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Keyword: naturalgas

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  • Mas AG energy study: New gas pipeline not needed to meet NE peak winter electricity demand

    11/20/2015 5:02:27 AM PST · by thackney · 13 replies
    Mass Live ^ | November 18, 2015 | Mary Serreze
    An energy study released today by Massachusetts Attorney General Maura Healey concludes that New England does not need additional natural gas pipeline infrastructure to meet peak winter energy demand and that energy efficiency and "demand response" would be the best solution over the next 15 years for both consumers and the environment. The long-anticipated study concludes that New England's power system is not facing an imminent reliability threat through 2030. Healey, who acts as utility ratepayer advocate in Massachusetts, commissioned the study in July. "As we make long-term decisions about our energy future, it's imperative we have the facts," Healey...
  • State regulator issues emergency order in Porter Ranch gas leak

    11/19/2015 6:12:06 AM PST · by thackney · 1 replies
    LA Daily News ^ | 11/18/15 | Dana Bartholomew
    The state's chief regulator for oil and gas fields issued an emergency order Wednesday demanding that the perpetrator of a nearly month-long natural gas leak in Aliso Canyon that has irritated residents of Porter Ranch turn over all its test data and submit plans to seal up the breach. State Oil and Gas Supervisor Steven Bohlen ordered Southern California Gas Co. to provide all testing results and data and asked for a written plan to seal the leak and,if necessary, a plan to complete a relief well. The company has tried since Oct. 23 to stem the flow of gas...
  • Texas Official Raises Terror Alarm over Border Access to Pipelines

    11/17/2015 1:16:15 PM PST · by thackney · 15 replies
    Rig Zone ^ | November 17, 2015 | Deon Daugherty|
    The federal government's failure to secure the Texas-Mexico border continues to put critical oil and gas infrastructure in the state at risk, Texas Railroad Commission Chairman David Porter said in a Nov. 16 letter to the Homeland Security Department. Citing several news articles, Porter said ISIS has attacked against oil and gas pipelines in the Middle East, and to do so in Texas could be part of the terror group's plans. In 2013, the Yemeni oil minister said the destruction resulted in almost $1 billion in lost revenue. Porter was echoing sentiments he expressed in a letter last year to...
  • UOG 2015: PM Netanyahu to End Israeli Gas Deadlock 'Within Weeks'

    11/17/2015 11:55:43 AM PST · by thackney · 6 replies
    Rig Zone ^ | November 17, 2015 | Jon Mainwaring
    Israeli Prime Minister Benjamin Netanyahu is weeks away from signing a document that will lead to the resumption of efforts to develop Israel's natural gas sector, the country's energy minister said Tuesday. Rigzone heard Energy Minister Dr. Yuval Steinitz tell the Universal Oil & Gas Conference in Tel Aviv that Prime Minister Netanyahu will meet with the Israeli parliament's Economic Affairs Committee over the next couple of weeks before signing Article 52. This act will end a year-long delay in the development of the Tamar and Leviathan offshore natural gas fields that began when Israel's antitrust authority said in December...
  • New classifications of natural gas storage regions will begin November 19

    11/16/2015 5:18:10 AM PST · by thackney · 1 replies
    Energy Information Administration ^ | NOVEMBER 16, 2015 | Energy Information Administration
    he previous West region was split into two regions, the Pacific and Mountain regions. Although both the new Pacific and Mountain regions are dominated by storage in depleted fields, the Pacific region facilities tend to have much higher deliverability--meaning gas is able to be withdrawn at higher rates. Average deliverability of fields in the Pacific is close to 0.5 billion cubic feet per day (Bcf/d), which is nearly three times higher than that of the Mountain region, even though average working gas capacity is roughly the same in the two regions. Many facilities in the Pacific region use storage in...
  • North Dakota natural gas flaring targets challenged by rapid production growth

    11/13/2015 2:39:55 PM PST · by thackney · 5 replies
    Energy Information Administration ^ | NOVEMBER 13, 2015 | Energy Information Administration
    Increases in North Dakota's crude oil production have resulted in increased associated natural gas production from oil reservoirs, especially in the Bakken region. Because of insufficient infrastructure to collect, gather, and transport this natural gas, about one-fifth of North Dakota's natural gas production is flared rather than marketed. North Dakota's Industrial Commission (NDIC) has established natural gas capture targets in an effort to reduce the amount of flared gas, and they recently issued a revision to the flaring targets in response to faster-than-expected gas production growth in the Bakken region. North Dakota's current target is to capture and sell at...
  • New York Gov. Andrew Cuomo rejects proposed gas terminal off coast

