Free Republic 3rd Quarter Fundraising Target: $88,000 Receipts & Pledges to-date: $6,844
7%  
Woo hoo!! And the first 7% is in!! Thank you all very much!!

Articles Posted by thackney

Brevity: Headers | « Text »
  • As Saudis Keep Pumping, Thirst for Domestic Oil Swells

    07/03/2015 4:39:13 AM PDT · by thackney · 3 replies
    Wall Street Journal ^ | July 2, 2015 | SUMMER SAID and AHMED AL OMRAN
    Saudi Arabia is poised to break records for oil production this summer, analysts said, as domestic-energy needs soar during its scorching summer and the holy month of Ramadan and threaten its ability to ramp up exports. Saudi Arabia has said it produced a near-record 10.3 million barrels a day in May, a mark that industry observers said could increase to 11 million barrels this summer as air-conditioning use increases with temperatures reaching 110 degrees Fahrenheit. The country has the ability to produce 12.3 million barrels a day for 90 days, but it has never pumped this much. Saudi output averaged...
  • Pence says Indiana will not comply with coal plant regulations

    07/03/2015 4:20:10 AM PDT · by thackney · 34 replies
    Power Engineering ^ | 07/01/2015 | Power Engineering
    Indiana will not comply with President Barack Obama's plan to battle climate change by requiring reductions in emissions from coal-fired power plants, Republican Gov. Mike Pence said Wednesday. The proposal as currently written, known as the Clean Power Plan, will make Indiana electricity more expensive and less reliable and hurt economic growth in Indiana and across the nation, Pence wrote in a letter to Obama. The plan targets pollution from the coal-fired power plants that Indiana relies on. Pence said the Indiana coal industry employs more than 26,000 people. "If your administration proceeds to finalize the Clean Power Plan, and...
  • U.S. oil rig count jumps up by a dozen, the first increase in 2015

    07/02/2015 12:59:11 PM PDT · by thackney · 7 replies
    Fuel Fix ^ | July 2, 2015 | Jordan Blum
    The amount of U.S. rigs drilling for oil increased for the first time this year after 29 consecutive weeks of declines. The number of actively drilling oil rigs jumped by 12 this week after several weeks of small decreases, which had indicated the streak of rigs being taken offline was nearing its end. The overall rig count, however, only grew by three rigs, because nine rigs drilling mostly for gas were taken out of service, according to data from oil services provider Baker Hughes. That is a switch from last week when three oil rigs were lost, but the gas-focused...
  • Obama administration delivers big blow to Shell’s Arctic drilling plans

    07/02/2015 5:25:39 AM PDT · by thackney · 10 replies
    Fuel Fix ^ | June 30, 2015 | Jennifer A. Dlouhy
    The Obama administration delivered a major blow to Shell’s Arctic drilling plans on Tuesday, by ruling that wildlife protections bar the company from simultaneously boring two wells into the Chukchi Sea this summer. The decision will force Shell to scale back its hopes of completing two exploratory oil wells in waters north of Alaska this summer and is another setback for the firm that has spent seven years and $7 billion trying to find crude in the Arctic Ocean. At issue is the Fish and Wildlife Service’s decision to allow sound from Shell’s planned drilling to disturb walruses, polar bears...
  • Fossil fuels have made up at least 80% of U.S. fuel mix since 1900

    07/02/2015 5:20:44 AM PDT · by thackney · 6 replies
    Energy Information Administration ^ | JULY 2, 2015 | Energy Information Administration
    While the energy history of the United States is one of significant change, three fossil fuel sources—petroleum, natural gas, and coal—have made up at least 80% of total U.S. energy consumption for more than 100 years. Recent increases in the domestic production of petroleum liquids and natural gas prompted shifts between the uses of fossil fuels (largely from coal-fired to natural gas-fired power generation), but the predominance of these three energy sources is likely to continue into the future. For the first several decades of American history, families used wood (a renewable energy source) as a primary source of energy....
  • Houston among top cities to find a job, despite oil slump

    07/01/2015 5:38:49 AM PDT · by thackney · 4 replies
    Houston Business Journal ^ | Jun 30, 2015 | Olivia Pulsinelli
    Despite the economic effects of the oil slump, Houston is still among the top metropolitan areas to find a job, a new report says. The Bayou City was second only to Provo, Utah, according to new data compiled by Career Builder and summarized by Forbes. The list ranks the largest 150 U.S. metros based on multiple factors, including unemployment rates, job listings growth and the amount of high-paying new jobs. Raleigh, North Carolina; San Jose, California; and Salt Lake City, Utah, round out the top five. Two other Texas metros — McAllen at No. 6 and Austin at No. 9...
  • Four Factors Influencing the Energy Industry Labor Pool

