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Keyword: naturalgas

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    07/17/2012 6:24:56 AM PDT · by shortstop · 13 replies ^ | 07/17/12 | Bob Lonsberry
    Do you know who Lord Browne is? Me neither. But he said something interesting the other day. At a recent energy conference in Britain, Lord Browne – the former CEO of British Petroleum – said that America would be energy independent by 2030. One of the most connected and knowledgeable energy men in the world said that the United States is less than 20 years away from being able to tell the Arabs to go pound salt. The Arabs, and all the rest of the oil producers. By 2030, we’ll be able to provide for ourselves when it comes to...
  • Energy Revolution 2: A Post Post-American Post (Important!)

    07/16/2012 6:02:36 PM PDT · by 2ndDivisionVet · 18 replies
    The American Interest ^ | July 15, 2012 | Walter Russell Mead
    Forget peak oil; forget the Middle East. The energy revolution of the 21st century isn’t about solar energy or wind power and the “scramble for oil” isn’t going to drive global politics. The energy abundance that helped propel the United States to global leadership in the 19th and 2oth centuries is back; if the energy revolution now taking shape lives up to its full potential, we are headed into a new century in which the location of the world’s energy resources and the structure of the world’s energy trade support American affluence at home and power abroad. By some estimates,...
  • Opinion: Column Overlooks Where 'Energy Boom' Is Occurring

    07/16/2012 5:55:24 AM PDT · by thackney · 6 replies
    Institute for Energy Research via Rig Zone ^ | July 13, 2012 | Thomas Pyle|
    Michael Levi's opinion piece, The American Energy Boom has a number of good points about U.S. energy production, but unfortunately contains some missteps as well. For example, Levi completely misapprehends the impact of President Obama on oil and natural gas production. But Levi gets the most important facts correct—we have a bright energy future. Levi's largest mistake in his recent op-ed is crediting President Obama for the increase in oil and natural gas production in the United States. As Levi writes, "Obama has presided over an extraordinary boom in oil and gas production. That fact alone suggests he isn't out...
  • Natural gas glut a dilemma for Obama

    07/16/2012 5:41:24 AM PDT · by thackney · 17 replies
    Fuel Fix ^ | July 16, 2012 | Dan X. McGraw
    The drilling boom that has led to a glut of natural gas and sent prices to 10-year lows is causing a quandary for the Obama administration, which is struggling to decide whether – and how much – the U.S. should share the bounty with foreign countries. Although the Energy Department recently approved Houston-based Cheniere Energy’s plans to begin exporting liquefied natural gas from its Sabine Pass terminal in southwest Louisiana, the government has put off verdicts on similar applications from at least seven other companies. Administration officials say they’ll make those decisions after they get the results of a study...
  • Study: EPA’s Probe Into Fracking’s Effect on Drinking Water Isn’t So Clean

    07/10/2012 5:35:30 PM PDT · by jazusamo · 16 replies
    PJ Media ^ | July 10, 2012 | Bridget Johnson
    PLUS: Celeb anti-frackers to descend on D.C. to demand Congress end the shale extraction technique altogether. An industry-funded independent investigation of the Environmental Protection Agency’s long-running probe into the effects of hydraulic fracturing found numerous flaws in everything from the EPA’s scope to its lack of consultation with oil and gas companies. “The study released today by Battelle—a highly respected independent science and technology organization—identifies numerous concerns with EPA’s ongoing hydraulic fracturing study,” said Rep. Andy Harris (R-Md.), chairman of the House Science, Space, and Technology Subcommittee on Energy and Environment. The 166-page Battelle study, submitted to the American Petroleum...
  • Baltic LNG Terminals Conditioned by Gas Sector Reform

    07/08/2012 11:10:48 PM PDT · by bruinbirdman
    Lithuania is forging ahead on natural gas sector reform and liquefied natural gas (LNG) access, outpacing other states in the region. In 2011, Lithuania became the first EU member country to adopt the Third Package of EU energy market legislation, choosing its most far-reaching version. This legislation requires Russian Gazprom to give up control of pipelines on Lithuanian territory (“unbundling”). In parallel with this, Lithuania may become the first among the EU’s “new” member countries to start operating an LNG terminal. It plans to install a Norwegian floating terminal at Klaipeda in 2014, which would break Gazprom’s supply monopoly in...
  • Apache’s airport deal may help natural gas take off

    07/06/2012 8:12:33 AM PDT · by thackney · 20 replies
    Fuel Fix ^ | July 6, 2012 | Kiah Collier
    Like many of its energy-producing peers, Houston’s Apache Corp. is trying to spur what it hopes will become a sweeping shift in the nation’s transportation fuel from black gold toward shale gas. In an effort to increase demand for the natural gas it produces by making the fuel more accessible to potential consumers, Apache paid about $1.3 million for a compressed natural gas station near Bush Intercontinental Airport, which began fueling the Houston Airport System’s fleet of 30 CNG-powered parking shuttles last month. The one-pump station on Greens Road is being operated and maintained under contract with the city by...
  • Analysis: Gas liquids glut may spur asset sales, cuts {earnings taking a hit, Ethane a weak link}

