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Articles Posted by thackney

Brevity: Headers | « Text »
  • Promising results, DOE publishes more findings from North Slope methane hydrate test well

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

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

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

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

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

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

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

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

    04/23/2015 5:28:25 AM PDT · by thackney · 15 replies
    Northwest Public Radio ^ | APRIL 15, 2015 | JESSICA ROBINSON
    The federal government and many states have offered car buyers incentives to venture into the electric car market. But now some states are going in a different direction -- they’re charging owners more. Idaho recently approved one of the country’s highest fees for electric cars. Here’s the problem: states traditionally fund highways with a gas tax. But you only pay that if you buy gas. Last week, Idaho lawmakers voted to charge electric vehicle owners an extra $140 annual registration fee. … which was news to Cleve Buttars. "Wow. Well, um ..." Buttars lives in Twin Falls and drives a...
  • Ex-BP Chief Sees Oil Bull Market Sooner than Many Expect

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

    04/22/2015 5:09:20 AM PDT · by thackney · 11 replies
    Drovers Cattle Network ^ | April 15, 2015 | Bob Stallman
    EPA claims that it’s simplifying regulations and making them easier to follow, but the fine print tells another story. Business owners around the country have joined with farmers and ranchers in speaking out on the Waters of the U.S. rule. More than 30 states also oppose the rule. Yet, even in the face of mounting opposition, the EPA still isn’t listening. EPA Administrator Gina McCarthy has unveiled her latest, campaign-style WOTUS spin, calling the effort the “Clean Water Rule” – as though a bumper-sticker approach to a complex regulation would change anything for people so profoundly affected by her agency’s...
  • Ground broken for Turkey's first nuclear power plant

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

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

    04/22/2015 4:48:50 AM PDT · by thackney · 14 replies
    Georgetown Public Policy Review ^ | APRIL 21, 2015 | LEONEL PRIETO
    Empty shelves in the supermarkets. Never-ending lines forming before dawn to buy whatever basics good from whatever brand arrives to the store. Hostile military officers threaten reprisal, ensuring that those lined up keep their grievances silent. This is how shopping for food or basic household goods looks like in Venezuela today. Rising shortages and inflation have submerged the country in a deep recession. This precarious reality is the result of actions carried out by the ‘revolutionary’ government in the past years: a model of poor economic management in a context of prevalent incompetence, corruption, and human rights violations. Did oil...
  • CERAWeek: Oil chiefs explain why U.S. shale boom hasn’t gone global

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

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

    04/21/2015 5:05:57 AM PDT · by thackney · 44 replies
    Platts ^ | 20 Apr 2015 | Platts
    A bill being debated in the Texas Legislature that would severely limit local municipalities' power to regulate oil and natural gas drilling moved one step closer to becoming law Monday. In a 125-20 vote, the Republican-dominated Texas House of Representatives approved on third reading H.B. 40. The legislation would "expressly pre-empt local ordinances that ban or limit oil and gas operations," including hydraulic fracturing. The bill will now move to the state Senate, which, like the House, is Republican-controlled. If passed by both houses of the legislature it will move to the desk of Republican Governor Greg Abbott, who has...
  • CERAWeek: Smaller budgets shouldn’t sacrifice on oil industry innovation, Saudi Aramco says

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

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

    04/21/2015 4:52:44 AM PDT · by thackney · 1 replies
    Fuel Fix ^ | Rhiannon Meyers | April 20, 2015
    Lifting sanctions against Iran in exchange for restrictions on its nuclear program won’t immediately flood the world with oil as some have feared, recently retired U.S. Deputy Secretary of State William Burns said Monday. His comments, made on the opening day of the five-day IHS Energy CERAWeek conference Monday, addressed the concerns that have rocked oil markets as diplomats met in Switzerland to hammer out the details of a deal to cut off Iran’s pathways to making a nuclear bomb. News leaking out of the negotiations caused oil prices to swing wildly in the days leading up to the framework...
  • EIA: Coal-fired generation alive and well in the coming decade

