9HA gas turbine in validation test stand

The first natural gas-fired turbine for US power generation and one of today’s state-of-the-art designs currently live a couple hundred yards apart on GE’s massive 413-acre Greenville, South Carolina campus. The fact that both machines convert natural gas into electricity is pretty much where the similarities end. The first gas turbine used for electric utility… Keep reading →

Singapore's Shipping Port Records Strong Growth In 2013

When supplies of dry US natural gas swelled several years ago as companies honed their shale resource development skills, gas prices dramatically declined hitting a low of about $2 per million BTU. This caused natural gas producers to shift drilling operations into more liquids-rich areas and adjust their production more toward oil, which fetched higher… Keep reading →

Largest Crude-By-Rail Unloading Terminal In The U.S.

Plans to turn Philadelphia city into an “energy hub” where natural gas from the Marcellus Shale would be pumped, processed, exported and used as fuel by manufacturers, were given a high-profile sales pitch at a one-day conference in the city last Friday. The Greater Philadelphia Chamber of Commerce and Philadelphia Energy Solutions, a local refiner,… Keep reading →

Hamburg Aerial Views

The US Gulf Coast is becoming the country’s preeminent petroleum storage hub as shale oil and natural gas liquids flow south to the massive refining and export center. In a move designed to capitalize on that trend, Enterprise Product Partners yesterday announced the $4.4 billion acquisition of storage company Oiltanking. And according to The American… Keep reading →

British Planes Braced For Combat Missions Over Iraq

The US military and its regional allies conducted additional airstrikes against ISIS-controlled oil infrastructure in Syria and Iraq. “The U.S. said on Sunday that its forces along with Saudi Arabia and the United Arab Emirates targeted four modular refineries and a command facility north of Raqqa—Islamic State’s de facto capital in northeastern Syria. The U.S.… Keep reading →

A large excavator loads a truck with oil

A female Suncor Energy employee was attacked and killed by a black bear at the company’s oil sands production facility in Northern Alberta, Canada yesterday. “An extensive investigation is now underway at a Suncor worksite in northern Alberta after a large male black bear attacked and killed a female employee. At about 2 p.m. at… Keep reading →

Surging Oil Industry Brings Opportunity To Rural California

The idea that global oil production was nearing its peak, only to plateau and then decline was a common view in the energy world for many years. The geophysicist M. King Hubbert predicted in the 1950’s that US oil production would peak in the 1970’s, a forecast that held true until technology allowed companies to… Keep reading →

Temperatures Plunge In Moscow

Russian gas independent Novatek and Gazprom oil-producing arm Gazpromneft have agreed to a $2.94bln deal to buy Italian Eni‘s stake in SeverEnergia, which is expected to produce 36 billion cubic meters of gas and liquids by 2017, equivalent to two-thirds of Novatek’s production, according to Reuters. A joint venture of Eni and Italian Enel has a 49% stake in SeverEnergia, of which Eni controls 60%. Investment… Keep reading →

Migrant Workers Farm Crops In Southern CA

A disrupted planting schedule and unusually wet weather has increased demand for propane used to dry corn, creating shortages exacerbated by transportation bottlnecks. “A lot of guys are being rationed at 300 to 500 gallons a day, and it’s just not enough,” said John Plathe, 49, a corn farmer in west-central Minnesota. “If this were… Keep reading →

Midwest Hammered By Second Major Snowstorm

The EIA’s latest Short-Term Energy and Winter Fuels Outlook finds US households heated with natural gas, propane and electricity face higher heating bills this winter. Homes in the northeast that use heating oil will pay slightly less for the fuel than last year. These price movements are primarily due to changes in underlying commodity prices,… Keep reading →

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