    11/13/2015 8:07:54 AM PST · by thackney · 24 replies
    Fuel Fix ^ | November 12, 2015 | Associated Press
    Gov. Andrew Cuomo has rejected a proposal to build a liquefied natural gas terminal in the waters off New York and New Jersey, effectively killing the project amid an outcry from residents of some coastal communities that it could endanger the environment and be a target for terrorists. The deep-water docking station known as Port Ambrose was to be built 19 miles off Jones Beach on Long Island and 29 miles off Long Brach, New Jersey. Liberty Natural Gas LLC, the company vying to develop Port Ambrose, said the port would allow it to inject natural gas into the New...
  • Oil crash job losses in Texas may be steeper than previously thought

    11/13/2015 4:12:40 AM PST · by thackney · 39 replies
    Fuel Fix ^ | November 12, 2015 | Rhiannon Meyers
    The number of oil and gas job losses in Texas may be far worse than an industry group originally predicted, potentially reaching 56,000, according to the latest analysis by the Texas Alliance of Energy Producers. When crude prices started collapsing late last year, Karr Ingham, a petroleum economist for the alliance, initially forecast that the state could lose 40,000 to 50,000 upstream oil and gas jobs during the downturn, but the fresh plunge in oil prices over the summer forced additional round of layoffs across Texas. "We now appear to be well beyond that estimate and the end is not...
  • Analyst: Oil and gas companies burning through cash amid crude crunch

    11/11/2015 5:15:05 AM PST · by thackney · 5 replies
    Fuel Fix ^ | November 10, 2015 | Joshua Cain
    Plummeting prices for crude oil have restricted the spending power of many oil and gas companies over the last few quarters, as recent massive cuts in capital expenditures and slashed headcounts in Houston have shown. Illustrating how tight things have gotten for some companies, business research website FindTheCompany ranked firms in the U.S. by free-cash flow, which takes a company's operating cash flow and subtracts its capital expenditures. Using this metric, FindTheCompany showed that across all U.S. businesses, oil and gas producers had among the shortest strings on their budgets following the second quarter of 2015. Of the top 25...
  • Shell reorganizing its upstream businesses

    11/10/2015 8:33:58 AM PST · by thackney · 3 replies
    Oil & Gas Journal ^ | 11/06/2015 | OGJ editors
    Royal Dutch Shell PLC is reorganizing its upstream businesses in a move the company says will continue when it completes its $70-billion acquisition of BG Group next year (OGJ Online, Sept. 3, 2015). Shell also is slashing spending by the combined company. "We are reshaping the company, and this will accelerate once this transaction is complete," said Chief Executive Officer Ben van Beurden at a meeting with shareholders in London. Shell is making integrated gas a stand-alone organization and creating separate upstream and unconventional resources organizations. Maarten Wetselaar, currently executive vice-president of integrated gas, will be director of the stand-alone...
  • Keystone off the table, but back East, pipeline fight builds

    11/09/2015 9:55:14 AM PST · by thackney · 18 replies
    Fuel Fix ^ | November 9, 2015 | Associated Press
    They've shooed pipeline surveyors from their pastures, made anti-pipeline signs for a protest at the county courthouse and at appearances by the Virginia governor. They've also kept up pressure on local officials. As the leader in this multigenerational band of family activists, Carolyn Reilly has found the experience exhilarating and bruising. "There are days when I am in tears in frustration and exhaustion," she said. "Then there are days when I'm fired up and ready to fight." From New England to North Carolina, scattered insurgencies have formed in opposition to a spider web of pipelines up and down the Eastern...
  • Natural gas in storage reaches record level

    11/06/2015 10:18:26 AM PST · by thackney · 6 replies
    Fuel Fix ^ | November 6, 2015 | Robert Grattan
    he U.S. has tied and is set to surpass a record for the amount of natural gas in storage, according to the latest Energy Department data. Inventory figures released Thursday show 3.929 trillion cubic feet in storage across the country, tying the previous weekly record of 3.929 trillion cubic feet set on Nov. 2, 2012. And with two or three weeks of additional inventory gains expected this year, it’s likely the U.S. will have a new high mark by the time the summer and fall injection season ends. The large amount of gas in storage, continued strong gas production and...
  • China keeping an eye on surging U.S. oil and gas production

    11/05/2015 12:17:08 PM PST · by thackney · 24 replies
    Fuel Fix ^ | November 5, 2015 | Jennifer A. Dlouhy
    The United States’ energy renaissance is catching attention in Beijing, where Chinese leaders view the phenomenon as “a double-edged sword,” according to a white paper from the free-market group American Council for Capital Formation. “China trusted the United States more when U.S. oil import dependency was higher and Washington actively sought increases in global oil production, a mutually shared objective,” writes George David Banks, executive vice president of the group. “In Beijing’s view, the U.S. shale revolution has increased U.S. immunity to a reduction in global supply resulting from military conflict, political instability, or international sanctions, thereby making Washington a...
  • Legislature approves TransCanada buyout

