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Highlights

A collection of news and information related to Natural Gas published by this site and its partners.

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    May 31, 2012 |Story| KTUU

  1. Kenai Gas Storage Facility Starts Stashing Energy Underground

    Alaska’s first commercial natural gas storage project is now humming.
    Channel 2 News
    Alaska’s first commercial natural gas storage project is now humming. By the time project managers with Cook Inlet Natural Gas Storage Alaska cut the ribbon on the new Kenai facility, Thursday morning, nearby compressors were already pressurizing...

    Tags: Environmental Issues, Energy Resources, Natural Resources

    2. Jan 5, 2012 |Story| KTUU

  2. Oil Executives Meet With Parnell At Downtown Luncheon

    Oil executives with several firms operating in Alaska met with Gov. Sean Parnell at the Dena'ina Center in Downtown Anchorage Thursday for a noon luncheon hosted by Exxon Mobil Corp.
    Channel 2 News
    Oil executives with several firms operating in Alaska met with Gov. Sean Parnell at the Dena'ina Center in Downtown Anchorage Thursday for a noon luncheon hosted by Exxon Mobil Corp. Chief executives at the high-security, invitation-only event included...

    Tags: Natural Resources, Government, TransCanada Corporation, Energy Resources, Natural Resources

    3. Feb 1, 2012 |Story| AP Alaska

  3. Enstar Parent Company Sold to Canada's AltaGas

    Enstar parent company SEMCO Energy has been sold to Canada’s AltaGas, which has agreed to pay more than $1.1 billion to acquire natural gas businesses in Alaska and Michigan.
    Enstar parent company SEMCO Energy has been sold to Canada’s AltaGas, which has agreed to pay more than $1.1 billion to acquire natural gas businesses in Alaska and Michigan. AltaGas says the firms are a good fit with its own assets and part of a...

    Tags: Continental Energy Corporation, Companies and Corporations, Natural Resources, Economy, Business and Finance, Companies and Corporations

    4. Nov 4, 2011 |Story| KTUU

  4. Escopeta Oil Jack-Up Rig Makes Major Cook Inlet Gas Find

    An Escopeta Oil jack-up drilling rig has been in Cook Inlet for only three months, but company officials announced Friday that it has discovered about 3.5 trillion cubic feet of natural gas -- an amount they say could be the inlet’s largest energy discovery in 25 years.
    KTUU.com
    An Escopeta Oil jack-up drilling rig has been in Cook Inlet for only three months, but company officials announced Friday that it has discovered about 3.5 trillion cubic feet of natural gas -- an amount they say could be the inlet’s largest energy...

    Tags: Economy, Business and Finance, Companies and Corporations, Environmental Issues, Energy Resources, Sean Parnell

    5. Mar 26, 2012 |Story| KTUU

  5. As Lawmakers Consider In-State Gas Line, Canadians Offer Alternative

    On the eve of what's expected to be an intense state House debate on a proposed in-state natural gas pipeline, a group of Canadians visited Juneau to remind state officials that they're standing by to help with an alternate route through Canada.
    Channel 2 News
    On the eve of what's expected to be an intense state House debate on a proposed in-state natural gas pipeline, a group of Canadians visited Juneau to remind state officials that they're standing by to help with an alternate route through Canada. The...

    Tags: Mike Chenault, Justice System, Crime, Law and Justice, Environmental Issues, Energy Resources

    6. Apr 23, 2012 |Story| AP Broadcast

  6. ConocoPhillips 1Q Profit Drops 3 Pct

    ConocoPhillips said Monday that its first-quarter profit dropped 3 percent due to a decline in production following the sale of billions of dollars of oil fields and other assets.The Houston company reported earnings of $2.94 billion, or $2.27 per share, from January to March. That compares with $3.03 billion, or $2.09 per share, in the same part of 2011. Revenue was flat at $58.4 billion.Excluding special items, ConocoPhillips said adjusted earnings were $2.02 per share. Analysts, who typically exclude special items, were expecting earnings of $2.08 per share on revenue of $60 billion, according to FactSet.ConocoPhillips has shed more than $20 billion in assets since 2010 as part of a plan to split into separate companies. One company will keep the ConocoPhillips name and focus on exploration and production. The other company, Phillips 66, will specialize in refineries and pipelines.CEO Jim Mulva will retire following the split on May 1.With fewer producing assets, ConocoPhillips' oil and natural gas production dropped by 3.8 percent to 1.64 million barrels of oil equivalent per day in the first quarter. The company's oil platforms also were temporarily suspended off the coast of China because of an oil spill.The company sold crude oil for higher prices in the quarter, but natural gas prices declined.ConocoPhillips' refineries also sold less gasoline, diesel and other petroleum products in the period. Total refining sales dropped by 11.2 percent. Refining profit fell by 6.2 percent overall. Its midstream business, which includes pipelines, increased profits 27.4 percent, and its chemicals business boosted profits by 13 percent.Shares fell by 81 cents to $72.07 in morning trading.NEW YORK (AP) - ConocoPhillips said Monday that its first-quarter profit dropped 3 percent due to a decline in production following the sale of billions of dollars of oil fields and other assets.The Houston company reported earnings of $2.94 billion, or $2.27 per share, from January to March. That compares with $3.03 billion, or $2.09 per share, in the same part of 2011. Revenue was flat at $58.4 billion.Excluding special items, ConocoPhillips said adjusted earnings were $2.02 per share. Analysts, who typically exclude special items, were expecting earnings of $2.08 per share on revenue of $60 billion, according to FactSet.ConocoPhillips has shed more than $20 billion in assets since 2010 as part of a plan to split into separate companies. One company will keep the ConocoPhillips name and focus on exploration and production. The other company, Phillips 66, will specialize in refineries and pipelines.CEO Jim Mulva will retire following the split on May 1.With fewer producing assets, ConocoPhillips' oil and natural gas production dropped by 3.8 percent to 1.64 million barrels of oil equivalent per day in the first quarter. The company's oil platforms also were temporarily suspended off the coast of China because of an oil spill.The company sold crude oil for higher prices in the quarter, but natural gas prices declined.ConocoPhillips' refineries also sold less gasoline, diesel and other petroleum products in the period. Total refining sales dropped by 11.2 percent. Refining profit fell by 6.2 percent overall. Its midstream business, which includes pipelines, increased profits 27.4 percent, and its chemicals business boosted profits by 13 percent.Shares fell by 81 cents to $72.07 in morning trading.
    Channel 2 News
    ConocoPhillips said Monday that its first-quarter profit dropped 3 percent due to a decline in production following the sale of billions of dollars of oil fields and other assets.The Houston company reported earnings of $2.94 billion, or $2.27 per share,...

