Keyword: naturalgas

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  • The Next Shale Revolution?

    12/24/2014 5:01:42 AM PST · by RoosterRedux · 15 replies
    weeklystandard.com ^ | SAMUEL THERNSTROM
    Just five years ago, almost no one outside the natural gas industry had heard of fracking, even though the basic technologies were not new; today, the shale gas revolution has transformed America’s energy markets, with profound effects for economic growth, competitiveness, security, and environmental quality. In a nation still deeply concerned about its energy future, this extraordinary success story should prompt the question: Can we do it again? The answer is yes​—​if we correctly understand both the model for innovation that shale gas exemplifies and an opportunity that now exists to emulate the shale model. That opportunity involves exploiting a...
  • Southwestern Energy to buy more Marcellus, Utica acreage

    12/23/2014 8:21:58 AM PST · by thackney · 7 replies
    Fuel Fix ^ | December 23, 2014 | Collin Eaton
    Southwestern Energy Co. said Tuesday it is planning to snap up Statoils 20-percent stake in oil and gas assets in West Virginia and southwest Pennsylvania for $394 million, just a day after closing its biggest-ever deal with Chesapeake Energy in the region. The transaction, which encompasses 30,000 net acres, boosts Southwestern Energys working interests in that area of the Marcellus and Utica shale plays by 5.8 percent to 73 percent. The wells on the land produce about 29 million cubic feet of gas a day, as of October. The deal is expected to close early next year. Its the Houston...
  • Just look across the NY-PA border for safe and responsible fracking

    12/22/2014 8:47:58 AM PST · by thackney · 22 replies
    ExxonMobil ^ | December 18, 2014 | Ken Cohen
    The comedian Chico Marx famously asked, Who you gonna believe, me or your own eyes? Thats the question I feel like Governor Andrew Cuomo is posing to New Yorkers with his decision to ban hydraulic fracturing in the Empire States portion of the Marcellus Shale. The governor and his allies most notably the acting state health commissioner, whose report served as justification for Mr. Cuomos decision say the move will protect New Yorks air, land, and water. For years now, New Yorkers have been besieged by apocalyptic claims made by anti-oil and gas activists many of them...
  • Shock in Southern Tier of New York as Hopes of Gambling and Fracking Both Die

    12/22/2014 7:18:54 AM PST · by C19fan · 26 replies
    NY Times ^ | December 18, 2014 | Jesse McKinley
    To get a sense of the deep disappointment felt by many here at the twin killings of two potentially lucrative dreams, hydraulic fracturing and a new luxury casino, one needed to look no further than the front-page headline of Thursdays edition of The Press & Sun-Bulletin. It was two letters, in red type: NO! That cry could seemingly be heard all along New York States Southern Tier, which borders Pennsylvania and has long been one of the states most stubborn economic laggards. In recent years, both hydraulic fracturing known as fracking and casinos had been posited as potential...
  • Russia Angling for Share In Israeli Natural Gas [Ezekiel 39-39]

    12/18/2014 12:15:51 PM PST · by Jan_Sobieski · 5 replies
    Hamodia ^ | 06/08/2014 | Hamodia Staff
    YERUSHALAYIM (Hamodia Staff) - Russia wants in on the Israeli natural gas boom, but the U.S. wants them to stay out, and thats why they havent made progress negotiating with the Israelis, ambassador to Israel Sergey Yakovlev hinted in an interview with Globes. Russia has been seeking entry into the Mediterranean gas fields for some time, but so far to no avail. Gazprom, for one, showed interest in becoming a partner in the Leviathan reserve, one of the most important in the Mediterranean Sea, but nothing substantive came of it...
  • Global Warming, Empty Gestures

    12/18/2014 6:37:24 AM PST · by Kaslin · 9 replies
    Townhall.com ^ | December 18, 2014 | Debra J. Saunders
    I have a theory as to why Americans don't worry all that much about global warming: High-profile purveyors of climate change don't push for reductions in greenhouse gases so much as focus on berating people who do not agree with their opinions. They call themselves champions of "the science" yet focus on ideology more than tangible results. Their language is downright evangelical. Recently, science guy Bill Nye joined other experts who objected to the media's use of the term "climate skeptic." They released a statement that concluded, "Please stop using the word 'skeptic' to describe deniers." Deniers? Like Judas? Why,...
  • ISRAEL MAKES NEW DISCOVERY OFF ITS COAST