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

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

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

    04/20/2015 5:37:18 AM PDT · by thackney · 31 replies
    The Verge ^ | April 18, 2015 | Lizzie Plaugic
    Yesterday, Oklahoma governor Mary Fallin signed into law a bill that approves the use of nitrogen gas for executions in the state. The method, which would effectively asphyxiate death row inmates by forcing them to breathe pure nitrogen through a gas mask, is meant to be the primary alternative to lethal injection, The Washington Post reports. Fallin and other supporters of the procedure say it's pain-free and effective, noting that the nitrogen would render inmates unconscious within ten seconds and kill them in minutes. It's also cheap: state representatives say the method only requires a nitrogen tank and a gas...
  • Upstart Siluria Technologies Turns Shale Gas Into Plastics And Gasoline

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

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

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

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

    04/17/2015 5:25:39 AM PDT · by thackney · 15 replies
    Energy Information Administration ^ | APRIL 17, 2015 | Energy Information Administration
    EIA is currently in the process of updating maps of major tight oil and shale gas plays, including the Eagle Ford and Marcellus plays, which will help to better characterize the geology of key areas of production in the United States. EIA's most recent maps focus on shale and tight oil plays, and characterize plays based on geologic characteristics, including rock type and age. Understanding geologic history and processes helps exploration and production companies reduce the risk of drilling dry, nonproducing wells and better understand hydrocarbon resource potentials. Production of crude oil and natural gas occurs in two classes of...
  • Natural gas industry lobbyists ask feds to put LNG projects on fast track

    04/17/2015 5:21:13 AM PDT · by thackney · 1 replies
    Fuel Fix ^ | April 16, 2015 | Rhiannon Meyers
    The U.S. should speed up its approval process for new liquefied gas export terminals if it wants to remain competitive against other countries eagerly preparing to supply the world with gas, a natural gas trade association argued Thursday. America’s Natural Gas Alliance on Tuesday called on the federal government to revamp its lengthy and expensive permitting process for projects aimed at exporting supercooled gas to foreign markets, arguing that such exports are in the country’s national interest. “The time is now for the U.S. to seize the day,” alliance President and CEO Marty Durbin said in a conference call with...
  • AP: Offshore wells buried during Hurricane Ivan have been leaking oil into the Gulf since 2004

    04/17/2015 5:19:20 AM PDT · by thackney · 11 replies
    Fuel Fix ^ | April 16, 2015 | Associated Press
    Full title: AP: Offshore wells buried during Hurricane Ivan have been leaking oil into the Gulf since 2004 Down to just one full-time employee, Taylor Energy Company exists for only one reason: to fight an oil leak in the Gulf of Mexico that has gone largely unnoticed, despite creating miles-long slicks for more than a decade. The New Orleans-based company has downplayed the leak’s environmental impact, likening it to scores of minor spills and natural seeps that the Gulf routinely absorbs. But an Associated Press investigation has revealed evidence that the spill is far worse than what Taylor — or...
  • Shell exec: U.S. risks losing drilling dollars to Brazil, Canada and Mexico

    04/16/2015 5:14:34 AM PDT · by thackney · 1 replies
    Fuel Fix ^ | April 15, 2015 | Jennifer A. Dlouhy
    The Obama administration is eyeing an auction of offshore oil drilling leases along the East Coast in 2021, but that’s not enough to keep the United States competitive with other Atlantic nations, a Shell executive told Congress on Wednesday. “The Gulf of Mexico has kept the United States globally competitive for decades,” Mark Shuster, Shell’s executive vice president of upstream Americas exploration, told a House Natural Resources subcommittee. “The U.S. stands to lose a lot if we don’t make new acreage available.” At issue is the Interior Department’s draft plan for selling oil and gas leases on the U.S. outer...
  • Rosneft breaks world record for longest well off Sakhalin Islands

    04/15/2015 6:21:27 AM PDT · by thackney · 37 replies
    Petro Global News ^ | April 14, 2015 | Nicolas Torres
    Rosneft broke another world record Tuesday after drilling the world’s longest well at the Chayvo field off the coast of Russia’s Sakhalin Island. The O-14 production well was drilled to a record breaking depth of 44,291 feet with a horizontal reach of 39,478 feet. The well is part of the Sakhalin-1 project that includes the offshore Chayvo, Odoptu and Arkutun-Dagi fields. Since the start of drilling at Sakhalin-1 the company has broken nine world records including setting two consecutive records for measured depth in 2013. Russia’s Rosneft said the extended reach drilling was among the fastest ever thanks to ExxonMobil’s...
  • Industry Not Expected To Fight Live Offshore Viewing