    06/30/2015 5:51:16 AM PDT · by thackney · 2 replies
    Power Engineering ^ | 06/18/2015 | MICHAEL P. MCMAHON
    The Center for Energy Workforce Development estimates that nearly half of the electric power generation, transmission and distribution workforce may be replaced in the coming years due to baby boomer retirements. As the demographics change, the energy industry is challenged with replacing a massive number of experienced workers all at the same time. While the scope and magnitude of the issue is widely recognized, there is no single solution to the problem. A closer look at the workforce challenge reveals social, cultural, and economic factors that should be considered when forming an effective solution. The following is a look at...
  • Bragging rights: So who is the world’s top oil producer?

    06/30/2015 5:16:39 AM PDT · by thackney · 1 replies
    Platts ^ | June 30, 2015 | Robert Perkins
    Earlier this month, BP’s latest Statistical Review unintentionally reopened a debate into whether the US has regained the crown as the world’s top oil producer after decades of being out-gunned by Saudi Arabia and Russia. Ostensibly a straight-forward measure of which country tops the leaderboard on oil output, BP’s widely-read yardstick has the US eclipsing both Saudi Arabia and Russia for the first time last year since 1975. Fueled by booming shale oil, BP said, US oil output hit 11.64 million b/d last year, a narrow but decisive margin over Saudi Arabia’s 11.51 million b/d. The devil is in the...
  • U.S. Manufacturing costs are almost as low as China’s, and that’s a very big deal

    06/29/2015 8:41:40 AM PDT · by thackney · 47 replies
    Fortune ^ | JUNE 26, 2015 | Brian Dumaine
    “Made in the U.S.A” is becoming more affordable. The reason? Fracking. You don’t need to a Nobel Prize in economics to know that the fracking revolution has been good for the U.S. What’s not so well known is just how competitive cheap oil and gas has made American manufacturing. BCG, the Boston consultancy, estimates the average cost to manufacture goods in the U.S. is now only 5% higher than in China and is actually 10% to 20% lower than in major European economies. Even more striking: BCG projects that by 2018 it will be 2% to 3% cheaper to make...
  • Supreme Court rules against EPA power plant mercury limits

    06/29/2015 8:35:03 AM PDT · by thackney
    Fuel Fix ^ | June 29, 2015 | Associated Press
    The Supreme Court has ruled against federal regulators’ attempt to limit power plant emissions of mercury and other hazardous air pollutants. The rules began to take effect in April, but the court said by a 5-4 vote Monday that the Environmental Protection Agency failed to take their cost into account when the agency first decided to regulate the toxic emissions from coal- and oil-fired plants.
  • Foreign companies helping fund U.S. petrochemical expansions, analysis finds

    06/29/2015 4:23:29 AM PDT · by thackney · 2 replies
    Fuel Fix ^ | June 26, 2015 | Rhiannon Meyers
    Foreign investors are helping fuel the U.S. petrochemical renaissance, as overseas companies scramble to take advantage of the surge of cheap domestic natural gas, according to a new industry analysis. Twelve of the 25 companies proposing to build or expand ethane crackers in the United States are international firms, underscoring the competitive advantage the U.S. continues to reap from the shale boom, according to Petrochemical Update, which analyzes construction trends for the petrochemical industry. Foreign interest in the U.S. petrochemical industry spiked after advances in horizontal drilling and hydraulic fracturing unleashed a wave of natural gas. Prices collapsed, quickly transforming...
  • Marcellus Shale region to see wave of large pipeline projects

    06/26/2015 5:43:27 AM PDT · by thackney · 12 replies
    PowerSource P-G ^ | June 23, 2015 | Stephanie Ritenbaugh
    Over the next three years, the Marcellus Shale region can expect to see about 17 pipeline projects meant to ship about 17.3 billion cubic feet per day of natural gas out of Pennsylvania, West Virginia and Ohio to end-users, according to IHS Energy. Those destinations “are varied, and in addition to New England, some are targeting the Midwest, eastern Canada and the South,” said Matthew Piatek, associate director of North American natural gas for IHS, which tracks energy markets. “Given the amount of production in the tri-state area currently, it will be able to satisfy the lion’s share of Mid-Atlantic...
  • Where is the Oil?

