Archive for October, 2015

Canadian carbon capture facility working at 40 per cent capacity

Canadian carbon capture facility working at 40 per cent capacity

Canadian carbon capture facility at coal-fired dam in Saskatchewan REGINA – Energy Minister Bill Boyd admits the much-touted Canadian carbon capture facility near Estevan, Saskatchewan isn’t going as well as planned. The goal was to reduce carbon-dioxide emissions from the coal-fired Boundary Dam power plant near Estevan by one million tonnes annually. But the facility is only operating at […]

Canadian oilpatch to lose $2.1B this year: Better 2016 forecast

Canadian oilpatch to lose $2.1B this year: Better 2016 forecast

Canadian oilpatch cost cutting measures bear fruit in 2016 CALGARY – Canada’s oil industry is expected to dive into the red this year, but begin crawling back to profitability in 2016 as cost-cutting efforts pay off, according to a Conference Board report published amid a flurry of discouraging news in the oilpatch. The Ottawa-based economic think-tank […]

Shell scrapping Alberta oilsands project

Shell scrapping Alberta oilsands project

Shell blames lack of pipelines for abandoning Alberta oilsands project CALGARY – Royal Dutch Shell is scrapping its Carmon Creek oilsands project in northwestern Alberta, citing a lack of pipelines to coastal waters as one reason for the decision. The move comes after a review of the project’s design and costs and where it stacks up against […]

Occidental Petroleum announces Q3 2015 financial results

Occidental Petroleum announces Q3 2015 financial results

Permian Basin represents over 50% of total oil/gas spending for Occidental Petroleum HOUSTON – Occidental Petroleum Corporation announced core income for the third quarter of 2015 of $24 million or $0.03 per diluted share. Reported income was a loss of $3.42 per diluted share for the quarter, including $2.6 billion after tax charges, which reflect the sharp decline […]

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Small-scale LNG projects: Growing demand spurs technology joint venture

Small-scale LNG projects: Growing demand spurs technology joint venture

Modular technology can be used on projects up to 500,000 gallons/day of LNG production Growing demand for LNG in the American transportation sector is driving the construction of small-scale plants, according to two Houston-based firms that are stepping up their efforts to serve the rapidly expanding market. Kiewit Energy Company and Air Products have agreed to collaborate […]

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National Oilwell Varco reports Q3 net income of $155 million

National Oilwell Varco reports Q3 net income of $155 million

National Oilwell Varco Q3 2015 revenues were $3.31 billion, down 15% from Q2 and 41% from Q3 2014 HOUSTON – National Oilwell Varco, Inc. today reported that for its third quarter ended Sept. 30 it earned net income of $155 million or $0.41 per fully diluted share, compared to second quarter ended June 30, 2015 net income of $289 million, or $0.74 […]

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Auburn Loop pipeline system delivers Marcellus Shale gas starting Nov. 1

Auburn Loop pipeline system delivers Marcellus Shale gas starting Nov. 1

Auburn gathering system helps close Marcellus ‘infrastructure gap’ WYOMISSING, Pa. – UGI Energy Services, LLC has announced the completion of the Auburn Loop pipeline project, a new nine-mile, 24-inch pipeline running from Susquehanna County to UGI Energy Services’ Manning Compressor Station in Wyoming County. The Auburn Loop parallels the existing 12-inch Auburn pipeline, and is scheduled to start delivering […]

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Hummel Station: 1,124 MW coal to natural gas power plant one of largest in US

Hummel Station: 1,124 MW coal to natural gas power plant one of largest in US

Hummel Station will draw natural gas from Marcellus Shale DALLAS – Panda Power Funds has financed the 1,124 megawatt Hummel Station power plant — one of the largest coal-to-natural gas power conversion projects in the United States. The plant will be located at the site of the retired Sunbury coal-fired power plant near Shamokin Dam in […]

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University of California climate change solutions: 10 campuses turned into living lab

University of California climate change solutions: 10 campuses turned into living lab

University of California plan to be presented at Paris climate change conference SAN DIEGO – Reducing the human carbon footprint is a “moral imperative,” University of California President Janet Napolitano said Tuesday as she vowed to turn the system’s 10 campuses into a living laboratory for solutions that can be scaled up to state, national and global […]

Bipartisan bill on pipeline inspectors hiring introduced in House

Bipartisan bill on pipeline inspectors hiring introduced in House

Pipeline inspectors hiring authority by the Pipeline and Hazardous Materials Safety Administration proposed Last week, a group of bipartisan Members introduced H.R. 3823, a bill that would see direct hiring authority of pipeline inspectors handed over to the Pipeline and Hazardous Materials Safety Administration, or PHMSA. Rep. Pete Olson (R-TX) noted the bill expedites the process […]