News
Study Estimates Economic Benefits To State From Texas Oil And Gas Pipeline Industry
The economic benefits of the Texas oil and gas pipeline industry are resulting in substantial highly compensated employment, investment and economic growth for the state of Texas, according to a joint development study conducted by Texas Tech University and commissioned by the Texas Pipeline Association (TPA).
Editor's Notebook: Making A Comeback
$3.25. Remember that number. These days I avoid watching the evening news. ISIS, Ebola, Ukraine, Putin, Iraq, Gaza, Boko Haram, the Khorasan Group, Ferguson, etc. Some days I wish I could just stay in bed.
EIA: World Liquid Fuels Use Projected To Rise 38% by 2040
World petroleum and other liquid fuels consumption will increase 38% by 2040, spurred by increased demand in the developing Asia and Middle East, according to projections in International Energy Outlook 2014 (IEO2014), released by the U.S. Energy Information Administration (EIA).
Wounded Warriors See Hope, Health Through Holistic Nutrition
Picture today’s “typical” U.S. military serviceman. He’s in his early 20s. If he’s lucky, his mother and Uncle Sam have cooked for him his entire life, relieving him of the need to learn how. When left to his own devices, he gets by on a steady stream of delivery pizza and energy drinks. Not exactly the diet of champions. But he is a warrior and his body is young, strong and resilient. His daily boot-camp-inspired regimen of running, push-ups and pull-ups keeps him lean and fit.
50 Years In The Family: CECO Celebrates A Half-Century Of Success
It was 1964, and Ernest Hotze, a mechanical engineer who put himself through Oklahoma University working in oilfields, was trying to sell Tennessee Gas Pipeline some large compressors. Hotze worked for Clark Brothers, one of four big compressor manufacturers, and the business was very different from its modern incarnation.
Oil Boom In North Dakota: Putting On A Happy Face
As part of a record-setting industry meeting in May at the Williston Basin Petroleum Conference in North Dakota, Republican Gov. Jack Dalrymple offered a keynote speech with one superlative after another about his sparsely populated, but energy- and agriculture-rich state. It seems his state is leading the nation in a number of categories these days, including having the happiest residents.
FERC Commissioner Concerned About Pipeline Adequacy In Face Of Utility Carbon Restrictions
There is at least one raised eyebrow at the Federal Energy Regulatory Commission (FERC) over the EPA's proposed Clean Power Plan, the subject of a proposed rule issued on June 2. The plan would force electric utilities to reduce carbon emissions to advance President Obama's Climate Action Plan, which seeks to lower air emissions of the six greenhouse gases, of which carbon dioxide is the major member. The plan foresees individual states devising separate, and perhaps different, plans for reducing carbon emissions from electric utilities.
Houston: Undisputed Center Of The Oil-Gas Renaissance
That Houston is the hub of the oil and gas industry has been evident for decades. What is less obvious, though, are some of the unusual advantages the 600-square-mile Gulf Coast city has established that will keep its position of dominance secure for years to come.
Why Manufacturers Oppose Unfettered LNG Exports
The Ukraine-Russia crisis has Congress rushing to consider monumental changes to accelerate exports of LNG that will permanently and negatively affect the U.S. natural gas market, due to high OPEC cartel crude oil-linked LNG prices, driving export demand.
Editor's Notebook: North Dakota Making News
I’ve never been to North Dakota; in fact, I don’t think I’ve ever met anyone from that state. Now, one of the great oil discoveries of recent years, the immense Bakken Shale, has put the upper Plains state on the map for all to see.
Oil Prices Rise As World Walks Supply-Demand Tightrope
The world is walking a tightrope of oil supply and demand. Today, supply exceeds demand by a very small amount. This difference is small enough that a major disruption in supply can further tip the balance in the direction of demand.
Pipeline Fever In Mexico
Both Pemex and CFE are promoting new pipeline projects at a fast pace in advance of the most significant energy reform in Mexico in a half-century. The projects are to follow the old rules of government procurement: these state-owned enterprises (SEO) offer the credit rating of the Mexican government to serve as a bankable, long-term service agreement.
Meadowlark Midstream To Build Crude Transportation System In North Dakota
Global Partners LP has entered into an agreement with Meadowlark Midstream Company LLC whereby Meadowlark will build, own and operate new a crude oil transportation system.
Pipeline & Gas Journals 2014 International Construction Report
<em>P&GJ</em>’s 2014 international pipeline survey indicates 65,746 miles of pipeline are in various stages of construction or planned. Of these, 33,801 miles account for projects in the planning and engineering phase, while 31,945 miles are in various stages of construction.
Sharing Challenges In The Eagle Ford Shale
Like most stories about Texas, the one that’s being written in the Eagle Ford shale is full of big dreams, big dollars, and big results. The play itself is huge, covering an area of 20,000 square miles, it spans 25 south-central Texas counties and is roughly the size of Croatia. Capital expenditures there by energy companies are sky-high, reaching $28 billion through the end of 2013, if predictions by global consultants Wood Mackenzie held true.