    04/15/2015 5:07:03 AM PDT · by thackney · 3 replies
    Rig Zone ^ | April 14, 2015 | Deon Daugherty
    Access to images perhaps similar to those that captivated viewers in real time around the world during the Deepwater Horizon disaster would be standard procedure under a new set of proposed federal offshore guidelines. These include the live monitoring of deepwater and high-temperature/high pressure drilling activities, similar to what is currently used onshore. “The real-time monitoring requirement ensures that the operator has access to onshore technical expertise if needed and that there is ‘another set of eyes’ available during critical operations,” according to the statement. Houston personal injury lawyer Charles Herd, a partner at The Lanier Law Firm, which represented...
  • The Real History Of Fracking

    04/14/2015 7:52:53 AM PDT · by thackney · 6 replies
    Oil Price ^ | 13 April 2015 | John Manfreda
    ...While there are a lot of myths that surround this technology...the biggest one myth, is that, it’s new technology. The History of Fracking can be traced back to 1862. It was during the battle of Fredericksburg VA., where civil war veteran Col. Edward A.L. Roberts saw what could be accomplished when firing explosive artillery into a narrow canal that obstructed the battlefield. This was described as superincumbent fluid tamping. On April 26th, 1865, Edward Roberts received his first patent, for an “Improvement” in exploding torpedoes in artesian wells. In November of 1866, Edward Roberts was awarded patient number 59,936, known...
  • Shale boom to start busting as U.S. output set to fall

    04/14/2015 5:33:27 AM PDT · by thackney · 37 replies
    Fuel Fix ^ | April 13, 2015 | Collin Eaton
    The shale oil bonanza that made millionaires from Texas to North Dakota is slowing down for the first time in years, a sign that painful industry cutbacks are starting to have an impact. The nation’s oil production is set to slip this month by 57,000 barrels a day as natural declines in older shale wells outpace gains from newly drilled wells, the U.S. Energy Information Administration said in its monthly drilling report on Monday. More than 70,000 barrels of oil a day are expected to be lost from April to May in North Dakota’s Bakken Shale, South Texas’ Eagle Ford...
  • Japan Defies Obama — Plans On Building 43 Coal Plants

    04/13/2015 6:17:21 AM PDT · by thackney · 36 replies
    The Daily Caller ^ | 04/09/2015 | MICHAEL BASTASCH
    As Japan promises the United Nations it will cut carbon dioxide emissions, the country simultaneously plans on building 43 coal-fired power projects to make up for shuttered nuclear power. Japan told the reporters it would cut carbon dioxide emissions 20 percent below 2013 levels by 2030, reports AFP. It joined a U.S.-led effort to build support for a global warming treaty to be approved this December in Paris. It’s an issue President Barack Obama has staked his legacy on, and is using whatever diplomatic tactics he can to get other countries to join him. So far, only 35 parties (when...
  • U.S. oil rig count down 42 as industry’s slowdown accelerates

    04/13/2015 5:14:59 AM PDT · by thackney · 24 replies
    Fuel Fix ^ | April 10, 2015 | Ryan Holeywell
    The U.S. energy industry dramatically increased the pace at which it’s slowing activity, laying down 42 oil rigs this week after several weeks of more conservative numbers. There are 760 oil rigs operating in the U.S. currently, down from 802 last week, according to data published Friday by oil field services company Baker Hughes. The decline was the largest one-week drop in the count in a month. Last week, the oil rig count fell by just 11, and the week before it was down by 12. Those were the smallest week-over-week declines in 2015 and may have suggested the oil...
  • IHS: 1,400 wells drilled but not completed in Eagle Ford Shale

