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Kirsten Korosec has been a print and online journalist for more than 10 years covering education, politics and business.- more about Kirsten Korosec »
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- Exxon-XTO Deal a Bet On Natural Gas as Go-To Global Power Source
- ExxonMobil's acquisition of XTO Energy, an independent oil and gas producer and major player in unconventional gas, is not only a ringing endorsement for demand in natural gas. It's a bet that the world, especially developing nations, will turn to natural gas to meet its power generation needs. Meaning, as...
- Blog posts 2009-12-14
- Chesapeake Energy: Industry Can Cope, Not Grow with $4 Nat Gas
- Natural gas prices, still sitting below $4 per million British thermal units, have produced an interesting combination of cautious hope for the future and we-can-cope-with-this-for now attitude.  As BNET noted in a post earlier this week, Chesapeake Energy CEO Aubrey McClendon told analysts on its August earnings...
- Blog posts 2009-09-24
- Week in Oil & Gas: Discovery Hot Spots, Nat Gas' $80M Advocacy Campaign and One Big LNG Project
- It wouldn't be a worthwhile week in the oil and gas industry without a few discoveries. And my, there were some goodies. The hot spots this week were in the ultra deep waters offshore Brazil, Sierra Leone, Venezuela and Uganda. And Spanish energy company Repsol YPF found...
- Blog posts 2009-09-18
- Repsol 'Totally Redeems' Itself With 15th Discovery This Year
- Remember that winter of discontent when Repsol YPF downgraded its proved reserves by 25 percent? The Spanish company's recent spate of oil and natural gas discoveries have helped erase those bad memories. If Repsol manages to keep this up, we might just forget about its Argentina problem too. The...
- Blog posts 2009-09-17
- EnCana Split Good News for Credit-Strapped Businesses
- The resurrection of EnCana's plan to split into two independent energy companies offers some heartening fodder for credit-strapped businesses. It also provides a positive outlook -- at least from the company's head honchos -- on natural gas prices. EnCana announced last year intentions to divide the company into...
- Blog posts 2009-09-14
- Week in Oil & Gas: Boxer-Kerry Bill, EPA Emissions Rules, and China's Oil Grab Efforts
- Greenhouse gas emissions dominated headlines throughout the week with the introduction of legislation that seeks to reduce greenhouse gas emissions and another government agency jumping into propose its own rules for industrial facilities. The Senate -- via co-sponsors Barbara Boxer, D- Calif., and John Kerry, D-Mass. -- introduced its...
- Blog posts 2009-10-04
- Battling the Bulge: Natural Gas Stockpiles Hit Record Numbers as Recession Saps Industrial Demand
- Natural gas inventories -- the weekly storage figure that also provides a glimpse of demand in the U.S. -- hit a record 3.589 trillion cubic feet, the Energy Information Administration reported today. The government report showed stockpiles of natural gas for the week ended Sept. 25, surpassed the previous all-time high of 3.545 trillion...
- Blog posts 2009-10-01
- Natgas Conundrum: Calming Volatility Fears in Push for Clean Energy Alternative
- A hedge fund -- still undisclosed at this time -- made a hefty bet that natural gas prices will triple once Jack Frost starts nipping a few noses. The Financial Times reported an unnamed fund spent millions to take out call options on natural gas at $10 per million British thermal units in...
- Blog posts 2009-08-20
- BP, ConocoPhillips Lead Pack in Lukewarm Offshore Lease Sale
- The U.S. government's auction Wednesday of offshore oil and natural gas leases in western Gulf of Mexicowas tepid, at best, and attracted mainly large energy companies interested in snapping up tracts for deepwater drilling. Natural gas, which has seen its price plummet more than two-thirds since last year, got the...
- Blog posts 2009-08-19
- Clinton: Energy Efficiency Is Not Sexy, But Important Low-Hanging Fruit
- Former president Bill Clinton acknowledged Monday during the National Clean Energy Summit 2.0 that energy efficiency is not sexy. But, he said, it's the easiest-to-reach low-hanging fruit that will create jobs and reduce greenhouse gas emissions. "It's worth remembering that the least sexy topic is where the jobs are,"...