    11/05/2015 6:29:28 AM PST · by thackney · 18 replies
    Alaska Journal of Commerce ^ | 11/04/2015 | Tim Bradner
    The state of Alaska will now own more of the big Alaska LNG Project. It will have to shell out more money for it, too. Alaska's Permanent Fund may have to be put up as collateral, also. Legislators have been meeting in special session in Juneau since Oct. 24 to review Gov. Bill Walker's proposal for the state to buy out TransCanada's share of the planned $45 billion to $65 billion pipeline and liquefied gas project. On Nov. 3 and 4, the state Senate (16-3) and House (39-0) gave their approvals. The acquisition is to be effective Dec. 1, under...
  • Obama's Win-Win: Support US Oil Exports In Exchange For A Ban On Flaring Of Natural Gas

    11/03/2015 5:32:00 AM PST · by thackney · 21 replies
    Forbes ^ | NOV 2, 201 | Jim Krane
    The debate over US crude oil exports provides a long-overdue chance to throw off the shackles of political gridlock. The Republican-dominated House voted last month to lift the 40-year-old ban on oil exports. President Obama vowed to veto the bill if it reaches him. However, the Obama administration and Congressional Democrats are showing signs of disillusionment with the increasingly indefensible ban, which rewards US refiners at the expense of oil producers and the motoring public. Still, a favor to the oil industry won't be possible without a concession, probably one that recognizes the environmental harm from enabling more US oil...
  • The most governmenty government operation ever: The $43 million Afghan gas station

    11/02/2015 7:29:56 PM PST · by Kaslin · 18 replies
    Hot ^ | November 2, 2015 | ED MORRISEY
    Ridiculously overbudget? Check. Unnecessary? Check. Impossible to support in the long run? Check. Zero accountability? Check and double-check. If a novelist wrote this as a satire of government operations, there wouldn’t be an editor who’d buy it — not for 43 cents, and certainly not for $43 million: Nearly $43 million of U.S. taxpayers’ money was spent on building a gas station in Afghanistan — 140 times more than it should have cost, according to a government watchdog.The Special Inspector General for Afghanistan Reconstruction (SIGAR) also said that one of the most “troubling” issues is how the Department of Defense...
  • Watchdog Blasts the Pentagon’s $43M Gas Station That Will Fuel Few Cars in Afghanistan

    11/02/2015 10:09:36 AM PST · by Citizen Zed · 8 replies
    Foreign Policy ^ | 11-2-2015 | DAVID FRANCIS
    The price of energy is dirt cheap right now: U.S. natural gas prices are at their lowest levels since 2012, and oil prices worldwide are near six-year lows . Leave it to the Pentagon to make the cost of delivering cheap energy ridiculously expensive. A compressed natural gas automobile filling station in Afghanistan that should have cost about $500,000 ended up costing $43 million, according to the Special Inspector General for Afghanistan Reconstruction (SIGAR). The watchdog agency said Monday it discovered the cost overrun during a review of the Defense Department's Task Force for Stability and Business Operations ( TFBSO...
  • Putin Is Taking A Big Risk With China Gas Deals

    11/02/2015 8:54:02 AM PST · by bananaman22 · 1 replies ^ | 11-02-2015 | pu
    As the above quote from 2014 indicates, some Russians have identified Russia’s future with Mr. Putin. In turn, Mr. Putin in the past has identified Russia’s future with its mineral resources, in particular its crude and natural gas resources, writing that they will drive Russia’s economic future, its ability to catch-up with developed economies, and its ability to modernize the Russian military and military industry. Consistent with securing Russia’s future (and presumably, therefore, his), Mr. Putin in May 2014 signed an agreement with PRC President Xi Jinping to supply 38 billion cubic meters (bcm) of natural gas annually to China...
  • World's first LNG-powered container ship, the Isla Bella of the Marlin class, begins service

    11/02/2015 5:55:58 AM PST · by thackney · 26 replies
    Energy Information Administration ^ | Energy Information Administration
    The General Dynamics shipyard in San Diego delivered the world's first liquefied natural gas (LNG) powered containership to TOTE Maritime on October 16. The 764-foot long Isla Bella is the first of the Marlin class, a new class of container ship built in the United States, making it Jones Act-qualified for shipments between U.S. ports. The ship was built by the National Steel and Shipbuilding Company, a division of General Dynamics. Delivered nearly two months ahead of schedule, the Isla Bella will operate out of Jacksonville, Florida, providing service to and from San Juan, Puerto Rico. The second ship of...
  • Several pipelines planned for central Pennsylvania

