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Keyword: energy

Brevity: Headers | « Text »
  • Looking Back: The Doomsayers Were Wrong about the BP Oil Spill; Mother Nature Heals Itself

    04/23/2015 7:08:29 AM PDT · by SeekAndFind · 24 replies
    National Review ^ | 04/23/2015 | by STEPHEN MOORE & JOEL GRIFFITH Read more at: http://www.nationalreview.com/article/417345/doomsay
    Five years ago this week, a blowout of BP’s Deepwater Horizon oil rig 40 miles from the Gulf Coast tragically claimed eleven lives and spilled 3 million barrels of oil from the damaged wellhead into the Gulf. It’s hard to forget the video images of thick oil gushing, day after day, into the region’s waters. It was a horrific accident that caused substantial damage to the ecology and commerce of the region. Gulf-area wildlife, portions of the shoreline, tourism, fishers and shrimpers, and energy-sector workers suffered large losses in the aftermath of the spill. BP has paid close to $27...
  • Promising results, DOE publishes more findings from North Slope methane hydrate test well

    04/25/2015 8:17:05 AM PDT · by thackney · 12 replies
    Petroleum News ^ | Week of April 26, 2015 | Alan Bailey
    The National Energy Technology Laboratory has published some new results from methane hydrate testing carried out in 2011 and 2012 in the Ignik Sikumi test well on Alaskas North Slope. According to an article in the latest edition of NETLs Fire in Ice publication, the results shed light on the potential use of injected carbon dioxide as a means of producing natural gas from methane hydrate deposits, while also demonstrating that producing gas by depressuring the deposits may work more easily than previously thought. Methane hydrate is a naturally occurring solid that traps concentrated volumes of methane, the primary component...
  • Northeast Gas Coming Soon to a Market Near You

    04/24/2015 10:18:15 AM PDT · by thackney · 13 replies
    The dam is about to burst in the Northeast. The question is who will drown in the coming flood of natural gas? BTU Analytics is currently tracking 42 Bcf/d of Northeast projects coming online through 2018. Of that capacity, 14.6 Bcf/d will help carry gas out of the region. Some of the most notable of these projects are Energy Transfers Rover Pipeline at 3.25 Bcf/d, Spectras Nexus Pipeline at 1.5 Bcf/d, and a series of REX Pipeline expansions bringing the pipes total east to west capacity to 2.6 Bcf/d. Infrastructure constraints in the Marcellus and Utica have been the norm...
  • NERC: EPA should ease Clean Power Plan timeline to ensure reliability

    04/24/2015 9:33:27 AM PDT · by thackney · 7 replies
    Utility Dive ^ | April 22, 2015 | Herman K. Trabish
    A study released Tuesday by the North American Electric Reliability Corp. (NERC) concludes that more time is needed for utilities to develop new generation and transmission than is allowed by the timeline for carbon pollution reductions in the EPA's proposed Clean Power Plan (CPP). The draft carbon regulations aim to cut carbon emissions 30% below 2005 levels by 2030, and require steep carbon cuts from many states by 2020. According to NERC, utilities take 4-5 years to build new generation plants and 6-15 years to construct new transmission lines to support them, meaning that both the interim 2020 compliance date...
  • Sierra Club ads chide Minnesota utilities over coal plants

    04/24/2015 6:13:29 AM PDT · by TurboZamboni · 19 replies
    Pioneer Press ^ | 4-23-15 | John Myers
    The Sierra Club is turning up the heat on Minnesota's largest utilities with another advertising campaign aimed at coal-fired power plants. The ads target Minnesota Power and Xcel Energy and come, not by chance, as the utilities are developing updates to their 15-year energy plan that go to the Minnesota Public Utilities Commission later this year. The television ads started Thursday and will run on cable channels in northern Minnesota and in Xcel's coverage area. As part of its "Energy Forward'' plan to reduce dependence on fossil fuels, Minnesota Power already has stopped burning coal at its Laskin plant in...
  • New Rules, Cheap Energy Heighten Battle Between Coal and Gas

    04/24/2015 6:07:55 AM PDT · by thackney · 7 replies
    Wall Street Journal ^ | April 23, 2015 | AMY HARDER
    Tough new environmental rules and cheap energy prices are heightening the battle between coal miners and natural-gas pumpers over which fuel will dominate the U.S. power market. At the IHS CERAWeek global energy conference here, there were some heated words on both sides of the debate. Cleaner coal, theres no such thing, Eldar Saetre, chief executive of the Norwegian oil giant Statoil ASA, told an audience of hundreds of people, most of them employed in the fossil-fuel industry. He added climate-conscious electric companies should burn natural gas instead. The only thing that gets tense is when somebody like the head...
  • IHS CERA 2015: Resilient Marcellus gas drillers are the 'problem': E&P executive

