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Keyword: naturalgas

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  • Industrial natural gas use to continue to grow quickly, EIA says

    07/29/2015 11:48:31 AM PDT · by thackney · 18 replies
    Fuel Fix ^ | July 29, 2015 | Robert Grattan
    New plants coming online are set to drive industrial natural gas growth forward by more than three percent in the next two years, the U.S. Energy Information Administration said in an analysis Wednesday. Industrial facilities, which include methanol and fertilizer plants, consumed an average of 21.0 billion cubic feet per day of natural gas in 2014, up 24 percent from 2009. By the end of 2015, that figure is expect to rise by another 3.4 percent to an annual average of 21.7 billion cubic feet per day. In 2016, the EIA predicted another 3.9 percent gain to 22.5 billion cubic...
  • Here's why ocean shipping companies are switching to natural gas

    07/23/2015 10:04:02 AM PDT · by thackney · 40 replies
    Fortune ^ | JULY 23, 2015 | David Z. Morris
    The North American ocean carrier TOTE is deploying the world’s first container ships fueled by liquefied natural gas (LNG). The move anticipates imminent environmental regulations that are likely to trigger large shifts in the maritime shipping industry. TOTE is making the move to comply with the international Marpol Annex VI maritime emissions standards, first implemented in 2005. Restrictions on emissions like sulfur and nitrogen oxide will tighten in 2016 within designated emission control areas (ECAs), including the waters surrounding North America. Sulfur and nitrogen oxides are generated in large volumes by conventional maritime ships, which have long relied on so-called...
  • Obama gives final approval to Arctic drilling

    07/22/2015 2:33:44 PM PDT · by jazusamo · 18 replies
    The Hill ^ | July 22, 2015 | Timothy Cama
    The Obama administration gave its final stamp of approval Wednesday to Shell Oil Company's application to drill oil and natural gas in the Arctic Ocean. Under the approval, Shell can start drilling exploratory wells as soon as its fleet arrives at its prospect in the Chukchi Sea, about 140 miles off Alaska's northwest coast. But the two “application to drill”s approved by the Interior Department’s Bureau of Safety and Environmental Enforcement (BSEE) included key restrictions that bar Shell from drilling in areas known to contain oil, since its safety equipment is not yet fully ready. The decision is a major...
  • Obama's Scorched Oil and Gas Policy

    07/22/2015 5:30:02 AM PDT · by thackney · 1 replies
    Real Clear Energy ^ | July 22, 2015 | Robert Bradley
    The clock is ticking on the Obama Administration. With only 18 months remaining in his final term, federal energy planners and agency regulators are working as quickly as possible to impose new rules on the oil and natural gas industry. As one industry lobbyist told the Houston Chronicle, “The agencies are all in hyperdrive to get the rules across the finish line or have them well-positioned in the regulatory queue so that their path forward past Jan. 20, 2017, is clearly established.” The rush to increase regulations on oil and natural gas is nothing but bad news for an industry...
  • Another round of Slope methane hydrate research planned

    07/17/2015 9:11:34 AM PDT · by thackney · 12 replies
    ALASKA JOURNAL OF COMMERCE ^ | 2015.07.15 | TIM BRADNER
    Another test of methane hydrates on the North Slope, a potential huge new gas resource, is being planned. State officials are in discussions with the U.S. Department of Energy and the Japan Oil, Gas and Metals National Corp., or JOGMC on possible joint-sponsorship, and talks are planned with North Slope producers about potential sites for a test within one of the operating units on the Slope, Commissioner of Natural Resources Mark Myers said. A technical evaluation of different sites is now underway, Myers said. Drilling within an existing industry unit is preferable for cost reasons but sites on nearby unleased...
  • Study: Utica Shale Larger Than Previous Estimates