    12/18/2014 9:47:29 AM PST · by thackney · 37 replies
    Natural Gas Europe ^ | December 18th, 2014 | Karen Ayat
    Israel made another discovery off its coast. The newly discovered field, Royee, may hold up to 3.2 Tcf of natural gas according to a statement made by the Israeli partners in the field Ratio and Israel Opportunity who hold respectively 70%, and 10% stakes. The remaining 20% of the field are held by Edison. Royee is located about 150 kilometers offshore Israel close to its maritime borders with Cyprus and Egypt. The fields size is yet to be confirmed, but current estimates suggest it is the third largest field discovered to date in Israeli waters after the Leviathan discovered by...
  • NEW YORK TO BAN FRACKING; ENVIRONMENTALISTS CHEER

    12/17/2014 6:17:38 PM PST · by Hojczyk · 35 replies
    Breitbart Big Government ^ | December 17,2014 | by BREITBART NEWS
    Handing environmentalists a breakthrough victory, New York plans to prohibit fracking for natural gas because of what regulators say are its unexplored health risks and dubious economic benefits. New York, which overlies part of the gas-rich Marcellus Shale formation that has led to a drilling boom in Pennsylvania and other nearby states, has banned shale gas development since 2008, when the state began an environmental review of the drilling technique also known as hydraulic fracturing. Wednesday's announcement, though not final, means a ban is all but etched in stone. "Never before has a state with proven gas reserves banned fracking,"...
  • Cuomo to Ban Fracking in New York State, Citing Health Risks

    12/17/2014 10:03:02 AM PST · by Behind Liberal Lines · 112 replies
    ALBANY The Cuomo administration announced Wednesday that it would ban hydraulic fracturing in New York State, ending years of uncertainty by concluding that the controversial method of extracting gas from deep underground could contaminate the states air and water and pose inestimable public-health risks... That conclusion was delivered publicly during a year-end cabinet meeting called by Gov. Andrew M. Cuomo in Albany. It came amid increased calls by environmentalists to ban fracking, which uses water and chemicals to release natural gas trapped in deeply buried shale deposits.
  • Gas industry: Drilling tax could cripple Pa. economy

    12/17/2014 7:50:18 AM PST · by thackney · 18 replies
    Inquirer Harrisburg Bureau ^ | December 17, 2014 | Amy Worden
    Three days after the newly elected Senate majority leader opened the door to negotiations on a natural gas drilling tax, industry leaders reiterated their stand that such a tax would harm the state's economy. Additional taxes would have a "crippling effect on jobs" said Stephanie Wissman, executive director of the Associated Petroleum Industries of Pennsylvania. "It threatens to stifle energy production and the jobs that go with it," Wissman said in a conference call with reporters Tuesday. The prospect of a severance tax on gas production in the lucrative Marcellus Shale - an issue dormant since Gov. Ed Rendell left...
  • A Global Energy Superpower Rises

    12/16/2014 4:51:58 AM PST · by thackney · 11 replies
    Foreign Policy ^ | DECEMBER 15, 2014 | ED MORSE
    When it comes to crude oil and other hydrocarbons, the United States is bursting at the seams. The United States has very rapidly become a powerhouse as an exporter of finished petroleum products, natural gas liquids, other oils including ethanol, and even crude oil with total gross exports of all of these combined expected to reach 5 million barrels per day (mb/d) or more by the end of this year, up a stunning 4 mb/d since 2005. Total oil exports in 2014 pushed the commodity to the top of the list of U.S. exports by category, far surpassing all...
  • Ukraine Says Chevron Plans To Pull Out Of $10B Shale Gas Deal

    12/15/2014 6:48:02 AM PST · by thackney · 20 replies
    Rig Zone ^ | December 15, 2014 | Reuters
    U.S. energy major Chevron plans to withdraw from a $10 billion shale gas deal with Kiev, a senior Ukrainian presidential official said on Monday. Ukraine signed a shale gas production-sharing agreement with Chevron amid great fanfare in November 2013, just months before mass protests in Kiev ousted former president Viktor Yanukovich, plunging the country into a major crisis with Russia. "There is information that they (Chevron) are planning this decision," Valeriy Chaliy told journalists, referring to a report by local media that Chevron had told the government it was pulling out of the deal. Chaliy declined to give further details....
  • Germany to be gas powered for next 70 years

