Natural Gas
$6 Billion Pipeline To Provide Natural Gas To This Emerging Market
There has been a major deal announced this week in one of the world’s most critical developing natural gas regions: Eastern Africa. That area has been the site of a number of major natural gas discoveries recently, particularly in the offshore of Mozambique — with spots like Kenya and Tanzania also..
Natural Gas Prices Could Plunge Below $1 Here
Natural gas prices in the United States dropped to their lowest levels since 1998 on March 1, with Henry Hub spot prices falling to $1.57 per million Btu (MMBtu). Low oil prices are stealing the media show, but the natural gas sector is also facing a historic downturn. Less attention is understanda..
Growth in Domestic Natural Gas Production Leads to Development of LNG Export Terminals
The first export shipment of liquefied natural gas (LNG) produced in the Lower 48 states on February 24 is a milestone reflecting a decade of natural gas production growth that has put the United States in a new position in worldwide energy trade. With the rapid growth of supply from shale gas reso..
Why Oil Booms and Busts Happen
What if I told you that there was a period in history where oil demand declined by 5 MMbpd and non-OPEC supply increased by 5 MMbpd, yet oil price rallied more than 50%? Would you believe me? If your answer is yes, then you guessed right. This was the period from 1979 to 1985; it was a period duri..
Wall Street Won’t Give Up on Its Energy Bets
The oil and gas industry is suffering through its worst cycle in a generation, with most companies losing money at today’s prices. Debt is piling up and the losses are starting to become a concern for lenders. Shareholders are getting burned by plummeting share prices. Yet, major investors are stil..
Study: California Leak Was Top Methane Release in US History
LOS ANGELES (AP) — A natural gas leak that sickened Los Angeles residents and forced thousands from their homes was the largest known release of climate-changing methane in U.S. history, scientists reported Thursday. The 16-week blowout from a well at a Southern California Gas Co. storage facility ..
Milestone LNG Export Shipment Set to Leave US for Brazil
NEW ORLEANS (AP) — The first international shipment of liquefied natural gas in decades from the Lower 48 states is poised to leave for Brazil from Louisiana. Cheniere Energy Partners L.P. announced Wednesday that a ship bound for Brazil was being loaded with LNG at its Sabine Pass facility in sout..
SoCalGas Facility Must Pass Tougher Tests to Operate Again
LOS ANGELES (AP) — The gas storage facility that spewed methane uncontrollably for almost four months, driving thousands of families from their homes, won’t resume operations until it has undergone tougher tests than ever required before, a process that will take months and perhaps even longer. T..
Saudi Oil Minister Says Market Should Handle Low Prices
HOUSTON (AP) — Saudi Arabia’s oil minister says production cuts to boost oil prices won’t work, and that instead the market should be allowed to work even if that forces some operators out of business. Ali Al-Naimi said Tuesday that production cuts by big, low-cost producers like Saudi Arabia wou..
Pacific Northwest Could Become Hub for Methanol Production
SEATTLE (AP) — The Pacific Northwest could become a major hub for methanol production if three proposed refineries are built along the Columbia River and Puget Sound. A China-backed consortium, Northwest Innovation Works, has proposed two plants in Washington and a third in Oregon to convert natu..
American Midstream Holding Open Season for Magnolia Interstate Extension
American Midstream began a non-binding open season for a proposed 45-mile extension of the Magnolia Intrastate pipeline to transport up to 500,000 dekatherms per day of natural gas for delivery to a major interstate pipeline beginning in 2019. The open season ends April 11. The proposed Magnolia Ex..
Lawmakers Mull Moratorium on SoCalGas Storage Facility
SACRAMENTO, Calif. (AP) — California lawmakers are considering legislation that would prevent a utility from resuming full operations at a facility that had a massive natural gas leak for nearly four months. The bill requiring testing of wells at the Southern California Gas Co. facility near Los ..
Biggest Natural Gas Discovery Of 2016 Just Got Bigger
International natural gas is shaping up as one of 2016’s most interesting spots in energy, given that prices in many world markets are still running high, even as valuations for E&Ps subside. And one of those markets is in Southeast Asia — where the year’s most interesting natural gas drilling dis..
Notebook: Now for the Good News
I’m doing research for presentations I’ve been asked to give before some groups in coming months, including Pipeliners Association of Houston and the Tennessee Gas Association. Obviously everyone knows about the chaos that “The Great Unwinding” is causing as the price of crude continues its historic..
Williams Partners Expanding Transco System for LNG Markets
Williams Partners has executed long-term contracts with two shippers for Gulf Connector, a 475,000 dekatherm per day expansion of the Transco pipeline system to connect U.S. natural gas supplies with global LNG markets. Gulf Connector will deliver gas for the Cheniere Energy Corpus Christi liquefac..
Cliff Meidl’s Personal Mission: Your Safety
It is near impossible to find a better representative speaking for the underground construction industry than Cliff Meidl, a kayaker whose heroic triumph over adversity brought him such acclaim that he was nominated to lead Team USA at the Opening Ceremony of the 2000 Sydney Olympic Games. Meidl is..
Natural Gas Use for Power Generation Higher this Winter
So far this winter, natural gas consumption in the electric power sector (gas burn) has been higher than in any previous winter. According to Bentek Energy, gas burn in the electric power sector has averaged 25 Bcf/d so far this winter (Nov. 1-Feb. 8), up 17% from last year’s average of 21.4 Bcf/d d..
