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Keyword: naturalgas

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  • Foreign Firm Funding U.S. Green Groups Tied to State-Owned Russian Oil Company

    01/27/2015 7:59:35 AM PST · by george76 · 29 replies
    Washington Free Beacon ^ | January 27, 2015 | Lachlan Markay
    Executives at a Bermudan firm funneling money to U.S. environmentalists run investment funds with Russian tycoons. A shadowy Bermudan company that has funneled tens of millions of dollars to anti-fracking environmentalist groups in the United States is run by executives with deep ties to Russian oil interests and offshore money laundering schemes involving members of President Vladimir Putin’s inner circle. One of those executives, Nicholas Hoskins, is a director at a hedge fund management firm that has invested heavily in Russian oil and gas. He is also senior counsel at the Bermudan law firm Wakefield Quin and the vice president...
  • Sasol delays $14B gas-to-liquids plant near Lake Charles during oil price slump

    01/28/2015 9:38:39 AM PST · by justlittleoleme · 8 replies
    NOLA.com | The Times-Picayune ^ | January 28, 2015 at 8:59 AM | Katherine Sayre,
    South African petrochemical company Sasol is delaying a decision on whether to move forward with a proposed $14 billion gas-to-liquids facility outside of Lake Charles, the company said Wednesday (Jan. 28). Sasol said the plans are being put on hold as the company saves cash in response to falling oil prices. The gas-to-liquids facility is part of a $21 billion planned complex in Westlake, one of the largest foreign investments in Louisiana history. "Albeit at a much slower pace, we will continue to progress the U.S. GTL facility," Sasol president and CEO David Constable said in a news release. "This...
  • Oil, Gas Salary Adjustments Amid Oil Price Decline

    01/25/2015 8:12:38 AM PST · by thackney · 18 replies
    Rig Zone ^ | January 23, 2015 | Gene Lockard
    As many energy industry companies revise their capital expenditures downward for 2015 amid the steep drop in crude oil values, they are making a variety of decisions with regard to worker compensation, according to Aon Hewitt, a global human resource company that tracks corporate performance, reward and talent. The slide in crude oil prices picked up speed late in 2014, about the time that financial decisions for 2015 were being made. As prices continued to dip, many companies within the industry revisited the budgeting process early in the new year in light of the current reality of sub-$50/barrel crude oil....
  • EPA Putting Electricity Grid At Risk

    01/23/2015 11:58:15 AM PST · by Tolerance Sucks Rocks · 15 replies
    The Daily Caller ^ | January 22, 2015 | Mike Duncan
    When the temperature dips below freezing, reliable electricity becomes more than a matter of convenience but a matter of life and death. Unfortunately, the reliability of our electric grid is at-risk due to EPA regulations that are shutting down America’s coal plants.Existing EPA regulations already have led to the scheduled shutdown of nearly 20 percent of the U.S. coal fleet. EPA’s newest carbon regulations being finalized this summer will lead to even more shutdowns. With coal responsible for generating nearly 40 percent of America’s electricity, these shutdowns will further strain our nation’s electricity grid and could leave many Americans in...
  • Range Resources cuts spending plan amid low prices

    01/19/2015 5:16:48 AM PST · by thackney · 4 replies
    TribLIVE.com ^ | Jan. 15, 2015 | Tribune-Review
    Pennsylvania's most prolific shale gas driller dialed back 2015 spending plans Thursday because of low natural gas prices, following a general belt-tightening among energy companies across the country. Fort Worth-based Range Resources Corp., which has a regional headquarters in Cecil, dropped its capital expenditure plan by a third to $870 million from $1.3 billion. That initial figure was 18 percent lower than its 2014 plan. The company plans to spend nearly all that money in developing Marcellus shale wells and still plans to increase gas production by 20 percent over this year. “The time and effort that Range spent in...
  • Putin Cuts Off Gas Supply To Six European Countries Without Warning

    01/18/2015 2:50:54 PM PST · by dila813 · 105 replies
    Forbes ^ | 1/18/2015 @ 4:03PM | Paul Gregory
    On January 14, Vladimir Putin ordered Russia’s natural gas monopoly, Gazprom, to cut back by 60% the natural gas delivered to Europe through Ukraine. His ostensible reason: Ukraine was illegally siphoning off gas for its own use—a charge Ukraine denies. Overall Europe depends on Russia for 30% of its gas supplies, and some 80% of Europe’s Russian natural gas comes via Ukraine. Putin’s order would leave six countries in eastern and southeastern Europe totally without gas.
  • API's Gerard to President Obama: Follow Facts and Science, Not Politics