    04/13/2015 5:12:21 AM PDT · by thackney · 18 replies
    Fuel Fix ^ | April 13, 2015 | Jennifer Hiller
    There are nearly 1,400 wells in the Eagle Ford Shale that have been drilled but not completed, according to new analysis from the firm IHS. Oil prices are hovering around $50 per barrel, down by half since last summer. And some Eagle Ford oil producers have been drilling but not fracking wells. The delay in completing wells avoids sending new barrels of oil into a cheap market. For a small handful of operators, IHS reports that the drilled-but-not-completed wells will give them a big advantage over competitors. Nearly 40 percent of those 1,400 delayed wells have a break-even costs below...
  • Six natural gas plants under construction in Ohio to replace coal generators

    04/11/2015 9:59:23 AM PDT · by thackney · 52 replies
    Utility Dive ^ | April 10, 201 | Robert Walton
    Ohio's energy mix is about to change, the Cleveland Plain Dealer points out, with six gas-fired plants on the drawing board and older coal-fired generation set to retire. The accelerated retirement of many coal plants is a nationwide trend, driven by low natural gas prices and EPA pollution regulations. About 60,000 MW of coal fired generators are expected to be offline by 2020, according to the EIA, due largely to the EPA's Mercury and Air Toxics Standards (MATS), and, once it is finalized, the carbon regulations under the Clean Power Plan. The state is also wrestling with energy efficiency standards,...
  • BP & Noble Energy Chosen To Replenish The US SPR

    04/10/2015 10:25:31 AM PDT · by thackney · 8 replies
    Oil Pro ^ | 4/10/2015 | Jeff Reed
    he US Department of Energy announced Thursday afternoon that it has awarded contracts for the delivery of crude oil to the Strategic Petroleum Reserve (SPR) to BP and Noble Energy so as to replenish oil it sold last year (see below). With a capacity of 727 million barrels, the SPR is the largest stockpile of government-owned emergency crude oil in the world. Together, the SPR crude oil and facilities represent a $26 billion investment in energy security ($21 billion for crude oil and $5 billion for facilities). Founded in the wake of the 1973-74 oil embargo, the SPR provides the...
  • OPEC's No-Cut Strategy is Not Working, Iran Says

    04/10/2015 10:11:49 AM PDT · by thackney · 28 replies
    Reuters via Rig Zone ^ | April 10, 2015 | Chen Aizhu & Adam Rose
    OPEC's strategy of holding output steady is not working and the group's members should discuss production levels before its next meeting in June, Iran's oil minister said, a sign of the pain lower prices are causing OPEC's less wealthy producers. However, Bijan Zanganeh also told Reuters it was up to other members of the Organization of the Petroleum Exporting Countries (OPEC) to make way for any extra Iranian crude that reaches world markets if Western sanctions on Tehran are lifted. Oil prices have halved from the $115-a-barrel level hit last June, in a drop that deepened after OPEC refused to...
  • EnCap raises $6.5 billion to pour into North American oil firms

    04/10/2015 9:54:03 AM PDT · by thackney · 2 replies
    Fuel Fix ^ | April 10, 2015 | Collin Eaton
    Private equity firm EnCap Investments has closed its tenth energy fund with $6.5 billion to back North American oil and gas producers, the latest firm to collect billions to pump into the shale business. The Houston firm this week joined Blackrock, Walburg Pincus, Riverstone and others in raising more than $25 billion in recent months, according to data collected by Bloomberg, aimed at the battered oil industry after a nine-month slide in crude prices. Many investors see bargains in the business while assets are cheap and oil prices are low. EnCap said its Energy Capital Fund X was “significantly oversubscribed.”...
  • PULLING OFF THE LARGEST REFINERY MODERNIZATION IN BP HISTORY {just for the pics}

    04/10/2015 7:33:29 AM PDT · by thackney · 25 replies
    Mammoet ^ | 2015 | Mammoet
    The Whiting Refinery Modernization Project is the largest and most complex upgrading project in BP’s recent history. BP asked Mammoet to assist in the massive undertaking filled with logistical, constructional and meteorological challenges. Mammoet accepted the job, taking on the handling, management, transport and installation of a large number of components built in factories all over the U.S. For five years, Mammoet coordinated logistical activities on-and-off-site to safely complete the construction as efficiently as possible. Almost every processing unit in the refinery had to be modified to some degree. Carrying out the many individual jobs was relatively easy as compared...
  • Carly Fiorina: The Man-Made Water Shortage in California

