October 2015

Canadian carbon capture facility working at 40 per cent capacity

News

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 […]

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

News

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

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Occidental Petroleum announces Q3 2015 financial results

Energy Financial

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

Energy Financial

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

Energy Financial

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

News

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

Energy Financial

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

Innovation

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

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Bipartisan bill on pipeline inspectors hiring introduced in House

News

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

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