Shale Boom: Early 21st Century Industrial Growth Engine
“…the United States has become ‘a job magnet’ for manufacturing, which is really the first time in decades this has happened...” --Former U.S. Interior Secretary Ken Salazar
Editor's Notebook: Public Relations
Do you want to know who the real faces of the oil and gas industry are? It’s not the Koch boys, Rex Tillerson, Boone Pickens or Aubrey McClendon. It’s this middle-aged guy named Jim who makes his living driving a cab in Pittsburgh that runs on natural gas. It’s Nick Jentzsch, a 25-year-old service man for Questar Gas in Utah who happened to save a life during what was supposed to be a routine leak check.
Report Points To Closing Oil-Gas Price Gap
A new CME Group report suggested that if natural gas only increases its share of energy use for transportation from the current 3% to the 7-10% range over the next five years, the result would translate into a dramatically faster closing of the energy price gap.
Flexibility, Ingenuity And Patience Bring Gas To Gotham
Spectra Energy’s 20-mile expansion of the Texas Eastern and Algonquin Gas Transmission pipelines from Linden, NJ to Manhattan cost $60 million per mile, but the money is just the beginning.
Workforce Housing For Pipeliners, Planet And Profit
Well-organized workforce housing can be a valuable partner for companies pursuing their sustainable development goals, as well as a component of long-term profitability.
Investment Incentives Must Grow With Capacity Demand
Despite vast U.S. shale gas resources and technological advances making recovery economically feasible, an absence of incentives supporting the usual investment model in which a company builds, owns and operates new pipelines – supported by long-term contracts for capacity – is hampering construction.
Gretchen Gagel At Home With Construction Industry
In case you hadn’t realized it, the construction business is no longer strictly a man’s domain. Thanks to inspired and inspiring executives such as Gretchen Gagel, president of Continuum Advisory Group, that image is undergoing a gradual change and will continue to do so as long as we build houses, factories and yes, pipelines.
Global M&A Markets Appear Poised For Rebound
PLS Inc., a leading Houston-based research, transaction and advisory firm, in conjunction with its international partner Derrick Petroleum Services, reports global upstream oil and gas M&A activity for Q1 2014 of $40.7 billion spread across 192 transactions (including 133 with deal value disclosed).
Deloitte Forecasts Lower North Sea Activity Levels
Drilling and deal activity on the UK Continental Shelf (UKCS) will remain at a steady low for at least the next year, suggests a new report from business advisory firm Deloitte. Poor weather and high costs have affected the amount of exploration and appraisal (E&A) work conducted in the region during the first quarter.
Williams Increases Share of Access Midstream By $6 Billion
Williams announced June 15 that the company will acquire all of its joint venture Access Midstream Partners' general partnership and bring its share in the limited partnership to 50%, a deal valued at $6 billion overall.
Editor's Notebook: An Ode To Johnny Football
A big sigh of disappointment echoed across the land May 8, for it had to come to pass that Johnny Football would no longer launch those beautiful spirals or befuddle opposing defenses with his dazzling footwork. Perhaps it was a sigh of relief, as Texans could now take a deep breath, grateful the circus was finally over, because Johnny Football would merely become Johnny Footnote, a legend, albeit a brief one, in Lone Star folklore.
Economist Schools Public And Industry On Vital Role Of Communication
While the energy industry’s share of the economy is on the upswing, the business is in many ways still a specialty field, with innumerable complex issues at play between companies, regulators and the public when it comes to development, conservation and jobs. Few people understand the interplay well enough to provide context to those not in the midst of it, and those in the middle can lose sight of the big picture. Bernard “Bud” Weinstein, Ph.D., is applying his considerable talents to bridging those gaps.
Operators See Bumpy Road Ahead, Despite $640 Billion Demand For Midstream Infrastructure
Faced with a study projecting that the pipeline industry will need an average of $30 billion per year worth of new infrastructure to satisfy oil, gas and liquids transportation needs between 2014 and 2035, pipeline operators foresee struggle and risk as well as opportunity.
Summit Build Out Brings Natural Gas To Underserved Maine
In February, when Summit Natural Gas of Maine began providing natural gas to Gardiner businesses and residents who until then had relied on propane or heating oil, it was only part of a much bigger story.
Federal Court Ruling On Mercury Revives Gas-Electric Worries
A federal court decision allowing the Environmental Protection Agency (EPA) to move forward with a rule limiting mercury emissions from power plants has heightened concerns in some quarters about interstate pipeline infrastructure inadequacy.
- Texas Waha Hub Gas Prices Plunge to Record Lows, Hit Negative Territory
- Williams Seeks Emergency Certificate to Operate $1 Billion Mid-Atlantic Gas Pipeline After Court Reversal
- Texas Oil Pipelines Near Max Capacity, Threatening Future Export Limits
- Energy Transfer Subsidiary Selects KTJV for Lake Charles LNG Export Project
- FERC Sides with Williams in Texas-Louisiana Pipeline Dispute with Energy Transfer
- Saudi Arabia Looking to Expand Pipeline to Reduce Oil Exports via Gulf
- Report: Houston Region Poised to Become a Global Clean Hydrogen Hub
- Texas Startup Endeavors Again to Build First Major U.S. Oil Refinery Since 1977
- Alaska Greenlights Enstar’s $57 Million Pipeline to Boost LNG Imports
- Texas Waha Hub Gas Prices Plunge to Record Lows, Hit Negative Territory