    04/24/2015 6:03:02 AM PDT · by thackney · 17 replies
    Platts ^ | 22 Apr 2015 | Arjun Sreekumar
    Major improvements by natural gas exploration-and-production companies have allowed them to continue to drill profitably in a period of depressed prices, adding to the glut of gas and putting further pressure on prices, an E&P executive said Wednesday at the IHS CERAWeek conference in Houston. "What's happening is that we continue to get better and get more production per rig," Kyle Mork, president of Energy Corporation of America, said in reference to the seeming paradox of growing US natural gas production despite a record low level of rigs. "We're the problem," he said. It is common knowledge in the industry...
  • Big Hit For U.S. Oil Production In January

    04/24/2015 5:51:32 AM PDT · by thackney · 11 replies
    Oil Price ^ | 23 April 2015 | Arthur Berman
    U.S. crude oil production fell at least 135,000 barrels of oil per day in January 2015 compared to December 2014 according to the EIA (Figure 1). Bakken Shale production fell the most of any play or jurisdiction losing 37,000 barrels per day in North Dakota and 4,000 barrels per day in Montana for a total of 41,000 barrels of oil per day (Figure 2). Production in California, the offshore Gulf of Mexico, Alaska and Wyoming also declined significantly. Figure 3 shows Bakken production based on DrillingInfo data. The 42,000 barrels of oil per day drop in January production is completely...
  • Arevas nuclear reactor vessel flaws may be costly

    04/24/2015 5:26:25 AM PDT · by thackney · 3 replies
    Power Engineering ^ | 04/17/2015 | Power Engineering
    The French nuclear regulator says anomalies found in Arevas nuclear reactor technology are very serious and may be costly to fix. Areva announced April 7 that it found weak spots in the bottom and lid of the European Pressurized Reactor (EPR) vessel, which could reduce the resistance of the metal. Areva said it discovered the flaw during mechanical and chemical tests of a representative model and reported the findings to the French Nuclear Safety Authority (ASN). The ASN told Reuters that a similar Areva forging technique had been used in five EPRs currently in the planning stage or under construction....
  • Kinder Morgan looks to expand natural gas route to Mexico

    04/24/2015 5:10:06 AM PDT · by thackney · 7 replies
    Fuel Fix ^ | April 23, 2015 | Robert Grattan
    Kinder Morgan said Thursday it was considering another expansion along a pipeline linking its natural gas system to Mexico. The expansion would add another 200 million cubic feet of capacity along the Mier-Monterrey pipeline, which runs 95 miles from the U.S.-Mexico border near Starr County, Texas to Monterrey, Mexico. If Kinder Morgan moves forward, the project would add a new compressor station and boost total capacity along the line to 840 million cubic feet per day. The Houston-based company said it would solicit commitments from shippers for new pipeline capacity between April 27 and May 11. Pipeline projects usually require...
  • The Clintons Took Cash to Help Putin Control the World Uranium Market

    04/23/2015 5:10:24 PM PDT · by Kaslin · 27 replies
    Rush Limbaugh.com ^ | April 23, 2015 | Rush Limbaugh
    RUSH: The New York Times story is by Jo Becker and Mike McIntire, and here's how it begins: "The headline in Pravda trumpeted President Vladimir V. Putin's latest coup, its nationalistic fervor recalling an era when the newspaper served as the official mouthpiece of the Kremlin: 'Russian Nuclear Energy Conquers the World.' The article, in January 2013, detailed how the Russian atomic energy agency, Rosatom, had taken over a Canadian company with uranium-mining stakes stretching from Central Asia to the American West. "The deal made Rosatom one of the world's largest uranium producers and brought Mr. Putin closer to his...
  • Idaho To Join Handful Of States That Charge Electric Car Owners Extra

    04/23/2015 5:28:25 AM PDT · by thackney · 15 replies
    Northwest Public Radio ^ | APRIL 15, 2015 | JESSICA ROBINSON
    The federal government and many states have offered car buyers incentives to venture into the electric car market. But now some states are going in a different direction -- theyre charging owners more. Idaho recently approved one of the countrys highest fees for electric cars. Heres the problem: states traditionally fund highways with a gas tax. But you only pay that if you buy gas. Last week, Idaho lawmakers voted to charge electric vehicle owners an extra $140 annual registration fee. which was news to Cleve Buttars. "Wow. Well, um ..." Buttars lives in Twin Falls and drives a...
  • The Clinton connection to Russias claims on uranium