    11/02/2015 5:38:48 AM PST · by thackney · 14 replies
    Trib Live ^ | Oct. 30, 2015 | Candy Woodall
    While the last decade of oil and gas development has been largely contained to the shale regions of Pennsylvania, the next phase will tunnel through the midstate. Company men have been showing up at doorsteps throughout the region, asking for pieces of private property where pipelines can be built. After 10 years of drilling, shale operators have more natural resources than the infrastructure to deliver it. There's now more supply than demand, and pipeline builders are seizing the opportunity and submitting plans for an underground network to move through Pennsylvania. "These projects are absolutely crucial, especially given the fact that...
  • Infrastructure upgrades anticipate industry rebound

    10/28/2015 11:26:10 PM PDT · by brownwill6767
    Albuquerque Journal ^ | 10/26/15 | Kevin Robinson-Avila
    New Mexico’s oil and gas industry may be in the doldrums now, but state and economic development officials are laying the groundwork for a rapid comeback when markets improve. Gov. Susana Martinez released a new energy plan for New Mexico in September that calls for broad infrastructure development in the state’s Permian Basin in the southeast and the San Juan Basin in the northwest to facilitate oil and gas development. That includes road improvements, new pipelines to transport crude and natural gas, and possibly a new 100-mile rail line running from Interstate 40 in Gallup to Farmington. It also calls...
  • Fracking topples old King Coal

    10/28/2015 6:50:27 AM PDT · by thackney · 12 replies
    Washington Examiner ^ | 10/26/15 | JOHN SICILIANO
    King Coal may be losing its throne sooner than expected, as the U.S. goes through a change in how it gets the bulk of its electricity. The change is not coming from solar and wind as environmental groups would like to believe, although renewables are growing. The big switch is coming from natural gas produced from fracking shale rock deep underground. Natural gas is replacing coal as the dominant way Americans receive electricity to power everything from their lights to their iPhones to the big screen televisions. It is cheaper than coal, which is why natural gas power plants are...
  • Woman Doing Repairs Blows Up Her House

    10/27/2015 8:39:49 AM PDT · by simpson96 · 96 replies ^ | 10/26/2015 | Neal Colgrass
    A Massachusetts woman apparently botched some home repairs yesterday and blew her house to smithereens, WBT reports. Lucky for Laurie Beliveau, 52, she fled her property in Taunton, Mass., minutes before the explosion. "We, my son and I, got her a pair of sandals and a glass of water and within about five minutes the house was in flames and the windows exploded," says Paul Saltalamacchia, a neighbor who saw her crying for help. Seems that Beliveau was trying to fix her hot water heaterwhich was gas-fueledwhen she took off the gas shut-off valve, according to fire officials. That allowed...
  • We won't compete with Russia (US origin liquefied natural gas as limited export capacity)

    10/26/2015 6:40:26 AM PDT · by Trumpinator · 4 replies ^ | 10/26/2015 | Nyshka Chandran
    U.S.-based Cheniere Energy doesn't believe it will become Europe's leading liquefied natural gas (LNG) player despite bullish export plans. The company, headquartered in Houston, is at the forefront of what is being called a U.S. energy renaissance with plans to churn out its first batch of LNG for overseas shipments in the next few months. Export production volumes at its Sabine Pass export terminal are expected at 27 million metric tons per year (mmtpy), a number set to rise to 60 mmtpy by 2025. That's sparked market talk of whether Cheniere could overcome Russia to become Europe's leading supplier once...
  • Who on Wall Street is Now Eating the Oil & Gas Losses?

    10/22/2015 5:48:01 PM PDT · by Lorianne · 5 replies
    Wolf Street ^ | 20 October 2015 | Wolf Richter
    Banks, when reporting earnings, are saying a few choice things about their oil-and-gas loans, which boil down to this: its bloody out there in the oil patch, but we made our money and rolled off the risks to others whore now eating most of the losses. On Monday, it was Zions Bancorp. Its oil-and-gas loans deteriorated further, it reported. More were non-performing and were charged-off. Thered be even more credit downgrades. By the end of September, 15.7% of them were considered classified loans, with clear signs of stress, up from 11.3% in the prior quarter. These classified energy loans pushed...
  • Yale Study On Fracking Contaminating Drinking Water Finds Surprising Results

