Husky Energy’s 2016 sustaining/maintenance costs expected to be $2.4-2.6 billion, a 15-20% reduction compared to $3 billion average CALGARY, AB – As the North American oil and gas sector braces for a difficult 2016, Husky Energy says it has reduced costs to the point where it can break even if West Texas Intermediate remains below $40USD. “Five years
Husky Energy lowers break even to sub-$40 US WTI Read More »
Sweeny Fractionator One NGL and the Freeport LPG Export Terminal represent a combined capital investment of more than $3 billion HOUSTON, TX – Phillips 66 has begun operations at its new 100,000 barrels-per-day (BPD) natural gas liquids or NGL fractionator located at the company’s Sweeny Complex in Old Ocean, Texas. Sweeny Fractionator One supplies purity ethane
Phillips 66 fires up 100,000 barrel per day NGL operation in Texas Read More »
“For both oil sands gases, the levels are comparable to what satellites see over a large power plant—or for nitrogen dioxide, comparable to what they see over some medium-sized cities” – McLinden Using data from a NASA satellite, researchers have found that the emission of pollutants from oil sands mining operations in Canada’s Alberta Province are comparable
NASA satellite finds oil sands emissions similar to large power plant, medium-sized city Read More »
Energy CFOs pessimistic oil demand will grow substantially in 2016 CHICAGO, Ill. – BDO USA LLP released today results from its 2016 Energy Outlook Survey, which found that 60 per cent of energy chief financial officers (CFOs) expect changes in oil and gas prices to be the single most important factor dictating whether the energy industry recovers
Energy industry expects a stormy 2016 – BDO survey Read More »
Waste heat to power could generate more electricity than solar, wind combined HAYWARD, Calif. – Squeezing more energy from existing operations is a much more efficient method of generating power than solar and wind, according to the waste heat to power industry. Alphabet Energy, the global leader in thermoelectrics for waste heat to power (WHP) and
Waste heat to power: Hottest new clean energy solution Read More »
Cycle of earlier-than-anticipated hydro power followed by more natural gas generation may be repeated this winter in Pacific Northwest In the summer of 2015, hydroelectric generation in Washington and Oregon, which provides the largest share of electricity generation in the Pacific Northwest, was lower than normal, causing an increased reliance on natural gas and other fossil generation
Pacific Northwest electricity mix influenced by weather conditions, El Niño Read More »
Since FY 2010, number of traditional gasoline-powered vehicles owned by government agencies has declined 10% According to the Federal Energy Management Program (FEMP), energy consumption by the U.S. federal government fell to 0.94 quadrillion British thermal units (Btu) in fiscal year (FY) 2014, the lowest level since data collection began in FY 1975 on energy
Energy use by American agencies continues to decline Read More »
NERA Economic Consulting found inconsistencies and other issues with calculations the administration used to generate the social cost of methane emissions WASHINGTON, December 4, 2015 – EPA’s proposal for additional methane emissions regulations on oil and gas wells and transmission are duplicative and costly, Howard Feldman, senior director of regulatory and scientific affairs, told reporters
API: Onerous methane regulations threaten emissions reduction progress Read More »
Includes flywheel kinetic energy project, an energy storage first for PG&E SAN FRANCISCO, Calif. – Pacific Gas and Electric Company (PG&E) this week expanded its commitment to clean energy by presenting its first 75MW of energy storage contracts to the California Public Utilities Commission for review and approval. California’s Energy Storage Decision requires investor-owned utilities to
PG&E picks 75MW of innovative energy storage tech for renewable energy Read More »
Seneca, IOG will jointly develop up to 80 Marcellus Shale wells located on 10,500 acres in Clermont/Rich Valley area, Pennsylvania. WILLIAMSVILLE, N.Y. – National Fuel Gas Company says it will develop up to 80 Marcellus Shale natural gas wells located on 10,500 acres in Clermont/Rich Valley area, Pennsylvania. Seneca Resources Corporation, National Fuel’s wholly owned exploration and production
National Fuel inks Marcellus Shale drilling JV agreement Read More »