    06/26/2015 5:37:02 AM PDT · by thackney · 10 replies
    Real Clear Energy ^ | June 25, 2015 | Phil Verleger
    For several months, oil market pundits (economists, analysts, company spokespeople, and government officials) have warned of a developing global crude oil surplus. Early this year, IEA economists even asserted world storage capacity might be exhausted. Today pundits still suggest we will confront a serious imbalance by year’s end. The market data do not reflect these views. Since Saint Patrick’s Day, prices have increased as much as thirty-seven percent from their recent lows. Some of the rise can be attributed to passive investor and speculator buying. However, speculation is not the whole story. The sharp contango (when a future market price...
  • Debate intensifies over the nation’s gas pipeline needs

    06/25/2015 1:07:53 PM PDT · by thackney · 4 replies
    Fuel Fix ^ | June 25, 2015 | Jordan Blum
    The numerous pipeline projects already in the works are more than sufficient to handle the increased natural gas demands in the U.S., with a federal push to limit carbon emissions, according to a new report from the Advanced Energy Economy Institute that urges for more clean power solutions. The new report attempts to counter claims by the North American Electric Reliability Corp. and other stakeholders that contend the nation’s increasing reliance on cheap natural gas for electricity will require more pipeline and power generation capacity. Such critics say the problems will be exacerbated and the nation’s grid reliability will suffer...
  • U.S. refinery capacity reaches 18 million barrels per day

    06/25/2015 9:48:54 AM PDT · by thackney · 6 replies
    Energy Information Administration ^ | June 24, 2015 | Energy Information Administration
    U.S. operable atmospheric crude distillation (CDU) capacity increased by 0.2% in 2014, reaching 18.0 million barrels per calendar day (b/d) according to EIA's recently released annual Refinery Capacity Report (Figure 1). This was the second consecutive year of modest capacity growth following the 2.9% increase in 2012 that resulted from the restart of East Coast refineries that had closed in 2011. The capacities of secondary units that support heavy crude processing and production of ultra-low sulfur diesel and gasoline, including thermal cracking (coking), catalytic hydrocracking, and hydrotreating/desulfurization, also increased. The refinery capacity reported for the start of 2015 includes expansions...
  • Rigzone 2Q Survey Reveals Oil, Gas Companies Reluctant to Hire

    06/25/2015 9:40:23 AM PDT · by thackney · 4 replies
    Rig Zone ^ | 6/25/2015 | Valerie Jones|
    Still grappling with market uncertainty, 51 percent of global hiring managers decreased their hiring efforts in the past three months, according to Rigzone’s latest global hiring survey. Additionally, 13 percent have completely frozen their recruitment plans. Since oil prices bottomed out in mid-March, the industry has seen slight increases in oil price per barrel, but not enough for oil and gas companies to feel comfortable enough to actively increase hiring plans in the near future, the survey revealed. In fact, 54 percent of global hiring managers said they believe job cuts are more likely in the next six months and...
  • Slow sales cause Honda to scrub natural gas, hybrid Civics

    06/16/2015 9:47:52 AM PDT · by thackney · 21 replies
    Fox News ^ | June 16, 2015 | Associated Press
    Slow sales and falling gasoline prices have prompted Honda to stop selling gas-electric hybrid and natural gas-powered versions of its Civic compact car. The company also said that it will discontinue a plug-in rechargeable version of the midsize Accord. But it plans to roll out a new, more efficient version of the Accord hybrid early next year. And a new plug-in Accord will come later. Executive Vice President John Mendel said Monday in a statement that production of the natural gas Civic already has been halted, and hybrid Civic production will end after the 2015 model year.
  • Tropical Storm Bill Advances Toward Texas Coast

    06/16/2015 6:48:13 AM PDT · by thackney · 77 replies
    Rig Zone ^ | June 16, 2015 | Reuters
    Tropical Storm Bill hurtled toward the Texas coast from the Gulf of Mexico early on Tuesday with heavy rains and strong winds, the National Weather Service said, weeks after floods killed about 30 people in the state. Flash flood watches were in effect for central Texas and the Houston area, regions where floods last month swallowed thousands of vehicles and damaged homes. The storm was projected to hit the coast at Matagorda Bay and churn through central Texas toward Austin. Heavy rain had already drenched parts of Texas over the weekend, pushing already high rivers closer to overflowing their banks....
  • EIA’s mapping system highlights energy infrastructure across the United States

    06/16/2015 6:31:30 AM PDT · by thackney · 6 replies
    Energy Information Administration ^ | June 16, 2015 | Energy Information Administration
    EIA's energy mapping system is a data-intensive visual reference tool that includes several map layers defining energy infrastructure components across the United States. Using this series of maps, viewers can see crude oil, petroleum, natural gas, or hydrocarbon gas liquid pipelines, terminals, and ports in their area, as well as high voltage electric transmission lines. The mapping system combines information from many government agencies as well as public and private sources. Understanding infrastructure components is helpful as energy supply and consumption patterns change. These map layers can be presented over several base layers with geographic, topographic, street, or satellite image...
  • Mideast oil powers Saudi Arabia, UAE to cut gasoline imports