    12/14/2014 7:32:33 PM PST · by Lorianne · 12 replies
    RT ^ | 12 December 2014
    Germanys plan to phase out nuclear energy and switch to renewables by 2022 is unrealistic as the country is doomed to remain dependent on fossil fuels like oil and gas for the next 70 years, energy expert Matthias Dornfeldt told RT. Renewables cant replace fossil fuels overnight because theres not enough infrastructure, said Dornfeldt in an interview with RT. He believes the 21st century will be the century of gas, as the 20th century was the century of oil. We are going to be dependent on oil as well as on gas, as I see, for the next 50, 60,...
  • KPMG Analyst: Still Bullish about Oil, Gas Market Despite Crude Downturn

    12/12/2014 1:42:46 PM PST · by thackney · 16 replies
    Rig Zone ^ | December 12, 2014 | Gene Lockard
    The downturn in crude oil prices in recent months will not last forever, and what the market is experiencing now is not the old boom and bust period, an energy industry analyst told Rigzone. Im still incredibly bullish on the industry, and I do think its far more stable and resilient than it was in decades past, KPMGs Regina Mayor, an advisor for the consulting practice, said. Thats not to say that it wont experience a contraction or two, but its not the boom and bust cycle weve seen. Already, there are signs that the future remains bright for the...
  • Shale boom spurs chemical industry expansion

    12/12/2014 5:57:49 AM PST · by thackney · 10 replies
    Fuel Fix ^ | December 11, 2014 | Rhiannon Meyers
    The U.S. chemical industry is expanding at a healthy clip thanks to a domestic drilling renaissance that has flooded the world with cheap oil and gas. The industry grew by 2 percent this year and is expected to swell further next year as advances in drilling and completion technologies unlock vast new supplies of hydrocarbons that chemical companies rely on to make products and fuel their plants, according to the American Chemistry Councils annual year-end review of the industry. The wind is back in our sails, Kevin Swift, chief economist for the trade group, said in a statement. During the...
  • EPA uses Jonathan Gruber tactic to impose harmful regulations

    12/12/2014 5:35:52 AM PST · by Tolerance Sucks Rocks · 4 replies
    The Washington Times ^ | December 11, 2014 | Paul Driessen
    Lack of transparency was really critical to getting it passed, former Obamacare consultant Jonathan Gruber explained. The Democrats cleverly exploited the American voters lack of economic understanding. Now President Obamas Environmental Protection Agency is using secretive, duplicitous science, and exploiting peoples lack of scientific understanding, to impose punitive regulations cleverly labeled the clean power plan. The agency claims the clean power plan will prevent dangerous manmade climate change by reducing carbon dioxide and encouraging greater use of renewable energy. Its real goal is forcing coal-fired power plants to reduce operations significantly or shut down entirely. The EPA also claims that...
  • Bulgaria picks up the pieces of cancelled Russian pipeline

    12/11/2014 10:57:14 PM PST · by wetphoenix · 6 replies
    Stand on the sea wall next to the port in Varna and you can see the bits and pieces of South Stream piled up in front of you. Hundreds of long black sections of piping - some on the dockside, and others still stacked on cargo ships. They were supposed to have been laid beneath the gloomy waters of the Black Sea, bypassing Ukraine and bringing Russian gas directly to south-eastern Europe. But - suddenly and unilaterally - Vladimir Putin has declared the project dead. Gas, he said, will be sent to Turkey instead. "It's really not clear what's going...
  • Exxon: North America to be energy exporter by 2020

    12/10/2014 5:30:27 AM PST · by thackney · 9 replies
    Fuel Fix ^ | December 9 | Robert Grattan
    The worlds energy markets will change dramatically in around 2020, when North America shifts from a major energy importer to an important fuel source for the worlds middle class, according to Exxon Mobil Corp.s annual energy forecast. The Irving, Texas-based companys report predicted that global energy demand would by grow 35 percent through 2040, driven by 2 billion new people and the rise of an energy-hungry middle class in developing countries. The report also outlined how supply growth in North America and global efficiency gains, would be critical to meeting the futures energy needs. Exxons vision of the future was...
  • Russia, Turkey pivot across Eurasia

    12/09/2014 6:54:41 PM PST · by dontreadthis · 9 replies
    veterans news now ^ | December 8, 2014 | Pepe Escobar
    The latest, spectacular Exit South Stream, Enter Turk Stream Pipelinistan gambit will be sending big geopolitical shockwaves all across Eurasia for quite some time. This is what the New Great Game in Eurasia is all about. In a nutshell, a few years ago Russia devised North Stream fully operational and South Stream still a project to bypass unreliable Ukraine as a gas transit nation. Now Russia devises a new sweet deal with Turkey to bypass the non-constructive (Putins words) approach of the European Commission (EC) concerning the European Third Energy Package, which prohibits one company from...
  • Energy Pipeline: Finding talent is more complex, difficult in todays market

