Keyword: naturalgas

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  • Septermber 17, News on situation in Ukraine.

    09/16/2014 9:28:01 PM PDT · by No One Special · 8 replies
    Elena Filatova's Website ^ | September 17, 2014 | Elena Filatova
    So, what is real situation in Ukraine? On the paper (officially) there is cease-fire, but if you look at the map you'll see they make idiots of all people who believe them. If it is truce I wonder what war will be like? Putin waiting for winter and already keep cutting gas to EU. With cold gas flow to Ukraine will stop. There is few things one need to know about energy balance in Ukraine. Around 70% of all energy in Ukraine produced from coal, natural gas and oil. Now see, almost all coal mines located in war zone, so...
  • Landmark fracking study finds no water pollution

    09/16/2014 1:43:10 PM PDT · by Olog-hai · 14 replies
    Associated Press ^ | Sep 16, 2014 3:05 PM EDT | Kevin Begos
    The final report from a landmark federal study on hydraulic fracturing, or fracking, found no evidence that chemicals or brine water from the gas drilling process moved upward to contaminate drinking water at a site in western Pennsylvania. The Department of Energy report, released Monday, was the first time an energy company allowed independent monitoring of a drilling site during the fracking process and for 18 months afterward. After those months of monitoring, researchers found that the chemical-laced fluids used to free gas stayed about 5,000 feet below drinking water supplies. Scientists used tracer fluids, seismic monitoring, and other tests...
  • Spectra Energy announces $3 billion New England project

    09/16/2014 10:34:05 AM PDT · by thackney · 5 replies
    Fuel Fix ^ | September 16, 2014 | Ryan Holeywell
    Spectra Energy Corp. announced a $3 billion expansion to its New England pipeline network which it says will help meet growing demand for natural gas in the region. The undertaking will allow Houston-based Spectra and its partners to deliver 1 billion cubic feet of natural gas per day to the area, the company said. The project will serve both gas-fired power plants as well as customers who use natural gas for heating. “This is another step in our commitment to improving power system reliability, reducing electric costs to make the region more economically competitive, and protecting New England’s quality of...
  • Weak Wells Not Fracking Caused US Gas Leaks Into Water

    09/16/2014 6:12:51 AM PDT · by lbryce · 19 replies
    BBC ^ | September 15, 2015 | Matt McGrath
    A new study suggests that the contamination of drinking water by shale gas is due to faulty wells and not hydraulic fracturing. Researchers in the US analysed the gas content in 130 water wells in Pennsylvania and Texas. They were able to trace the methane found in the water to problems with the casing or lining of wells drilled to extract the gas. The report appears in the Proceedings of the National Academy of Sciences. In many parts of the US, the migration of gas into drinking water has raised questions about the fracking process.
  • Barnet Shale still alive

    09/12/2014 6:12:36 AM PDT · by q_an_a · 7 replies
    Dallas Business Journal ^ | 9.10.2014 | Nicholas Sakelaris
    The Barnett Shale generates $11.8 billion in gross product per year and 107,650 permanent jobs for North Texas, according to economist Ray Perryman.
  • Eastern Europe Braces for Energy Shortages as Russian Gas Flows Fall

    09/12/2014 5:20:30 AM PDT · by McGruff · 18 replies
    The Wall Street Journal ^ | Sept. 12, 2014 | Sean Carney
    A fall in gas flows from Russia to two Eastern European countries this week has sent a chill through the region as it prepares for possible energy shortages this winter. Slovakia's gas distributor SPP said Thursday its daily gas intake from Russia fell 10% below contracted levels starting late Wednesday. Polish gas company PGNiG said its gas flows from Russia had fallen 45% below its contracted daily volumes by Thursday.
  • Poland sees sharply lower gas supplies from Russia

    09/10/2014 9:01:47 AM PDT · by tcrlaf · 63 replies
    Reuters ^ | 9-10-2014 | Adrian Krajewski
    Poland said on Wednesday the volume of gas it has received so far this week from Russian gas monopoly Gazprom was down by at least 20 percent. Some European countries believe Moscow may use a disruption of gas to Europe as a trump card in its confrontation with the West over Ukraine. The row has already dragged ties between Moscow and the West down to their worst since the Cold War. Ukraine's gas transport monopoly Ukrtransgaz was quoted by a Russian news agency as saying Gazprom was limiting flows to Poland to disrupt supplies of gas in the opposite direction,...
  • Recognizing The Golden Age Of Texas Oil And Gas While We're In It

