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Keyword: naturalgas

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  • Feds OK first-in-decades oil studies off East Coast

    07/18/2014 11:21:43 AM PDT · by thackney · 17 replies
    Fuel Fix ^ | July 18, 2014 | Jennifer A. Dlouhy
    The Obama administration on Friday gave the oil industry the green light to use air guns and sonic sensors to search for possible oil and gas under Atlantic waters, overriding environmentalists concerned that the seismic research can harm whales and other marine life. Although geophysical research companies will still have to apply for individual permits to conduct seismic studies along the south- and mid-Atlantic coast ó and undergo more rigorous environmental scrutiny of their specific plans ó the Interior Departmentís formal decision opens the door for the activity. Fridayís move also helps pave the way for possible drilling off the...
  • BLM: More money needed for inspections

    07/18/2014 7:30:16 AM PDT · by george76 · 24 replies
    Albuquerque Business First ^ | Jul 18, 2014 | Gary Gerew
    Bureau of Land Management Director Neil Kornze said that increased drilling and a shortage of staff are behind his agencyís request for a fee system to increase the agencyís inspection capacity. ... BLM is focused on a range of inspections, including drilling and production inspections. ... Irregular and declining budgets have hindered our ability to move out aggressively in this area. Through the Presidentís 2015 budget proposal, we are now seeking to fund inspections through a fee system that will allow us to be much more responsive to the needs of industry and, importantly, to meet the foundational safety and...
  • Voters should not make engineering decisions

    07/16/2014 11:20:36 AM PDT · by thackney · 19 replies
    Houston Chronicle ^ | July 16, 2014 | Chris Tomlinson
    Denton late Tuesday night became the latest jurisdiction to announce a referendum on a drilling technique, joining Colorado and New York in allowing voters to decide where hydraulic fracturing for oil and gas may take place. This a deeply worrying trend that mixes misinformation with a not-in-my-backyard attitude that too often ignores science, engineering and the nation's need for energy. In many ways, though, the drilling companies and state regulators have themselves to blame for public outrage by failing to quickly and transparently address the concerns of local residents. First, let me say I've spoken to a lot of people...
  • Op-Ed: The Arctic's Huge Store of Methane Gas: 'Ticking time-bomb?' (Methane Gas New Evil)

    07/13/2014 9:13:51 PM PDT · by Up Yours Marxists · 39 replies
    Digital Journal ^ | July 13, 2014 22:12 GMT | Karen Graham
    Some climate change proponents are saying the huge amounts of methane gas, stored under the Arctic ice is a potential "ticking time bomb." They claim that we must stop extracting fossil fuels that put more CO2 into our atmosphere or face disaster. Methane is only one of a number of gases called greenhouse gases (GHG) that can absorb and emit infrared radiation, or in other words, this means they can trap and absorb heat. The most abundant GHG is water vapor, followed by carbon dioxide, methane, nitrous oxide, ozone and CFC's. By measuring atmospheric infrared radiation, climatologists are able to...
  • Houston pay tops nation on oil, gas strength

    07/11/2014 5:06:41 AM PDT · by thackney · 4 replies
    Fuel Fix ^ | July 10, 2014 | Collin Eaton
    Houston outpaced every city in the nation in annual wage growth during the second quarter, thanks largely to a bump in oil and gas-industry pay, according to PayScale. The Seattle-based pay tracker said the cityís 3 percent rise in annual wages beat the national average of 1.8 percent from April to June. Thatís the second consecutive quarter that Houston wage-earners beat the national average, after a sluggish 2013 that saw pay in the energy capital flatten. (Average wage earners werenít the only ones who had flat paydays last year: Some compensation packages for the chief executives of oil and gas...
  • Leaked paper: EU wants Ďguaranteedí access to US oil and gas

    07/09/2014 11:07:29 PM PDT · by Olog-hai · 20 replies
    EU Observer ^ | 07/09/14 @ 09:27 | Benjamin Fox
    The EU wants the US to lift its restrictions on exporting gas and crude oil as part of ongoing trade talks, according to a leaked European Commission document. The strategy paper by the EU executive, obtained by the Washington Post, calls for ďa legally binding commitment Ö guaranteeing the free export of crude oil and gas resourcesĒ. EU and US trade officials will hold their sixth round of talks on an ambitious Transatlantic Trade and Investment Partnership (TTIP) in Brussels next week, which officials argue could be worth Ä100 billion per year, equivalent to an additional 0.5 percent of EU...
  • Surge of industrial projects could lift U.S. gas demand by 19 percent

    07/09/2014 5:25:40 AM PDT · by thackney · 7 replies
    Fuel Fix ^ | July 8, 2014 | Collin Eaton
    A wave of gas-to-liquids investments and other U.S. industrial projects will likely boost demand for natural gas by 19 to 31 percent through the end of the decade, a new study shows. After shale gas flooded U.S. markets, chemical makers and other firms planned enough gas-intensive industrial projects Ė now under construction or obtaining permits Ė to boost daily industrial gas demand from 19.6 to 23.5 billion cubic feet of gas per day in 2020, according to the University of Texasí Center for Energy Economics. All told, thatís an $83 billion venture. If all 144 proposed industrial projects are built,...
  • Saudi Gas Development Plans Hit..