    12/08/2014 4:45:51 AM PST · by thackney · 25 replies
    The Tribune ^ | December 4, 2014 | Tracy Hume
    When Jack Ekstrom joined Whiting Petroleum Corporation in 2008, the company had 450 employees. Six years later, the company has 1,100 employees, said Ekstrom, vice president of corporate and government relations at Whiting. At any given time, we have about 250 approved positions that we need to fill during a 12-month period, Ekstrom said, even though we are not recruiting for all of them at the same time. Whiting Petroleums surge in hiring reflects a larger hiring boom within the oil and gas industry that is playing out across the nation. U.S. Bureau of Labor Statistics indicate that 119,800 people...
  • Weekly Natural Gas Storage Report

    12/05/2014 4:59:31 AM PST · by thackney
    Energy Information Administration ^ | December 4, 2014 | Energy Information Administration
    Working gas in storage was 3,410 Bcf as of Friday, November 28, 2014, according to EIA estimates. This represents a net decline of 22 Bcf from the previous week. Stocks were 227 Bcf less than last year at this time and 372 Bcf below the 5-year average of 3,782 Bcf. In the East Region, stocks were 183 Bcf below the 5-year average following net withdrawals of 34 Bcf. Stocks in the Producing Region were 145 Bcf below the 5-year average of 1,247 Bcf after a net injection of 11 Bcf. Stocks in the West Region were 44 Bcf below the...
  • U.S. has enough shale gas for petrochemical expansions

    12/05/2014 4:35:04 AM PST · by thackney
    Fuel Fix ^ | December 4, 2014 | Rhiannon Meyers
    The United States has enough shale gas to supply the surge of recently announced petrochemical expansions and, despite anemic prices, producers have no plans to stop pumping as long as demand exists, a Southwestern Energy executive said Thursday. Gas prices collapsed two years ago and while they have recovered somewhat, some drillers have turned their focus to more lucrative regions rich in oil and other liquids. But companies that specialize in natural gas production continue to produce more, spurred on by technological advances and cheaper drilling and completion costs that allow them to produce more with less. Looking at the...
  • Oil reserves grow in Colorado, across the U.S.

    12/04/2014 6:11:10 PM PST · by george76 · 18 replies
    Denver Business Journal ^ | Dec 4, 2014 | Cathy Proctor
    Colorado's growth in crude oil reserves ranked third behind North Dakota and Texas in the latest survey of the amount of oil buried in fields across the United States, according to the U.S. Energy Information Administration. Nationally, crude oil reserves oil that can be pumped from the ground under current economic conditions using existing technology grew by 9 percent, or 3.1 billion barrels, in 2013 compared to 2012, the federal agency said. It's the fifth year in a row the U.S. oil reserves have grown, the EIA said, evidence that the proliferation of horizontal drilling and hydraulic fracturing...
  • Governor Sarah Palin on Consumerism, Russia and Energy Production Varney & Co.

    12/03/2014 4:37:07 PM PST · by KC_Lion · 7 replies
    Conservatives 4 Palin ^ | December 3rd, 2014 | iizthatiiz
    Governor Sarah Palin weighs in on consumerism, Christmas, and other issues including Russia and energy production with Fox Business host Stuart Varney.https://www.youtube.com/watch?v=IAHc0hXGZk4#t=230
  • The Great Turnaround

    12/03/2014 2:18:51 PM PST · by Kaslin · 23 replies
    Townhall.com ^ | December 3, 2014 | Paul Greenberg
    And they say there's no good news in the paper. But when it comes to oil, oil prices, oil diplomacy and just about everything else connected to this country's shale-oil boom, there's little but good news to report either at home or abroad. From the gas pump to international conferences, it's all good. Unless you're a gigantic corporation that's exploited this country's addiction to petroleum for years at immense profits. Or a rapacious oil sheik or dictator who's exploited not only his own people but the rest of the world. In that case, it couldn't happen to a more deserving...
  • Will New York be the site of the next energy boom? [It's all up to Gov. Andrew Cuomo now]