    07/05/2012 5:34:55 AM PDT · by thackney · 21 replies
    Reuters via Calgary Herald ^ | JULY 3, 2012 | ANNA DRIVER
    OUSTON — U.S. oil and gas companies that have depended on natural gas liquids to lift profits may now have to rein in spending or sell some assets after the industry drilled its way into a glut of natural gas liquids. Prolonged low natural gas prices sent most of the exploration and production industry in search of gas that contains butane, propane and ethane — natural gas liquids (NGLs) that can be stripped out and sold for higher prices linked to a barrel of crude oil. But so much had been produced that ethane is not even worth selling in...
  • Tropic Storm Debby shuts in oil and gas production

    06/25/2012 5:14:24 AM PDT · by thackney · 21 replies
    Fuel Fix ^ | June 24, 2012 at 2:53 pm | Laura Goldberg
    Offshore oil and natural gas operators in the Gulf of Mexico kept close watch on Tropical Storm Debby Sunday as they continued evacauting people from facilities and shutting down production. The U.S. Bureau of Safety and Environmental Enforcement said as of 11:30 am Sunday based on operators reports that about 22.7 percent of the current daily oil production in the Gulf of Mexico was shut-in. It also estimated that about 22.9 percent of the current daily natural gas production in the Gulf of Mexico had been shut-in. According to the U.S. Energy Information Administration, Gulf of Mexico oil production accounts...
  • Federal Judge Halts Huge Gas Drilling Project

    06/23/2012 5:26:11 AM PDT · by Olog-hai · 23 replies
    Newsmax ^ | Saturday, 23 Jun 2012 12:18 AM | (Via Reuters)
    A U.S. district judge ordered the U.S. Bureau of Land Management (BLM) on Friday to re-assess its plan to allow drilling on some 50,000 acres on the Roan Plateau, which the energy industry says contains one of the largest natural gas fields in the continental United States. Judge Marcia Krieger said BLM had failed to thoroughly assess all the environmental impact to the ecologically sensitive plateau in western Colorado before approving energy development on the mountain. "Like many areas of Colorado, the area has been blessed with an abundance of two major resources, the uses of which are often in...
  • Can the Natural Gas Sector Save the US Economy?

    06/21/2012 11:36:53 PM PDT · by neverdem · 48 replies ^ | 20 Jun 2012 | Shelly K. Schwartz
    It may not pique the public’s interest quite like finance or information technology, but it just could just save the U.S. economy. Indeed, the natural gas industry supports some 2.8 million jobs — either directly through companies engaged in exploration and drilling or indirectly through manufacturers that use the fuel as a raw material, according to the American Gas Association. The real potential for economic impact, however, lies in the vast reservoirs of shale gas that are newly accessible through hydraulic fracturing. Better known as “fracking,” the process involves extracting natural gas from shale rock layers deep within the Earth...
  • ExxonMobil set to begin Point Thomson construction {Alaska}

    06/19/2012 10:42:36 AM PDT · by thackney · 2 replies
    Alaska Journal of Commerce ^ | Jun 14, 2012 | TIM BRADNER
    ExxonMobil Corp. is set to begin construction this winter on its multi-billion-dollar gas cycling and condensate production project at Point Thomson on Alaska’s North Slope. That’s if a federal environmental impact statement, or EIS, is finalized by the U.S. Army Corps of Engineers, as is expected, ExxonMobil’s senior project manager Lee Bruce said. Materials for Point Thomson construction also started arriving at Seward the night of June 12, Bruce said. The company presented its plans to legislators at a meeting of the Senate Judiciary Committee in Anchorage June 12. The lineup of contractors on the project is like a “who’s...
  • USGS Releases New Estimates for Global O&G Reserves

    06/19/2012 5:22:58 AM PDT · by thackney · 16 replies
    Rig Zone ^ | June 18, 2012 | U.S. Geological Survey|
    The U.S. Geological Survey has released a new global estimate for potential additions to oil and gas reserves due to reserve growth in discovered fields outside the United States. The USGS estimates that the mean undiscovered, conventional reserve additions in the world total 665 billion barrels of oil (bbo), 1,429 trillion cubic feet (tcf) of natural gas, and 16 billion barrels of natural gas liquids. These volumes constitute a significant portion of the world’s oil and gas resources and represent an estimate of the potential future growth of current global reserve estimates over time based on better assessment methodology, new...
  • Study discounts fracking as earthquake cause