    07/07/2014 9:39:07 PM PDT · by Rabin · 10 replies
    Rigzone ^ | July 07, 2014 | Rania El Gamal; editing by Sami Aboudi and John Stonestreet
    Royal Dutch Shell is ending investments in a gas development project in Saudi Arabia. The emergence of the shale gas industry has opened up more lucrative opportunities for energy companies elsewhere. Shell has decided to end further investment in the Kidan area of the Empty Quarter, the sea of sand dunes that cover south-east Saudi Arabia. Italy's ENI, Spain's Repsol and France's Total - have already abandoned the search for commercially viable gas deposits in that part of Saudi Arabia. Kidan, rich in sour gas...
  • Philippines Considers LNG Import Receiving Options

    07/04/2014 6:23:35 AM PDT · by thackney · 1 replies
    Rig Zone ^ | July 04, 2014 | Cheang Chee Yew|
    Like most of its Asian neighbors, the Philippines has been a net energy importer for decades. The countryís dependence on hydrocarbons is relatively lower as compared to South Korea or Singapore as it has alternatives such as geothermal, hydropower and other renewable sources for electricity generation. But rising energy consumption and the expected depletion of gas resource at the offshore Malampaya field Ė the countryís major gas development Ė in a decadeís time has induced the Philippines to seek alternative energy supplies. Liquefied natural gas (LNG) import, together with the accompanying gas receiving facilities, is one of the options being...
  • Holyoke farmers mkt to get visit from bicyclists highlighting concerns about proposedÖGas Pipeline

    07/03/2014 10:38:38 AM PDT · by matt04 · 6 replies
    ix members of the Climate Summer 2014 Team Western Mass. have been bicycling across the state and will be at the farmers' market here Thursday (July 3) to highlight concerns about the proposed expansion of the Tennessee Gas Pipeline. The expansion of the pipeline in the Northeastern United States is believed to include a route through Franklin County, though a company spokesman said routes haven't been finalized and the company is committed to public safety and protection of the environment. Tennessee Gas Pipeline is part of the Kinder-Morgan company of Houston, Texas. The proposed mainline route of the company's Northeast...
  • New ND Flaring Regs Make Statoil's Nat Gas Container System Timely

    07/03/2014 5:45:05 AM PDT · by thackney · 18 replies
    Fuel Fix ^ | July 02, 2014 | Gene Lockard
    Statoil ASA recently announced a container system to reduce flaring in the Bakken. The companyís timing could not have been better, considering that North Dakota just approved new flaring regulations. More restrictive regulations covering flaring on existing wells were passed by the North Dakota Industrial Commission Ė the stateís regulating entity for oil and gas Ė July 1. The goal of the commission is to reduce flaring to 26 percent by the fourth quarter of 2014, 23 percent by the first quarter of 2016, and 10 percent Ė with the potential of 5 percent Ė by the fourth quarter of...
  • The First Crisis Hits Shale Drilling {hyperbole}

    07/02/2014 5:37:06 AM PDT · by thackney · 10 replies
    Real Clear Energy ^ | July 1, 2014 | Dave Forest
    "Crisis" may be a little hyperbolic. But shale production of oil and gas in America suddenly got a lot riskier this week. That's because of a landmark decision from one of the highest state courts in the land. Upholding the right of individual towns to regulate shale drilling, trumping state or federal regulatory regimes. The ruling came down yesterday in New York. Where the State Court of Appeals voted 5-2 to reject challenges to fracking rules imposed on the oil and gas industry by two municipalities in the state: Dryden and Middlefield. The saga started in 2011. When the two...
  • Officials say power grid is on the brink {New England}