    12/02/2014 7:48:09 PM PST · by SeekAndFind · 16 replies
    Hotair ^ | 12/02/2014 | Jazz Shaw
    Fresh off his 72% reelection victory in New York’s 27th District, Congressman Chris Collins has set to work attempting to deliver on his promises to the voters. One of the biggest challenges he faces is the effort to help turn things around in the Empire State on the energy front. New York, just like Pennsylvania and West Virginia, sits on two major shale oil reserves. But unlike their neighbors to the south, where jobs have multiplied and personal wealth has moved upward, New Yorkers have not been able to benefit from these opportunities. Democrats in charge of the state...
  • As Excitement Builds in the Montney, Companies Seek More Infrastructure

    12/02/2014 2:39:27 PM PST · by bananaman22 · 3 replies
    Oilprice.com ^ | 0212/2014 | James Stafford
    What does it take to build up a new region for oil and gas development? Obviously, the resources have to be in place and economically recoverable. But it is not as easy as just sticking a drill into the ground and pumping out oil and gas. Even with significant oil and gas reserves trapped in shale, a variety of factors need to come together to turn a given region into a significant producer. To begin with, there needs to be enough companies willing to take risks on major drilling projects. Next, there needs to be enough capital behind those companies...
  • Working overseas dangerous, lucrative for oil and gas employees

    12/02/2014 2:39:17 PM PST · by thackney · 12 replies
    Fuel Fix ^ | December 1, 2014 | Joshua Cain
    On Monday, militants affiliated with the Islamic State terrorist group claimed responsibility for killing an Apache employee during an attempted carjacking in Egypt in August. The employees death illustrated that oil and gas workers continue to operate in some of the most dangerous regions around the globe (in what is already known as a dangerous industry for its workers). While the regions in the Middle East where the Islamic State is most prevalent have become increasingly dangerous for workers, terrorist groups have also been targeting oil and gas industry employees in other countries. In Algeria in 2013, Al-Qaeda affiliated militants...
  • Putin, in Defeat, Diverts Pipeline

    12/01/2014 7:35:35 PM PST · by Theoria · 76 replies
    The New York Times ^ | 01 Dec 2014 | ANDREW ROTH
    President Vladimir V. Putin said Monday that he would scrap Russias South Stream gas pipeline, a grandiose project that was once intended to establish the countrys dominance in southeastern Europe but instead fell victim to Russias increasingly toxic relationship with the West. It was a rare diplomatic defeat for Mr. Putin, who said Russia would redirect the pipeline to Turkey. He painted the failure to build the pipeline as a loss for Europe and blamed Brussels for its intransigence. The decision also seemed to be a rare victory for the European Union and the Obama administration, which have appeared largely...
  • Russian Money Suspected Behind Fracking Protests

    12/01/2014 6:08:30 AM PST · by Theoria · 18 replies
    The New York Times ^ | 30 Nov 2014 | ANDREW HIGGINS
    PUNGESTI, Romania Vlasa Mircia, the mayor of this destitute village in eastern Romania, thought he had struck it rich when the American energy giant Chevron showed up here last year and leased a plot of land he owned for exploratory shale gas drilling. But the encounter between big business and rural Romania quickly turned into a nightmare. The village became a magnet for activists from across the country opposed to hydraulic fracturing, or fracking. Violent clashes broke out between the police and protesters. The mayor, one of the few locals who sided openly with Chevron, was run out of...
  • Lawmakers meet to discuss LNG projects, public not invited

    11/30/2014 12:56:25 PM PST · by Tailgunner Joe · 7 replies
    ktva.com ^ | November 28, 2014 | Dave Leval
    ANCHORAGE Government business in Alaska is pretty much open to the public, except when it comes to natural gas. Lawmakers gathered at the Legislative Information Office in downtown Anchorage Friday, discussing information on the proposed Alaska liquified natural gas project. The public was not invited. Lawmakers who attended the hearing defended the action. We have an ongoing project that is closer that ever before at bringing the necessary parties together to make an Alaska North Slope pipeline happen, said Rep. Mike Hawker. Gov.-elect Bill Walker discussed the secret session with KTVA as the meeting took place. Public money is...
  • Report: Canada's Northwest Territories Hold Big Natural Gas Reserves