    04/23/2015 4:56:21 AM PDT · by Cincinatus' Wife · 17 replies
    Times of India ^ | April 23, 2015 | Jo Becker,NYT News Service
    The headline in Pravda trumpeted President Vladimir Putin's latest coup, its nationalistic fervor recalling an era when the newspaper served as the official mouthpiece of the Kremlin: "Russian Nuclear Energy Conquers the World." The article, in January 2013, detailed how the Russian atomic energy agency, Rosatom, had taken over a Canadian company with uranium-mining stakes stretching from Central Asia to the American West. The deal made Rosatom one of the world's largest uranium producers and brought Putin closer to his goal of controlling much of the global uranium supply chain. But the untold story behind that story is one that...
  • An Earth Day call to ban fracking across this land

    04/22/2015 10:54:03 PM PDT · by 2ndDivisionVet · 17 replies
    The New York Daily News ^ | April 22, 2015 | Mark Ruffalo, actor and director
    Just say no, Obama. Flaming water, poisoned air and destroyed lives thats what I found when I traveled to Dimock, Pa., in 2009 to see the impacts of fracking firsthand. Six years later, this tragic story is one shared by countless Americans, too many of them with no choice in the matter. Ten years after the Bush-Cheney administration exempted fracking from key parts of some of our nations most important environmental and public health laws, including the Safe Drinking Water Act, Clean Water Act and Clean Air Act, the science is finally catching up to the process and...
  • Oil Prices Wont Recover Anytime Soon Says Exxon CEO

    04/22/2015 2:17:16 PM PDT · by Opintel · 18 replies
    Oilprice.com ^ | 22-04-2015 | Willem van Oranje
    There is mounting evidence that oil prices are poised to rebound from a historic bust. Rig counts hit new lows each week. For the week ending on April 17, Baker Hughes says the U.S. lost an additional 34 oil and gas rigs, bringing the total down to 954. Domestic crude oil production appears to have plateaued and the EIA expects a contraction in May. Nearly every driller is dramatically scaling back spending, which should increasingly cut into new output. And oil consumption is finally picking up, as drivers far and wide take advantage of cheap fuel. But what if the...
  • Celebrating Earth Day: Environment Getting Better All the Time

    04/22/2015 1:54:53 PM PDT · by ThethoughtsofGreg · 10 replies
    American Legislator ^ | 4-22-15 | John Eick
    Earth Day was first observed on April 22, 1970 as the brainchild of former Sen. Gaylord Nelson (D-WI). One of the leading proponents of environmentalism and conservation at the time, Sen. Nelson envisioned Earth Day as an environmental teach-in that would generate popular support for an environmental agenda. Modeled on the anti-war teach-ins of the gloomy Vietnam era, over 20 million people participated in the inaugural Earth Day. Ever since, Earth Day has been a largely somber event sounding the alarm on impending environmental doom. Instead of merely generating awareness of the environmental problems we face, Earth Day should be...
  • Oil Price War May Benefit Both US Shale And Saudi Arabia

    04/22/2015 12:13:53 PM PDT · by bananaman22 · 5 replies
    Oilprice.com ^ | 22-04-2015 | James Stafford
    Oil Price War May Benefit Both US Shale And Saudi Arabia
  • Teslas Mystery Product May Be Battery Power For YourHome

    04/22/2015 11:21:57 AM PDT · by Citizen Zed · 34 replies
    cbs sf bay ^ | 4-22-2015
    Tesla shares (TSLA) are getting a charge from a Bloomberg report that the company will unveil a home battery and a large-scale utility battery, at an event at its Hawthorne design studio next week. Bloomberg got a hold of an email from Teslas investor-relations chief saying the company will explain the benefits of Teslas solutions compared to battery options in the past. There has been speculation that Tesla will look to challenge the traditional utility power grid with home and utility batteries, and a research note from Deutsche Bank says Tesla could be at the forefront of an energy storage...
  • CERAWEEK-U.S. fracking costs falling fast, may keep fields in play

