Shale

OPAL Pipeline To Connect To Baltic Sea

By 2017, natural gas pipelines are projected to convert up to 32% of their pipeline capacity into the Northeast to support the bi-directional flow of natural gas out of the region to the South and West, according to a U.S. Energy Information Administration (“EIA”) December 2, 2014 report. It is well known that the increased production of natural gas in the shale plays of the Northeast have had a marked impact on the energy industry in the U.S. This EIA data shows us in hard numbers how drastic of an impact the shale boom has had on pipelines that historically transported natural gas into the Northeast: six pipelines transported 60% of natural gas into the Northeast in 2013, and 2013 volumes of gas transported into the Northeast on these six pipelines were 21%-84% lower than the volumes of gas they transported into the region just five years earlier. Several of these pipelines initiated the transition to handle bi-directional flows in 2013 and earlier this year.

A trader shows with a pen, a graph illus

Falling oil prices are bringing down prices of high-risk bonds many companies used to finance their capital intensive unconventional drilling programs. “Most of that decline has occurred in the last 30 days. It’s already making it harder for oil companies to reach out to the financial markets to fund more of their drilling operations, as… Keep reading →

Ethanol Industry Threatened By Midwest Drought

Will Alderman Revive This Ethanol Ruse? Chicago Tribune Editorial: Last summer the Chicago City Council briefly considered an ordinance that would require gas stations in the city to sell a blend of fuel called E15, which has the potential to damage your car engine. An E15 mandate is a patently bad idea. Changing pumps to… Keep reading →

Oil Boom Shifts The Landscape Of Rural North Dakota

Is It Time for the U.S. to Lift Its Restrictions on Oil Exports?  Wall Street Journal (Jason Bordoff): It’s a whole new oil world for the U.S. After decades of declining domestic oil production, the country is in the middle of an unexpected boom. Driven by new technology that reaches previously inaccessible reserves, production has soared… Keep reading →

Fracking In California Under Spotlight As Some Local Municipalities Issue Bans

Benefits of the U.S. Oil and Natural Gas Boom are Permanent, Says Citi. Forbes: The return of the U.S. as an energy superpower will not be a short-term event with the economic benefits likely to last “at least two generations”, according to the latest research from Citi. That is one of the key findings in a… Keep reading →

Sydney Goes Dark For Earth Hour

Recently, Australian state and federal officials, industry leaders, and international experts convened in Sydney at the third annual Eastern Australian Energy Markets Outlook conference to assess the prospects for the energy supply chain in Australia vis-à-vis their international competitors, including the United States. As long-time military allies and economic partners that share a strong diplomatic… Keep reading →

Yukos Oil and Gas Company

Planned TransCanada Pipeline Would Allow Gulf Access, CEO Says The Wall Street Journal: A planned Trans- Canada Corp. oil pipeline designed to ship crude from Western Canada to Eastern Canadian refineries could also be used to access the Gulf Coast, creating an end-run around U.S. permitting delays for the Keystone XL pipeline, according to the company’s… Keep reading →

As Drilling At Relief Well Continues, Gulf Coast Toils Over Spill Recovery

U.S. Energy Exports to Top Imports by 2025, WoodMac Says Bloomberg: U.S. companies will export more energy than they import by 2025 as shale oil and gas production keeps climbing and the transportation sector becomes more efficient, Wood Mackenzie Ltd. said in a note today. Horizontal drilling and hydraulic fracturing in hydrocarbon-rich layers of shale rock… Keep reading →

With AFP Story by Veronique DUPONT: US-E

Marcellus Gas Production Anticipated to Increase, Lead the Nation in November: The State Journal (West Virginia): The U.S. Energy Information Administration’s Drilling Productivity Report, released Oct. 14, revealed that the Marcellus Shale play is anticipated to produce more gas than other reported regions in November. The Marcellus region is expected to produce 16,045 million cubic feet of… Keep reading →

Domestic Oil And Gas Production

In the U.S., a Turning Point in the Flow of Oil New York Times: HOUSTON — The Singapore-flagged tanker BW Zambesi set sail with little fanfare from the port of Galveston, Tex., on July 30, loaded with crude oil destined for South Korea. But though it left inauspiciously, the ship’s launch was another critical turning point… Keep reading →

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