    11/26/2014 5:17:35 AM PST · by thackney · 17 replies
    Rig Zone ^ | NOV. 25, 2014 | Reuters
    Canada's Northwest Territories, including its Arctic islands and the adjacent Beaufort Sea, hold more than 1.2 billion barrels of crude oil and 16.4 trillion cubic feet of marketable natural gas, the National Energy Board (NEB) said on Tuesday. The NEB, the industry regulator, also estimated the region holds 53.3 million barrels of natural gas liquids. The crude oil total is minor compared with the U.S. Energy Information Administration's estimate of Canada's total proved reserves of 173.11 billion barrels, but it is nearly 25 percent of the EIA's estimate of the country's natural gas reserves of 68.17 trillion cubic feet.
  • Shale gas provides largest share of U.S. natural gas production in 2013

    11/25/2014 8:58:42 AM PST · by thackney · 5 replies
    Energy Information Administration ^ | 11/25/2014 | Energy Information Administration
    Total U.S. natural gas gross withdrawals reached a new high at 82 billion cubic feet per day (Bcf/d) in 2013, with shale gas wells becoming the largest source of total natural gas production. Natural gas gross withdrawals are a measure of full well stream production including all natural gas plant liquids and nonhydrocarbon gases after oil, lease condensate, and water have been removed. According to the Natural Gas Annual, gross withdrawals from shale gas wells increased from 5 Bcf/d in 2007 to 33 Bcf/d in 2013, representing 40% of total natural gas production, and surpassing production from nonshale natural gas...
  • Q&A: Oil eventually will lose its place as leading auto fuel

    11/24/2014 4:54:32 AM PST · by thackney · 44 replies
    Fuel Fix ^ | November 23, 2014 | Collin Eaton
    One day, crude oil will lose its grip on cars and trains and ships, but with costs to produce alternative energy still high, a change that big will likely take many decades. How long is anyones guess, says one man with a head start on most prognosticators. Henrik Madsen, the CEO of Norways international shipping and oil field equipment classifier DNV GL, says the commercial automobile market is the last bastion of crude oil, after its disappearance from power plants and heating fuels in the second half of the 20th century. Its days in vehicles and vessels are numbered. Searing...
  • Tribal head to speed North Dakota pipeline talks

    11/21/2014 5:26:48 AM PST · by thackney · 12 replies
    Fuel Fix ^ | November 21, 2014 | Associated Press
    The new leader of North Dakotas oil-rich Three Affiliated Tribes is pledging to speed negotiations on a proposed pipeline through tribal land that would curb the wasteful burning of natural gas in the state by more than 10 percent. North Dakotas booming oil production has led to an unmanageable increase in the states output of natural gas, which is a byproduct of oil production. Oneok Inc., the biggest operator of natural gas pipelines and processing plants in North Dakota, wants to build a 20-mile-long pipeline to capture natural gas from oil wells in Dunn County and move it to an...
  • Natural Gas Vehicles See Steady Growth

    11/19/2014 5:27:49 AM PST · by thackney · 51 replies
    Oil Price ^ | 14 November 2014 | Editorial Dept
    While everyone is watching to see how low oil prices will affect U.S. shale drillers, natural gas production continues to rise. Each month, the U.S. posts new production highs (see chart), and 2014 is shaping up to be a record year for natural gas drillers. With production ratcheting upwards, the U.S. has been able to achieve record levels of storage injections, building back inventories after last winter walloped the east coast and depleted supplies. The abundance of natural gas is allowing utilities to increasingly burn the fuel in power plants for electricity a well-known trend that continues to accelerate....
  • Liberal University Destroys Anti-Fracking Talking Point

    11/17/2014 10:04:13 AM PST · by Kaslin · 49 replies
    Townhall.com ^ | November 17, 2014 | Thomas Miller
    B-I-N-G-O. They nailed it. Finally, an unbiased academic study that reiterated what weve been advocating all along on Powering America Radio. The University of Colorado, Boulder, by no means a bastion of pro-fracking advocacy, studied that dastardly substance that many a seasoned environmentalist have repeatedly used to demonize American Energy Independence: Frack Fluids. Their finding? What goes down the well is no more hazardous than what lies beneath your sink, or sits atop your laundry closet. This was the first-ever scientific report anywhere, and was conducted by a team of researchers from CU Boulder. They studied wells in Colorado, Louisiana,...
  • Many moving parts, North Slope LNG project for Interior gas supply continues to take shape

