The Motley Fool has compiled a list of this year’s “Disturbing Energy Blunders”, which includes the train derailment in Quebec that killed dozens, as well as oil leaked form pipelines belonging to the country’s two largest oil and gas companies, ExxonMobil and Chevron. “The hope is that these big blunders will bring about more prudent… Keep reading →
It sounds counterintuitive, but Texas’ energy boom its taxing its energy capacity. “Many municipalities and businesses are bracing for big surcharges this year, after having been hit hard last summer, as energy use by oil drilling and production equipment outpaces the capacity of the region’s power grid.” [Wall Street Journal] India’s oil imports from Iran… Keep reading →
BLM has approved a 234-mile natural gas pipeline to transport natural gas liquid products across New Mexico and to markets in Texas. On July 4, 2013, the Bureau of Land Management (BLM) approved the construction and operation of the Western Expansion Pipeline Project III, a 234-mile natural gas pipeline from northwestern New Mexico to the… Keep reading →
Mexico is heading towards much-needed energy sector reform, and with two of the country’s three major political parties in broad alignment on energy goals, major changes to the sector look more likely than ever, according to attorneys in the energy practice of law firm Mayer Brown. Mexico is major oil producer, and one of the… Keep reading →
The fatal Quebec oil train disaster looks likely to touch off yet another debate affecting the future of the Keystone XL pipeline – whether pipelines or rail are a safer way to transport oil. “People think rail is costless until something like this happens.” [Bloomberg] France’s Total and its Chief Executive Christophe de Margerie were… Keep reading →
Importing Canadian heavy oil via the Keystone XL pipeline may represent a more environmentally friendly option than crude from other sources, according to panelists at the New York Energy Week Oil and Gas Market Perspectives breakfast on Tuesday, hosted by CME Group. Environmentalists frequently cite the environmental footprint of Canada’s “tar sands” as a primary… Keep reading →
A National Research Council report, which was mandatory under a 2011 pipeline safety law, found that Canadian heavy oil is no more likely to spur pipeline leaks than other crude oils are, which could bode well for the future of the Keystone XL pipeline. Of course, there is still the issue of the cold, dead… Keep reading →
Barclays is forecasting a long-term US natural gas price of $4.75 per million Btu, asserting that the $4.50-$5.00/MMBtu range is the golden mean that can both drive demand growth and ensure sufficient supply. “Natural gas prices at $4.50-5.00/MMBtu are high enough to motivate sufficient gas drilling to meet projected demand in the long run: a… Keep reading →
The average US price of a gallon of gasoline has ticked up over the past few days, hitting $3.68/gallon on May 24 in advance of the Memorial Day start of the summer driving season, the Energy Information Administration reports. In the Midwest, the increase has been particularly acute. Midwest – or Petroleum Administration for Defense District (PADD)… Keep reading →
Electricity and gas provider National Grid is mulling construction of liquefaction facilities in New England to help meet supply requirements on peak demand days.
National Grid sources the bulk of its natural gas supplies for its New England-based customers from the two major pipelines serving the area – Tennessee and Algonquin. “Both of those pipelines are at or near capacity,” said Director of Gas Contracting and Compliance John Allocca at the Advanced Energy Conference in New York on Tuesday. Keep reading →