    01/16/2015 4:56:32 AM PST · by thackney · 6 replies
    Rig Zone ^ | January 15, 2015 | Gene Lockard
    Ahead of President Obama’s upcoming State of the Union (SOTU) address, American Petroleum Institute (API) President and CEO Jack Gerard discussed ways for the president to take a leadership position on the oil and gas industry in the United States. The energy industry has gone from scarcity in the 20th century to abundance early in the 21st century, generating billions in tax revenue, creating millions of new jobs and providing a boost to manufacturing, Gerard said, thus necessitating a new way of thinking about energy. The change also offers the country an opportunity to achieve a level of energy security...
  • Enjoying cheaper gas? Don’t worry, EPA is about to cause it to go up again

    01/15/2015 8:39:14 PM PST · by SeekAndFind · 28 replies
    Hotair ^ | 01/15/2015 | Bruce McQuain
    Yes friends, never let it be said that this administration isn’t beholden to special interests to the detriment of the middle class.The oil shale boom has helped create a surplus of oil that has entered the market and driven prices down to under $2 a gallon. It is an economic boon to hard pressed families and businesses who use a lot of fuel. It is also a testament to how well markets work.And that’s why government is about to intrude in that market and jack the prices back up. This time under guise of your out-of-control EPA: In spite...
  • Russia Is Losing Control Over The European Gas Market

    01/15/2015 3:21:25 AM PST · by elhombrelibre · 5 replies
    Reuters ^ | 14 Jan 15 | Elena Holodny
    Oil isn't Russia's only problem. The energy exporter is losing its dominance over the European gas market. In the past there were two factors that kept Russia as the major gas powerhouse: European policies and cold winters. But both of those things have changed — and Russia is starting to explore non-Western countries.
  • Shell scraps plans for multi-billion dollar petrochemical plant

    01/14/2015 10:12:36 AM PST · by thackney · 3 replies
    Fuel Fix ^ | January 14, 2015 | Ryan Holeywell
    Royal Dutch Shell won’t move forward with plans for a new petrochemical plant in Qatar, the company announced Wednesday, citing the “economic climate” facing the energy sector today. The project, dubbed Al Karaana, had been in the works for more than three years. It would have been a joint venture between Shell, which had a 20 percent stake in the project, and state-owned Qatar Petroleum, which had an 80 percent stake. Shell said in a statement that it decided not to move forward with Al Karaana after receiving bids from engineering and construction firms that ”showed high capital costs, rendering...
  • Obama targets oil and gas industry, demands massive reduction in methane emissions

    01/14/2015 7:34:49 AM PST · by Jan_Sobieski · 55 replies
    The Washington Times ^ | 1/14/2015 | Ben Wolfgang
    Taking direct aim at the oil-and-gas industry, President Obama on Wednesday put forth long-awaited regulations on methane emissions, setting an ambitious goal of reducing those emissions by 45 percent over the next decade. The move comes just days before the State of the Union address and underscores that, in the final two years of presidency, Mr. Obama is looking to cement his legacy on climate-change and environmental issues...
  • Obama Is Said to Be Planning New Rules on Oil and Gas Industry’s Methane Emissions

    01/14/2015 5:15:28 AM PST · by Citizen Zed · 29 replies
    ny times ^ | 1-13-2015 | CORAL DAVENPORT
    In President Obama’s latest move using executive authority to tackle climate change, administration officials will announce plans this week to impose new regulations on the oil and gas industry’s emissions of methane, a powerful greenhouse gas, according to a person familiar with Mr. Obama’s plans. The administration’s goal is to cut methane emissions from oil and gas production by up to 45 percent by 2025 from the levels recorded in 2012. The Environmental Protection Agency will issue the proposed regulations this summer, and final regulations by 2016, according to the person, who spoke on the condition of anonymity because the...
  • Environmentalists are Wrong about Port Ambrose LNG

    01/13/2015 5:16:02 AM PST · by thackney · 5 replies
    The Energy Collective ^ | January 13, 2015 | Edward Dodge
    The proposed Port Ambrose deepwater LNG terminal near New York City has been denounced by environmentalists as a dirty and dangerous export terminal in disguise. The reality is that LNG is the safest and cleanest fuel available and natural gas is critical in efforts to eliminate air pollution and save lives in New York City. Protesters showed up at a public hearing January 7 on Long Island to encourage Governor Cuomo to veto the proposal for the terminal. The Port Ambrose LNG terminal should be appreciated by environmentalists as a technological marvel that helps provide much needed seasonal supplies of...
  • Natural Gas Market Is Ice Cold