    04/22/2015 10:30:44 AM PDT · by ckilmer · 24 replies
    http://news.apsou.gr ^ | April 22 | Anna Driver
    CERAWEEK-U.S. fracking costs falling fast, may keep fields in play HOUSTON, April 22 (Reuters) - U.S. oil and natural gas companies have pushed down costs of fracking a shale well faster than expected, and if the trend holds up it could allow producers to keep working in oilfields that just months ago looked uncompetitive after the oil price crash.A more than 50 percent fall in the price of crude oil since June has left oil and gas producers insisting on steep price cuts from oilfield service companies that provide everything from drilling rigs to hydraulic fracturing.Oil is trading...
  • Obama honors Earth Day by using 9,180 gallons of jet fuel thats just the start

    04/22/2015 8:17:18 AM PDT · by PROCON · 19 replies
    washingtontimes.com ^ | April 22, 2015 | Joseph Curl
    President Obama is celebrating Earth Day by flying in his jumbo jet down to Florida so he can tour the Everglades. The 1,836-mile roundtrip will consume 9,180 gallons of fuel on Air Force One, according to CBS White House reporter Mark Knoller. And thats just the presidents plane. There will a half-dozen support planes along for the trip, Marine One helicopters, and a 25- to 30-vehicle motorcade belching exhaust into the air.
  • Ex-BP Chief Sees Oil Bull Market Sooner than Many Expect

    04/22/2015 8:17:45 AM PDT · by thackney · 2 replies
    Reuters via Rig Zone ^ | April 22, 2015 | Dmitry Zhdannikov and Silvia Antonioli
    Low crude prices will trigger consolidation in the oil industry but a new bull market might arrive much sooner than expected given the huge scale of capital and workforce withdrawal in the sector, a former boss of oil major BP said. "The actions the industry is taking to withdraw capital are laying the seeds for the next bull market," Tony Hayward told the FT Commodities Summit. "The peak of U.S. shale supply has arrived earlier than anticipated ... The supply chain in the U.S. has been decimated ... It will take several years to take activity back," Hayward said....
  • Why States Should Boycott the Federal Clean Power Plan

    04/22/2015 7:26:39 AM PDT · by george76 · 10 replies
    WSJ ^ | April 21, 2015 | KENNETH C. HILL
    Better for states not to comply with the EPAs plans than to go along and absolve the feds of accountability for the mess. Senate Majority Leader Mitch McConnell (R., Ky.) set off a firestorm recently when he advised states not to comply with the Environmental Protection Agencys Clean Power Plan. Yet that advice isnt as radical as his detractors make it sound. As a state public utilities commissioner who deals with the effects of federal regulations on a regular basis, I also recommend that states not comply. ... While the short-term effects may be painful, the long-term consequences of submitting...
  • Record Numbers Of Drivers Trading In Electric Cars For SUVs

    04/22/2015 5:12:28 AM PDT · by kingattax · 27 replies
    Daily Caller ^ | 04/21/2015 | MICHAEL BASTASCH
    President Barack Obama promised to put a million more hybrid and electric cars on the road during his tenure, but new research shows drivers are trading them in to buy sports utility vehicles (SUVs). The auto-research group Edmunds.com found that 22 percent of people who have traded in their hybrids and [electric vehicles] in 2015 bought a new SUV. This number is higher than the 18.8 percent that did the same last year, but its double the number that traded in their electric car for an SUV just three years ago. Edmunds.com reports that only 45 percent of this years...
  • E.U. Charges Russian Energy Giant Gazprom With Abusing Its Dominance

    04/22/2015 5:05:38 AM PDT · by McGruff · 4 replies
    NY Times ^ | APRIL 22, 2015 | JAMES KANTER
    European antitrust regulators on Wednesday charged the Russian energy giant Gazprom with abusing its dominance in natural gas markets, a move amounting to a direct challenge to the authorities in Moscow. The European Commission, the European Unions executive arm, said that unfair pricing might have resulted in higher gas prices in Bulgaria, Estonia, Latvia, Lithuania and Poland, which have long been wholly or substantially dependent on Russian gas. In those countries, the commission said, Gazprom was suspected of charging wholesalers prices that were significantly higher compared with the companys costs or to benchmark prices.
  • Ground broken for Turkey's first nuclear power plant

    04/22/2015 4:59:08 AM PDT · by thackney · 18 replies
    World Nuclear News ^ | 15 April 2015 | World Nuclear News
    Government and company officials yesterday launched construction of Turkey's first nuclear power plant. The Russian-designed Akkuyu plant in Mersin, on the Mediterranean coast, is the first of three nuclear power plants the country plans to build to help boost its economy and reduce its dependence on fossil fuel imports. Construction work is expected to begin on the first of Akkuyu's four 1200 MWe Gidropress-designed AES-2006 VVER pressurized water reactors this year or next. The plant is being financed by Russia according to a build-own-operate model, under an intergovernmental agreement signed by Turkey and Russia in 2010. The project is expected...
  • China cabinet approves building of home-grown nuclear reactor

