coast, narrowing the competition for capital funds available for a proposed ethane cracker in Beaver County.
The company said the cost to build the gas-to-liquids facility was estimated above $20 billion and the difference between the relatively low cost of natural gas and the higher price of liquid fuels wasn't expected to last long enough to make the plant economic.
The $720 million deal that will end EQT Corp.'s legacy as a utility company and transfer its gas distribution business to Peoples Natural Gas is a go.
The Federal Energy Regulatory Commission approved the transfer of assets in three actions this week, completing the companies' approval process. The Pennsylvania Public Utility Commission and West Virginia regulators gave their consent earlier this year.
On Feb. 9, the temperature in Boston dipped 15 degrees below freezing. Much of New England was under the white embrace of a brutal nor'easter, and electric utilities and gas companies struggled to keep their power lines pumping heat and light.
The utilities fought each other for natural gas, which supplies more than 50 percent of electric plants in that area. And while widespread blackouts were avoided, in the end, the prices of both electricity and heat quadrupled when they were most needed.
Marcellus Shale producers may bemoan the low price of natural gas, but production marches forward.
In the first half of this year, companies broke another record and produced 1.4 trillion cubic feet of gas, according to new data released by the Pennsylvania Department of Environmental Protection on Friday.
That's double what was reported during the same time last year, and more than three times the bounty of 2011's first six months.
Range Resources' new fleet of trucks, pictured above, runs on compressed natural gas. The Texas-based energy company drills for natural gas across southwestern Pennsylvania.
Range Resources Corp. on Tuesday unveiled its new company fleet of trucks that run on compressed natural gas.
The Texas-based oil and gas operator, whose regional headquarters is in Southpointe, said it has about 184 CNG vehicles. Of those, about 100 are in southwestern Pennsylvania. The fleet is a mix of Ram 2500 and Chevrolet Silverado 2500 pick-ups, which were factory-engineered as CNG vehicles.
FirstEnergy Corp. told investors Tuesday that it will continue to cut costs, including eliminating 250 positions, cutting employee medical and other benefits, and changing pension funding.
That's on top of the 380 job cuts already announced as the Akron, Ohio-based company shutters its Hatfield's Ferry and Mitchell coal power plants. The shutdowns in Masontown, Greene County, and in Courtney, Washington County, are expected to come in October.
In another bizarre twist in a case that has attracted international attention, a Range Resources attorney now says that the lifetime gag order preventing the Hallowiches from saying anything ever about Marcellus Shale gas drilling or companies involved in its development, doesn't apply to their two small children.
The case, which has become a public relations problem for the Marcellus Shale gas development companies involved, was initiated by Stephanie and Chris Hallowich, who claimed that multiple shale gas wells, compressor stations and a water impoundment surrounding their 10-acre farm in Mount Pleasant, Washington County, had sickened their family and damaged the value of their property.