Energy News

Pipeline regulator PHMSA raises penalties for safety violations

Pipeline regulator PHMSA raises penalties for safety violations

Maximum PHMSA penalty now $209,002 per day the violation continues The US Pipeline and Hazardous Materials Safety Administration (PHMSA) said on Friday that it is increasing the maximum civil penalties that may be imposed for federal pipeline safety laws violations. The MHMSA has changed the maximum penalty for a single violation is now $209,002 for every day […]

By April 28, 2017 0 Comments Read More →
US rig count up for 15th straight week, but pace slowing

US rig count up for 15th straight week, but pace slowing

Rig count up by nine in US, down by 14 The US rig count increased for the 15th straight week, but according to Baker Hughes, drilling pace has slowed in April to the lowest in five months as crude prices fell below $50/barrel this week and the effectiveness of OPEC’s supply cut deal is in […]

By April 28, 2017 0 Comments Read More →
Natural gas pipeline from western Canada to Chicago considers expanding

Natural gas pipeline from western Canada to Chicago considers expanding

After processing at Aux Sable, natural gas is delivered to several major interstate natural gas pipelines Owners of the Alliance pipeline, one of the longest natural gas pipelines in North America, are in the early stages of assessing interest in expanding its capacity to transport natural gas from western Canada to Chicago, Illinois, according to […]

Is LNG or pipeline gas more carbon-intensive? The answer may surprise you

Is LNG or pipeline gas more carbon-intensive? The answer may surprise you

LNG accounts for only 10 per cent of total natural gas traded across the globe, yet its rate of growth is almost twice as fast as pipeline gas, making it an important part of the portfolios of major oil and gas companies, according to analysis from Wood Mackenzie. But while the process of piping natural gas to […]

Trump coal boost no match for cheap natural gas

Trump coal boost no match for cheap natural gas

Coal demand dropped as utilities switched to natural gas The top executive of Union Pacific Corp told Reuters that US President Trump’s executive order to boost the coal industry by rolling back power-plant emissions standards will likely have much less impact than the market than the cost of natural gas. Chief Executive Lance Fritz told Reuters […]

By April 27, 2017 0 Comments Read More →
OPEC looking for consensus on decreasing oil glut

OPEC looking for consensus on decreasing oil glut

OPEC meeting in May to discuss extending supply cut pact OPEC Secretary General Mohammad Barkindo says influential members of the cartel, including Saudi Arabia, are working to ensure an agreement to extend the supply cut pact is reached when the group meets in Vienna late next month. Originally, the Organization of Petroleum Exporting Countries along […]

By April 27, 2017 0 Comments Read More →
Bakken crude ships to Asia for the first time, more after DAPL complete

Bakken crude ships to Asia for the first time, more after DAPL complete

Bakken crude shipped from Louisiana port The first shipment of Bakken crude to Asia left a Louisiana port late last month, which is expected to be the first of many cargoes once the Dakota Access Pipeline starts transporting oil in May. According to shipping documents seen by Reuters, Swiss-based Mercuria Energy Trading S.A. loaded over […]

By April 26, 2017 0 Comments Read More →
US crude stocks fall but gasoline and distillate inventories increase

US crude stocks fall but gasoline and distillate inventories increase

US crude stocks down 3.6 million barrels US crude stocks fell and inventories of gasoline and distillates rose last week after refineries boosted production rates to the highest since November, 2015, according to the Energy Information Administration. The EIA reports crude inventories fell by 3.6 million barrels in the week ending April 21.  Analysts had predicted […]

By April 26, 2017 0 Comments Read More →
Can there be a coal comeback?

Can there be a coal comeback?

Indian coal demand likely to grow in years ahead, but won’t make up for slow-down in China Trevor Houser, Jason Bordoff and Peter Marsters from the Center On Global Energy Policy offer an empirical diagnosis of the causes of the US coal industry collapse over the last six years, which has been characterized by bankruptcy […]

Important context on new duke spills study

Important context on new duke spills study

No industry is 100% risk free, but steps taken to prevent environmental or public harm has increased by Nicole Jacobs, EnergyInDepth Today, Duke University published a study analyzing oil- and gas-related spill rates in four states,  identifying 6,648 spills reported across Colorado, New Mexico, North Dakota and Pennsylvania from 2005 to 2014. But, much like […]