    04/10/2015 5:12:06 AM PDT · by thackney · 60 replies
    Time ^ | April 7, 2015 | Carly Fiorina
    It comes down to this: Which do we think is more important, families or fish? ...With different policies over the last 20 years, all of this could have been avoided. Droughts are nothing new in California — the state has suffered from them for centuries. The difference now is that government policies are making it much worse. Despite the awareness around this issue, liberals continue to develop and promote policies which allow much of California’s rainfall to wash out to sea. Specifically, these policies have resulted in the diversion of more than 300 billion gallons of water away from farmers...
  • Texas leads nation in exports, thanks to petrochemicals and gasoline

    04/10/2015 4:53:30 AM PDT · by thackney · 8 replies
    Fuel Fix ^ | April 9, 2015 | Jennifer A. Dlouhy
    Texas refineries churning out gasoline and diesel — and selling the bounty overseas in record levels — helped make the Lone Star State an export leader in 2014, according to new government data. About a fifth of Texas’ $289 billion in exported goods last year were petroleum and coal products — about $59.1 billion worth — according to a report from the Commerce Department and U.S. Trade Representative. “Texas is leading the way,” Commerce Secretary Penny Pritzker told reporters on a conference call to discuss the report Thursday. “They support more than 1.1 million jobs through exports.” Other national leaders...
  • Wages for oil and gas workers are growing the slowest of any industry

    04/10/2015 4:50:05 AM PDT · by thackney · 8 replies
    Fuel Fix ^ | April 9, 2015 | Ryan Holeywell
    Falling oil prices and a slowdown in the energy sector have meant stagnant oil and gas wages, with workers in the Houston area taking the biggest hit, according to a new study. The oil and gas industry saw the lowest annual wage growth of any industry, just 0.8 percent based on first quarter figures analyzed by PayScale Inc., which tracks wage data. That number is in stark contrast from the historic wage growth of the industry. Since 2006, oil and gas workers have enjoyed a 19 percent increase in wages, the most of any industry. Houston’s wages also showed signs...
  • Iran Seeks to Mend Fences with Chinese Oil Firms to Get Projects Going

    04/09/2015 5:16:13 AM PDT · by thackney · 1 replies
    Reuters via Rig Zone ^ | April 09, 2015 | Chen Aizhu
    Iran hopes to resolve differences with Chinese energy companies on oil and gas projects in the Islamic republic, as Tehran wants to be ready to raise output quickly after a potential lifting of sanctions... The officials are in China this week to discuss Chinese investments in oil and gas developments in Iran, as well as oil sales, just days after world powers and the OPEC member reached a framework nuclear deal. The talks come ahead of a visit to Beijing by Iranian Oil Minister Bijan Zanganeh, his first since assuming his post two years ago. Iran, the world's fifth-largest oil...
  • Kemp: US Oil Production Is Probably Peaking Right Now

    04/08/2015 9:17:19 AM PDT · by thackney · 22 replies
    Reuters via Rig Zone ^ | April 08, 2015 | John Kemp
    ...Output will average 9.37 million barrels per day (bpd) in April and the same in May before falling to 9.33 million bpd in June and 9.04 million bpd by September, the EIA predicted in the April edition of its Short-Term Energy Outlook (STEO).... Production is forecast not to exceed this month's level for another 18 months. The EIA has cut its forecast for the end of 2016 by 230,000 bpd compared with three months ago... It is unlikely a halving of the rig count can be completely offset by greater target selectivity and other efficiency improvements such as employing only...
  • Tentative timetable set for project’s CPG approval {$1.2 billion project to run a power line}

    04/08/2015 7:23:49 AM PDT · by thackney · 1 replies
    Rutland Herald ^ | April 08, 2015 | Dan Colton
    A $1.2 billion project to run a power line from Canada to Ludlow may clear its final hurdle before the end of the year. Jeanne Elias, special counsel and case attorney to the Vermont Public Service Department, said she expects the Vermont Public Service Board to issue a Certificate of Public Good for the proposed New England Clean Power Link, or NECPL by December. The certificate would green-light a power line which would make its way through 150 miles of Vermont, much of it subterranean. Elias said the project’s tentative schedule forecasts construction commencing in 2017. She made the announcement...