    11/15/2014 5:57:05 AM PST · by thackney · 7 replies
    Petroleum News ^ | Week of November 16, 2014 | Alan Bailey
    With many stakeholders, several major interrelated components and an aggressive timescale, the Interior Energy Project presents something of a challenge. The project, with funding support from AIDEA, or the Alaska Industrial Development and Export Authority, is designed to bring affordable natural gas to Fairbanks and the Alaska Interior via a to-be-constructed liquefied natural gas plant on the North Slope and an LNG trucking operation on the North Slope Haul Road. AIDEA has commissioned engineering firm MWH to manage the construction of the LNG plant. The Interior Gas Utility and Fairbanks Natural Gas, the two Fairbanks gas utilities, will arrange the...
  • SHORT-TERM ENERGY OUTLOOK

    11/13/2014 4:20:18 AM PST · by thackney · 6 replies
    Energy Information Administration ^ | Nov. 12, 2014 | Energy Information Administration
    Selected portions of the report, full report at the link: North Sea Brent crude oil spot prices fell from $95/barrel (bbl) on October 1 to $84/bbl at the end of the month. The causes included weakening outlooks for global economic and oil demand growth, the return to the market of previously disrupted Libyan crude oil production, and continued growth in U.S. tight oil production. Brent crude oil spot prices averaged $87/bbl in October, the first month Brent prices have averaged below $90/bbl since November 2010. EIA projects that Brent crude oil prices will average $83/bbl in 2015, $18/bbl lower than...
  • Oil and Gas Industry is a Leader in Veteran Employment

    11/12/2014 11:51:33 AM PST · by thackney · 5 replies
    Oil Pro ^ | 11/11/2014 | Jessica Fudge
    Many employers struggle to translate a military veterans service to the civilian workplace, and 2014 unemployment statistics still reflect a gap between general civilian unemployment rates and the younger, post-9/11 veteran unemployment rates. However, the oil and gas industry reflects a different story. Leading up to Veterans Day, U.S. Sen. David Vitter (R-La.) made a statement regarding efforts to increase the hiring of U.S. military veterans in the U.S. oil and gas industry. "As Veterans Day approaches, we are reminded of the promise we made to our American heroes who have served at home and overseas - that we will...
  • Fossil Fuels and Morality: If you care about human flourishing, fossil fuels are demonstrably good.

    11/12/2014 8:09:29 AM PST · by SeekAndFind · 14 replies
    National Review ^ | 11/12/2014 | Robert Zubrin
    A few more decades of ungoverned fossil-fuel use and we burn up, to put it bluntly. Bill McKibben, leading environmental activist, 1989 I came across this quote, along with many others of comparable value, while reading Alex Epsteins just-published book, The Moral Case for Fossil Fuels. But Epsteins book is much more than a fantastic collection of such delightfully mad environmentalist pronouncements although that part alone is worth the purchase price. Rather, what Epstein presents is a powerful, systematic, and relentlessly logical philosophical case for the moral value of the fossil-fuel industry, and the fundamentally immoral basis...
  • Energy Was A Big Winner In Last Week's GOP Wave

    11/11/2014 3:24:48 PM PST · by jazusamo · 7 replies
    Investors.com ^ | November 11, 2014 | Merrill Mathews
    One clear winner on election night was energy. While the economy may have been voters' primary concern and the president's health care law second, energy issues played a key role, especially in those states that gave Republicans control of the Senate. It's a message that those newly elected senators, all of whom stressed their support for expanding energy development, aren't likely to forget. And it's one that Senate Majority Leader-elect Mitch McConnell, who repeatedly stressed his support for the Kentucky coal industry in his campaign, will push to the forefront. First should come the easy stuff. There is bipartisan support...
  • China, Russia sign memorandum of understanding on second major natural gas route

    11/09/2014 5:58:06 AM PST · by Bettyprob · 2 replies
    Fox News ^ | November 09, 2014 | AP
    BEIJING The leaders of China and Russia have signed agreements to boost their energy cooperation, including an understanding to develop a second major route to supply the Chinese side with Russian natural gas following an initial $400 billion deal in May.
  • After record injections, natural gas storage levels now within 7% of 5-year average

    11/07/2014 9:04:12 AM PST · by thackney · 6 replies
    Energy Information Administration ^ | NOVEMBER 7, 2014 | Energy Information Administration
    Working natural gas in storage ended October at 3,571 billion cubic feet (Bcf), a record increase of 2,734 Bcf during the April 1 to October 31 injection season, and within 7% of the average of the last five end-of-season storage levels. While end-October natural gas stocks are at a five-year low, increased natural gas production, which has reached an all-time high, and new pipeline projects will help meet winter natural gas demand. Higher production means that even if this winter were as cold as last year, EIA expects that natural gas storage at the end of March 2015 will be...
  • Bakken's next phase: Natural gas