    09/10/2014 5:24:53 AM PDT · by thackney · 8 replies
    Forbes ^ | 9/09/2014 | David Blackmon
    James Lebas, former chief revenue estimator for the Texas Comptroller’s office, made news recently when he told the state’s House Committee on Energy Resources that, working with the Comptroller’s office, he had determined that output from the oil and natural gas industry now accounts for fully one-third of the entire Texas economy. Given that the Texas economy would rank 12th among all nations on earth, that’s an amazing amount of economic activity for one industry to provide. Yet, it should not surprise anyone who has really been paying attention to the phenomenal boom the industry has undergone in Texas since...
  • Boom in Energy Spurs Industry in the Rust Belt

    09/10/2014 5:14:03 AM PDT · by thackney · 13 replies
    NY Times ^ | SEPT. 8, 2014 | NELSON D. SCHWARTZ
    Waist-high weeds and a crumbling old Chevy mark the entrance to a rust-colored factory complex on the edge of town here, seemingly another monument to the passing of the golden age of American industry. But deep inside the 14-acre site, the thwack-thwack-thwack sound of metal on metal tells a different story. “We’re holding our own,” said Greg Hess, who is looking to hire draftsmen and machine operators at the company he runs, Youngstown Bending and Rolling. “I feel good that we saved this place from the wrecking ball.” The turnaround is part of a transformation spreading across the heartland of...
  • EU Threatens New Sanctions; Russia Responds with Threats on Natural Gas

    09/09/2014 9:52:55 AM PDT · by Kaslin · 64 replies
    Townhall.com ^ | September 9, 2014 | Mike Shedlock
    The tit-for-tat sanction madness in Europe took a huge leap forward today with new sanctions in the work on Russian energy companies. Russia responded by threatening to restrict commercial flights over its airspace, by threatening to halt reverse flows of natural gas to Ukraine, and with a threat to reduce gas delivery to Europe.
  • Rosneft Struggles To Grow As Sanctions Hit Russia's Oil Champion

    09/09/2014 8:59:51 AM PDT · by thackney · 2 replies
    Reuters via Rig Zone ^ | September 09, 2014 | Katya Golubkova, Soldatkin & Dmitry Zhdannikov
    ...faces unprecedented challenges to its long-term expansion and modernization plans.... Last week Rosneft said it would cut staff to reduce costs: Kommersant business daily said Rosneft's Moscow headquarters would see cuts of up to 25 percent from the current 4,000. These would be the first significant job losses at a company that swelled via the acquisition of rivals such as YUKOS, pushed into bankruptcy some ten years ago by the government of President Vladimir Putin. Since then Rosneft's output has risen 10-fold to exceed 4 million barrels per day or four percent of global supply. But last week it reported...
  • Israel looks to Texas for energy investment, expertise

    09/09/2014 5:45:53 AM PDT · by thackney · 1 replies
    Fuel Fix ^ | September 9, 2014 | FuelFix.com
    Israel is hoping to lure U.S. exploration and production companies to take advantage of its new offshore opportunities. So far, Houston’s Noble Energy is the only U.S. player there, after its discovery of major gas fields below the Mediterranean Sea. Reporter Rhiannon Meyers details how Israel is searching for inspiration and expertise in Texas. “Ultimately, Texas is the hub of the global oil and gas industry,” Joshua Beagelman, who is organizing the nation’s first international oil and gas conference in the fall, told her.
  • U.S. Natural-Gas Exports Fuel Mexican Manufacturing Boom

    09/08/2014 6:53:28 AM PDT · by thackney · 11 replies
    Wall Street Journal ^ | Sept. 7, 2014 | ERIN AILWORTH
    The growing glut of U.S. natural gas is helping to power a manufacturing boom in Mexico. Natural-gas exports across the southern border have risen 11% so far this year, to two billion cubic feet a day, according to Bentek Energy, an analytics company based in Denver. And that flow of gas could double in the next few years, analysts say. Companies have announced plans for at least seven new pipelines to take gas across the border from Texas and Arizona, including one expected to start transporting fuel at the end of the month. The increasing flow of gas is easing...
  • Under Putin's gaze, Gazprom starts mega-pipeline to China

