Thinking about the year in energy in 2018, a couple of recent news items focus attention on the sea change for our country launched by the U.S. natural gas and oil revolution: Net Oil and Refined Product Exporter The U.S. became a net oil and petroleum products exporter for the first time in 75 years… Keep reading →
Report highlights the benefits of an ethane storage hub located in the Appalachian Region WASHINGTON, D.C. – The U.S. Department of Energy (DOE) published a Report to Congress: Ethane Storage and Distribution Hub in the United States. The report highlights the potential in Appalachia for the development of a new ethane hub based on the tremendous low-cost resource from… Keep reading →
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 →
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 →
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 →
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 →
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 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 →
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 →
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 →
