Natural gas inventories, or the volume of gas periodically injected, stored and withdrawn in various parts of the US, is a major price determinant. Storage dynamics also vary significantly by region, from production centers with ample salt cavern storage capacity to demand centers like the northeast where cold winters require utilities to maintain enough supply… Keep reading →
Chesapeake Energy – one of the largest US independent natural gas producers – continues restructuring in the wake of founder, chairman and CEO Aubrey McClendon’s departure. The company just let go 4 top executives, including the COO, EVP of production, SVP of drilling and SVP of human and corporate resources. “Termination without cause would provide… Keep reading →
“China’s chance of meeting its 2015 shale gas target is zero.” China is reconsidering its most recent Five-Year Plan’s target for natural gas because of the challenges in developing shale gas resources, according to a China energy sector source. “There are just too many risks and no experience for developers to copy,” explained Junda Lin,… Keep reading →
US energy security is much stronger today than just 5 years ago, but taking full advantage of this opportunity requires strategic decision making on behalf of government and the private sector. North American natural resource development can strengthen the US and Canadian economies and provide bargaining chips when dealing with foreign governments, but not… Keep reading →
Consumer demand for energy is expected to rise 40 percent by 2030. More complex product processes, such as oil sands and deep water drilling, have become more attractive due to higher oil prices. As a result, oil and gas exploration companies are increasing frontier production in remote locations, which demand a reliable and robust network communications infrastructure. At the same time, oil and gas companies are seeing the benefits of implementing next-generation “Oil 2.0” or “Smart Field” applications that go beyond simple connectivity to streamline operations, enable closer monitoring of assets, and deliver new cost benefits. By taking a holistic approach to implementing intelligent wireless broadband technology, oil fields that once seemed too expensive or too remote, can now become economically viable.
Cost of Disjointed Processes Keep reading →
