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 […]
National Oilwell Varco reports Q3 net income of $155 million Read More »
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
Auburn Loop pipeline system delivers Marcellus Shale gas starting Nov. 1 Read More »
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
Hummel Station: 1,124 MW coal to natural gas power plant one of largest in US Read More »
Building energy consumption in China rise significantly, government improves building codes, energy use standards From 1998 to 2012, the energy consumption of buildings in China grew by about 7.7% per year, much faster than China’s average annual population increase, which was less than 1% per year. This consumption growth was driven by growing incomes and modernization
China increases energy efficiency in buildings after demand jumps Read More »
Record heat waves, growing electricity consumption and middle class buying air conditioners are putting a strain on India’s electrical power grids Energy demand for space cooling is growing rapidly in India and around the world, driven by rising incomes and a natural preference for comfortable home and office air temperatures. Cooling degree days (CDD) measure temperatures
Propell has new joint venture for well treatment programs underway in both U.S and Canada HOUSTON – Propell Technologies Group, Inc., the US provider of a plasma pulse-based enhanced oil recovery technology, today announced the operational launch of its previously announced joint venture between its wholly owned subsidiary, Novas Energy USA and Technovita Technologies USA, Novas
Propell announces EOR well programs using plasma pulse technology Read More »
International Energy Agency not optimistic, says oil prices will remain weak The UAE’s minister of economy, Sultan al-Mansouri, said Sunday that an oil price of $80 /b would be “ideal” as the global economy tentatively moves towards higher growth. Anticipating a pick up in the global economy in the second half of 2016, Mansouri, speaking
United Arab Emirates minister of economy says $80/b oil ‘ideal’ Read More »
Fracking researchers covered 7,400 square kms over 3 years, taking 64 samples from drinking water wells on residential properties In the largest study of its kind, a Yale University-led investigation found no evidence fracking is responsible for contamination of drinking water well near the Marcellus Shale in NE Pennsylvania. The deep hydraulic fracturing of shale horizons, underground storage tanks, well
Largest study yet on effects of fracking find no evidence of water well contamination Read More »
Gaspar has master’s degree in petroleum/geosciences engineering from University of Texas – WPX Energy TULSA, Okla. – WPX Energy has promoted Clay M. Gaspar to Senior Vice President and Chief Operating Officer, effective Nov. 2. Gaspar joined WPX in October 2014 as Senior Vice President of Operations and Resource Development. Under Gaspar’s leadership, WPX has significantly
WPX Energy promotes Clay Gaspar to Chief Operating Officer Read More »
Piedmont shareholders receive $60 cash for each share of common stock, 40% premium over Oct. 23 closing price Duke Energy, the largest US electrical utility, announced Monday it is acquiring Piedmont Natural Gas for approximately $4.9 billion in cash. The boards of directors of both companies have unanimously approved the deal. “We look forward to welcoming Piedmont’s employees
Duke Energy to acquire Piedmont Natural Gas for $4.9 billion in cash Read More »