    09/08/2014 12:37:53 AM PDT · by RC one · 1 replies
    UK Reuters ^ | 9/1/14 | Vladimir Soldatkin
    (Reuters) - President Vladimir Putin on Monday oversaw the start of construction on a giant pipeline that is due to ship $400 billion (240.78 billion pounds) worth of Russian gas to China in the three decades after flows begin in 2019.The 4,000 km (2,500 mile) "Power of Siberia" pipeline, being built by state-controlled Gazprom (GAZP.MM), forms a key part of the Kremlin's energy strategy, symbolising Russia's attempts to wean itself off dependence on European markets that account for most of its exports."Just now, we along with our Chinese friends are starting the biggest construction project in the world," Putin told...
  • Next LNG steps approved {LNG for Alaska consumption, not exports}

    09/05/2014 8:06:09 AM PDT · by thackney · 14 replies
    Petroleum News ^ | September 07, 2014 | Alan Bailey
    AIDEA board OKs early work, concession for North Slope plant for Interior supplies On Aug. 25 the board of the Alaska Industrial and Export Authority passed a couple of resolutions that move forward a project to build a liquefied natural gas plant on the North Slope, for the supply of natural gas to Fairbanks and the Alaska Interior. One resolution authorizes AIDEA to spend $1.6 million, in addition to an existing commitment of $4.5 million, for the early procurement of long lead-time items needed for the plant, while the engineering and design work for the plant is still in progress....
  • The US Shale Experience: A Script for Mexico?

    09/04/2014 10:18:40 AM PDT · by thackney · 12 replies
    Forbes ^ | 9/03/2014 | Kenneth B Medlock III
    The ongoing energy reform in Mexico has been touted as opening the possibilities for a massive production increase from shale formations in the Burgos and Sabinas basins, largely because the assessments of technically recoverable resources reported by the US Energy Information Administration are so substantial. But, we should be careful not to put the proverbial “cart in front of the horse.” Specifically, as the US success story shows, although the geology (the cart in this case) might be very promising, there are a number of above ground issues (the horse) that must be aligned for large-scale successes to be realized....
  • New Englanders Oppose Proposed Pipeline — And The Tariff To Pay For It

    09/04/2014 5:03:43 AM PDT · by thackney · 21 replies
    Mint Press ^ | September 2, 2014 | Phil Zahodiakin
    A proposal to build a pipeline from the fracking fields of Pennsylvania to eastern Massachusetts by late 2018 is sparking concern among many property owners in the path of the pipe. But there’s a twist to this evolving story: a proposed surcharge added to electric bills that would force every ratepayer in New England to help pay for the interstate pipeline, which is expected to cost $2 billion to $6 billion. The route proposed for the pipeline’sMassachusetts segment runs through dense forests, wetlands and small towns in the northern tier of the state. Alternative routes, or modifications to the northern...
  • Colorado buys natural gas vehicles for facilities with no nearby fueling stations

    09/03/2014 11:20:05 PM PDT · by george76 · 8 replies
    Watchdog ^ | September 2, 2014 | Arthur Kane
    Colorado has so far spent $8 million in taxpayer money on nearly 240 compressed natural gas vehicles, with dozens of them stationed in places where there is no compressed natural gas filling stations, Watchdog.org has learned. And the state expects to buy more CNG vehicles, costing $7,000 to $11,000 more than comparable gasoline-fueled vehicles, in the 2015 fiscal year. Many of them are destined for state facilities that also have no current CNG filling station nearby, state records show. Because of the lack of fueling stations, state workers apparently continue to run many of the vehicles on more expensive gasoline,...
  • Problems for natural gas trucks go beyond fueling

    09/03/2014 10:50:00 PM PDT · by george76 · 8 replies
    Watchdog ^ | September 3, 2014 | Arthur Kane
    In addition to the fueling problem, workers for Colorado’s Department of Natural Resources and Colorado Parks and Wildlife may have difficulties doing their jobs because of Compressed Natural Gas fuel tanks on trucks, ... When state fleet was pushing CPW to buy the vehicles, there were concerns for the employees out in the field. “That is additional cost to the agency and inefficiency,” CPW fleet manager Michelle Arnold wrote in January 2013. “The decreased hauling capacity because of CNG fueling tanks in the back of the bed of the pickups is going to severely limit if not totally preclude the...
  • U.S. Now World's Leading Natural Gas Producer

    09/03/2014 6:10:38 AM PDT · by thackney · 8 replies
    Desert Sun ^ | September 2, 2014 | Morris Beschloss
    Link only, not even except allowed for Gannett sources
  • Oil, Gas Companies Laying Groundwork for the Internet of Things

