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Wednesday, April 7, 2010 as of 11:14 AM ET

Natural Gas

Natural gas is a naturally occurring hydrocarbon gas mixture consisting primarily of methane, with up to 20 % of other hydrocarbons as well as impurities in varying amounts such as carbon dioxide.

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CORRECT (3/25): Investigators Say PG&E Violated Pipeline Safety Rules

The item "UPDATE: Investigators Say PG&E Violated Pipeline Safety Rules" published Friday at 10:18 P.

M. ET gave an incorrect amount for the potential fine PG&E Corp. faces in the third and fourth paragraphs, and in a bullet point. A correct version follows.)--California investigators find PG&E managed gas pipelines unsafely--Investigation part of a series following San Bruno pipeline explosion--Investigators cite more than 3,000 violations over years--If maximum state penalties were applied, fines could exceed $200 billion--State regulators will consider this report and others to determine final fines for PG&ESAN FRANCISCO (Dow Jones)--California investigators said Friday that PG&E Corp. (PCG) violated several state and federal pipeline safety rules by ignoring safety requirements for more than 100 miles of aging natural-gas transmission pipelines that lie underneath homes, businesses and other densely populated urban areas.The findings were released in a report by the state Consumer P...

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  1. Brazil Petrobras Transport Unit To Fine Shipyard Over Late Delivery

    The transportation arm of Brazilian state-owned energy giant Petroleo Brasileiro SA (PBR, PETR4.BR), or Petrobras, said Friday that it would fine a local shipyard fo...

  2. Oil Edges Higher But Posts Weekly Loss

    Oil futures inched higher Friday, recouping some of their recent losses but not enough to gain for the week. Oil for July delivery advanced 20 cents, or 0.2%, to $90...

  3. Baker Hughes: Weekly US Gas Rig Count Down 6 In Week To 594

    The number of natural-gas drilling rigs working in the U.S. fell by six in the past week, to 594, according to oilfield-services company Baker Hughes Inc. (BHI).The ...

  4. Iran Sanctions Could Benefit Oil Majors: Moody's

    The fact that some of the world's largest oil and gas reservoirs are 100% owned and operated by national oil companies could benefit international oil companies if e...

  5. Indonesian President: BP To Invest $11 Billion In Gas Project -Reuters

    is to invest $11 billion in a natural gas project in eastern Indonesia, Reuters reported Friday on its website, citing a statement issued by Indonesian President Sus...

  6. Putin Urges Statoil To Be More Active At Shtokman Project

    Russia's President Vladimir Putin called on Statoil ASA (STO) Friday for activation of the Shtokman liquefied natural gas project off the Russian Arctic Circle, whil...

  7. Bharat Petroleum 4Q Net Profit Surges More Than Fourfold

    India's Bharat Petroleum Corp. (500547.BY) Friday reported a more than fourfold jump in its fourth-quarter net profit, helped by government subsidies for selling die...

  8. BP Confirms Limited Scope For Key European Gas Pipeline

    U.K. energy giant BP PLC (BP) confirmed Friday that a key European pipeline project to import natural gas from Azerbaijan, called Nabucco, will be of much more limit...

  9. BP Confirms More Limited Scope For Key European Gas Pipeline

    U.K. energy giant BP PLC (BP) confirmed Friday that a key European pipeline project to import natural gas from Azerbaijan, called Nabucco, will be of much more limit...

  10. Statoil May Leave Shtokman, May Be Replaced By Shell -Paper

    Norway's Statoil ASA (STO) may leave the international consortium that is to develop the Shtokman liquefied natural gas offshore project in the Russian Barents Sea a...

  11. Cape Sees GBP14 Million Hit On 2012 Pretax Profit

    Cape PLC (CIU.LN), a provider of non-mechanical support services to the energy and mining sectors, said Friday its 2012 pretax profit will be around GBP14 million lo...

  12. Australia Won't Intervene In PNG Political Crisis -Foreign Minister

    Australia won't intervene in a political crisis unfolding in Papua New Guinea, foreign minister Bob Carr said Friday.Armed police on Thursday arrested Papua New Guin...

  1. Reliance Industries Seeks Government OK For Processes To Up Gas Output -Source

    India's Reliance Industries Ltd. (500325.BY) has sought the federal government's approval to implement processes which will help it increase output at its natural ga...

  2. Investigators Say PG&E Violated Pipeline Safety Rules

    California investigators said Friday that PG&E Corp. (PCG) violated several state and federal pipeline safety rules by ignoring safety requirements for more than 100...

  3. Former Shell CEO on the Decline in Oil Prices

    Former Shell CEO John Hofmeister on the factors driving the price of oil lower.

  4. Do EPA Regulations Actually Help the Environment?

    Manhattan Institute Senior Fellow Robert Bryce on the impact of regulations on coal and the energy industry as a whole.

  5. Icahn Reports 7.6% Stake In Chesapeake Energy

    Activist investor Carl Icahn reported a 7.6% stake in Chesapeake Energy Corp. (CHK) Friday and called for the replacement of at least four of the embattled natural-g...

  6. Icahn Seeks Shake-up At Chesapeake Energy

    Activist investor Carl Icahn blasted Chesapeake Energy's board Friday after disclosing his investment fund has taken a 7.56% stake in the troubled oil and natural ga...

  7. Icahn Reports 7.6% Stake In Chesapeake, Calls For 4 Directors To Be Replaced

    Activist investor Carl Icahn reported a 7.6% stake in Chesapeake Energy Corp. (CHK) and called for the replacement of at least four of the embattled natural gas comp...

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