- Blog posts 2009-08-10
- Nat-Gas Vehicles, LNG Projects Get a Little Stimulus Money Lovin' From DOE's Clean Cities Initiative
- The case for natural gas just keeps on picking up steam this summer, even if there are lingering concerns of volatility. The latest boost comes in the form of the Department of Energy's Clean Cities Grants project, which will provide $300 million in stimulus funds to speed up the transition to alternative...
- Blog posts 2009-08-27
- U.S. Nat Gas Production Dip Does Little to Dent Glut
- Natural gas production in the United States has finally dipped -- and the news has come not a moment too soon for energy companies that have grappled with low prices for months.  The Energy Information Administration reported Monday natural gas production in the lower 48 states fellby...
- Blog posts 2009-12-01
- Week in Oil & Gas: Peak Oil, a Climate-Bill Interlude and Devon's Big Sale
- Climate-change legislation took a backseat to the congressional debate over a health care bill last week. Meaning, chances of passing legisation aimed at reducing greenhouse gas emissions through a cap-and-trade system this year have disappeared. But is it all that bad? Or unexpected?  Senate Democratic leaders said last week wrangling...
- Blog posts 2009-11-23
- Week in Oil & Gas: Punting in Copenhagen and Gulf of Mexico Leases -- Abridged
- The odds Congress would be able to pass climate-change legislation this year dimmed by the minute last week, as the political wrangling moved to the Senate Finance Committee and the debate focused once again on jobs and the economy. The bill's molasses-like progress through the Senate has rippled through the...
- Blog posts 2009-11-16
- Chevron's 2010 Capital Budget: Downstream Declines; Funds Funneled to Hunt and Production of Gas and Oil
- Chevron Corp., the second-largest U.S. oil company, will scale back spending in 2010 in its downstream segment by about $900 million, a reflection of a refining sector still struggling with weak demand and too much supply. The company announced its 2010 capital spending budget will be $21.6 billion,...
- Blog posts 2009-12-10
- Russian To Head 'Gas OPEC,' Seeks Oil Price Link
- The instability of natural gas prices and a global supply glut has pushed a once-informal organization of gas exporting countries to ramp up its profile and mission in the past year. The Gas Exporting Countries Forum, also called Gas OPECor Gaspec, elected Russian Leonid V. Bokhanovsky as its first secretary general...
- Blog posts 2009-12-09
- Taking Flight on Natural Gas: Will Airlines Use Shell's Gas-to-Liquids Jet Fuel?
- When a Qatar Airways plane landed in Doha late Monday, it became the first commercial passenger flight to use fuel from natural gas. But like all "firsts," the second, third and ten-thousandth time is a bit harder to reach. Cost tends to be the stickler in each one of these alternative jet fuel attempts....
- Blog posts 2009-10-13
- IEA's Chief Economist: U.S. Nat Gas Industry a Global Game-Changer
- The boom in unconventional gas production in the United States is an international game-changer that will have far-reaching implications to global supply and prices. At least that's the word -- and an intriguing one at that -- from the International Energy Agency in its highly anticipated 2009 World Energy Outlook. Massive amounts...
- Blog posts 2009-11-10
- Boxer Rolls Political Dice, Climate Bill Moves Onto Senate Floor
- The climate bill -- stuck in neutral in the Senate Environment and Public Works Committee due to a three-day Republican boycott -- has now moved onto to the Senate floor. Sen. Barbara Boxer, chairwoman of the environment committee, essentially decided to allow for a vote sans Republican representation - a politically...
- Blog posts 2009-11-05
- Energy Roundup: EPA Deems CO2 Hazardous, Pope Pursues Solar, and More
- EPA proposal on greenhouse gases could trigger regulation -- The Environmental Protection Agency issued its proposal on greenhouse gases today, and as expected the agency has determined that CO2 -- and five other gases including methane and hydrofluorocarbons -- is bad for humans and contributes to global warming. The proposal may push...
- Blog posts 2009-04-17
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