    10/19/2015 8:04:55 PM PDT · by Beave Meister · 17 replies
    The Libertarian Republic ^ | 10/14/2015 | Andrew Follett
    The Sierra Club should start printing retractions (something theyve been getting a lot of practice doing), because researchers from Yale University have concluded that hydraulic fracturing, or fracking, doesnt contaminate drinking water! [There is] no evidence of association with deeper brines or long-range migration of these compounds to the shallow aquifers concludes the new study, which was published in the highly prestigious Proceedings of the National Academy of Science. The study, the largest of its kind, sampled 64 private water wells near fracking sites to determine if they could be contaminated by fracking fluids. [The chemicals] are likely not a...
  • Gov. Sarah Palin: Obamas Impotence

    10/17/2015 6:22:30 PM PDT · by Bratch · 22 replies
    Conservatives4Palin channeling Facebook ^ | October 16, 2015 | Sarah Palin via izthatiiz
    Governor Palin weighs in on Obama’s failed ISIS strategy: OBAMA’S IMPOTENCE; WHY HE CAN’T "DRILL, BABY, DRILL" Obama destroys our own oil development and pipeline proposals (, and vows to bankrupt our American-made energy industry (, but is impotent against a crazy Muslim cult’s crude wealth-generating oil infrastructure. Memo to Obama: you could destroy ISIS in a heartbeat if you wanted to. These desert rats aren’t running a covert oil operation – their rigs, pump stations, gathering centers, separation facilities, pipelines, value-added refineries, trucks and transportation corridors are right there under your nose. Bomb them. Let the United States Military do...
  • Poland signs deal to build gas link with Lithuania

    10/17/2015 3:17:39 AM PDT · by WhiskeyX · 1 replies
    Warsaw Voice ^ | October 16, 2015 | Warsaw Voice
    European Commission President Jean-Claude Juncker, Latvian PM Laimdota Straujuma, Polish PM Ewa Kopacz, Lithuanian President Dalia Grybauskaite Polish PM Ewa Kopacz, European Commission President Jean-Claude Juncker and the leaders of Lithuania, Latvia and Estonia Thursday in Brussels signed a financing deal that will allow the construction of the Gas Interconnector Poland-Lithuania (GIPL) the first gas pipeline linking the Baltic region with the EU energy market. The pipeline to be built by December 2019 will reduce Baltic States' dependence on Russian gas. Once it is built, it will connect the Lithuanian, Estonian and Latvian gas network with the EU.
  • Natural gas pipelines under construction will move gas from Azerbaijan to southern Europe

    10/14/2015 9:41:18 AM PDT · by thackney · 2 replies
    Energy Information Administration ^ | OCTOBER 14, 2015 | Energy Information Administration
    Construction or preliminary work has begun on three new pipelines designed to flow new supplies of natural gas from Azerbaijan to consumers in Turkey, Bulgaria, Greece, and Italy. For more than a decade, companies have been announcing proposals to build new natural gas pipelines to connect natural gas resources in Russia, Central Asia, and the Middle East with consumers in southern Europe. In contrast to the three new pipelines considered in this article, most of these projects have failed to advance. These three new or expanded pipelines would reach from Azerbaijan's eastern edge on the Caspian Sea to Italy's southeastern...
  • EPAs Methane Rules Come from Same Playbook as Clean Power Plan

    10/13/2015 12:08:10 PM PDT · by Kaslin · 7 replies ^ | October 13, 2015 | Isaac Orr
    A proposed new rule unveiled by the Obama administration would require by 2025 a 40 to 45 percent reduction from 2012 levels in methane emissions from new and modified oil and natural gas wells. Unlike methane regulations passed in 2012, the new rules would regulate methane emissions throughout the oil and gas industry, including production processing, transmission, and storage. The regulations would force a reduction in the amount of methane escaping into the atmosphere during hydraulic fracturing, also known as fracking, by requiring the use of equipment to capture these emissions from new oil and gas wells. Much like the...
  • Turkey threatens the major prospects for Eastern Med gas supply (Beware Russia blocking Med gas)

    10/12/2015 7:34:22 AM PDT · by Titus-Maximus · 6 replies
    Security Europe ^ | June 22, 2015 | Ariel Cohen
    As Europe seeks to diversify its sources of natural gas as an alternative to the politically sensitive Russian supply, a massive off-shore gas source in the Mediterranean is ready for exploration and drilling. There are game-changing stakes at play. Unfortunately, the Turkish leadership has threatened to use force to stop this from happening. Last October, Turkey sent the BARBAROS, its geophysics exploration ship, accompanied by naval vessels, into the Cypriot Exclusive Economic Zone waters. In November 2014, Turkish naval commander Admiral Bülent Bostanoğlu threatened the use of force against Greece, while speaking on board a Turkish naval corvette in Greek...
  • New gas fields add more heat to already simmering Mediterranean