Fluor Awarded Sweet Gas Plant Project in Canada
Fluor Corporation has been chosen by the Cutbank Ridge Partnership to provide engineering, procurement and construction management (EPCM) for Saturn 15-27, Phase 2 Sweet Gas Plant Project near Dawson Creek, B.C.. Fluor booked the undisclosed contract value in the fourth quarter of 2015. The project..
FERC Approves Sabal Trail’s $3.2 Billion Gas Pipeline
The Federal Energy Regulatory Commission (FERC) in the US has issued a certificate of public convenience and necessity to Sabal Trail Transmission’s $3.2 billion interstate natural gas pipeline project. Sabal Trail Transmission is a joint venture between Spectra Energy Partners, NextEra Energy and ..
Does Aligning Cybersecurity, Process Safety Approaches Reduce Risk?
Cyber-attacks are more hostile and frequent than ever. We’ve all heard news stories about how intellectual property and private information have been stolen by hackers. When this happens, it can be costly in some cases and embarrassing in others. However, for industrial operations, the stakes are mu..
Energy Loans Likely to Cause Further Losses for Big Banks
NEW YORK (AP) — The nation’s six largest banks have hit an oil slick. They have tens of billions of dollars of exposure to risky energy loans that won’t all be paid back because low oil prices have sapped the profits of oil companies. The value of those loans will have to be written down even fur..
Canada’s Energy Industry, Part I: Changing Times, Shifting Opportunities
To feel the winds of change from the global crash of crude oil prices in 2015, go no farther away than Canada, the world’s fifth-largest energy-producing nation. On the verge of a transformation before the commodity price nosedive, the U.S. northern neighbor is even more unsettled as global and Nor..
Los Angeles DA Charges Utility with Crimes for Gas Leak
LOS ANGELES (AP) — Los Angeles prosecutors filed misdemeanor criminal charges Tuesday against a utility for failing to immediately report a natural gas leak that has been gushing nonstop for nearly 15 weeks. District Attorney Jackie Lacey said the charges aren’t a solution to the problem, but Sou..
Dominion Continues Coal-to-Gas Switch with $4.4 Billion Deal
Dominion Resources Inc., the power utility based in Richmond, VA, is the latest U.S. utility to expand its operations, reaching out west by offering to buy the gas company Questar Corp. of Salt Lake City, for about $4.4 billion in cash. Dominion announced the offer on Monday, the same day it ..
Where There Is Oil, There Will Be Pipelines
“An Industry in Transition: Where There is Oil & Gas There Will Be Pipelines” was presented Monday night by Pipeline & Gas Journal Editor Jeff Share to members of the Pipelines Association Association. Is this a crazy world or what? Would anyone disagree that it takes a strong stomach and nerv..
Storage Site Leak Raises Environmental, Reliability Concerns
Southern California Gas Company (SoCalGas) detected a major leak Oct. 23 at Aliso Canyon, an underground natural gas storage facility located 30 miles northwest of Los Angeles. The Aliso Canyon storage facility, which has 115 wells, is the second-largest natural gas storage field in the western Unit..
CenterPoint Announces Possible Sale of Enable Midstream Partners
Natural gas and electric utility CenterPoint Energy said on Monday it will consider “strategic options” for its pipeline company, Enable Midstream Partners, including a spinoff or sale. “We believe that now is the right time to explore options for unlocking the value of our strategic investment, re..
Dominion Resources Buying Questar for $4.4 Billion
NEW YORK (AP) — Dominion Resources will spend approximately $4.4 billion to acquire Questar in a big reach to the West for the East Coast energy company. Dominion is a power producer in the mid-Atlantic region. Questar is in the Rockies and a principal source of gas supply to Western states. The..
World News: Asian Leaders Laud TAPI Pipeline
Leaders from Afghanistan, Pakistan and India joined the president of Turkmenistan to discuss construction of a natural gas pipeline that could help ease energy deficits in South Asia: The 1,814-km Turkmenistan-Afghanistan-Pakistan-India (TAPI) natural gas pipeline is expected to be operational by 20..
Falling Oil Prices Push Chevron to 1st Loss Since 2002
DALLAS (AP) — Chevron suffered its first money-losing quarter since 2002 in the final three months of last year, as plunging crude prices chopped more than one-third from its revenue. Oil traded this month at levels not seen since 2003, although it has rebounded slightly in the last few days. Che..
- Trump Aims to Revive 1,200-Mile Keystone XL Pipeline Despite Major Challenges
- Valero Considers All Options, Including Sale, for California Refineries Amid Regulatory Pressure
- ConocoPhillips Eyes Sale of $1 Billion Permian Assets Amid Marathon Acquisition
- ONEOK Agrees to Sell Interstate Gas Pipelines to DT Midstream for $1.2 Billion
- Energy Transfer Reaches FID on $2.7 Billion, 2.2 Bcf/d Permian Pipeline
- U.S. LNG Export Growth Faces Uncertainty as Trump’s Tariff Proposal Looms, Analysts Say
- Tullow Oil on Track to Deliver $600 Million Free Cash Flow Over Next 2 Years
- Energy Transfer Reaches FID on $2.7 Billion, 2.2 Bcf/d Permian Pipeline
- GOP Lawmakers Slam New York for Blocking $500 Million Pipeline Project
- Texas Oil Company Challenges $250 Million Insurance Collateral Demand for Pipeline, Offshore Operations