    07/17/2015 8:51:50 AM PDT · by thackney · 14 replies
    Rig Zone ^ | July 16, 2015 | Karen Boman|
    The size of the Utica shale play’s technically recoverable resources is larger than previously thought, a recent study by West Virginia University (WVU) has found. WVU found that the Utica play contains technically recoverable resources of 782 trillion cubic feet (Tcf) of natural gas and around 1.9 billion barrels of oil. That’s higher than the U.S. Geological Survey’s (USGS) 2012 estimate of technically recoverable resources at 38 Tcf of gas and 940 million barrels of oil. The study results indicate that the Utica – which spans West Virginia, Kentucky, Pennsylvania, Ohio and New York – is comparable to the Marcellus...
  • U.S. chemical companies poised for growth as demand swells

    07/16/2015 5:35:31 AM PDT · by thackney · 5 replies
    Fuel Fix ^ | July 15, 2015 | Rhiannon Meyers
    U.S. chemical plants are expected to grow in the coming months as they take advantage of cheap natural gas prices and a strengthening economy that has boosted domestic demand for raw materials used in housing and automobiles, a new credit rating analysis finds. But falling oil prices and a strong U.S. dollar threaten earnings for several domestic chemical companies, according to an economic and ratings outlook compiled by Standard & Poor’s Ratings Services. Domestic chemical companies have been able to crank out chemicals at a lower cost because they rely primarily on natural gas to feed their operations while their...
  • Natural gas surpasses coal as biggest US electricity source

    07/13/2015 10:49:56 AM PDT · by Olog-hai · 12 replies
    Associated Press ^ | Jul 13, 2015 12:56 PM EDT | Tom Murphy
    Natural gas overtook coal as the top source of U.S. electric power generation for the first time ever earlier this spring, a milestone that has been in the making for years as the price of gas slides and new regulations make coal more risky for power generators. About 31 percent of electric power generation in April came from natural gas, and 30 percent from coal, according to a recently released report from the research company SNL Energy, which used data from the U.S. Energy Department. Nuclear power came in third at 20 percent. A drilling boom that started in 2008...
  • 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...
  • 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....
  • 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...
  • 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...
  • 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...
  • 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...
  • Putin: Russian pipeline project to help Greece pay its debt

    06/20/2015 5:29:04 AM PDT · by sheikdetailfeather · 13 replies
    AP ^ | 6-20-2015 | SANDY MACINTYRE and NATALIYA VASILYEVA
    ST. PETERSBURG, Russia (AP) -- Russian President Vladimir Putin said after Friday's talks with Greek Prime Minister Alexis Tsipras that a prospective Russian natural gas pipeline should help Greece service its debt, but the Kremlin said the question of direct Russian financial aid to Greece was not discussed. Speaking of the pipeline deal at a meeting with top executives of global news agencies, including The Associated Press, which began nearly three hours behind schedule at around midnight, Putin said he saw no support for the Greeks from the EU. "If EU wants Greece to pay its debts it should be...
  • 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.
  • Canada: Never mind. We’ll just ship our energy to China

    06/15/2015 11:25:55 AM PDT · by Hojczyk · 13 replies
    Hot Air ^ | June 15,2015 | JAZZ SHAW
    TransCanada Corp said on Friday it expects to start construction this year on natural gas pipeline to British Columbia’s Pacific Coast worth at least C$5 billion ($4.1 billion) following a conditional go-ahead by a Petronas-led consortium for what could be Canada’s first LNG export terminal. The Prince Rupert Gas Transmission line will connect the prolific Montney gas field near Fort St. John in northeastern British Columbia to the Pacific NorthWest LNG terminal, which is planned for Lelu Island The conditional go-ahead for the liquefied natural gas terminal is a rare win for TransCanada, which has struggled in recent years to...
  • Foes poised to declare victory in ‘war on coal’ as investors, utilities flee energy source