    06/16/2015 6:03:46 AM PDT · by thackney
    Reuters ^ | Jun 15, 2015 | Seng Li Peng
    -Saudis, UAE to cut gasoline imports as refining capacity grows -Shrinking OECD refining capacity to replace some import demand -Asian demand pushes gasoline margins to over 6-year high ...Saudi Arabia and the United Arab Emirates will sharply cut or even halt costly gasoline imports next year after ramping up new refining capacities that put them a step closer to becoming exporters of the motor fuel. The estimated loss of at least 60,000 barrels per day (bpd) in shipments to Saudi Arabia and the UAE is expected to be mitigated by strong global demand that will help replace revenue lost by...
  • Oil exploration in the U.S. Arctic continues despite current price environment

    06/12/2015 5:49:05 AM PDT · by thackney · 4 replies
    Energy Information Administration ^ | JUNE 12, 2015 | Energy Information Administration
    Alaska's crude oil production has declined from 1.8 million barrels per day (MMb/d) in 1991 to 0.5 MMb/d in 2014, and it is expected to continue declining through 2040. Almost 75% of Alaska's crude oil production from 1990 to 2012 was from the Prudhoe Bay and Kuparuk River fields in the central North Slope, which respectively produced 4.9 billion and 1.7 billion barrels of crude oil over this period. Crude oil production in Alaska is sensitive to the challenging environment—including variable ice conditions and limited time without ice coverage—as well as pipeline economics. However, recent conditional approval granted to Royal...
  • IEA: Crude demand returns, and OPEC steps up

    06/12/2015 5:44:52 AM PDT · by thackney · 1 replies
    Fuel Fix ^ | June 11, 2015 | Collin Eaton
    The world’s appetite for crude is making a comeback as economies improve and cheap oil draws out more buyers, the International Energy Agency says. In its monthly oil market report released Thursday, the IEA revised its estimate of daily global oil demand in the first half of the year by 400,000 barrels, as the United States and other developed nations reversed a “long declining, seemingly entrenched, trend to a rising one.” Worldwide, daily demand was 93.3 million barrels for the last six months, up 1.6 million from the same period last year. And the IEA believes demand could rise to...
  • Oil company Pemex has biggest exploration success in 5 years

    06/11/2015 5:32:37 AM PDT · by thackney · 1 replies
    Financial Times ^ | June 11, 2015 | Jude Webber
    Mexican state oil company Pemex announced five new shallow­water discoveries in the Gulf of Mexico in what it said was its biggest exploration success in five years. Emilio Lozoya, Pemex chief, made the announcement at the inauguration of a national oil and gas conference one month before Mexico’s historic first oil and gas tender. The July 15 auction, of 14 shallow­water exploration blocks in the same area as the new discoveries, is expected to signal the start of billions of dollars in private investment flowing into the sector. “The certain prospect of 200,000 extra barrels of production is very good...
  • Ukraine battles deadly blaze after huge fuel depot blast near Kiev

    06/10/2015 1:18:18 PM PDT · by thackney · 3 replies
    BBC ^ | 9 June 2015 | BBC
    Emergency crews are continuing to battle a huge fire south-west of the Ukrainian capital Kiev, following a blast at a fuel depot. Four people were killed, including three emergency ministry employees. The fire at the depot, next to an army base near the town of Vasylkiv, sent huge plumes of smoke over the surrounding area. Kiev Mayor Vitaly Klitschko warned that harmful substances in the air over the city exceeded maximum allowed levels. He urged residents with respiratory problems to limit their "exposure to the open air". The cause of the blaze about 30km (19 miles) from Kiev is being...
  • Oil Prices To Remain Capped In The Short Term, Despite Fewer Shale Oil Barrels

    06/10/2015 8:28:47 AM PDT · by thackney · 14 replies
    Forbes ^ | 6/10/2015 | Trefis Team
    The most recent Drilling Productivity Report from the U.S. Energy Information Administration reveals that the phased impact of lower oil prices on U.S. tight oil production growth, is finally starting to show up and is expected to increase in magnitude over the next couple of months. The agency estimates crude oil production from the seven key regions in the Lower 48 states to have declined by around 44,000 barrels per day, or 0.8% month-on-month in May, and expects the decline rate to increase to around 91,000 barrels per day, or 1.7% month-on-month by July of this year. According to the...
  • Millennials: Job Hopping or Advancing Careers?