    04/22/2015 4:56:37 AM PDT · by thackney · 12 replies
    Reuters ^ | Apr 15, 2015 | Reuters
    China gave approval to build a home-grown "third-generation" nuclear reactor, a technology that will help optimize the country's energy mix and also one that Beijing wants to export. The State Council, or cabinet, said on Wednesday it had approved building a pilot reactor of "Hualong 1" on China's coast, according to a statement posted on the central government's website www.gov.cn, without giving further details. "It's not only an inevitable choice to diversify clean energy sources, but also helps raise global competitiveness of China's equipment manufacturers...
  • UNDERSTANDING THE VENEZUELAN DEBACLE

    04/22/2015 4:48:50 AM PDT · by thackney · 14 replies
    Georgetown Public Policy Review ^ | APRIL 21, 2015 | LEONEL PRIETO
    Empty shelves in the supermarkets. Never-ending lines forming before dawn to buy whatever basics good from whatever brand arrives to the store. Hostile military officers threaten reprisal, ensuring that those lined up keep their grievances silent. This is how shopping for food or basic household goods looks like in Venezuela today. Rising shortages and inflation have submerged the country in a deep recession. This precarious reality is the result of actions carried out by the revolutionary government in the past years: a model of poor economic management in a context of prevalent incompetence, corruption, and human rights violations. Did oil...
  • CERAWeek: Oil chiefs explain why U.S. shale boom hasnt gone global

    04/22/2015 4:37:25 AM PDT · by thackney · 3 replies
    Fuel Fix ^ | April 22, 2015 | Collin Eaton
    Has billionaire oil man Harold Hamm ever been tempted to take the U.S. shale revolution abroad and expand his oil empire from North Dakota to the rest of the world? I have not, Hamm told a gathering of energy executives Tuesday. The question had come from Daniel Yergin, vice chairman of IHS. Hamm, CEO of Continental Resources, one of the biggest oil producers in the Bakken Shale, was one of three oil-company chief executives speaking from the stage during a panel at the IHS CERAWeek energy conference at the Hilton Americas-Houston. So why havent U.S. shale producers tried to tap...
  • Gas price fallout: People trading in hybrids for SUVs

    04/21/2015 6:21:55 PM PDT · by Red in Blue PA · 27 replies
    With gas prices low, more people are trading in their hybrid and electric cars for purely gasoline-powered vehicles, including SUVs. So far this year, only 45 percent of people that traded in an environmentally-friendly hybrid car purchased another, according statisticians at Edmunds.com. In 2012, that figure was over 60 percent and this is the first time it has ever fallen below 50 percent.
  • Oklahoma Recognizes Role of Drilling in Earthquakes

    04/21/2015 6:52:59 PM PDT · by Theoria · 20 replies
    The New York Times ^ | 21 April 2015 | Michael Wines
    Abandoning years of official skepticism, Oklahomas government on Tuesday embraced a scientific consensus that earthquakes rocking the state are largely caused by the underground disposal of billions of barrels of wastewater from oil and gas wells.The states energy and environment cabinet introduced a website detailing the evidence behind that conclusion Tuesday, including links to expert studies of Oklahomas quakes. The site includes an interactive map that plots not only earthquake locations, but also the sites of more than 3,000 active wastewater-injection wells.The website coincided with a statement by the state-run Oklahoma Geological Survey that it considers it very likely that...
  • Cheap Gas Helps Pull the Plug on Electric Cars [Good News on Earth Day!]

    04/22/2015 4:10:53 AM PDT · by SoFloFreeper · 3 replies
    Time ^ | 4/22/15 | Brad Tuttle
    Sales of the Nissan Leaf and other electric cars have dipped thus far in 2015, and automakers have resorted to price cuts to boost interest in plug-ins.
  • Halliburton Announces 9,000 Layoffs

    04/21/2015 9:46:05 AM PDT · by SeekAndFind
    Houston Press ^ | 04/21/2015 | By Dianna Wray
    In a move that once again isn't exactly shocking, Halliburton Co. has been engaging in much more serious layoffs than they initially planned on back in February. Back in the early part of the year -- when energy analysts were confidently predicting oil prices would rebound in no time at all -- Halliburton still battened down the hatches, announcing plans for about 6,500 layoffs. Since then the analysts have for the most part gotten increasingly dour with their predictions, oil prices have stayed around $50 a barrel and Halliburton has actually laid off about 10 percent of its workforce in...
  • Oil and Gas Company Baker Hughes ramps up layoffs to 10,500 worldwide

