From the Brandon Sun CALGARY – One of the world’s largest supplies of shale natural gas is sitting beneath an area spanning the British Columbia, Yukon and Northwest Territories boundaries, according to a new National Energy Board study. But with dismal commodity prices and no immediate way to export the gas to global markets, the prospect of a development bonanza
From The Advertiser Just weeks ago, Cheniere Energy, a $20 billion facility in Cameron Parish, made its historic first shipment of liquefied natural gas to South America. On Monday, the company was in Lafayette to discuss the United States’ future role as a major natural gas exporter, which it said will generate billions. “It really provides the U.S. a chance to become
From Albany Times-Union A surprise federal rejection of a $7.5 billion natural gas pipeline and export project in the Pacific Northwest gives pipeline opponents in New York little sense that the federal government is moving from its history of routinely approving such energy projects. Friday’s decision by the Federal Energy Regulatory Commission to reject the Jordan Cove project in Oregon
WASHINGTON, DC – Building upon the committee’s efforts to protect jobs and ensure grid reliability, the House of Representatives voted today to pass H.R. 3797, the Satisfying Energy Needs and Saving the Environment (SENSE) Act, by a vote of 231 to 183. The bill, sponsored by Rep. Keith Rothfus (R-PA), would ensure that environmentally beneficial coal refuse-to-energy facilities, currently threatened by
FERC has rejected plans for a pipeline that would supply Jordan Cove LNG The Federal Energy Regulatory Commission released its decision on the Pacific Connector Pipeline project March 11, saying that it will not approve the pipeline. The $1.74 billion pipeline was planned to carry gas from Rockies 232 miles west to Veresen Inc.’s (ticker: VSN, VeresenInc.com) Jordan Cove LNG
Crude from tight oil now the primary source of oil from the U.S. Hydraulically fractured wells now account for the majority of the crude oil produced in the U.S., according to the EIA. Based on the most recent data available, crude oil produced from hydraulic fracturing now makes up 51% of total oil production in the country. The information compiled
The White House changes course on allowing offshore drilling in the Atlantic The U.S. Department of the Interior will not be offering leases for offshore drilling in the Atlantic in its next five-year plan, Secretary of the Interior Sally Jewell said in a press conference today. The decision is a reversal from the administration’s decision in January to offer leases
From The Wall Street Journal: Linn Energy LLC warned Tuesday that a chapter 11 bankruptcy filing may be “unavoidable” for the oil and gas producer. The company said it has hired financial and legal advisers “to address our liquidity and capital structure, including strategic and refinancing alternatives through a private restructuring,” but added that bankruptcy may be its only option. The warning
Abraxas Petroleum Corp. Cairn Energy PLC Erin Energy Corp. Linn Energy LLC Ring Energy Inc. Rex Energy Corp.
From India LiveMint.com The asset can produce up to 17 mmscmd of natural gas and 75,000 barrels of oil per day by 2020 The new investment may boost ONGC’s natural gas output by a quarter and crude oil production by almost 15% over the next 4-5 years, a major leap for a company often criticized for failing to arrest a
From the Egypt Daily News The General Union for Engineering and Mineral Industries requested the reduction of the price of natural gas for aluminium, metal and fertilisers plants in a conference held Sunday. The head of the union, Khaled El-Fekki, said the request comes following the government’s decision to reduce natural gas prices for steel factories, state-run MENA reported. Last
From Forbes “By the time we get through all of my conditions, I do not think there will be many places in America where fracking will continue to take place,” Hillary Clinton, March 6, 2016 Hillary’s strong anti-fracking statement is, at the very least, politically unsavvy: battleground states Ohio and Pennsylvania are our key incremental natural gas producers, and fracking