    01/09/2015 6:13:56 AM PST · by thackney · 33 replies
    Wall Street Journal ^ | Jan. 8, 2015 | TIMOTHY PUKO
    Furnaces from Minnesota to Maine are running full-blast as frigid temperatures descend from the Arctic. But the natural-gas market is still ice cold. Prices for the fuel, used to heat half of U.S. homes, hit a more-than two-year low this week and are down 35% since mid-November. The arrival of freezing weather across most of the country hasn’t revived the market. Normally, plunging temperatures are a cue for traders to make bullish bets because the resulting spike in demand can deplete natural-gas supplies. Last February, prices jumped by more than 30% in a matter of days during one particularly severe...
  • Cowen: Global Oil and Gas Exploration Spending to Slide 17%

    01/08/2015 5:21:57 AM PST · by thackney · 10 replies
    Rig Zone ^ | January 08, 2015 | Reuters
    The world's oil and gas exploration companies are expected to cut capital expenditures 17 percent this year as a deep slump in crude oil prices takes a toll on budgets... The survey, based on an average oil price of $70 per barrel, estimates that global exploration and production expenditures will slide 17 percent to $571 billion. If oil prices average $60 per barrel, spending should drop by 30 percent to 35 percent, according to the survey of 476 oil companies. ...under $50 per barrel on Wednesday... North American spending is forecast to drop by 22 percent...
  • Outlook 2015: Q and A with oilpatch veteran Jim Gray

    01/02/2015 8:32:32 AM PST · by thackney · 10 replies
    Calgary Herald ^ | January 1, 2015 | Deborah Yedlin
    With oil prices sliding downward, Jim Gray — a veteran of Alberta’s energy business — provides perspective. 1. There has been a lot of gloom and doom over the oil price slide. What do you make of the 50 per cent drop in the price of oil since June? There are many precedents for a 50 per cent slide in oil prices. Just since 1983, there have been four principal slides. When you look at the history of oil prices since 1983, you’ll see the rate of recovery is tied to how quickly prices fell. In 1986, prices dropped between...
  • How Putin Forged a Pipeline Deal That Derailed

    12/30/2014 11:14:59 PM PST · by elhombrelibre · 13 replies
    NYT ^ | 30 Dec 14 | JIM YARDLEY and JO BECKER
    SOFIA, Bulgaria — Barely two weeks after President Vladimir V. Putin annexed Crimea on one side of the Black Sea, he won a different prize on the other side. In Bulgaria’s Parliament, lawmakers gave initial passage to a bill clearing the way for a mammoth gas pipeline from Russia. The pipeline, known as South Stream, was Mr. Putin’s most important European project, a tool of economic and geopolitical power critical to twin goals: keeping Europe hooked on Russian gas, and further entrenching Russian influence in fragile former Soviet satellite states as part of a broader effort to undermine European unity....
  • Lithuania's LNG terminal receives first commercial cargo

    12/29/2014 2:44:53 AM PST · by WhiskeyX · 2 replies
    LNG World News ^ | LNG World News
    Lithuania’s LNG terminal at the port of Klaipeda has reached another milestone since the official start of operations earlier this month. According to Klaipeda port data, the 155,000 cbm Arctic Aurora LNG carrier delivered the first commercial cargo of liquefied natural gas from Statoil’s Hammerfest facility, on Tuesday. Earlier in October, Höegh LNG’s FSRU Independence received the first cargo that was delivered to Klaipeda for testing purposes. It was also delivered from Norway onboard the 160,000 cbm Golar Seal. The first commercial cargo signs the beginning of Lithuania’s independence from Russian gas. Lithuania’s President Dalia Grybauskaitė was recently quoted saying...
  • The Next Shale Revolution?

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

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

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

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

    12/18/2014 12:15:51 PM PST · by Jan_Sobieski · 5 replies
    Hamodia ^ | 06/08/2014 | Hamodia Staff
    YERUSHALAYIM (Hamodia Staff) - Russia wants in on the Israeli natural gas boom, but the U.S. wants them to stay out, and that’s why they haven’t made progress negotiating with the Israelis, ambassador to Israel Sergey Yakovlev hinted in an interview with Globes. Russia has been seeking entry into the Mediterranean gas fields for some time, but so far to no avail. Gazprom, for one, showed interest in becoming a partner in the Leviathan reserve, one of the most important in the Mediterranean Sea, but nothing substantive came of it...
  • Global Warming, Empty Gestures

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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