    06/08/2015 8:23:54 PM PDT · by Tolerance Sucks Rocks · 39 replies
    The Washington Times ^ | June 7, 2015 | Ben Wolfgang
    The war has been waged on several fronts for nearly a decade, and the aggressors are poised to declare victory over the wounded U.S. coal industry. After powering the Industrial Revolution and helping to turn the U.S. into the world’s top economic power, coal now seems to be drowning in what environmentalists call a “deadly cocktail” — a rabid, politically potent anti-fossil fuels movement, the rise of cheap, abundant, relatively clean domestic natural gas and an Obama administration that freely admits it wants to decrease coal use in America through a host of new rules. That near-perfect storm is taking...
  • EPA: Fracking's no big threat to water

    06/05/2015 6:41:28 AM PDT · by McGruff · 13 replies
    POLITICO ^ | 6/4/15 | ELANA SCHOR
    The Environmental Protection Agency’s long-awaited report on fracking dismayed liberal green groups Thursday while pleasing the oil and gas industry — the latest episode in both sides’ fraught relationship with President Barack Obama. The study, more than four years in the making, said the EPA has found no signs of “widespread, systemic” drinking water pollution from hydraulic fracturing. That conclusion dramatically runs afoul of one of the great green crusades of the past half-decade, which has portrayed the oil- and gas-extraction technique as a creator of fouled drinking water wells and flame-shooting faucets. The report also jibes with Obama’s global...
  • 'No shale gas revolution in Europe'

    06/03/2015 1:58:14 PM PDT · by 2ndDivisionVet · 5 replies
    The British Broadcasting Corporation ^ | June 3, 2015 | Richard Anderson, business reporter
    There will be no US-style shale gas revolution in Europe, the president of the International Gas Union (IGU) has told the BBC."You cannot duplicate [the US experience] in Europe," said Jerome Ferrier. "Politicians are hesitating to accept shale development." Abundant shale gas in the US has helped domestic energy prices fall. As a result some European governments, not least the UK, are keen to develop their own shale resources. Mr Ferrier's comments come a day after a number of major energy firms called for a working price of carbon. Carbon pricing The IGU president, talking to the BBC at the...
  • 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....
  • 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...
  • Controversy over ‘global warming’ in Wyoming school curriculum

    05/23/2015 6:08:31 AM PDT · by george76 · 40 replies
    Eagle News ^ | May 22, 2015 | Victor Skinner
    The proposed adoption of $300,000 worth of reading materials for Cody, Wyoming students stalled this week amid criticisms about the curriculum’s “very liberal, very slanted view of the world.” School board and community members spoke out against a slate of proposed materials for K-12 students that cover topics like global warming, evolution and race. The materials are published by education giant Pearson and Boston publisher Houghton Mifflin Harcourt ... that aligns with the national Common Core standards. But many in the community are concerned about how the texts address issues like global warming, which is treated as settled science ......
  • Obama to issue flurry of energy regulations this summer

    05/22/2015 10:09:46 AM PDT · by jazusamo · 23 replies
    The Hill ^ | May 22, 2015 | Timothy Cama
    This summer will be busy for the Obama administration’s energy and environmental regulators, with numerous high-profile rule releases planned. Between June and August, regulators hope to fill out the Obama administration’s agenda with major rules on greenhouse gases, the oil and natural gas sectors, coal production, and other policy priorities, according to a rule-making schedule released by the White House late Thursday. The administration’s main climate change rule from the Environmental Protection Agency, which would slash greenhouse gases in the power sector by 30 percent, is due out in August. That aligns with the timeline EPA officials, including Administrator Gina...
  • 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....
  • UGI to build second LNG plant

    05/20/2015 6:32:26 AM PDT · by thackney · 33 replies
    LNG World News ^ | May 15, 2015 | LNG WN
    UGI Energy Services, a UGI Corporation unit, said it plans to build a liquefied natural gas production facility in northern Pennsylvania that will utilize Marcellus Shale gas. The proposed facility will be adjacent to UGI Energy Services’ Manning natural gas compression station located in Wyoming County, Pennsylvania. Natural gas will be supplied by its Auburn gathering system, which transports Marcellus Shale gas produced from local wells to major interstate pipelines serving markets in the Mid-Atlantic region, the company said in a statement. The LNG plant, which will include both liquefaction and local storage, is expected to be in full commercial...
  • 'Eternal flames' of ancient times could spark interest of modern geologists