    06/10/2015 8:18:11 AM PDT · by thackney · 38 replies
    Rig Zone ^ | June 09, 2015 | Valerie Jones
    While many HR professionals have seen the oil and gas industry’s downturn as an opportunity to acquire some highly-skilled workers, the industry is still challenged with a shortage of STEM-capable people in the pipeline. And once the industry is back on the uptick, oil and gas companies will have to rehire – probably rather quickly – to remain competitive. So HR has some important decisions ahead. And while one can never determine how long an individual will stay with a company, Chris Melillo, managing partner and energy practice leader for Kaye/Bassman International Corp., recently told Rigzone it was a very...
  • Offshore oil drilling banned along new stretch of California coast

    06/10/2015 6:39:05 AM PDT · by thackney · 9 replies
    Mercury News ^ | 06/10/2015
    In the largest expansion of national marine sanctuaries in California in 23 years, the Obama administration on Tuesday more than doubled the size of two Northern California marine sanctuaries, extending them by 50 miles up the rugged Sonoma and Mendocino coasts. Under the dramatic move by the National Oceanic and Atmospheric Administration, the boundaries of the Gulf of the Farallones and Cordell Bank national marine sanctuaries expand from Bodega Bay to Point Arena, permanently banning offshore oil drilling along that stretch of coast. "These waters represent an extraordinary marine ecosystem, one of the richest on our planet," said Maria Brown,...
  • Santa Barbara County official rejects plan to move crude oil by truck

    06/10/2015 6:35:27 AM PDT · by thackney · 4 replies
    LA Times ^ | JUNE 10, 2015 | Javier Panzar
    A Santa Barbara County official has rejected a proposal by Exxon Mobil to send a fleet of 6,720-gallon trucks on as many as 192 daily trips on U.S. 101 while the pipeline the company normally uses is out of commission after last month's oil spill. Dianne Black, assistant director of planning and development for Santa Barbara County, shot down the plan to use as many as eight trucks per hour, 24 hours a day, to transport oil from an Exxon facility near El Capitan State Beach to refineries as far away as San Luis Obispo County. Crude oil typically moves...
  • The Single Most Important Chart In O&G Is On The Move

    06/09/2015 9:54:34 AM PDT · by thackney · 12 replies
    Oil Pro ^ | 6/9/2015 | Joseph Triepke
    Yesterday's Drilling Productivity Report from the EIA better defines the inflection point many in the industry have been waiting for since late-last year. US tight oil production is rolling over, and EIA sees the decline accelerating. We believe the relationship between the US rig count and US oil production is the most critical in O&G today, for it is the cornerstone of most global trough/recovery scenarios. By next month, all of the 2015 production gains will be given up per the EIA, and, at this pace, all of 2014's gains (some 1.1mmbpd) could be wiped away by mid-2016. Of course,...
  • U.S. shale production set to fall again in July, EIA says

    06/09/2015 5:25:46 AM PDT · by thackney · 3 replies
    Fuel Fix ^ | June 8, 2015 | Collin Eaton
    The federal forecast of U.S. shale production is sinking again for the third month in a row, but the decline is still just a thin layer off the top. Daily oil production at the nation’s six biggest shale plays is set to slip by 91,000 barrels from June to July, the Energy Information Administration says. That’s roughly 2 percent of the 5.48 million U.S. barrels anticipated next month, hardly the kind of decline oil-industry stakeholders had expected for after drillers sidelined nearly 1,000 oil-drilling rigs in the last six and a half months. “It’s a pretty resilient industry,” said Bill...
  • Five G7 nations increased their coal use over a five-year period, research shows

    06/09/2015 5:21:47 AM PDT · by thackney · 1 replies
    The Guardian ^ | 8 June 2015 | John Vidal
    Five of the world’s seven richest countries have increased their coal use in the last five years despite demanding that poor countries slash their carbon emissions to avoid catastrophic climate change, new research shows. Britain, Germany, Italy, Japan and France together burned 16% more coal in 2013 than 2009 and are planning to further increase construction of coal-fired power stations. Only the US and Canada of the G7 countries meeting on Monday in Berlin have reduced coal consumption since the Copenhagen climate summit in 2009. The US has reduced its coal consumption by 8% largely because of fracking for shale...
  • New data series show more detail for crude oil stocks, storage by region