    09/02/2014 12:10:45 PM PDT · by thackney · 5 replies
    Rig Zone ^ | September 02, 2014 | Karen Boman
    At this stage, companies are building programs internally to address how they will adopt Internet of Things technologies and how to get the most benefits in terms of managing risks, reducing costs and bringing in new revenues, said Serhii Konovalov, who leads Cisco’s O&G Global Industry Solutions Practice and O&G Innovations, in an interview with Rigzone. Officials with Software AG are also seeing oil and gas companies starting to lay the framework and mapping their business processes to prepare their organizations for Internet of Things monitoring solutions. Software AG, which focuses on helping companies, including oil and gas companies, become...
  • Dominion, Duke, Piedmont and AGL Form Joint Venture to Own Proposed Atlantic Coast Pipeline

    09/02/2014 7:52:49 AM PDT · by thackney · 9 replies
    Dominion News ^ | Sep 2, 2014 | Dominion News
    Full Title: Dominion, Duke Energy, Piedmont Natural Gas and AGL Resources Form Joint Venture to Own Proposed Atlantic Coast Pipeline - $4.5 billion-$5 billion pipeline would bring 1.5 billion cubic feet of natural gas per day to North Carolina and Virginia - 'Transformational' project provides growing Mid-Atlantic markets a new route for access to competitive, domestic energy supplies - Investment would create thousands of jobs, promote economic development and cleaner air, increase state and local tax revenue - Pipeline expected to be in service by late 2018, pending regulatory approvals Four major U.S. energy companies – Dominion (NYSE: D), Duke...
  • Fracking report clears way for California oil, gas leasing to resume

    08/29/2014 7:15:32 AM PDT · by thackney · 15 replies
    LA Times ^ | 8/28/2014 | JULIE CART
    The federal government will resume oil and gas leasing in California following a report released Thursday that found little scientific evidence that fracking and similar extraction techniques are dangerous. The Bureau of Land Management said the report — and additional environmental reviews — will allow it to begin leasing on public land next year. The announcement is welcome news for energy companies that have been shut out of the oil-rich San Joaquin Valley and Central Coast. But critics, including environmental organizations whose lawsuits led to a judge's order to halt leasing last year, said the analysis was rushed by the...
  • Exclusive: Morgan Stanley plans natural gas export plant in new commodities foray {CNG}

    08/29/2014 7:04:41 AM PDT · by thackney · 3 replies
    Reuters ^ | Aug 29, 2014 | ANNA LOUIE SUSSMAN
    Morgan Stanley has quietly filed plans to build and run one of the first U.S. compressed natural gas export facilities, the first sign the bank is plunging back into physical commodity markets even as it sells its physical oil business. In a 23-page application to the U.S. Department of Energy's Office of Fossil Energy submitted in May, the Wall Street bank outlined a proposal to build, own and operate a compression and container loading facility near Freeport, Texas, which will have capacity to ship 60 billion cubic feet a year of compressed natural gas (CNG). While the size of the...
  • Drilling Furiously: Chinese Energy Giants Turn Upbeat on Shale Gas

    08/29/2014 5:23:49 AM PDT · by thackney · 4 replies
    Reuters via Rig Zone ^ | August 29, 2014 | Charlie Zhu
    China's energy heavyweights Sinopec Corp and PetroChina have upgraded their outlook on the country's shale gas industry, citing steadily declining costs, but stopped short of predicting a near-term boom. China, estimated to hold the world's largest technically recoverable shale resources, is hoping to replicate the shale boom that has transformed the energy landscape of the United States. Industry experts caution that it would be much more difficult for China to monetise its shale gas reserves than the U.S. as it faces serious challenges from water shortages to complicated geological structure and a lack of infrastructure. But top executives at China's...
  • Kemp: Free Cash Flow Says Little About The Future Of Shale

    08/28/2014 12:48:01 PM PDT · by thackney · 2 replies
    Reuters via Rig Zone ^ | August 28, 2014 | John Kemp
    The independent companies at the forefront of the U.S. shale boom will finally earn enough from selling oil and gas to cover their capital expenditures next year, for the first time since 2008. Free cash flow, which measures operating cash flow minus capital spending, for the 25 leading independent oil and gas producers is expected to show a surplus of $2.4 billion in 2015, according to a consensus forecast in the Financial Times. That compares with a shortfall of around $9 billion in 2013 and $32 billion in 2012. ("Shale oil and gas producers' finances lift growth hopes" FT, Aug...
  • Pickens: Pennsylvania natural gas production approaching that of Texas