    07/02/2014 4:36:24 AM PDT · by thackney · 74 replies
    SeacoastOnline ^ | July 01, 2014 | Deborah McDermott
    New England states are united in proposing that a tariff be imposed on electricity rates throughout the region to fund more natural gas pipelines and increased transmission infrastructure ó to reverse electricity costs that are among the highest in the nation. The proposal is a necessary step because the region has limited gas pipeline capacity despite a demand that has grown from 6 percent in 2000 to 46 percent in 2013, energy experts said at a forum sponsored by The New England Council at St. Anselm's College in Manchester Monday. At the same time, more and more coal-fired, oil and...
  • Worker Safety Remains the First Priority for Oil, Gas Companies

    06/30/2014 1:00:14 PM PDT · by thackney · 18 replies
    Rig Zone ^ | June 30, 2014 | Gene Lockard
    Safety is first among every oil and gas company. Regardless of whether an employee works in the field, on a rig, or in a high-rise office, they will be reminded time and time again just how important the safety of every employee is to the company, and to the industry. But as more young workers are hired into the industry, the issue has taken on an increased importance. Younger workers differ from older ones by having fewer fatalities, but more total injuries and more serious injuries, according to safety and injury incident research from the Center for Disease Control and...
  • New York top court OKs local gas-drilling bans

    06/30/2014 7:36:58 AM PDT · by Olog-hai · 10 replies
    Associated Press ^ | Jun 30, 2014 10:20 AM EDT | Michael Hill
    New Yorkís top court handed a victory to opponents of hydraulic fracturing for natural gas Monday by affirming the right of municipalities to ban the practice within their borders. The state Court of Appeals affirmed a midlevel appeals court ruling from last year that said the state oil and gas law doesnít trump the authority of local governments to control land use through zoning. [Ö] The court in a 5-2 decision stressed that it did not consider the merits of fracking, but only the ďhome ruleĒ authority of municipalities to regulate their land use. The court said the towns of...
  • Local Western Mass. Residents On Edge Over Natural Gas Pipeline Proposal

    06/27/2014 5:19:08 AM PDT · by thackney · 43 replies
    WBZ-TV, CBS ^ | June 24, 2014 | Joe Shortsleeve
    Plans to build a natural gas pipeline through central and western Massachusetts are running into opposition from residents in the communities affected. The pipeline begins in Troy, Pennsylvania and runs through Wright, New York before entering Massachusetts in Richmond. It would run through dozens of communities before ending in Dracut. But few residents expect to see any benefits from the pipeline plan. ďIt would go in front of our house. It would go through this hay field,Ē said Pat Worth, one of those residents. Worth is afraid her 25-acre farm in rural Royalston will be ruined if a natural gas...
  • Advocates See US Gas Exports Spurring Major Job Growth

    06/27/2014 4:56:29 AM PDT · by thackney
    MNI ^ | JUNE 24, 2014 | Jon Hurdle
    The United States plans to export abundant supplies of liquefied natural gas could generate tens of thousands of new jobs in industries that supply producers of the fuel, according to industry participants and a new study. But critics claim that increased demand from energy-hungry overseas customers would drive up domestic natural gas prices, causing manufacturers' costs to rise, and deterring job creation. As Congress considers bills that would speed government approval of applications to build LNG export terminals, a trade association representing manufacturers and others that service the shale gas industry projected that the construction and operation of the multi-billion-dollar...
  • Putin says US trying to derail gas pipeline plan

    <p>VIENNA (AP) ó The U.S. is trying to derail a project to build a gas pipeline that bypasses Ukraine to supply Europe, Russian President Vladimir Putin said Tuesday after Russian and Austrian energy firms agreed to build the pipeline's western end.</p>
  • With Putin in Vienna, Gazprom signs Austria pipeline deal

    ienna (AFP) - Coinciding with a visit to Vienna by Russian President Vladimir Putin, Russian energy giant Gazprom on Tuesday signed a deal with Austria's OMV approving the EU country's section of the controversial South Stream pipeline. The crisis in Ukraine has made the planned pipeline bringing Siberian gas to the European Union -- bypassing Ukraine -- a new focus of tensions between Moscow, Brussels and Washington. EU member Bulgaria earlier this month said it was suspending work on building its section of the multi-billion-euro (-dollar) project following pressure from the EU and the United States. The European Commission has...
  • Shale Boom Will Spread Beyond North America Before 2020: IEA

    06/22/2014 7:19:56 PM PDT · by ckilmer · 22 replies
    ibtimes.com ^ | June 17 2014 8:45 AM | By Justin Scheck and BenoÓt Faucon
    Shale Boom Will Spread Beyond North America Before 2020: IEA By Meagan Clark on June 17 2014 8:45 AM Here's the EIA's latest assessment of where the world's known technically recoverable shale oil and gas deposits are located. The number of countries on the list has nearly doubled since 2011. U.S. Energy Information Administration Share this article   The North American shale boom that has transformed the oil industry here will spread beyond the continent before the end of the decade, the International Energy Agency (IEA) said Tuesday in its annual five-year oil market report.That’s sooner than IEA previously expected....
  • Pipeline Predicament: The Ukraine-Syria-Russia-U.S. gas nexus