    06/08/2015 5:57:17 AM PDT · by thackney · 1 replies
    Energy Information Administration ^ | JUNE 8, 2015 | Energy Information Administration
    In an effort to better present crude oil storage capacity and use across the United States, EIA has prepared new tables as part of the semiannual Working and Net Available Shell Storage Capacity Report. The new series show crude oil stocks held at refineries crude oil in tanks and underground storage in each Petroleum Administration for Defense District (PADD). Previously, this information was only available at the national level. Crude oil stocks in tanks and underground storage are used to calculate storage capacity utilization rates and to derive the quantity of crude oil held in pipelines and in transit by...
  • OPEC members approve Indonesia's bid to rejoin: Indonesia Energy Ministry

    06/08/2015 5:19:59 AM PDT · by thackney · 4 replies
    Reuters via Fiscal Times ^ | June 5, 2015 | Alex Lawler and Jonathan Leff
    Te Saudi Arabian government delegation appreciate and fully support the decision of the Indonesian government to become an OPEC member again, because Indonesia is one of the founders of OPEC," Indonesian Energy Minister Sudirman Said said in the statement. Saudi Arabia is Indonesia's top crude supplier. Naimi will also push for Saudi state oil firm Saudi Aramco to invest in Indonesia's downstream sector, Said said.
  • China Now World's Largest Oil Importer; Effect on Global Market

    06/08/2015 5:13:10 AM PDT · by thackney · 37 replies
    Forbes ^ | 6/08/2015 | Tom Morgan
    Although data_opacity makes objective_analysis difficult, market observers reported in April that China has surpassed the United States as the world’s largest oil_importer. This statistical inflection point needs context to understand global consumption trends. While oil bulls are anxious about China’s reduced crude growth appetite, fundamental shifts in Chinese currency and domestic consumption strategies point to long-term growth in Chinese hydrocarbon consumption generally. Keith Johnson wrote in Foreign Policy on May 11, 2015, “… China’s continued and, indeed, deepening reliance on volatile regions for the world for energy supplies, especially the Middle East, points to continued security vulnerabilities for Beijing for...
  • The EPA’s ‘Clean Power’ Mess

    06/08/2015 5:09:00 AM PDT · by thackney · 10 replies
    Wall Street Journal ^ | June 7, 2015 | BENJAMIN ZYCHER
    ‘Flexibility” is the advertised hallmark of the Environmental Protection Agency’s proposed Clean Power Plan, which by 2030 would reduce carbon-dioxide emissions from U.S. power plants by 30% from 2005 levels. The central feature of the plan is a forced shift away from inexpensive coal-fired power. Not to worry, says EPA Administrator Gina McCarthy: “With EPA’s flexible proposal, states choose the ways we cut carbon pollution, so we can still have affordable, reliable power to grow our economy.” Under the plan, the EPA will set a carbon-dioxide-emissions target for every state, and give each state roughly a year to develop and...
  • CD-5 upheld, production to begin in December {oil, NPRA}

    06/02/2015 8:10:10 AM PDT · by thackney · 13 replies
    Alaska Journal of Commerce ^ | 2015.05.27 | TIM BRADNER
    In what is likely the final action in a lengthy environmental lawsuit against ConocoPhillips’ CD-5 project on the North Slope, U.S. District Court Judge Sharon Gleason denied the plaintiff’s final motion for a summary judgment to invalidate the U.S. Army Corps of Engineers’ Record of Decision and permits for the project. The suit was filed in 2013 by several residents of Nuiqsut, a nearby Inupiat village. The project itself, a satellite of the producing Alpine oil field near the Colville River, has been under construction since 2013 and is nearing completion. Although Gleason ruled in 2014 that the Corps did...
  • Exxon Mobil gets DOE approval for wider LNG exports at Alaska terminal

    06/02/2015 8:05:03 AM PDT · by thackney · 3 replies
    Dallas Business Journal ^ | Jun 1, 2015 | Nicholas Sakelaris
    Irving, Texas-based Exxon Mobil Corp. said June 1 it received authorization to export liquefied natural gas to non-free trade agreement countries at its Alaska LNG terminal. The proposed project received conditional authorization from the U.S. Department of Energy to export up to 20 million metric tons per year of LNG for 30 years. The terminal previously received authorization to export to countries with U.S. trade agreements. “As with any large scale LNG project, access to as many markets as possible will improve the commercial viability of the proposed project,” Steve Butt, Alaska LNG senior project manager, said in a statement....
  • IPL plans $25M energy storage facility at Harding Street power plant