    05/18/2015 11:51:28 AM PDT · by Red Badger · 15 replies
    Phys.Org ^ | 05-18-2015 | Provided by Springer
    Seeps from which gas and oil escape were formative to many ancient cultures and societies. They gave rise to legends surrounding the Delphi Oracle, Chimaera fires and "eternal flames" that were central to ancient religious practices - from Indonesia and Iran to Italy and Azerbaijan. Modern geologists and oil and gas explorers can learn much by delving into the geomythological stories about the religious and social practices of the Ancient World, writes Guiseppe Etiope of the National Institute of Geophysics and Volcanology in Italy. His research is published in the new Springer book Natural Gas Seepage. "Knowing present-day gas fluxes...
  • Power generation from coal and natural gas expected to temporarily converge this spring

    05/16/2015 6:53:07 AM PDT · by thackney · 8 replies
    Energy Information Administration ^ | MAY 14, 2015 | Energy Information Administration
    EIA's most recent Short-Term Energy Outlook forecasts that the amount of electricity generation fueled by natural gas in April and May will total just 3.5% less than the projected amount of coal-fired generation. This convergence has occurred only once before, in April 2012, when natural gas fueled just 1.5% less generation than coal. Power generation from the two fuels is expected to rise at similar rates over the next couple months, and then diverge again later in the summer as demand rises and coal unit capacity utilization continues to rise. Natural gas-fired generation has been rising over the past few...
  • Exclusive: Anti-Fracking Filmmaker Josh Fox Arrested In Finger Lakes Protest

    05/15/2015 10:22:31 AM PDT · by thackney · 33 replies
    The Daily Beast ^ | 05.13.15 | James Joiner
    The creator of the award-winning film ‘Gasland’ was just arrested at a protest in rural New York. Here’s the mini-documentary he made on the eve of his arrest. Award-winning documentary filmmaker Josh Fox, who wrote and directed the acclaimed fracking film Gasland, was arrested this afternoon while engaging in a human barricade at a natural-gas storage facility in the Finger Lakes. “People need to see what’s happening at Seneca Lake, and also understand that this isn’t isolated, it is happening everywhere,” Fox told The Daily Beast before the protest. “We need to educate people that our dependency on fossil fuels...
  • Feds hand key LNG export license to Cheniere’s Corpus Christi project

    05/14/2015 7:04:28 AM PDT · by thackney · 3 replies
    Fuel Fix ^ | Jennifer A. Dlouhy | May 13, 2015
    The Obama administration has delivered a critical natural gas export license to Cheniere Energy’s proposed liquefaction terminal in Corpus Christi, marking the first such approval for a greenfield project that would not be built on the footprint of an older LNG facility. With the move late Tuesday, the Energy Department is allowing Cheniere to export as much as 2.1 billion cubic feet per day of liquefied natural gas over the next 20 years from the planned facility to countries with which the United States does not have free trade agreements. The company announced Wednesday that its board of directors had...
  • Drones take flight at OTC

    05/07/2015 5:04:23 AM PDT · by thackney
    Fuel Fix ^ | May 6, 2015 | Robert Grattan
    HOUSTON — Offshore platforms have a lot of hard-to-reach places, and a first-time exhibitor at the Offshore Technology Conference wants to use flying robots to make those tough corners more accessible. U.K.-based Sky-Futures has built a business using drones to inspect areas such as the underbelly of offshore platforms and burning flare stacks. The company’s co-founder and CEO James Harrison — who spent years working with information-gathering drones in Iraq and Afghanistan — said using the robots to do the inspection work makes it more efficient and safer. Historically, crews of workers inspecting those spots have had to dangle from...
  • GAO: Gov’t waste of natural gas costing taxpayers millions