    06/21/2014 10:00:55 AM PDT · by mgist · 2 replies
    Tahran Times ^ | 3/18/14 | By Yuram Abdullah Weiler
    Pipeline Predicament: The Ukraine-Syria-Russia-U.S. gas nexus On Line: 18 March 2014 16:21 In Print: Wednesday 19 March 2014 ďThe past five years have demonstrated that the U.S. president does not have any ethical dimension for his foreign policy - Syria is one example - let alone the question of intervening to uphold the principle of non-aggression against a sovereign state.Ē Marwan Kabalan, political analyst at the Doha Institute. The recent U.S.-backed coup that toppled the former government in Ukraine has been couched in the noble rhetoric of democracy, humanitarian intervention and self-determination, but a closer examination reveals an ugly underside...
  • Russia in secret plot against fracking, Nato chief says

    06/19/2014 1:36:14 PM PDT · by Tailgunner Joe · 18 replies
    telegraph.co.uk ^ | June 19, 2014 | James Edgar
    Russia is secretly working with environmental groups campaigning against fracking in an attempt to maintain Europe's dependence on energy imports from Moscow, the secretary-general of Nato has said. Speaking at the Chatham House foreign affairs think-tank in London, Anders Fogh Rasmussen said Russia was mounting a sophisticated disinformation campaign aimed at undermining attempts to exploit alternative energy sources such as shale gas. He said: "I have met allies who can report that Russia, as part of their sophisticated information and disinformation operations, engaged actively with so-called non-governmental organisations - environmental organisations working against shale gas - to maintain European dependence...
  • FERC approves Cameron LNG liquefaction, export project

    06/19/2014 12:38:44 PM PDT · by thackney · 5 replies
    Oil & Gas Journal ^ | 9/2014 | Nick Snow
    The Federal Energy Regulatory Commission authorized Cameron LNG LLCís plan to build and operate facilities to liquefy and export natural gas from its existing LNG import terminal in Hackberry, La. FERC also approved Cameron Interstate Pipeline LLCís application to construct and operate pipeline and compression facilities in Cameron, Calcasieu, and Beauregard Parishes to supply the Cameron LNG facility with domestically-produced gas. Sempra Energy Corp. owns the project. The June 19 actions marked the second time FERC has approved an LNG export facility. It approved the Sabine Pass liquefaction project in April 2012, which is under construction. Sabine Passís application to...
  • First westbound natural gas flows begin on Rockies Express Pipeline

    06/18/2014 10:55:51 AM PDT · by thackney · 2 replies
    Energy Information Administration ^ | JUNE 18, 2014 | Energy Information Administration
    The Rockies Express Pipeline (REX) announced on Monday that it expects service to commence as soon as today for the first 0.25 billion cubic feet per day (Bcf/d) of capacity on its 0.60 Bcf/d Seneca Lateral pipeline in southeast Ohio. The 14.3-mile lateral will flow gas north from the MarkWest Seneca natural gas processing plant to the REX mainline, where a newly built compressor station will allow this gas to be delivered to points west in Ohio, Indiana, and Illinois. No new pipelines will be added to the mainline; the project will allow bidirectional flowsóboth east and westóto occur on...
  • Regulators to Force the Metric System on Natural Gas Fuel Customers

    06/18/2014 9:44:21 AM PDT · by shove_it · 38 replies
    Utilization of natural gas as a motor fuel has been steadily increasing since new domestic production of this natural resource began in the mid-2000s. It has provided businesses with a cheaper and cleaner way to operate their vehicle fleets. Additionally, elected policymakers have supported adoption of natural gas motor fuel as a strategy to achieve energy independence. Unfortunately, just as natural gas is starting to penetrate the commuter vehicle market, regulators are making a hard push to force consumers to purchase natural gas motor fuel in kilograms. The National Conference of Weights and Measures (NCWM), which is comprised of state...
  • Gazprom puts Ukraine on gas prepayment plan after Ďchronicí failure to pay debt