    06/18/2012 9:28:57 AM PDT · by thackney · 12 replies
    Reuters via Calgary Herald ^ | JUNE 16, 2012 | AYESHA RASCOE
    The fracking drilling technique used to tap shale oil and gas is unlikely to trigger earthquakes, but underground injection of wastewater from drilling offers more risks for seismic activity, a new U.S. study said Friday. The National Research Council study, which also examined the risk of earth-quakes associated with tap-ping geothermal energy and carbon capture and storage, found the total balance of fluid injected or removed underground was the biggest factor in causing earthquakes related to energy development. "Although induced seismic events associated with these energy technologies have not resulted in loss of life or significant damage in the United...
  • Lisa Jackson Blames Cheap Natural Gas for EPA’s Job-Killing Policies

    06/15/2012 10:34:17 AM PDT · by 92nina · 7 replies
    ATR ^ | 2012-06-14 | Lisa Jackson
    In a recent interview with The Guardian, EPA Administrator Lisa Jackson, stated that it is not her policies that are driving coal-fired power plants out of business, but rather organic changes in the American electricity market. Scapegoating natural gas, Jackson claims that low natural-gas prices and booming gas production are depressing coal consumption. But what Jackson fails to mention is that explicitly due to the EPA’s stringent regulations that some coal production is now non-econommical. The price coal-fired power plants would have to pay to comply with new, burdensome regulations is so expensive, that many coal mines are forced to...
  • Green Welfare, Green Taxes, Green Poverty

    06/14/2012 5:30:53 PM PDT · by CedarDave · 4 replies
    The American Spectator ^ | June 13, 2012 | Peter Ferrara
    What would you do if gangs of robbers roamed your neighborhood at night, breaking into your neighbors' houses and stealing their family jewels and life savings? You would arm yourself to defend your property. Or you would move to a safer neighborhood. But if the robbers formed gangs called Greenpeace, the Sierra Club, or the Natural Resources Defense Fund, and assaulted your standard of living, the Che Guevara Democrats expect you to greet them with open arms, and gleefully turn over bushels of your cash, until your life savings is gone, and your standard of living has been reduced to...
  • US could outproduce Russia, Saudi Arabia in oil and gas

    06/13/2012 5:08:21 AM PDT · by george76 · 16 replies
    AFP - ^ | 13 June 2012
    The United States is seeing a dramatic surge in oil and gas production and could overtake the world's biggest producers, Russia and Saudi Arabia, in another decade, a US official said. "Some of the numbers are eye-popping," Daniel Sullivan, commissioner in Alaska's department of natural resources, told a panel of experts at the International Economic Forum of the Americas in Montreal. In the last quarter the US produced six million barrels of conventional and unconventional oil a day, he said, adding: "We haven't done that in 15 years." Since 2008, the US added 1.6 million barrels of additional oil, and...
  • Global LNG supplies to remain tight through 2015

    06/12/2012 2:22:13 PM PDT · by thackney · 3 replies
    Reuters via Calgary Herald ^ | JUNE 12, 201 | REBEKAH KEBEDE
    Global liquefied natural gas markets will tighten and prices likely increase over the next two to three years as supplies rise more slowly than appetite from a growing number of importers, industry leaders said at an event this week. Consumers will pay the price for delays to investment decisions during the global financial crisis, with few new projects scheduled to start exporting until 2015. “We do think the market will be tight in the medium term. It will be 2015 at the earliest before you see material new supply coming into the market and even those are exposed to the...
  • EPA Official Showers Love on Anti-Fossil Fuel Activists

    06/08/2012 10:39:22 AM PDT · by jazusamo · 7 replies
    National Legal & Policy Center ^ | June 8, 2012 | Paul Chesser
    As President Obama’s Environmental Protection Agency continues to receive much-needed scrutiny as it conducts its reign of terror (“crucifying”) on fossil fuel industries, yet another renegade regional administrator has been shown in full alliance with environmental extremists in pursuit of regulations to kill oil and coal. Natural gas isn't far down the hit list. This time it’s Region 5 Administrator Susan Hedman, a veteran attorney who has litigated environmental cases as part of the University of Maryland Environmental Law Center, as counsel for the Environmental Law and Policy Center, and as senior assistant attorney general in the Illinois Attorney...
  • Exxon Evaluating Gas Exports From Gulf, Canada[Natural Gas]

    06/05/2012 11:20:41 AM PDT · by Theoria · 1 replies
    WSJ ^ | 30 May 2012 | ISABEL ORDONEZ
    Exxon Mobil Corp. is studying the possibility of exporting natural gas from the U.S. Gulf Coast and Canada as new shale drilling has unlocked enough natural-gas reserves to meet domestic demand for years to come and allow exports, Chief Executive Rex Tillerson said Wednesday. Exports of natural gas will create jobs, increase tax revenues and help the U.S. trade balance, Mr. Tillerson said at the company's shareholder meeting in Dallas. Exxon Mobil, the world's largest publicly traded oil company and the largest U.S. natural-gas producer, recently has said it was analyzing exports from domestically produced natural gas. Mr. Tillerson's remarks...