    11/07/2014 8:12:13 AM PST · by TurboZamboni · 8 replies
    Star Tribune ^ | 10-27-14 | ADAM BELZ
    Even as it fills the railroads of the Upper Midwest with oil tank cars, the Bakken has allowed its natural gas riches to languish. Less profitable than oil and more difficult to transport, natural gas has been so secondary in North Dakota that drillers still burn off more than a fourth of what rises from the ground. In satellite pictures, the flames sprawl across the Williston basin, lighting it up like a giant suburb. A quiet transformation is underway, however, as the state bids to turn natural gas into a native business and drive down flaring. A growing network of...
  • Guess which industry is fueling Houstons office demand?

    11/07/2014 5:20:13 AM PST · by thackney · 13 replies
    Houston Business Journal ^ | Nov 6, 2014 | Paul Takahashi
    t's no secret that Houston's office market is driven by the energy sector. But how much of a boost is oil and gas to Houston's commercial real estate market? It's significant, according to CBRE Group Inc. The commercial real estate brokerage firm analyzed 33 cities across the world and found that the average prime office rental growth is up by 25.2 percent in energy dependent cities, compared to 4.5 percent in non-energy dependent cities. This means that oil and gas cities can see as much as five times the growth in office rental market than other non-energy cities. There are...
  • TransCanada proceeds with Canadian Mainline system enhancements

    11/06/2014 5:24:55 AM PST · by thackney
    Energy Global ^ | 05/11/2014 | Rosalie Starling
    TransCanada Corporation has announced that it is moving forward with its Vaughan pipeline project and associated facilities as part of CAN$ 475 million in pipeline and facility expansions within the Eastern Triangle portion of the Canadian Mainline system. This is the next step of development for natural gas infrastructure in southern Ontario and is the result of collaboration between TransCanada, Enbridge Gas Distribution, Gaz Metro and Union Gas. Construction of TransCanada's Kings North Connection, Parkway West Connection and Hamilton Area Project are expected to cost about CAN$ 255 million and be in-service in November 2015. The Vaughan pipeline and associated...
  • California company to build GTL facility in Houston by Q4 2015

    11/05/2014 5:00:49 AM PST · by thackney · 8 replies
    Fuel Fix ^ | November 4, 2014 | Joshua Cain
    Greyrock Energy said it plans to build a small scale gas-to-liquids facility in Houston in late 2015, taking advantage of a glut of cheap natural gas to be converted into high grade diesel fuel. The company, based in Sacramento, California, has not announced where the plant will be set up, nor who its customers will be. But the project has backing from Sterling Private Capital and Eagle Oil & Gas Co., both based in Dallas. The facility will be able to process as much as 50 million cubic feet per day of natural gas to produce 5,000 barrels per day...
  • Texas RRC Issues New Regulations on Fracking Disposal Wells

    10/30/2014 5:33:35 AM PDT · by thackney · 3 replies
    Rig Zone ^ | October 29, 2014 | Gene Lockard
    New regulations covering disposal wells from fracking operations go into effect in Texas beginning in November 2014. The new regulations by the Texas Railroad Commission (Texas RRC, or Commission), the states regulating entity for oil and gas, are centered on the possible linkage between seismic activity and disposing wells. There are four main components of the new regulations: - Applicants for disposal wells must conduct a search on the U.S. Geological Survey seismic database to determine if there is a history of earthquakes within a 100-square-mile area around the site of the proposed disposal well - Clarify that the Commission...
  • EU energy boss, Ukraine minister to hold talks on Russia gas dispute

    10/29/2014 5:07:17 AM PDT · by thackney · 3 replies
    Reuters ^ | Oct 27, 2014 | Barbara Lewis
    European Energy Commissioner Guenther Oettinger and Ukraine Energy Minister Yuri Prodan will speak by phone on Monday to prepare for trilateral talks with Russia on resolving a gas pricing row, a Commission official said. Citing unpaid bills, Russia cut off gas flows to Kiev in mid-June, adding to East-West tensions triggered by Russia's annexation of Ukraine's Crimea and conflict in Russian-speaking eastern Ukraine. Last Tuesday, the latest round of talks between Russia and Ukraine, brokered by the Commission, to try to resolve the gas supply dispute ended without a deal. Since then, relations between Russia and Ukraine may have been...