    06/17/2014 8:20:28 PM PDT · by Lorianne · 25 replies
    RussiaToday ^ | 16 June 2014
    After failing to pay its gas bill, Ukraine now has to pay in advance for any natural gas from Russia, Gazprom said on Monday. Both companies have filed lawsuits against each other at the Stockholm Arbitration Court ďThis decision was taken due to systematic failure of Naftogaz Ukraine to pay. The debt of the company for Russian gas stands at $4.458 billion, including $1.451 billion for November and December 2013, and $3.007 billion for April-May 2014,Ē Gazprom said in a statement posted on their website. ďTheyíve paid zero. Correspondingly we deliver zero,Ē Sergey Kupriyanov, a Gazprom spokesperson said in a...
  • 4th New Mexico county joins prairie chicken fight

    06/17/2014 9:12:56 PM PDT · by george76 · 11 replies
    ap ^ | June 16, 2014
    Another New Mexico county has joined a lawsuit to fight the listing of the lesser prairie chicken as a threatened species. Lea County in southeastern New Mexico joined three other counties in the state last week in a federal lawsuit against the U.S. Department of Interior and U.S. Fish and Wildlife Service ... U.S. Rep., Steve Pearce, R-N.M., .. The Fish and Wildlife Serviceís decision to cater to environmental groups and disregard science will devastate New Mexicoís way of life,Ē he said. ďNew Mexicans will pay the price in lost jobs, industry, ranching and oil and gas production.Ē
  • Gas transit pipeline explodes in E. Ukraine

    06/17/2014 7:06:22 AM PDT · by McGruff · 8 replies
    RT.com ^ | June 17, 2014
    An explosion has struck a pipeline in the eastern Ukrainian Poltava region. Witnesses say flames from the blast are up to 200 meter high, RIA Novosti reports. The ďBrotherhoodĒ natural gas pipeline (Urengoy-Pomary-Uzhgorod) is about one kilometer away from the nearest settlement. No injuries have been reported from the blast. Fire fighting crews have been deployed to the scene. ďThe explosion occurred at about 14:45 local time in a field. Due to the flame and the high temperatures, it is impossible to get closer to the epicenter,Ē the local police press-service said in a statement. Pipeline faucets are being tuned...
  • Sen. Markey: Regulatory oversight jeopardizes gas export approvals

    06/17/2014 5:52:57 AM PDT · by mac_truck
    Fuel Fix ^ | 6/16/2014 | Jennifer A. Dlouhy
    WASHINGTON ó A decades-old decision by the Commerce Department to abandon congressionally mandated restrictions on natural gas exports could jeopardize current plans to sell the fossil fuel overseas, Sen. Ed Markey charged Monday. Although Congress passed a law in 1975 directing the government to bar exports of U.S. oil and natural gas, the Commerce Department never got further than crude. And when Commerce formally delegated gas export issues to the then one-year-old Energy Department in 1978, it did so citing a much older 1938 law and the regulations born under it ó without any mention of the newer 1975 mandate....
  • Feds block oil and gas leasing in Sage Grouse habitat ( Utah & Colorado )

    06/17/2014 7:17:42 AM PDT · by george76 · 17 replies
    AP ^ | Jun 17, 2014
    Federal authorities have issued a moratorium blocking oil, gas and coal leasing on 800,000 acres of public land in southwestern Colorado and eastern Utah that is habitat for the imperiled Gunnison sage grouse. ... restrictive measures that will impact jobs and economic development
  • UKRAINE: Gas pipeline "Urengoy-Uzhgorod-Pomary" pipeline explosion

    06/17/2014 6:46:33 AM PDT · by UMCRevMom@aol.com · 7 replies
    censor.net ^ | 06/17/14 16:07
    The explosion occurred on the pipeline "Urengoy-Uzhgorod-Pomary" Lokhvytsky in Poltava region. On it informs "–Ünterfaks-Ukraine", referring to the press service of the Interior Ministry in the Poltava region, transmits UE. Read also "Tsenzor.NET": GTS and underground gas storage facilities will remain the property of the state, - "Naftogaz" "The report of the explosion came about 14:20. Fortunately, there were no injuries, fire works are still going on," - said the press service. According to police, the explosion occurred on a section of pipeline located in the field, the distance to the nearest settlement - about 1 km. "According to witnesses,...
  • Russiaís Gazprom cuts gas to Ukraine in a new phase of their conflict

    06/16/2014 12:33:37 PM PDT · by Citizen Zed · 17 replies
    Washington Post ^ | June 16, 2014 | MICHAEL BIRNBAUM AND CAROL MORELLO
    Russia cut off gas supplies to Ukraine on Monday, a move that will inflict immediate pain on its turbulent neighbor and could eventually affect other gas-dependent European nations. The cutoff intensifies pressure on Ukraine, which is contending with an increasingly violent pro-Russian insurgency in its east and with economic challenges that were crippling even before the upheaval sparked by the ouster of Kremlin-friendly President Viktor Yanukovych in February. And if the gas flow is halted for a long time, winter stockpiles across Europe could be depleted, causing problems across the continent, particularly in eastern European countries that depend solely on...
  • After Oil, Natural Gas May Be Next On North American Rails