    Tags: Earnings, Economy, Business and Finance, Companies and Corporations, Environmental Issues, China

    7. Mar 21, 2012 |Story| AP Alaska

  7. Alaska Well Blowout: Repsol Seals, Abandons North Slope Well

    Crews in Alaska's North Slope have capped a well with cement after a blowout in February.
    Annie Feidt, Alaska Public Radio Network
    Crews in Alaska's North Slope have capped a well with cement after a blowout in February.     Alaska Public Radio Network reports (http://bit.ly/GzVywn) the well was sealed Sunday.     After cold weather caused difficulties getting the well under...

    Tags: Environmental Issues, Energy Resources, Natural Resources

    8. Mar 22, 2012 |Story| KTUU

  8. Dueling Pipelines: The Debate Over In-State Natural Gas

    In Juneau, a debate is raging about an in-state natural gas pipeline. In fact, that debate is raging not just about one pipeline, but two. And neither of them exists yet.
    Channel 2 News
    In Juneau, a debate is raging about an in-state natural gas pipeline. In fact, that debate is raging not just about one pipeline, but two. And neither of them exists yet. For much of the week, representatives have been taking public testimony on House...

    Tags: Super Bowl, Environmental Issues, Energy Resources, Sean Parnell, Natural Resources

    9. Feb 20, 2012 |Story| AP Alaska

  9. Repsol Well Blowout: Cleanup Prep Continues at North Slope Site

    Alaska environmental regulators say cleanup preparations continue at the site of an exploratory well blowout on Alaska's North Slope.        
    Channel 2 News
    Alaska environmental regulators say cleanup preparations continue at the site of an exploratory well blowout on Alaska's North Slope.         The state Department of Environmental Conservation says crews Sunday began clearing ice and drilling fluid...

    Tags: Environmental Issues, Energy Resources, Natural Resources

    10. Feb 13, 2012 |Story| AP Alaska

  10. Consultant Questions Parnell's Natural Gas Tax Approach

    A consultant to the Alaska Legislature says Gov. Sean Parnell is taking the wrong approach to natural gas taxes.
    The Associated Press
    A consultant to the Alaska Legislature says Gov. Sean Parnell is taking the wrong approach to natural gas taxes. Pedro van Meurs told reporters Parnell's approach excludes competitors to the North Slope's three major players. Parnell has said he doesn't...

    Tags: Exxon Mobil Corporation, Environmental Issues, Alaska Legislature, Energy Resources, BP Plc

    11. Jan 24, 2012 |Story| KTUU

  11. New In-State Natural Gas Pipeline Legislation Introduced in Juneau

    Two Republican lawmakers introduced new legislation Tuesday to push an in-state natural gas pipeline.
    Channel 2 News
    Two Republican lawmakers introduced new legislation Tuesday to push an in-state natural gas pipeline. House Speaker Mike Chenault (R-Nikiski) and Rep. Mike Hawker (R-Anchorage) have introduced the legislation that would, in part, turn three current...

    Tags: Mike Chenault, Lesil McGuire, Natural Resources, Environmental Issues, U.S. Senate

    12. Jan 5, 2012 |Story| KTUU

  12. Exxon Mobil Corp, BP and ConocoPhillips Agree Asia May Be the Best Market for Alaska's Natural Gas

    A new chapter may have begun in Alaska’s decade-long saga to bring North Slope gas to market.  Governor Sean Parnell met on Thursday with the heads of the state’s three major oil and gas producers:  Exxon Mobil’s Rex Tillerson, BP’s Bob Dudley and ConocoPhillips’ Jim Mulva.
    A new chapter may have begun in Alaska’s decade-long saga to bring North Slope gas to market.  Governor Sean Parnell met on Thursday with the heads of the state’s three major oil and gas producers:  Exxon Mobil’s Rex Tillerson, BP’...

    Tags: Mike Chenault, Natural Resources, Economy, Business and Finance, Companies and Corporations, Government

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