German energy firm E.On has said its annual net losses more than doubled in 2015 to €7bn after it wrote down the value of its loss making power plants by €8.8bn. [BBC News] Chevron Corp.’s Gorgon natural gas project off Australia’s northwest coast boasts the world’s biggest carbon dioxide storage facility and will cost the… Keep reading →
Ed. note: This is a weekly column by Elie Mystal, Managing Editor of Above the Law Redline. This space will focus on the laws that exist, should exist, and should be put out of their misery. UNDER-REGULATED The Mississippi River: The Mississippi river blew up yesterday. Okay, that’s not entirely accurate. A gas pipeline exploded… Keep reading →
Italian firm Eni won rights to develop the Offshore Cape Three Points (OCTP) block in Ghana that is expected to start up in 2017. “This project promises to deliver up to 170 million cubic feet of gas per day for the next 20 years and put Ghana on its way to a future where one… Keep reading →
A good deal of the buzz generated by America’s ongoing energy revolution has centered on the way surging domestic production is changing the crude oil imports picture. No question, it’s a pretty one, with net imports as a share of consumption falling to levels not seen in nearly three decades. That’s great news for job creation,… Keep reading →
On September 12 World Resources Institute had an event to unveil their new report on the fresh water impacts of shale gas development. The WRI report examines the availability of freshwater across shale plays globally. Shale resources of natural gas, natural gas liquids and tight oil are extracted using hydrofracking techniques that require substantial quantities… Keep reading →
The American Petroleum Institute organized a tour of natural gas drilling operations and newly-created educational opportunities in southeastern Pennsylvania Monday. Prolific Marcellus shale development is driving a need for skilled workers in a region struggling with high unemployment rates. “About 6.8 percent of Philadelphians are unemployed, according to the U.S. Bureau of Labor and Statistics… Keep reading →
America is in the midst of two booms: one in sensor technology and another in natural gas. Recent innovations—specifically advancements in drilling and hydraulic fracturing technologies—have dramatically increased the nation’s access to reserves of natural gas. While this influx of new technology has altered the energy industry, the resulting large-scale development has brought with it… Keep reading →
More and more research studies deepen our understanding of methane emissions from various segments along the natural gas supply chain. At the same time, evidence is mounting that the volume of methane emissions leaking from, for example, wellheads or processing plants may collectively account for a greater portion of total methane emissions than previously thought.… Keep reading →
In a story rife with geopolitical implications, reports indicate the consortium developing Israel’s Leviathan gas field – which includes US-based Noble Energy – could be close to signing supply deals with Turkey and Egypt instead of sending to gas to Greece and/or Cyprus as previously planned. In an ironic reversal of fortune, Israeli gas could… Keep reading →
When China released its 2015 targets of 6.5 billion cubic meters of shale gas a few years back (source, in Chinese), it looked like the goal was out of reach. At the time, the country had zero commercial shale gas production and domestic natural gas extraction was mainly in the hands of state-owned companies. But… Keep reading →