    06/16/2014 12:07:12 PM PDT · by thackney · 1 replies
    Reuters via Rig Zone ^ | June 16, 2014 | Edward McAllister
    ...Buoyed by the unexpected success of crude by rail, companies are beginning to consider transporting natural gas as remote drilling frontiers emerge beyond the reach of pipelines, executives said. Natural gas by rail is years away and likely to face strong public resistance after a series of explosive crude-by-rail accidents. But the potentially multibillion-dollar development could connect gas-rich regions like North Dakota with urban centers, presenting an opportunity for railroads, drillers and tank car makers already cashing in from hauling oil on trains. It could also be a cure for environmentally unfriendly flaring, a growing problem in far-flung areas where...
  • Ukraine crisis: Russia halts gas supplies to Kiev

    06/16/2014 5:50:43 AM PDT · by tcrlaf · 16 replies
    BBC ^ | 6-16-2014 | BBC
    Ukraine says Russia has cut off all gas supplies to Kiev, in a major escalation of a dispute between the two nations. "Gas supplies to Ukraine have been reduced to zero," Ukrainian Energy Minister Yuri Prodan said. Russia's state-owned gas giant Gazprom said Ukraine had to pay upfront for its gas supplies, after Kiev failed to settle its huge debt. Gazprom had sought from Kiev $1.95bn (£1.15bn) - out of $4.5bn it says it is owed - by 06:00 GMT. SNIP-- "Today, from 10:00 Moscow time, Gazprom, according to the existing contract, moved Naftogaz to prepayment for gas supplies," Gazprom...
  • Russia Halts Gas Supplies To Ukraine

    06/16/2014 5:24:39 AM PDT · by PoloSec · 7 replies
    Zero Hedge ^ | June 16 2014 | Tyler Durden
    After weeks of worthless foreplay whose outcome was known from the beginning despite just as worthless EU middleman Oettinger assuring everyone a deal was imminent any second now, overnight we got the long-anticipated mutual defection outcome and - as we warned - negotiations between Gazprom and Ukraine/EU fell apart with the Russian energy giant halting supplies to Ukraine unless Kiev prepays any and all gas deliveries from now on. Gazprom said it hadn't received payment for a debt it put at $4.458 billion by the Monday deadline it had set. "Ukraine will receive gas only in the amounts it has...
  • Russia to stop gas to Ukraine, rejects EU proposal

    06/16/2014 1:58:03 AM PDT · by Olog-hai · 10 replies
    EU Observer ^ | 16.06.14 @ 09:28 | Andrew Rettman
    Russian firm Gazprom is stopping gas supplies to Ukraine after talks on a new price broke down in the small hours of Monday (16 June). It said in a statement published at 10 am Moscow timeóits deadline for Ukraine to pay almost $2 billion of old debtóthat it is switching to ďprepayment for gas supplies Ö Starting today, the Ukrainian company will only get the Russian gas it has paid forĒ. It added that Ukraine has not made prepayments for June. The situation does not mean immediate shortages for Ukraine or for EU countries which get Russian gas via Ukraine,...
  • A billion-dollar daily shot in the arm for the American economy

    06/13/2014 9:30:58 AM PDT · by ckilmer · 15 replies
    exxonmobilperspectives ^ | August 17, 2012 | Ken Cohen
    A billion-dollar daily shot in the arm for the American economy Posted: August 17, 2012 by Ken Cohen Print this: email ¬† inShare ¬† One billion dollars every single day.That is the rough measure of the benefit the U.S. economy is estimated to receive by the end of this year thanks to the development of new supplies of oil and natural gas, according to a new analysis.USA Today reported recently about a Merrill Lynch study that seeks to quantify just how much the new supplies of natural gas and oil from unconventional sources like shale ‚Äď not to mention offshore...
  • Chesapeake chasing Ďall-but-forgottení shale assets