    10/12/2015 2:11:56 AM PDT · by TigerLikesRooster · 2 replies
    Al Monitor ^ | October 6, 2015 | Walaa Hussein
    New gas fields add more heat to already simmering Mediterranean CAIRO Some observers speculate that gas exploration activities in the Mediterranean will create a new axis of conflict in the region. The conflict over gas reserves in the Mediterranean has pushed Cairo to rush to find solutions to the demarcation of the overlapping maritime border between Egypt, Israel, the Palestinian territories, Lebanon, Syria, Turkey, Greece and Cyprus. Summary The recent gas discoveries in the eastern Mediterranean Sea have given the concerned countries, mainly Egypt, Turkey and Israel, a new urgency in settling their maritime border disputes. Author Walaa Hussein...
  • Gas power passes coal for the second time ever

    10/08/2015 5:32:05 AM PDT · by thackney · 29 replies
    Fuel Fix ^ | Jordan Blum
    The amount of electricity generated from natural gas surpassed the share of coal-fired production in July in the U.S. for the second time. The first time was for the month of April, according to U.S. Energy Information Administration. The EIA reported Wednesday that the share of electricity coming from natural gas-fired power plants hit 35 percent in July. It was 34.9 percent from coal plants. The shift comes as the ongoing domestic shale boom produces lots of natural gas at relatively cheap prices. At the same time, few new coal plants are being built nationally because of increasing federal regulations...
  • Cheniere Energy prepares Sabine Pass plant for LNG production

    10/07/2015 5:34:43 AM PDT · by thackney · 9 replies
    Fuel Fix ^ | October 7, 2015 | Rhiannon Meyers
    Cheniere Energy has started the monthslong process of preparing its $18 billion Sabine Pass liquefied natural gas export terminal to crank out its first batch of super chilled gas for shipment overseas. The Houston-based company received permission from federal regulators to pipe natural gas into the sprawling plant on a remote stretch of coastline along the border between Texas and Louisiana as it starts priming the first production facilities for start-up. Last week, Sabine Pass LNG began bringing in small amounts of natural gas and burning some off, a process called flaring, providing early signs that the first phase of...
  • Household heating costs are expected to be lower than previous two winters

    10/06/2015 8:11:44 AM PDT · by thackney · 18 replies
    Energy Information Administration ^ | OCTOBER 6, 2015 | Energy Information Administration
    Most U.S. households can expect lower heating expenditures this winter (October through March) compared with the past two winters. In most regions, the decline in expenditures is attributed to the combination of warmer weather and lower fuel prices. According to EIA's Winter Fuels Outlook, average household expenditures for homes heating primarily with natural gas will total $578 this winter, a $64 decline from last winter's average. Homes primarily using propane are expected to spend $1,437 this winter ($322 less). Homes heating primarily with heating oil are expected to spend $1,392 ($459 less). Homes heating primarily with electric heat are expected...
  • Six Reasons Natural Gas Prices Are Staying Down

    10/05/2015 2:16:22 PM PDT · by bananaman22 ^ | 05-10-2015 | Tom
    The critical natural gas transit country, Ukraine, reached a supply agreement in the last week of September with the EUs largest fuel supply partner: Russia. One could argue that this agreement could actually have come too late. Natural gas supply to Europe heading into winter 2015 seems more secure than ever before, a sharp contrast to the icy winters of 2006 and 2009, in which Russia cut off natural gas supply to Eastern Europe over a conflict with the Ukraine. The following factors have turned the European natural gas market from a beggars cant be choosers into a true buyers...
  • Lafayette Parish President candidates field questions on coal-fired plant, traffic signals

    10/05/2015 6:15:58 AM PDT · by Tolerance Sucks Rocks · 1 replies
    The Advocate ^ | October 1, 2015 | Richard Burgess
    City-parish president candidates Joel Robideaux and Dee Stanley navigated questions on coal-generated power, the disruption an elevated interstate might cause in Lafayette and whether the city has too many traffic signals all posed at a Thursday evening forum sponsored by the local chapter of the Sierra Club. In a campaign season where the candidates have often found themselves repeatedly addressing the same issues in the string of debates and forums leading up to the Oct. 24 election, Stanley and Robideaux covered some new ground at the environmental groups forum at the Lafayette Public Library downtown. Robideaux, a longtime state...
  • BHI: US rig count plunges 29 units to lowest total since May 2002

    10/03/2015 2:41:12 PM PDT · by thackney · 5 replies
    Oil & Gas Journal ^ | 10/02/2015 | Matt Zborowski
    In a shift reminiscent of the freefall that occurred earlier this year, the overall US drilling rig count plunged 29 units during the week ended Oct. 2 to a total of 809, the lowest since May 3, 2002, according to data from Baker Hughes Inc. The count has now fallen in 6 consecutive weeks, giving up 76 units during that time. The recent decline follows a small summer rebound in which the total climbed 28 units over a 9-week period from a nadir of 857 to a plateau of 885. The count is now down 1,113 units year-over-year and 1,122...
  • Trouble Ahead For The Worlds Next Shale Boom?

