Less drilling activity in East Texas and Western Oklahoma has meant less natural gas flowing through the pipelines of Enbridge Energy Partners, and the company says it has laid off workers in the Houston area, although a spokesman told FuelFix the job cuts affected fewer than a hundred people.
Venture Global LNG will spend $4.25 billion on developing an LNG export facility in southwestern Louisiana to come on line in 2019, the company said Wednesday in an announcement praised by Republican Gov. Bobby Jindal, KPLCtv reports.
Malaysia’s Petronas announcing a delay in making a decision about an LNG export facility in British Columbia could be a sign that the impact of falling oil prices may extend to natural gas, E&E reports, noting that some analysts also say that tighter drilling controls could mean fewer wells that yield sizeable quantities of gas alongside oil would be in operation.
The Environmental Defense Fund on Tuesday pushed back against the oil and gas industry for touting apparent lower methane emissions last year from natural gas production, based on new results from a University of Texas field study of well sites.
About 80 percent of methane releases from liquid unloadings and pneumatic controllers at wells were from just 20 percent of those sources, the study found.
The data translated to a 10 percent lower estimate of methane emissions as a share of total gas production last year, lead study investigator David Allen told reporters.
Yet he stressed uncertainties in extrapolating the results to a national scale. Allen said those uncertainties were large enough that there was essentially no change -- and no obvious decline -- from the 2012 estimate of production emissions reported from the first phase of the study last year.
NICOSIA, Cyprus (AP) — Cyprus says it has joined with Israel and Greece to get the European Union to consider a pipeline that would link the continent with newly found natural gas fields in the eastern Mediterranean.
A statement Tuesday said Cypriot Energy Minister Giorgos Lakkotrypis and his Greek counterpart Yiannis Maniatis pitched the idea to European Commission Energy Union chief Maros Sefcovic.
NEW YORK (AP) — North America, once a sponge that sucked in a significant portion of the world's oil, will instead be supplying the world with oil and other liquid hydrocarbons by the end of this decade, according to ExxonMobil's annual long-term energy forecast.
And the "almost unspeakable" amount of natural gas found in recent years in the U.S. and elsewhere in North America will be enough to make the region one of the world's biggest exporters of that fuel by 2025, even as domestic demand for it increases, according to Bill Colton, Exxon's chief strategist.
The rate of methane emissions from natural gas production fell last year by about 10 percent, according to the latest results of field research jointly backed by the oil and gas industry and the Environmental Defense Fund.
The results from two studies, published Tuesday by the University of Texas in the journal Environmental Science & Technology, factored in new information on leaks from pneumatic controller equipment and from well unloading operations. Estimated methane emissions were about 0.38 percent of total gas production, down from 0.42 percent in 2012.
The $4.6 billion in capital budget outlay for Phillips 66 next year -– an increase of $700 million, or 17 percent compared to 2014 -– will mostly pay for midstream projects including pipelines, rail infrastructure and natural gas processing, FuelFix reports.
The U.S. saw a 9.7 percent increase in proved natural gas reserves in 2013 -– to a record 354 trillion cubic feet -– on the back of the shale gas boom, according to annual figures from the Energy Information Administration, Bloomberg reports.
Despite President Vladimir Putin’s announcement that Russia was abandoning the idea of building the South Stream pipeline to bring his country’s gas into Europe, leaders of Bulgaria and the European Union are not giving up on the project, with European Commission President Jean-Claud Juncker declaring differences with Moscow “are not insurmountable,” The Wall Street Journal reports.
Oil prices surged 8.3 percent in Friday trading as rig data suggested a slowdown in shale oil development, with Brent crude rising $3.86 to $52.99 a barrel and U.S. crude climbing $3.71 to settle at $48.24 a barrel, Reuters reports.
A survey conducted by Reuters reports that OPEC output rose by 130,000 barrels per day in January as Angola boosted exports and Persian Gulf producers kept steady or increased output, a signal that some members plan to stay the course on maintaining output despite low oil prices.
Despite the collapse of crude oil prices last year, the latest Commerce Department report of gross domestic output showed outlays for new oil rigs and wells rose 8.9 percent in the fourth quarter of 2014, even as equipment spending across all U.S. businesses fell, Bloomberg reports.
Chevron CEO John Watson, after his company reported lower profits and announced budget cuts, voiced optimism for long-term industry prospects, saying the price of oil will have to rise above $50 per barrel to support new exploration to meet energy needs, FuelFix reports.
A new poll conducted by The New York Times, Stanford University and Resources for the Future suggests that more than two-thirds of Americans, including 48 percent of Republicans, say they consider themselves more likely to support a candidate who supports action to combat climate change.
The National Biodiesel Board in a letter to the Environmental Protection Agency voiced frustration with the agency's delayed implementation of biodiesel mandates, saying the slow movement has caused some producers to reduce staff and forced others into bankruptcy, The Hill reports.
A survey of economists by Bloomberg projects that many of the world's largest crude oil exporters like Saudi Arabia, Kuwait and Qatar could see budget surpluses take hits and slip into deficits as global oil prices remain low.
Chevron, after posting a 30 percent decrease in earnings from the previous year in the fourth quarter 2014, abandoned plans to explore for shale gas in Poland, dealing a blow to efforts to develop hydraulic fracturing and shale drilling industries in Europe, The New York Times reports.
In an interview with E&E, Rep. Cynthia Lummis, R-Wyo., vice chairwoman of the Natural Resources Committee and leader of a new Interior and EPA oversight panel, discusses her familiarity with development and ranching issues in western states and her plans to limit Obama administration regulations on public land use.