    06/13/2014 9:18:43 AM PDT · by ckilmer · 7 replies
    fuelfix.com ^ | May 19, 2014 at 11:50 pm | Collin Eaton
    Chesapeake chasing ‚Äėall-but-forgotten‚Äô shale assets Posted on May 19, 2014 at 11:50 pm by Collin Eaton in Crude oil, Natural gas, Shale EmailPrint8 inShare81 A Chesapeake Energy storage tank near Dilley, Texas. (Pat Sullivan/AP) HOUSTON ‚Äď Just a month after BP decided to take a $521 million hit to abandon its plans for the Utica Shale, Chesapeake Energy last week called the region its ‚Äúnewest world-class asset.‚ÄĚIt was the second surprising determination that Chesapeake executives made this year on where the company could find its biggest future growth drivers. The first out-of-the-blue call came in February, when the Oklahoma City-based...
  • Economics of natural gas donít always add up for fleets

    06/13/2014 5:07:19 AM PDT · by thackney · 4 replies
    Fuel Fix ^ | June 12, 2014 | Ryan Holeywell
    Though natural gas is abundant in the U.S., whether it can serve as a financially viable transportation fuel is a difficult question to answer. Commercial fleet operators from across the country this week are in Houston discussing the economics of natural gas, which often is touted as a less expensive, cleaner-burning alternative to gasoline. But industry officials at the Natural Gas Vehicles USA conference say despite their hopes for natural gas, converting fleets to run on the fuel isnít always easy. Though the fuel has its advantages, the finances of making it work for fleets donít always add up. ďThere...
  • Bureau Of Land Management Forecloses Oil Leasing, Utah Sues

    06/12/2014 2:00:57 AM PDT · by lilyramone · 6 replies
    DailyCaller ^ | June 11, 2014 | Jonah Bennett
    In yet another spat between the Bureau of Land Management and residents of a western state, Utah is suing the federal agency after it unlawfully foreclosed oil and gas leasing on unprotected lands. Utahís litigation alleges that the BLM is imposing Ďwilderness criteriaí on lands outside designated wilderness and wilderness study areas. Uintah County and the Utah Association of Counties is joining the suit, claiming that they have been left out of key management decisions.
  • Kemp: US Fracking Giant Goes To China

    06/11/2014 10:48:48 AM PDT · by thackney · 14 replies
    Reuters via Rig Zone ^ | June 11, 2014 | John Kemp
    State-of-the-art American fracking technology is coming to China's vast shale deposits as a result of a joint venture between FTS International and Sinopec announced on Tuesday. SinoFTS, as the joint venture will be called, marks an important milestone on the road to exporting the North American shale revolution around the world. FTSI, formerly known as Frac Tech, was one of the first providers more than a decade ago of hydraulic fracturing equipment and services in the Texas Barnett shale, the first shale basin to be developed in the United States. Since then, the company has grown into the largest supplier...
  • US energy security reaches highest level in a quarter century

    06/09/2014 4:40:52 AM PDT · by thackney · 8 replies
    Fuel Fix ^ | June 9, 2014 | Simone Sebastian
    The United States produced enough energy to satisfy 84 percent of its needs in 2013, a rapid climb from its historic low in 2005, according to a report from the U.S. Energy Information Administration. The nation produced 81.7 quadrillion British thermal units of energy last year and consumed 97.5 quadrillion, the highest ratio since 1987. The nationís energy output rose rose 18 percent from 2005 to 2013, as a surge in oil and gas production offset declines in coal. Meanwhile , total energy Americans used fell 2.7 percent during that period. The nationís ability to meet its own energy needs...
  • Bulgaria halts work on gas pipeline

    06/08/2014 6:02:22 PM PDT · by Tailgunner Joe · 12 replies
    Bulgaria's prime minister has ordered a halt to construction work on the Gazprom-led South Stream pipeline project. Plamen Oresharski said after meeting US Senators John McCain, Christopher Murphy and Ron Johnson that he has ordered all work on the disputed project to continue only after consultations with Brussels. Last week, the European Commission opened an infringement procedure against the Balkan country and asked construction work to be stopped, arguing that Bulgaria had not respected EU internal market rules covering the award of public contracts. The stand-off over Ukraine has forced the 28-nation EU into a sudden rethink of its energy...
  • UKRAINE- Economic news: Dispute about gas at an impasse, the hryvnia stable

    06/06/2014 11:22:22 AM PDT · by UMCRevMom@aol.com · 3 replies
    Dispute about gas at an impasse, the hryvnia stable allies began to speak on the case Of the negative: Gas talks between Ukraine and the Russian Federation with the participation of the EU in the week ended unsuccessfully despite the fact that Kiev fulfilled precondition - repaid debts for gas delivered in 2013 for the sum of 786 million dollars. Finance Minister Oleksandr Shlapak unveiled forecast drop in GDP in 2014 and 5% GDP growth next year by only 1.7%. These figures he considers basic for drafting the law on the state budget for 2015. On the last day of...
  • America Is Blowing The Shale Revolution