    04/21/2015 9:43:58 AM PDT · by SeekAndFind
    The Times Picayune ^ | 04/21/2015 | By Jennifer Larino
    Baker Hughes Inc., one of the world's largest oil and gas service companies, said it will increase job cuts worldwide to 10,500, or about 17 percent of its total workforce. The Houston-based company said the cuts are necessary in order to weather a crash in North American drilling prompted by low oil prices. Baker Hughes announced the additional cuts Tuesday (April 21) after reporting a $32 million loss for the first quarter this year. The company's first-quarter revenue was down 20 percent compared to the same period a year ago. Earlier this year, Baker Hughes said it planned to cut...
  • NASSCO launches 'green' containership

    04/21/2015 5:22:43 AM PDT · by thackney · 13 replies
    U~T San Diego ^ | APRIL 19, 2015 | Gary Robbins
    General Dynamics-NASSCO has launched Isla Bella, the first liquid natural gas-powered container ship that the Barrio Logan shipyard has built for the company TOTE. The 764-foot-long vessel slid down the launch ways Saturday at NASSCO, the last major shipyard on the West Coast. The company also is building a second vessel for TOTE under a contract that was signed in 2012. NASSCO said in a statement that the Marlin-class container ships will be the largest dry-cargo ships of any kind in the world powered by LNG. The vessels ... will significantly decrease emissions while increasing fuel efficiency as compared to...
  • Anti-local fracking control bill advances in Texas

    04/21/2015 5:05:57 AM PDT · by thackney · 44 replies
    Platts ^ | 20 Apr 2015 | Platts
    A bill being debated in the Texas Legislature that would severely limit local municipalities' power to regulate oil and natural gas drilling moved one step closer to becoming law Monday. In a 125-20 vote, the Republican-dominated Texas House of Representatives approved on third reading H.B. 40. The legislation would "expressly pre-empt local ordinances that ban or limit oil and gas operations," including hydraulic fracturing. The bill will now move to the state Senate, which, like the House, is Republican-controlled. If passed by both houses of the legislature it will move to the desk of Republican Governor Greg Abbott, who has...
  • CERAWeek: Smaller budgets shouldnt sacrifice on oil industry innovation, Saudi Aramco says

    04/21/2015 4:56:16 AM PDT · by thackney
    Fuel Fix ^ | April 20, 2015 | Robert Grattan
    Innovation is vital for the energy industry, even when times are tough, three industry executives told IHS Energy CERAWeek attendees Monday. Crude oil prices have fallen by roughly 50 percent since the summer of 2014, and the resulting squeeze has strained budgets and led to thousands of layoffs across the industry. But Muhammad Al-Saggaf, the acting head of Saudi Aramcos shared operations and services, warned that while research might appear easy to cut, abandoning innovation during a downturn can put the future of a company at risk. A downcycle is actually an opportunity, Al-Saggaf said. It is easier to find...
  • CERAWeek: U.S. and Wall Street take over OPECs role as global swing producer

    04/21/2015 4:54:13 AM PDT · by thackney · 2 replies
    Fuel Fix ^ | April 20, 2015 | Collin Eaton
    Financial markets underpinning the U.S. shale boom have emerged as the worlds de facto regulator of global oil production, taking over from the Saudi Arabia-led cartel that effectively abdicated its decades-old role in November, a top IHS researcher said Monday. The Organization of the Petroleum Exporting Countries is not what it used to be; its no longer the balancer of the oil market, said Jim Burkhard, chief researcher of global oil markets for IHS, during a panel on the first day of the week-long IHS Energy CERAWeek conference at the Hilton Americas-Houston. For a generation, Burkhard said, OPEC could influence...
  • CERAWeek: Former diplomat says lifting Iranian sanctions wont flood oil markets

    04/21/2015 4:52:44 AM PDT · by thackney · 1 replies
    Fuel Fix ^ | Rhiannon Meyers | April 20, 2015
    Lifting sanctions against Iran in exchange for restrictions on its nuclear program wont immediately flood the world with oil as some have feared, recently retired U.S. Deputy Secretary of State William Burns said Monday. His comments, made on the opening day of the five-day IHS Energy CERAWeek conference Monday, addressed the concerns that have rocked oil markets as diplomats met in Switzerland to hammer out the details of a deal to cut off Irans pathways to making a nuclear bomb. News leaking out of the negotiations caused oil prices to swing wildly in the days leading up to the framework...
  • EIA: Coal-fired generation alive and well in the coming decade