    06/02/2015 5:25:26 AM PDT · by thackney · 13 replies
    Power Engineering ^ | 06/01/2015 | Power Engineering
    Indianapolis Power & Light Co. (IPL) plans to construct a $25 million energy-storage facility in central Indiana. Department of Metropolitan Development officials said IPL is looking at two spots for the battery energy storage system (BESS): one at the Harding Street Station in Marion County, Indiana; and the other is at a new $600 million Eagle Valley plant under construction in Morgan County. Officials estimate the project at the Harding Street plant to cost $24.5 million for new equipment and $500,000 for real estate. However, the project would not be eligible for a real estate tax abatement. IPL is seeking...
  • It's Official: Natural Gas is Killing Coal

    06/01/2015 4:42:02 AM PDT · by thackney · 51 replies
    Motley Fool ^ | May 31, 2015 | Justin Loiseau
    There's no denying that natural gas is revolutionizing our energy economy, but few believed it could deal such a swift death blow to coal, the commodity that brought us into the Industrial Revolution and has been our backbone ever since. But the signs are irrefutable. Here's what you need to know. A historic battle Coal and natural gas have been going at it for a while. Traditionally, these were actually complementary energy sources. As a cheaper fuel that was more difficult to manage, coal-fired generation plants were the "slow burners" that kept our energy capacity steady throughout the day. Relatively...
  • Easy Access to Money Keeps U.S. Oil Pumping

    06/01/2015 4:31:19 AM PDT · by thackney · 16 replies
    Wall Street Journal ^ | May 31, 2015 | RUSSELL GOLD
    Wall Street’s generous supply of funds to U.S. oil drillers helped create the American energy boom. Now that same access to easy money is keeping them going, despite oil prices that are languishing around $60 a barrel. The flow of money into oil has allowed U.S. companies to avoid liquidity problems and kept American crude production from falling sharply. Even though more than half of the rigs that were drilling new wells in September have been banished to storage yards, in mid-May nearly 9.6 million barrels of oil a day were pumped across the country, the highest level since 1970,...
  • More oil rigs shut down

    06/01/2015 4:18:26 AM PDT · by thackney · 5 replies
    Fuel Fix ^ | May 29, 2015 | Robert Grattan
    Drillers found another 13 oil rigs to set aside this week, as the industry continued to tighten its belt amid low prices. The number of U.S. rigs chasing oil fell to a total of 646, while gas rigs rose by three to 225. Combined, the total Baker Hughes rig count fell by 10 to 875. Miscellaneous rigs were unchanged at four. The rig count, considered a proxy for industry activity, has fallen sharply since oil prices collapsed last summer. Exploration and production companies have slashed budgets and idled rigs as drilling for now-cheaper crude has become less profitable. Overall, Baker...
  • Crude by rail receipts continue to be an important source of supply for West Coast refiners

    05/29/2015 6:11:44 AM PDT · by thackney · 2 replies
    Energy Information Administration ^ | May 28, 2015 | Energy Information Administration
    This Week in Petroleum has previously examined crude oil supply patterns on the West Coast, noting the increase in unaccounted-for supply, and then linking the increase to movements of crude by railroad. EIA’s recently launched crude-by-rail data enable a more detailed analysis of emerging crude oil supply patterns on the West Coast. The data indicate that most crude-by-rail deliveries into PADD 5 are destined for refineries in Washington state, and that despite recent delays in crude-by-rail projects in California, refineries in the San Francisco and Los Angeles areas are not entirely without access to domestic crude oil from other regions....
  • Bulk chemical feedstock use a key part of increasing industrial energy demand

    05/29/2015 6:03:29 AM PDT · by thackney · 1 replies
    Energy Information Administration ^ | MAY 29, 2015 | Energy Information Administration
    Industrial sector energy consumption is expected to grow faster than all other sectors, according to EIA's Annual Energy Outlook 2015. A large portion of both consumption and anticipated growth is in the bulk chemicals industry, which is able to take advantage of increased domestic supply of natural gas, hydrocarbon gas liquids (HGL), and petrochemical feedstocks. While some energy is used in the bulk chemical manufacturing process for heat and power, most energy in that industry is used as feedstocks, or raw materials used in the manufacture of chemicals. Most bulk chemicals are intermediate products used to produce final products such...
  • Construction kicks off for hydroelectric plant near Houston {not dam}

    05/28/2015 5:10:02 AM PDT · by thackney · 14 replies
    Fuel Fix ^ | May 27, 2015 | Jordan Blum
    Houston is oil and gas country, but hydroelectric power is coming to the region through Lake Livingston. The East Texas Electric Cooperative, or ETEC, broke ground Wednesday on the new 24-megawatt hydroelectric plant will power about 12,000 eastern Texas homes and generate about $1 million annually for the city of Houston for the right to use city facilities at the lake. The power plant at the existing Lake Livingston dam is scheduled for completion in 2018. The plant is rarity for Texas as a state with limited water resources and with hydroelectric plants already built decades ago along many of...
  • California oil spill company slightly downgrades size of pipeline leak