    09/30/2015 8:17:44 AM PDT · by bananaman22 · 6 replies ^ | 30-09-2015 | jaja
    Argentina has often been held up as the next most likely location for a shale revolution, with some of the largest shale oil and gas reserves in the world. Argentina could hold more than 800 trillion cubic feet of shale gas, more than the U.S., and second only to China, according to the EIA. Its shale oil resources, at 27 billion barrels, are also significant. If Argentina is to succeed in developing its shale resources, the Vaca Muerta is where it will happen. The shale basin in central Argentina has been one of the most watched shale basins outside of...
  • Shale gas development in China aided by government investment and decreasing well cost

    09/30/2015 5:52:22 AM PDT · by thackney · 11 replies
    Energy Information Administration | SEPTEMBER 30, 2015 | Energy Information Administration
    Decreases in the cost to drill shale gas wells and continued investment into domestic production have allowed China to increase its development of shale gas. Although reliance on natural gas imports has increased in the Chinese energy market, future shale gas production in China would help to meet natural gas demand as the country faces difficulties in developing other natural gas resources, including coalbed methane (CBM). Over the past 25 years, China has attempted to develop its substantial CBM resources, estimated by China's Ministry of Land and Resources (MLR) at more than 1,000 trillion cubic feet (Tcf). Currently, there are...
  • Can we run our cars on natural gas? Interview with Bob Farris and Carole Hornsby Haynes, PhD,

    09/29/2015 4:05:50 PM PDT · by RaceBannon · 62 replies
    The Jacki daily Show ^ | 6/17/2015 | The Jacki Daily Show
    Can We Run Our Cars on Natural Gas? In an attempt to insulate the U.S. from dependence on foreign oil, many have advocated that we transition our vehicles from oil derived gasoline to natural gas. One North Texas couple invested in this plan, and Bob Farris and Carole Hornsby Haynes, PhD, share their experience. While natural gas is a great fuel for fleet vehicles and large trucks or buses, it faces many challenges in the rest of the commercial fleet.
  • Ambitious LNG Project Could Revive Alaska's Fortunes

    09/23/2015 5:36:13 AM PDT · by thackney · 1 replies
    Forbes ^ | SEP 22, 2015 | Brigham A. McCown
    Alaska was long at the vanguard of Americas energy industry. At one time the State of Alaska accounted for as much as one-quarter of the entire countrys domestic oil production. Alaskas vast fields also served as a source of pride and the backbone of the states economy. As production surged, it was common to hear industry men revel in the United States diminishing reliance on foreign supplies as they worked rigs up and down regional reserves. Yet, as energy development in the lower 48 has burgeoned over the past decade, those refrains have waned as has production. Fed...
  • Partners submit application for 3-state natural gas pipeline

    09/21/2015 8:02:31 AM PDT · by thackney · 6 replies
    AP via Blue Ridge Now ^ | September 20, 2015 | JOHN RABY
    Four energy partners formally asked the federal government on Friday for permission to build a 564-mile natural gas pipeline in West Virginia, Virginia and North Carolina. The 348-page application was submitted to the Federal Energy Regulatory Commission. The $5 billion Atlantic Coast Pipeline is intended to deliver cleaner burning natural gas to the Southeast as utilities move away from coal-burning power plants amid tighter federal rules on pollution that contributes to climate change. Richmond, Virginia-based Dominion Resources Inc. and Charlotte, North Carolina-based Duke Energy would have 45 percent and 40 percent ownership stakes in the pipeline, respectively. Charlotte-based Piedmont Natural...
  • Chinese methanol project to break ground in Louisiana

    09/16/2015 2:07:06 PM PDT · by thackney · 9 replies
    Fuel Fix ^ | September 16, 2015 | Jordan Blum
    The groundbreaking of a $1.85 billion Chinese investment for a Louisiana chemical plant is slated for Friday with London-based Amec Foster Wheeler newly signed on for engineering services and more. Chinas Shandong Yuhuang Chemical Co. formed the Yuhuang Chemical Inc. in Houston last year to develop the large methanol plant in Louisianas St. James Parish, which is between New Orleans and Baton Rouge. Methanol is primarily used to make other commercial chemicals. The project is part of the massive growth of petrochemical projects in Texas and Louisiana as companies seek to take advantage of cheap natural gas feedstocks coming from...
  • Competing Gas Pipelines Are Fueling The Syrian War & Migrant Crisis(Inside the ar)