    08/27/2014 5:55:28 AM PDT · by thackney · 13 replies
    Pittsburgh Business Times ^ | Aug 25, 2014 | Sam Kusic
    The oil and gas industry is the most dynamic industry in the U.S. and will remain so for a long time, according to T. Boone Pickens, chairman of BP Capital Management, who spoke Monday during Gov. Tom Corbett's Jobs 1st Summit in Pittsburgh. "What an opportunity for our country with 30 of our states being producing states," he said. Pickens said the country should take advantage of its energy resources and convert its fleet of commercial heavy-duty trucks over to natural gas. And it should form a strategic energy alliance with Canada and Mexico. Those two things he said could...
  • Slow Going for Natural-Gas Powered Trucks

    08/26/2014 6:14:13 AM PDT · by thackney · 38 replies
    Wall Street Journal ^ | Aug. 25, 2014 | BOB TITA
    ...Higher purchase prices compared with diesel trucks, improved diesel fuel economy and continued scarcity of fueling stations are damping natural-gas-powered truck demand. About 10,480 of the heavy-duty trucks are expected to be sold this year, up 20% from the 8,730 sold last year, according to Power Systems Research. However, some forecasters had expected sales to about double to 16,000 vehicles this year amid the trucking industry's enthusiasm for natural gas a year ago. What happened? A big roadblock remains the premium for a heavy-duty gas truck—$50,000 more than the about $150,000 for a new diesel-powered truck. In theory, the payback...
  • Inside North Dakota's latest fracking problem

    08/25/2014 3:41:20 PM PDT · by Lorianne · 26 replies
    CNBC/Reuters ^ | 22 August 2014 | Brad Quick | Morgan Brennan
    From his driveway, Tom Wheeler's view of North Dakota's sprawling grasslands seems endless. Fields of soy, wheat and canola stretch to the horizon in all directions. But as drillers flock to the state to cash in on North Dakota's booming shale play, that horizon has become increasingly marked by natural gas flares. Flaring is the burning of natural gas that can't be processed or sold. All those flares, meanwhile, are adding up. They burn so brightly that NASA astronauts have taken pictures of their glow from space. For some landowners like Wheeler, it's not the noise or light pollution that...
  • 'Widespread methane leakage' from ocean floor off US coast

    08/24/2014 6:59:06 PM PDT · by NormsRevenge · 62 replies
    BBC News ^ | 8/24/14 | Matt McGrath
    Researchers say they have found more than 500 bubbling methane vents on the seafloor off the US east coast. The unexpected discovery indicates there are large volumes of the gas contained in a type of sludgy ice called methane hydrate. There are concerns that these new seeps could be making a hitherto unnoticed contribution to global warming. The scientists say there could be about 30,000 of these hidden methane vents worldwide. Previous surveys along the Atlantic seaboard have shown only three seep areas beyond the edge of the US continental shelf.
  • Petroleum Engineers See Highest Increase in Median Average Salary

    08/21/2014 12:00:52 PM PDT · by thackney · 1 replies
    Rig Zone ^ | August 21, 2014 | Karen Boman
    Petroleum engineers experienced the highest increase in median annual salary since 2011, according to a recent report from the American Geosciences Institute (AGI). In 2013, the median average salary for petroleum engineers was $132,000, and had increased by more than $10,000 since 2011, according to the Aug. 12 report, which quoted data from the U.S. Bureau of Labor Statistics. Since 2011, all geoscience occupations – with the exception of atmospheric and space scientists, geographers, environmental science and protection technicians, engineering postsecondary teachers, and atmospheric, earth, marine and space sciences post-secondary teachers – recorded increases in their median annual salaries, while...
  • Turn natural gas into gasoline for $1 per gallon

    08/21/2014 8:50:09 AM PDT · by ckilmer · 73 replies
    peakoil.com ^ | August 21, 2014
    Turn natural gas into gasoline for $1 per gallon The clear liquid flowing from a collection of pipes and wires in a Hayward industrial park smells just like gasoline, and for all practical purposes, it is.But it wasn’t made from crude oil. Instead, it came from natural gas, the fuel whose sudden abundance in America is reshaping the country’s energy landscape.Siluria Technologies says it can produce large quantities of gasoline, diesel, jet fuel and chemicals at a lower cost than traditional refineries and chemical plants. At today’s natural gas prices, Siluria’s technology could make gasoline at roughly $1 per gallon, according to...
  • Ukraine 'may cut Russia energy for Europe'