    05/27/2015 4:10:45 AM PDT · by thackney · 8 replies
    The Guardian ^ | 5/25/2015 | AP
    Plains All American Pipeline, the company which owns the pipeline at the centre of an oil spill off the coast of California, on Monday downgraded the amount of oil it says spilled in a worst-case scenario. The company said the estimate of the worst-case volume of oil released was up to 101,000 gallons – about 4,200 gallons less than previously believed. Plains All American is still cleaning up the spill along the Santa Barbara County coastline and recovering oil from the pipeline, so the calculations are not final.
  • Technology for a Saudi fracking boom moves closer to reality

    05/27/2015 4:07:06 AM PDT · by thackney · 20 replies
    CNBC ^ | 5/26/2015 | Andrew Zaleski
    ...carbonite-formations, and no region has as much oil and gas trapped in carbonate-formations as the Middle East. Carbonates are areas of sedimentary rock-Limestone, for instance—that contain many natural cracks inside them. Carbonite-formations are estimated to hold 60 percent of the world's oil and 40 percent of the world's gas reserves. In the Middle East, roughly 70 percent of oil and 90 percent of gas reserves are trapped in the carbonite, according to oil services giant Schlumberger.... ...Saudia Arabia is fifth in the world when it comes to recoverable gas reserves. Much of that is in carbonate-formation. What Saudia Arabia doesn't...
  • Dallas Fed: Texas manufacturers slumped to Great Recession-level output in May

    05/27/2015 3:57:44 AM PDT · by thackney · 7 replies
    Fuel Fix ^ | May 26, 2015 | Collin Eaton
    The Dallas Fed says factories churning out equipment and products in Texas slowed their output this month to levels unseen since 2009 when the nation was still mired in a recession. Texas manufacturing activity in May edged lower for the third month in a row as the effects of the oil slump continued to ripple through the state. About 28 percent of the state’s manufacturers reported a slowdown, according to the Federal Reserve Bank of Dallas’ monthly survey on Tuesday. “We are seeing all industries hold cash,” a fabricated metal manufacturing executive said in the survey. Others said refineries are...
  • Cheaper oil isn't such a benefit for US economy anymore as pullbacks in drilling cause damage

    05/22/2015 10:10:17 AM PDT · by thackney · 84 replies
    AP via Calgary Herald ^ | 05.19.2015 | CHRISTOPHER S. RUGABER
    Full Title: Cheaper oil isn't such a benefit for US economy anymore as pullbacks in drilling cause damage If there was one thing most economists agreed on at the start of the year, it was this: Plunging oil prices would boost the U.S. economy. It hasn't worked out that way. The economy is thought to have shrunk in the January-March quarter and may barely grow for the first half of 2015 — thanks in part to sharp cuts in energy drilling. And despite their savings at the gas pump, consumers have slowed rather than increased their spending.... So what did...
  • China coal use continues to fall precipitously in 2015

    05/22/2015 5:26:33 AM PDT · by thackney · 14 replies
    Renew Economy ^ | 18 May 2015 | Joshua Hill
    New figures show that China’s use of coal has continued to fall dramatically over the first four months of 2015, according to Greenpeace Energydesk. In fact, following news in October of 2014 that showed coal use had fallen for the first time this century, these most recent figures suggest that the decline in China’s coal use is actually accelerating. According to Energydesk, coal consumption in China fell by almost 8%, and CO2 emissions dropped by approximately 5% over the first four months of 2015, when compared to the first four months of 2014. Impressively, for China, their figures are roughly...
  • Net imports of natural gas fall to lowest level since 1987

    05/22/2015 5:10:54 AM PDT · by thackney
    Energy Information Administration ^ | MAY 21, 2015 | Energy Information Administration
    U.S. net imports of natural gas decreased 9% in 2014, continuing an eight-year decline. As U.S. dry natural gas production has reached record highs, lower domestic prices have helped to displace natural gas imports. Net natural gas imports (imports minus exports) totaled 1,171 billion cubic feet (Bcf) in 2014, the lowest level since 1987. Imports by pipeline from Canada account for nearly 98% of all U.S. natural gas imports, and were the main driver of the decrease in total imports. Net imports from Canada represented 7% of total U.S. natural gas consumption in 2014, down from 11% in 2009. U.S....