Natural Gas

Fire at offshore gas platform prompts evacuation

ANCHORAGE, Alaska (AP) — A fire Thursday at an offshore natural gas platform in Alaska's Cook Inlet destroyed the crew's living quarters and forced four workers to evacuate, but no one was injured and the environmental risk was considered minimal, responders said.

The blaze broke out at about 7:30 a.m. By evening, the unified command set up for the incident said the fire was fully contained. An earlier Coast Guard report that the fire flared up again was incorrect.

Hilcorp Alaska LLC owns the platform and 11 others among the total of 16 platforms in the inlet, a vast body of water with stunning mountain views.

Investors should be ‘realistic’ about LNG prospects, Goldman warns

Source: 
Bloomberg

Goldman Sachs has cut its growth projections for future LNG demand and warns that investors should be wary about the costs of major projects and “realistic about expectations for further contracts,” Bloomberg reports.

November gas drops on Nymex in expectation of storage build

Source: 
Platts

A bearish outlook is taking hold of natural gas prices ahead of an expected announcement of a storage build from the Energy Information Administration combined with a mild October weather forecast, as Wednesday’s settlement for November delivery declined 9.8 cents to $4.023 per million British thermal units on the Nymex, Platts reports.

US has trouble trying to use homegrown guar for fracking

Source: 
The Wall Street Journal

Problems encountered by West Texas Guar Inc., which operated a processing facility to extract a thickening agent from the legume guar, has cost investors and farmers millions of dollars, The Wall Street Journal reports.

Baker Hughes to disclose fracking chemicals

NEW YORK (AP) — The drilling services company Baker Hughes on Wednesday implemented a policy of disclosing all of the chemicals used in its fracking operations.

Environmental groups and local communities have for years been pushing for full disclosure of the chemicals used in hydraulic fracturing, a drilling technique also known as fracking.

In response, the oil and gas industry set up an online database -- at FracFocus.org -- that lists many of the chemicals, but held back crucial information on certain chemicals and the amounts used on the grounds that it would provide competitors with trade secrets.

SAIS forum, "Fracking: Technology, Impacts and Regulation"

Washington, October 2, 2014, 5:00 pm

JHU SAIS forum, "Fracking: Technology, Impacts and Regulation." Breitling Energy CEO Chris Faulkner, NRDC analyst Amy Mall, Resources for the Future adviser Jan Mares to speak. 

Full fracking disclosure from Baker Hughes starting

Source: 
FuelFix

Following six months of negotiations with its suppliers, Baker Hughes says starting Wednesday it will list all of the individual chemicals it uses for fracking on the industry website FracFocus, although it won’t provide information about the proportions used in its cocktails, FuelFix reports.

Coal retirements to boost natural gas demand: S&P

Source: 
Platts

The retirement of coal plants over the next six years – pushed by tougher federal emissions regulations – should cause an increase of up to 5 billion cubic feet a day in demand for natural gas, according to Standard & Poor’s Ratings Direct, Platts reports.

Critics dissatisfied with Exxon fracking report

NEW YORK (AP) — Exxon Mobil issued a report Tuesday that acknowledges the environmental risks of hydraulic fracturing but also defends the practice as being better for the environment than other types of energy production and generation.

Under pressure from the corporate responsibility group As You Sow, as well as New York City Comptroller Scott Stringer and other shareholders, Exxon agreed earlier this year to reveal more about how it manages the risks involved with the drilling technique, known as fracking.

The report acknowledges that drilling wells and producing oil and gas from shale formations and other so-called unconventional sources do carry risks, including the possibility of water contamination and leaks of natural gas into the atmosphere that contribute to climate change.

Exxon fracking report responds to shareholders

NEW YORK (AP) — Exxon Mobil is explaining how it is working to manage the risks of hydraulic fracturing in a report issued in response to pressure from a corporate responsibility group, the New York City Comptroller, and other shareholders.

The report acknowledges that drilling wells and producing oil and gas from shale formations and other so-called unconventional sources do carry risks. The report also goes into detail about the benefits of unconventional oil and gas production and how it compares favorably to many other types of energy production and generation.

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