    09/16/2015 11:31:10 AM PDT · by lbryce · 11 replies
    Zero hedge ^ | September 10, 2015 | Tyler Durden
    Dont let anyone fool you: As we have detailed since 2013, sectarian strife in Syria has been engineered to provide cover for a war for access to oil and gas, and the power and money that come along with it. Editors note: This article has been updated to reflect recent Wikileaks revelations of US State Department leaks that show plans to destabilize Syria and overthrow the Syrian government as early as 2006. The leaks reveal that these plans were given to the US directly from the Israeli government and would be formalized through instigating civil strife and sectarianism through...
  • BHI: US rig count hits lowest level since January 2003

    09/14/2015 9:40:05 AM PDT · by thackney · 3 replies
    Oil & Gas Journal ^ | 09/11/2015 | Matt Zborowski
    The overall US drilling rig count declined 16 units to 848 during the week ended Sept. 11, representing a new low point during the current downcycle, according to data from Baker Hughes Inc. With 1,083 fewer units operating year-over-year, the current overall count is the lowest since the week ended Jan. 17, 2003, and remains below the bottom of 876 during the 2009 downturn. The overall drop was again anchored by oil-directed rigs, which fell by double-digits for a second consecutive week (OGJ Online, Sept. 4, 2015). The third straight week of overall declines follows across-the-board gains in monthly average...
  • Natural gas use features two seasonal peaks per year

    09/11/2015 7:40:17 AM PDT · by thackney · 17 replies
    Energy Information Administration ^ | SEPTEMBER 11, 2015 | Energy Information Administration
    Use of natural gas has two seasonal peaks, with consumption patterns predominantly driven by weather. The largest peak occurs during the winter, when cold weather increases the demand for natural gas space heating in the residential and commercial sectors. A second, smaller peak occurs in the summer when air conditioning use increases demand for electric power, an increasing portion of which is provided by natural gas-fired generators. The electric power sector is the largest consumer of natural gas, having surpassed the industrial sector in 2009. Consumption of natural gas in the power sector peaks in the summer when demand for...
  • Meeks Pushed for Iran Sanction Exemption After Azerbaijan Junket

    08/03/2014 9:10:02 AM PDT · by jazusamo · 12 replies
    NLPC | August 3, 2014 | Peter Flaherty
    Theres fallout from the July 27 Houston Chronicle expos of a trip to Azerbaijan by 10 member of the House that violated House rules. The trip was ostensibly sponsored by nonprofit groups but was actually funded by oil companies BP, Conoco Phillips and SOCAR, the national oil company of Azerbaijan. According to the New York Post today: Rep. Gregory Meeks pushed to let an Iran-backed natural-gas project dodge US sanctions after attending an illicit junket paid for by energy companies. Also from the Post: Congressman Meeks went on a 2013 Congressional trip to Baku, Azerbaijan, subsidized in part...
  • Hawaiian Electric ponders next move after governor opposes use of LNG: source

    09/01/2015 6:09:15 AM PDT · by thackney · 25 replies
    Platts ^ | 31 Aug 2015 | Mary Powers
    Comments by Hawaii Governor David Ige this week has left Hawaiian Electric in a quandary regarding its plan to burn regasified LNG shipped from Canada in its oil-fired power plants, a source at the utility said Friday. "We're in a bit of a stew at the moment," the source, who asked not to be identified, said. Ige previously supported using LNG as a transitional fuel as the state moved to 100% renewable generation by 2045. "When it was first proposed, I was willing to support it as a transitional fuel because it had some clear advantages for Hawaii," Ige said...
  • GEs Lufkin Industries closing plant, making layoffs

    09/01/2015 5:28:23 AM PDT · by thackney · 14 replies
    Fuel Fix ^ | August 31, 2015 | Jordan Blum
    GE Oil & Gas is closing a plant in Lufkin and eliminating 262 positions at the plant and at one other facility. This is the third major job reduction by GEs Lufkin Industries this year and the second at its Foundry plant, which is being closed through this mass layoff, the company said in a letter to the Texas Workforce Commission. Many oil field services companies have implemented major job cuts during the ongoing oil downturn. The reduction of 176 of the 187 jobs at the Foundry plant will begin Sept. 10 and conclude at the end of the month....