    05/06/2015 7:39:04 PM PDT · by Olog-hai · 2 replies
    Associated Press ^ | May 6, 2015 6:09 PM EDT | Hope Yen
    Significant amounts of natural gas on federal lands are being wasted, costing taxpayers tens of millions of dollars each year and adding to harmful greenhouse gas emissions, a congressional investigation has found. The nonpartisan Government Accountability Office also said the Bureau of Land Management failed to conduct production inspections for hundreds of high-priority oil and gas wells—roughly 1 out of 5—to ensure full payment of royalties to the U.S. The report, obtained by The Associated Press before its public release, is the latest to highlight substantial gaps in oversight. An AP review of government records last May found the agency,...
  • Panama officials at OTC say expanded canal could be a gateway to LNG business

    05/06/2015 5:17:28 AM PDT · by thackney · 6 replies
    Fuel Fix ^ | May 5, 2015 | Robert Grattan
    HOUSTON — Panama is well positioned to serve as a distribution hub for the liquefied natural gas that will power Central America in the future, the country’s officials told attendees at Houston’s Offshore Technology Conference on Tuesday morning. The biggest advantage the country has is its namesake canal, an overseas shortcut linking the Atlantic and Pacific Oceans, panelists said at the breakfast talk. The canal is currently too small to handle LNG tankers, but a multi-billion dollar expansion is in the works that will allow all but the largest gas-carrying ships to pass. The massive construction project was interrupted by...
  • Dow Chemical: New technology is helping oil companies recycle all of that fracking waste water

    05/06/2015 5:14:21 AM PDT · by thackney · 5 replies
    Fuel Fix ^ | May 5, 2015 | Rhiannon Meyers
    Full Title Dow Chemical at OTC: New technology is helping oil companies recycle all of that fracking waste water HOUSTON — Facing environmental pressures and escalating costs, more oil companies are recycling and reusing the vast amounts of water used during hydraulic fracturing operations rather than hauling the liquid off to get injected underground. New technological advances have allowed oil companies to more easily convert drilling waste water to get reused in the oil patch, said Larry Ryan, president of Dow Chemical’s energy and water solutions business in an interview with Fuel Fix at the company’s booth at the Offshore...
  • US businessmen lining up to do business with Iran

    05/04/2015 7:54:22 AM PDT · by SeekAndFind · 35 replies
    American Thinker ^ | 05/04/2015 | Rick Moran
    Capitalism is a wonderful thing - except when it isn't. Several US businessmen - oil execs for instance - are eagerly waiting for the day when "normalizing" relations with Iran would lead to exploiting the business opportunities offered by the mullahs. The Hill: Leaders from the United States’ oil industry are traveling to Iran this week to discuss potential investment opportunities, Iran’s government said. The delegation of oil company leaders and investors are visiting Iran in anticipation of sanctions being loosened against Tehran, Iran’s state-owned Mehr News Agency reported Monday. “It is forecast that by the visit of [the] American delegation...
  • Ford Sees Growing Demand For Natural Gas Vehicles Like F-150

    05/04/2015 4:17:20 AM PDT · by thackney · 39 replies
    Forbes ^ | 5/04/2015
    Ford Motor Co. says the 2016 F-150 pickup will be available with a 5.0-liter V8 engine that can run on compressed natural gas or propane, part of a growing lineup of CNG vehicles from the Dearborn, Mich.-based automaker. Ford’s commercial vehicle customers, in particular, have been asking for more trucks and vans that can run on compressed natural gas because it lowers their fleet operating costs and reduces greenhouse gas emissions. CNG sells for an average of $2.11 per gallon of gasoline equivalent, as of April 30, 2015, and is as low as $1 in some parts of the country,...
  • EIA: The U.S. will be a net natural gas exporter by 2040, even with the most conservative projection