    08/14/2014 4:51:52 AM PDT · by thackney · 9 replies
    The Australian ^ | AUGUST 10, 2014 | DPA
    Ukraine has warned it might cut Russian oil and gas flows to Europe and ban Russian airlines from crossing its airspace, as Moscow criticised the country for suspending a ceasefire at the crash site of MH17. The measures are part of a sanctions bill targeting Russia that will be submitted to parliament, Prime Minister Arseniy Yatsenyuk said in Kiev. Yatsenyuk explained it could include complete or partial bans on transit of all manner of resources, including energy resources and overflights. Ukraine is the key country for the transport of Russian oil and gas to Europe. Previous energy disputes have resulted...
  • Ukraine Promises Smooth Russian Gas Transit to Europe

    08/12/2014 11:28:17 AM PDT · by thackney
    Rig Zone ^ | August 11, 2014 | Reuters
    kraine state gas grid Naftogaz said it would continue uninterrupted pumping of Russian gas exports to Europe through its territory even if Ukraine imposes its own sanctions on Russia. "Naftogaz affirms its readiness to continue smooth transit of natural gas to European consumers," Chief Executive Andriy Kobolev said in a statement on Monday. Ukraine Prime Minister Arseny Yatseniuk said last week that parliament would debate sanctions against Russia on Tuesday, which could include bans on Russian gas and sanctions against Russian banks. Russia halted gas supplies to Ukraine in June due to disagreements over pricing, but Russian gas transit through...
  • Douglas-Westwood: 'Australian LNG - A Lost Cause?'

    08/12/2014 5:19:09 AM PDT · by thackney · 4 replies
    Fuel Fix ^ | August 12, 2014 | Douglas-Westwood
    Douglas-Westwood, a UK-headquartered provider of energy business strategy, research and commercial due-diligence services, commented on "Australian LNG - A Lost Cause?" in its latest edition of DW Monday. DW MONDAY: "AUSTRALIAN LNG - A LOST CAUSE?" Recent news headlines on the liquefied natural gas (LNG) sector in Australia seem to be centered around its unsustainable rising costs. Woodside Petroleum had to ditch plans last year for its Browse LNG plant, which had gone way over budget at an estimated cost of $80 billion. In the interest of continuing the development, Woodside and its partners have now turned to floating LNG...
  • Ukraine may force changes in Russian gas transit to Europe.

    08/11/2014 6:48:17 PM PDT · by wetphoenix · 13 replies
    Reuters via Yahoo! ^ | Pavel Polityuk
    KIEV (Reuters) - Ukraine said European companies would have to agree on a major revision of gas contracts with Russia if Kiev imposes sanctions on Moscow and Gazprom, a measure that may lead to disruption in gas transit to Europe. Ukraine Prime Minister Arseny Yatseniuk said last week that parliament would debate sanctions against Russia on Tuesday, which could include bans on Russian gas and sanctions against Russian banks. Ukraine gas grid Naftogaz said on Monday that the sanctions could limit or even exclude some companies from piping gas through the country, which would allow other firms to take over...
  • Does the Ukrainian Crisis Revolve Around This Pipeline?

    08/11/2014 9:11:33 PM PDT · by Mount Athos · 3 replies
    whowhatwhy.com ^ | Jul 23, 2014 | Sylvia Todorova
    Now that all eyes are on Ukraine and the potential of a bigger war looms, there’s never been a more important time to understand what is at stake. As WhoWhatWhy readers know, the real reasons surrounding a conflict are often buried under the headlines and rhetoric. So it shouldn’t come as any surprise that, behind the scenes, oil and natural gas are driving a big piece of the U.S. response to Russian involvement in Ukraine. If you want to understand where the rubber meets the geopolitical road in the Ukraine war, you need to learn about the 1,480-mile South Stream...
  • Obama opens rift with greens: Moving toward opening the Atlantic Ocean to drilling

    08/11/2014 2:22:45 PM PDT · by SeekAndFind · 5 replies
    The Hill ^ | 08/11/2014 | Laura Barron Lopez
    President Obama is moving toward opening the Atlantic Ocean to drilling in a major shift in U.S. policy that cuts against the administration's efforts to reduce global warming. Environmental groups applauding the president's pursuit of new power plant rules meant to reduce climate change are now preparing for a major battle over authorizing drilling in the Atlantic, and possibly the Arctic and Pacific oceans. President Obama is moving toward opening the Atlantic Ocean to drilling in a major shift in U.S. policy that cuts against the administration's efforts to reduce global warming. Environmental groups applauding the president's pursuit of new...
  • Kinder Morgan to unite a house divided in $44 billion deal

