New pipelines are moving natural gas to nearby market areas in Mid-Atlantic area (New York, New Jersey, Pennsylvania) A number of recently completed and upcoming natural gas infrastructure projects are expected to increase the reach of natural gas produced in the Marcellus and Utica regions of the Northeastern United States (see map), according to the US
New pipelines increase Northeast natural gas takeaway capacity Read More »
Crude oil stocks at highest inventory level for Dec. since 1930 Total petroleum deliveries, a measure of consumer demand, in Dec. rose by 1.1 per cent from Dec. 2014 to average nearly 19.7 million barrels per day, according to API’s Monthly Statistical Report for Dec. 2015. These were the highest Dec. deliveries in five years. “Low
Demand for petroleum rose in Dec., highest in 5 years – API Read More »
“The growth of smart home devices coincides with interest from utilities to tap into not only those devices, but also distributed generation or energy storage assets” DALLAS, TX – Nearly 30 per cent of U.S. broadband households value control of their smart home energy devices over cost savings, but approximately one-half of product owners or purchase intenders
Half of US households would allow utility to control smart home devices – poll Read More »
Chuandongbei estimated to contain recoverable natural gas resources of 3 trillion cubic feet SAN RAMON, Calif. – Chevron Corporation announced today that its fully-owned subsidiary Unocal East China Sea, Ltd. began natural gas production from the first stage of the Chuandongbei Project in southwest China. Chuandongbei is one of the largest onshore gas projects developed
Chevron announces first gas from Chuandongbei project in China Read More »
Investment grade E&Ps currently on Negative Outlook include ConocoPhillips, Hess, Southwestern Energy Company NEW YORK, NY – The dramatic price declines afflicting the oil and gas industry is finally beginning to affect company credit ratings, according to Fitch Ratings. Fitch Ratings has revised its 2016 rating outlook for the US oil and gas industry to
Credit ratings outlook for US oil & gas revised to negative on lower prices – Fitch Read More »
Carnot Compressor projected to cut the energy utilized for CNG compression by 30% PORTLAND, Ore. – A new industry consortium comprised of companies from the United States and Canada has been created to build and test an innovative CNG refueling unit. The planned 2-GGE/hour prototype compressor will use Carnot’s proprietary isothermal micro-bubble CNG compression technology, which utilizes
Consortium to test ‘disruptive compression technology’ for CNG refueling Read More »
Kosmos Guembeul-1 confirms the presence of a world class gas resource that extends into both Senegal and Mauritania DALLAS, Texas – Kosmos Energy announced today that its Guembeul-1 exploration well, located in the northern part of the St. Louis Offshore Profond license area in Senegal, has made a significant gas discovery. Located approximately five kilometers
Kosmos Energy finds significant natural gas discovery offshore Senegal Read More »
Marcellus, Utica production grown rapidly over past several years, infrastructure growth has not kept pace New pipelines in the Marcellus and Utica shale plays are narrowing the natural gas pricing with the Henry Hub, according to the US Energy Information Administration. Natural gas spot prices around the United States are often compared to prices at
Natural gas pricing between Henry Hub, Marcellus narrows – EIA Read More »
Line 901 oil spill onto Pacific coastline initially called a small spill, until months later it was revealed to be much larger, and the U.S. Department of Justice had initiated a criminal investigation into the spill A Denver law firm says that as part of a class action lawsuit it is investigating whether officers and directors of Houston-based Plains
Law firm says Plains All American Pipeline may have misled investors Read More »
With earlier expiration dates for Brent contract, prompt month prices for Brent, WTI represent same delivery period on fewer days each month. A change to the North Sea Brent crude oil futures contract will alter the way prices for Brent futures are compared to futures prices for West Texas Intermediate (WTI) crude oil, according to
Crude oil futures comparisons affected by changing contract expiration dates – EIA Read More »