    04/29/2015 5:09:47 AM PDT · by thackney · 9 replies
    Fuel Fix ^ | April 28, 2015 | Robert Grattan
    The U.S. could export anywhere between 0.2 trillion cubic feet and 10.3 trillion cubic feet of liquefied natural gas annually by 2040, according to the latest government projection. Where along that spectrum the actual figure lands will be determined by global energy prices and the availability of U.S. natural gas, the agency said in a Tuesday rehashing of projections made in the Annual Energy Outlook for 2015. The wide range of outcomes hasn’t stopped U.S. companies from proposing dozens of new export facilities. While market watchers have said that it’s unlikely all of these facilities will come online, several are...
  • US eyes energy dominance

    04/28/2015 4:15:39 PM PDT · by rjbemsha · 6 replies
    The Telegraph (London) ^ | Ambrose Evans-Pritchard
    The United States is poised to flood world markets with once-unthinkable quantities of liquefied natural gas as soon as this year, profoundly changing the geo-politics of global energy and posing a major threat to Russian gas dominance in Europe. "We anticipate becoming big players, and I think we'll have a big impact," said the Ernest Moniz, the US Energy Secretary. "We're going to influence the whole global LNG market." Mr Moniz said four LNG export terminals are under construction and the first wave of shipments may begin before the end of this year or in early 2016 at the latest....
  • India asks Qatar to cut LNG price by 60%

    04/27/2015 10:13:01 AM PDT · by thackney · 9 replies
    DNA India ^ | 27 April 2015 | PTI
    India has asked its largest liquefied natural gas (LNG) supplier Qatar to cut gas prices to match the 60% slump in global rates in last one year. India buys 7.5 million tonnes a year of LNG on a long-term 25 year contract, indexed to a moving average of crude oil price. The price of LNG from Qatar comes close to $13 per million British thermal unit as compared to the $6-7 rate at which it is available in the spot or current market. The high price of LNG under the long-term contract has led to users in fertiliser and power...
  • Europe is eyeing Iran's massive gas reserves

    04/27/2015 5:57:51 AM PDT · by McGruff · 4 replies
    BUSINESS INSIDER ^ | 4/27/2015 | TARA SHIRVANI
    The annexation of Crimea and the consequent threats of gas supply cuts by Russia have been a reminder of an inconvenient truth: when it comes to politics, Europe will always be influenced by its dependency on Russian gas. According to the European Parliament, in 2013 Russia provided 43.2% of the European Union’s gas imports, 31.38% of its oil imports, and 26.7% of its coal imports. But the dependency runs both ways.
  • Floating LNG regasification is used to meet rising natural gas demand in smaller markets

    04/27/2015 5:52:02 AM PDT · by thackney · 6 replies
    Energy Information Administration ^ | APRIL 27, 2015 | Energy Information Administration
    Floating regasification is a flexible, cost-effective way to receive and process shipments of liquefied natural gas (LNG). Floating regasification is increasingly being used to meet natural gas demand in smaller markets, or as a temporary solution until onshore regasification facilities are built. Of four countries planning to begin importing LNG in 2015, three of them—Pakistan, Jordan, and Egypt—have chosen to do so using floating regasification rather than building full-scale onshore regasification facilities. Floating regasification involves the use of a specialized vessel called a floating storage and regasification unit (FSRU), which is capable of transporting, storing, and regasifying LNG onboard. Floating...
  • 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...
  • 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...
  • E.U. Charges Russian Energy Giant Gazprom With Abusing Its Dominance

    04/22/2015 5:05:38 AM PDT · by McGruff · 4 replies
    NY Times ^ | APRIL 22, 2015 | JAMES KANTER
    European antitrust regulators on Wednesday charged the Russian energy giant Gazprom with abusing its dominance in natural gas markets, a move amounting to a direct challenge to the authorities in Moscow. The European Commission, the European Union’s executive arm, said that unfair pricing might have resulted in higher gas prices in Bulgaria, Estonia, Latvia, Lithuania and Poland, which have long been wholly or substantially dependent on Russian gas. In those countries, the commission said, Gazprom was suspected of charging wholesalers prices that were significantly higher compared with the company’s costs or to benchmark prices.
  • 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...