    08/11/2014 5:27:27 AM PDT · by thackney · 5 replies
    Fuel Fix ^ | August 10, 2014 | Collin Eaton
    Houston billionaire Richard Kinder is fusing all the pieces of his fragmented pipeline empire into one company, Kinder Morgan Inc., in a $44 billion transaction that ranks among the largest in U.S. history. In a move that would end nearly two decades of delegating its main operations to subordinate firms, Houston-based Kinder Morgan said Sunday it is planning to buy out three companies it controls indirectly for $44 billion in cash and stock, bringing its network of North American pipelines and energy storage terminals under one corporate roof. It also will assume $27 billion in debt. Taken together, the three...
  • Companies take a big step toward LNG export plant in Louisiana

    08/08/2014 11:16:42 AM PDT · by thackney · 9 replies
    Fuel Fix ^ | August 7, 2014 | Ryan Holeywell
    Sempra Energy, GDF Suez and other investors in the Cameron LNG project have made their final investment decision on the project and intend to move forward with it, the companies announced this week. The facility will be located at Sempra Energy’s existing Cameron LNG import terminal in Hackberry, La. It is expected to cost around $10 billion. “Today’s commitments from our project sponsors and international banks put us one step closer to delivering domestic natural gas to America’s trading partners in Europe and Japan,” Sempra LNG president Octavio M.C. Simoes said in a statement. The facility will have three liquefaction...
  • Battle of the Fuels: Will Natural Gas Replace Diesel?

    08/08/2014 4:28:32 AM PDT · by thackney · 22 replies
    Motely Fool ^ | July 28, 2014 | Jonathan Cook
    The U.S. Energy Information Administration (EIA) administrator, in his March report to the Committee on Energy and Natural Resources of the U.S. Senate, stated that EIA analysis shows that during the next 25 years, natural gas will grow dramatically in use by freight trucking and other commercial transportation modes. Source: EIA, Annual Energy Outlook 2014.The New York Times profiled the freight truck natural gas conversion process in an April 2013 article and recently reported plans by the Obama Administration to impose tough new fuel efficiency standards for big trucks, potentially reducing diesel's competitiveness.In addition, NGV Today, the publication for the...
  • Ukraine Will Destroy Itself w/o Russia

    08/08/2014 4:17:08 AM PDT · by thackney · 17 replies
    Real Clear Energy ^ | August 8, 2014 | James Stafford
    Ukraine doesn’t need Russia to take it down—Kiev is doing fine destroying itself, most recently with a new tax code that doubles taxes for private gas producers and promises to irreparably cripple new investment in the energy sector at a time when reform and outside investment were the country’s only hope. Ukrainian President Petro Poroshenko on August 1 signed off on a new tax code that effectively doubles the tax private gas producers in Ukraine will have to pay, calling into question any new investment, as well as commitment from key producers already operating in the country. The stated goal...
  • Mexican lawmakers approve overhaul ending Pemex monopoly

    08/07/2014 12:23:57 PM PDT · by thackney · 12 replies
    Fuel Fix ^ | August 6, 2014 | Robert Grattan
    The Mexican Congress has passed sweeping legislation intended to revitalize the country’s anemic energy industry by opening it to private competition and ending a 75-year state monopoly. After weeks of debate and a constitutional amendment, legislators approved this week the majority of the new laws and are expected to finalize the remaining items in the coming days. The energy overhaul is the most sweeping of a broad set of economic measures promised by Mexican President Enrique Peńa Nieto. Mexico’s oil and gas industry has been largely left out of the latest oil boom, despite the general consensus that the country...
  • Marcellus Region’s natural gas production reaches record high

    08/05/2014 8:44:47 PM PDT · by shove_it · 3 replies
    FuelFix/ ^ | 5 Aug 2014 | Robert Grattan
    HOUSTON — Natural gas production in the Marcellus Region exceeded 15 billion cubic feet per day in July, the most productive period ever recorded there, according to a government analysis. The Marcellus Region, located largely in West Virginia and Pennsylvania, now accounts for almost 40 percent of U.S. shale gas production. The field’s rapid growth has had a major effect on the surrounding markets for gas and isn’t expected to ebb soon, according to the U.S. Energy Information Administration. The Marcellus Region’s natural gas productivity has surged since 2010, when production totaled 2 billion cubic feet per day. New wells...
  • Marcellus Region production continues growth