    06/05/2014 5:33:02 AM PDT · by ckilmer · 29 replies
    businessinsider ^ | Jun. 4, 2014, 4:25 PM | Rob Wile
    We recently declared that¬†the fracking debate was over. Despite clear evidence of the shale boom's local environmental effects, it's probably added about 50 basis points to GDP, shrunk the trade deficit, and created tens of thousands of jobs. Despite all that, Goldman Sachs believes America has left tons of figurative barrels and cubic feet on the table by not more aggressively investing in spurring demand. While¬†the U.S. share of global upstream (that is, production) investment outpaced funds into Saudi Arabia and Russia by 10:1, the rest of the world outspent the U.S. on demand-side investment ‚ÄĒ places to put all...
  • US Shale Plays to Watch in 2014

    06/04/2014 12:13:37 PM PDT · by ckilmer · 14 replies
    rigzone ^ | Wednesday, November 27, 2013 | Karen Boman |
    US Shale Plays to Watch in 2014 by  Karen Boman | Rigzone Staff | Wednesday, November 27, 2013 The U.S. shale exploration and production boom has dramatically changed the U.S. energy landscape, unlocking enough natural gas resources to turn the country into a future exporter of liquefied natural gas while reversing the decline seen a few years ago in U.S. crude oil production.While unconventional plays such as the Eagle Ford and Bakken are well-known, DrillingInfo CEO Allen Gilmer told Rigzone he sees potential for exploration and production activity in 2014 and beyond for some emerging U.S. shale plays.These plays...
  • False Fears About Fracking

    06/04/2014 8:46:24 AM PDT · by MichCapCon · 4 replies
    Capitol Confidential ^ | 6/1/2014 | Jarrett Skorup
    Bridge Magazine, a publication of The Center for Michigan, had a recent series of articles on hydraulic fracturing ("fracking"), and while the author provides some value, including good interviews with residents and a look at the externalities of drilling, the pieces make some errors ó one in particular is egregious enough that it should be corrected. The author cites the anti-fracking film, "Gasland," and references an infamous scene in the movie where a man is shown lighting methane coming out of his faucet on fire. This has become a defining scene for the anti-gas left. In the piece, author Jacob...
  • Ukraine's Yatsenyuk Urges EU to Block Russia's South Stream Pipeline

    06/03/2014 8:52:27 PM PDT · by tcrlaf · 4 replies
    ITAR-TASS ^ | 6-3-2014 | ITAR
    Ukraine's Acting Prime Minister Arseniy Yatsenyuk urged the European Union on Tuesday to block Russian South Stream gas pipeline, currently under construction and expected to transfer Russian oil and gas to central and southern Europe via Black Sea bypassing Ukraine. "We call on the European Union to block the South Stream. Ukraine is a reliable transit country, we have fulfilled and will continue to fulfil our obligations," Yatsenyuk told the parliament. Aiming to diversify Russia's gas supply routes to Europe due to Ukrainian gas debt of $3.5 billion, which Russia fears may lead to possible transit disruptions, Russian gas giant...
  • EPA rule gives new boost to gas

    06/03/2014 5:09:05 AM PDT · by thackney · 10 replies
    Fuel Fix ^ | June 2, 2014 | Jennifer A. Dlouhy
    Natural gas is poised to be one of the biggest winners of the Obama administrationís new plan to slash carbon dioxide emissions, accelerating the electric sectorís move away from coal toward the cleaner-burning power source. Despite a modest climb in coal use for electric generation in 2013, it already has fallen out of favor in the power sector, as utilities increasingly turn to natural gas for its cheaper, lower-emission profile. The Environmental Protection Agencyís proposed standards ó requiring states to pare carbon dioxide emissions 30 percent over 2005 levels by 2030 ó are likely to hasten that switch. But natural...
  • Domestic production satisfies 84% of total U.S. energy demand in 2013

    06/02/2014 8:24:00 AM PDT · by thackney · 6 replies
    Energy Information Administration ^ | JUNE 2, 2014 | Energy Information Administration
    Total U.S. energy production reached 81.7 quadrillion British thermal units (quads) in 2013, enough to satisfy 84% of total U.S. energy demand, which totaled 97.5 quads. Natural gas was the largest domestically produced energy resource for the third year in a row and, together with the other fossil fuels (coal, crude oil, and hydrocarbon gas liquids), accounted for more than three quarters of U.S. energy production. In total, the United States consumed 97.5 quads of energy, 82% of which was fossil fuels. Renewable and nuclear energy made up 10% and 8%, respectively, of U.S. energy consumption. The portion of U.S....