Natural Gas

Layoffs announced by Enbridge

Source: 
FuelFix

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.

Louisiana gets $4 billion LNG export investment

Source: 
KPLCtv

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.

Oil price drop could affect nat gas projects, production

Source: 
E&E

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.

EDF rejects oil industry claims of lower methane releases

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.

Cyprus, Israel, Greece push EU gas pipeline link

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.

Oil

Exxon sees abundant oil, gas far into future

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.

WBM Management Inc.

Methane leaks from nat gas production dipped last year, UT finds

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.

Phillips 66 to focus on midstream as it spends more in 2015

Source: 
FuelFix

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.

U.S. had record proved natgas reserves in 2013: EIA

Source: 
Bloomberg

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.

South Stream not dead yet: Juncker

Source: 
The Wall Street Journal

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.

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