    04/21/2015 4:49:09 AM PDT · by thackney · 4 replies
    Power Engineering ^ | 04/17/2015 | Power Engineering
    Coal-fired power generation from existing plants will increase through 2025, this according to the Annual Energy Outlook 2015 (AEO2015) report published by the U.S. Energy Information Administration (EIA) this week. The report centers its expectations on a middle-of-the-road predictive model called the AEO2015 Reference case, but also compares this reference case to alternative predictive models which adjust for variables including: low and high oil prices, low and high economic growth, and high oil and gas resources. The report predicts tradeoffs between fuels used for electricity generation, primarily due to slow growth in demand, combined with rising natural gas prices, environmental...
  • MAGELLAN AND TRANSCANADA TO PURSUE HOUSTON PIPELINE CONNECTION

    04/21/2015 4:22:03 AM PDT · by thackney · 5 replies
    Oil Gas Financial Journal | 4/15/2015 | OGFJ
    Magellan Midstream Partners LP (NYSE: MMP) and TransCanada Corp. (NYSE: TRP) have entered into a joint development agreement to pursue a project to connect TransCanada's Houston tank terminal to Magellan's East Houston terminal. The project would include the construction of a 9-mile, 24-inch-diameter pipeline, in which Magellan and TransCanada would have a 50/50 ownership interest. The project would give TransCanada's Keystone and Marketlink shippers access to Magellan's Houston and Texas City, Texas, crude oil distribution system. Michael Mears, Magellan's president and CEO, commented that this connection would provide its customers with additional supply options for the Houston Gulf Coast refining...
  • Wind Turbines Kill More Birds Than BP Oil Spill

    04/20/2015 10:08:28 AM PDT · by E. Pluribus Unum · 31 replies
    The Daily Caller ^ | 2015-04-20 | Michael Bastasch
    It's been five years since BPs Deepwater Horizon oil rig exploded and released 5 million barrels of crude oil into the Gulf of Mexico. Environmentalists are highlighting the disaster by pointing to the 800,000 birds that have died because of the spill in the five years since the disaster, but activists have been eerily silent about the fact that way more birds have been killed by wind turbines a supposedly eco-friendly energy source.The liberal blog Mother Jonesreportsthat 800,000 birds have been killed and the Pelican population in the Gulf has decreased 12 percent. While the 2010 Gulf spill was...
  • Fracking boom creates jobs for women but only as prostitutes and maids, activist claims

    04/20/2015 3:43:54 PM PDT · by CedarDave · 52 replies
    The Washington Times ^ | April 20, 2015 | Valerie Richardson
    A key figure behind New Yorks statewide ban on hydraulic fracturing says that losing out on oil and gas jobs is no big deal because the industry only creates work for women as prostitutes and hotel maids. In an April 6 lecture at the University of Pittsburgh, biologist Sandra Steingraber of New Yorkers Against Fracking described the fight over oil and natural gas development as a feminist issue. Fracking as an industry serves men. Ninety-five percent of the people employed in the gas fields are men. When we talk about jobs, were talking about jobs for men, and we need...
  • 5 years after BP spill: What's changed in offshore drilling

    04/20/2015 12:53:05 PM PDT · by Citizen Zed · 3 replies
    eaglefordtexas.com ^ | 4-20-2015 | Cain Burdeau | The Associated Press
    NEW ORLEANS As oil gushed from BPs ruptured well five years ago and public outrage built by the day, the Obama administration issued a six-month moratorium on drilling in the Gulf of Mexico. When the well was finally capped after nearly three months, political and industry pressure mounted on the White House to lift the ban, which it did about a month earlier than planned. Since then, oil and gas drilling Gulf has bounced back strongly and the number of deep-water drilling rigs has actually increased from 35 to about 48. Drillers are pushing into even deeper water and...
  • County Pushes Stop Button on Wind Development

