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Oil and gas news briefs February 2, 2012



Oil and gas news briefs February 2, 2012

  • Global natural gas production doubled between 1980 and 2010.
  • ExxonMobil says it has no plans to curtail natural gas production; Shell says it will focus more on oil-rich shale.
  • Cheniere strikes a deal to sell LNG to South Korea from its proposed Louisiana export terminal.
  • South Korea buyers paid an average $12.50 per million Btu last year for imported LNG.
  • The association of Canadian oil and gas producers has adopted ‘best practices’ for hydraulic fracturing.
  • Navistar announces it will build natural gas-fueled trucks; AT&T orders 1,200 natural gas vans from GM.
  • And several more news items of interest.

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Project updates and other news about the Alaska natural gas pipeline from the Office of the Federal Coordinator.

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