    08/05/2014 5:04:27 AM PDT · by thackney · 2 replies
    Energy Information Administration ^ | 8/5/2014 | Energy Information Administration
    Natural gas production in the Marcellus Region exceeded 15 billion cubic feet per day (Bcf/d) through July, the first time ever recorded, according to EIA's latest Drilling Productivity Report. The Marcellus Region, mostly located in West Virginia and Pennsylvania, is the largest producing shale gas basin in the United States, accounting for almost 40% of U.S. shale gas production. Marcellus Region production has increased dramatically over the past four years, increasing from 2 Bcf/d in 2010 to its current level. The rig count in the Marcellus Region has remained steady at around 100 rigs over the past 10 months. Given...
  • Shale gas: 'The dotcom bubble of our times'

    08/04/2014 5:51:58 PM PDT · by Lorianne · 33 replies
    Telegraph (UK) ^ | 04 August 2014 | Tim Morgan
    On the one hand, many environmental and conservation groups are bitterly opposed to shale development. Ranged against them are those within and beyond the energy industry who believe that the exploitation of shale gas can prove not only vital but hugely positive for the British economy. Rather oddly, hardly anyone seems to have asked the one question which is surely fundamental: does shale development make economic sense? My conclusion is that it does not. That Britain needs new energy sources is surely beyond dispute. Between 2003 and 2013, domestic production of oil and gas slumped by 62pc and 65pc respectively,...
  • Small gas-to-liquids plant planned for former Houston power plant site

    08/04/2014 12:29:41 PM PDT · by thackney · 7 replies
    Fuel Fix ^ | August 4, 2014 | Rhiannon Meyers
    Biofuels Power Corp. plans to build a small-scale plant to convert natural gas to synthetic crude on a former power plant site south of downtown Houston as it looks to capitalize on abundant supplies of cheap natural gas, the company announced Monday. The gas-to-liquids plant is a pilot project, the first step in the Humble-based company’s plans to build several small plants at oil fields across the U.S. to capture and convert natural gas now stranded at well sites that don’t have processing or transportation infrastructure to carry the gas to market. Advances in hydraulic fracturing and horizontal drilling have...
  • Network Plans To Bring Shale Power To East Coast (Electricity)

    08/01/2014 11:19:49 PM PDT · by 2ndDivisionVet · 7 replies
    HARRISBURG, Pa. (AP) — PPL Corp. said Thursday it wants to spend billions of dollars to build a 725-mile system of electric transmission lines that will bring energy from the booming Marcellus Shale natural gas fields to customers on the heavily populated Eastern Seaboard. The Allentown-based utility said the 500-kilovolt line would span much of Pennsylvania and reach into New York, New Jersey and Maryland, although the route has not been determined. The cost was expected to exceed $4 billion, and it could take more than a decade to build....
  • Russia And Germany Allegedly Working On Secret "Gas For Land" Deal

    08/01/2014 12:28:39 PM PDT · by Lorianne · 17 replies
    Zero Hedge ^ | 31 July 2013 | Tyler Durden
    Thanks to the Independent, we may know the answer, and it is a doozy, because according to some it is nothing shy of a sequel to the Molotov-Ribbentrop pact: allegedly Germany and Russia have been working on a secret plan to broker a peaceful solution to end international tensions over the Ukraine, one which would negotiate to trade Crimea's sovereignty for guarantees on energy security and trade.
  • "We Cannot Continue The Operations There"- Shell Declares Force Majeure In Ukraine

    08/01/2014 7:14:03 AM PDT · by thackney · 7 replies
    Oil Pro ^ | 7/31/2014 | Fydor Przyborski
    Shell announced today that it has declared force majeure on its unconventional gas exploration activities in eastern Ukraine, near the site where flight MH17 crashed. However, it's too early to tell what impact the latest round of EU and US sanctions on Russia for its actions in Ukraine will have on the Anglo-Dutch major, sources said. Shell has been engaging in shale gas exploration in Ukraine and its Russian assets include a stake in Sakhalin-2, one of the largest LNG projects in the world, where it is working with Gazprom to expand the project. Shell CEO Ben van Beurden was...