    04/20/2015 11:43:34 AM PDT · by MichCapCon · 13 replies
    Michigan Capitol Confidential ^ | 4/17/2015 | Jack Spencer
    Local officials at Michigans ground zero for wind energy are telling wind developers enough is enough. Huron County has 328 wind turbines, more than all of the other Michigan counties combined. But it has just enacted a moratorium on any additional ones until stricter regulations for industrial wind turbines can be put in place. What this means is no turbines for people who dont want them, Huron County Commissioner John Nugent said. The people who want them can still have them as long as it doesnt adversely affect their neighbors. At its final March meeting the Huron County Commission voted...
  • Bill to Standardize Drillings Setbacks Passes Texas House

    04/20/2015 9:45:18 AM PDT · by thackney · 2 replies
    Rig Zone ^ | April 17, 2015 | Deon Daugherty|
    Legislation to set standards for cities that wish to regulate the oil and gas drilling within their city limits passed the Texas House Friday with more than two-thirds approval. House Bill 40 heads to the Texas Senate Monday, where, if it can sustain the momentum thats carried it this far, could soon become law. And thats got some special interests groups in a tizzy. If some Austin lawmakers are successful, oil and gas drilling could be coming to a school, playground of daycare center near you, wrote Luke Metzger, director of Environment Texas in an opinion piece published in the...
  • Upstart Siluria Technologies Turns Shale Gas Into Plastics And Gasoline

    04/20/2015 5:29:34 AM PDT · by thackney · 14 replies
    Forbes ^ | 4/14/2015 | Christopher Helman
    Siluria Technologies new ethylene plant is a 4-story-tall maze of pipes and valves and pressure vessels. If it were a standalone plant it might be impressive. But this one is tucked in among dozens of giant petrochemical complexes along the Houston Ship Channel and situated within a larger polypropylene site operated by Brazilian chemicals giant Braskem So how does this facility stand out? Because its unique. All the rest of the worlds ethylene is made the old-fashioned way: by breaking apart larger hydrocarbons such as naphtha (sourced from crude oil) or ethane (found in natural gas). In contrast, Silurias technology...
  • Georgia Slams Brakes on Electric Cars

    04/20/2015 5:25:42 AM PDT · by thackney · 19 replies
    Government Technology ^ | APRIL 14, 2015 | ANDRIA SIMMONS
    Did Georgia just pull the plug on the electric car market? Many people are wondering after state legislators voted to eliminate a tax credit that last year helped catapult metro Atlanta to the highest U.S. market share for plug-in electric vehicles. The same bill will impose a $200 registration fee -- the nation's highest -- on noncommercial EVs. When the governor signs the bill, as expected, Georgia will go from first to worst on its support for the EV market. The electric vehicle tax credit ends June 30; the EV fee starts the next day. Local car dealers say they're...
  • EOG has lions share of 900 North Dakota wells awaiting fracking

    04/20/2015 5:21:24 AM PDT · by thackney · 10 replies
    Bakken.com ^ | April 16, 2015 | Ernest Scheyder
    Oil producer EOG Resources Inc has the lions share of an estimated 900 North Dakota wells waiting to be fracked, according to state data, showing that even major oil titans are mothballing operations while they hope for a rebound in oil prices. For months the conventional wisdom in North Dakotas Bakken shale formation had been that smaller producers with weak cash flow comprised the bulk of that estimate. While the estimate had been published monthly, it was not clear until a Tuesday update from the states Department of Mineral Resources (DMR) who was dominating the list. Oilfield service companies have...
  • Texas chemical company eyes another in-state methanol unit

    04/20/2015 5:18:26 AM PDT · by thackney · 1 replies
    Fuel Fix ^ | April 17, 2015 | Rhiannon Meyers
    Celanese Corp. is considering expanding its South Texas chemical plant to produce methanol, the company has announced. Building a methanol unit at the plant in Bishop near Corpus Christi would be the latest move by the Dallas-based chemical company to capitalize on an abundance of cheap U.S. shale gas. Celanese has been building a new methanol unit in Clear Lake, southeast of Houston under a joint venture with Mitsui & Co., one of Japans largest generally traded companies. The project, which should be finished by October, will have the capacity to produce 1.3 million tons of methanol per year. Made...
  • Gas-Line Explosion in Fresno Injures Multiple People, Shuts Down Highway 99

    04/17/2015 6:39:25 PM PDT · by BenLurkin · 12 replies
    At least five people were rushed to the hospital with burns after a major gas line explosion at the Fresno County Sheriffs Office gun range, a department official said. The blast occurred about 2:30 p.m. behind the range in an area under construction, said Lt. John Zanoni. The injured did not include Sheriffs Office employees, he said. No firearms were involved in the explosion. Fresno Fire Department spokesman Pete Martinez said witnesses reported a ball of fire that burned multiple people.