News
FPSO Market Set For Major Increase
Douglas-Westwood’s new World Floating Production Market Report forecasts that between 2014 and 2018 $99 billion will be spent on floating production systems (FPS) – an increase of 138% over the preceding five-year period.
Business Monitor: Good Days Ahead For Malaysias Upstream
Malaysia's upstream segment could see good days ahead in the short-to-medium term as the completion of both greenfield and brownfield developments brings new volumes of oil and gas online, Business Monitor predicted in a new report.
What the Oil Boom Means And Doesnt Mean For Energy Security
When we graduated from the United States Naval Academy in 1968, the American oil industry was in the midst of a boom. Domestic crude production had increased every year for nearly a decade, and Texas was the world’s swing oil producer, providing our nation with important strategic flexibility.
How Louisiana Satisfies Growing Southern Gas Market Demand
For more than a half century the state of Louisiana has been one of North America’s largest natural gas producers and home to a pipeline grid that is the crossroads of the industry.
Confluence Of Events Underscores Problems Getting Propane To Market
That so many Americans found themselves without enough propane to heat their homes adequately this winter can be attributed to several factors. Oddly enough, though, experts agree none of these involve an actual shortage of fuel.
Crestwood Exec Traces Progression From Mergers To Emergence As $9B Player In Midstream, Shale
As master limited partnerships (MLPs) come to dominate the midstream business, the people who helm them must understand not only the intricacies of gas and liquids extraction and transportation, but the financial methods and strategies that drive their firms’ investment and market success. One way to gain that knowledge is from a career path with plenty of unexpected turns.
IEA Economist: Shale Gale Will Result In 20 Years of U.S. Dominance
IEA Chief Economist Fatih Birol synthesized the agency’s 2013 World Energy Outlook and his own analysis to suggest that for the next 20 years, low energy costs caused by the early and plentiful development of shale gas and energy infrastructure will give the United States a large competitive advantage over other nations when it comes to attracting and developing business.
Study Estimates U.S. And Canadian Midstream Investments At $30 Billion Per Year
The U.S. and Canada will require annual average midstream natural gas, crude oil and natural gas liquids midstream infrastructure investment of nearly $30 billion per year, or $641 billion (real US$2012) total over the 22-year period from 2014 to 2035, a new study found.
Preparing For The Next Big Labor Squeeze
Industry experts and company leaders alike have been talking about the looming construction labor shortages for years now. The Great Recession has exacerbated this concern due to the thousands of workers that have left the construction industry.
Natural Gas Price Advantage Creates Opportunities And Benefits For LDCs
A recently released IHS study, Fueling the Future with Natural Gas: Bringing It Home, is intended to serve as a resource for gas LDCs, their customers, regulators, legislators and other policymakers, industry, and the general public to use in adjusting to the new realities of the natural gas market. It describes the unconventional natural gas revolution (also known as the “Shale Gale”) and how it has upended long-held notions of natural gas supply and cost.
Better Ways To Balance, Defend Pipeline Route Selection
Earning a “social license to operate” is an increasingly important part of pipeline planning, route selection, construction and operation these days. Without the agreement or support of people affected by the project – or, who perceive that they are – it may be that approval hearings get extended, political and regulatory support slips, costs go up and timelines stretch.
Editor's Notebook: Arctic Friendship
I’m watching the Crimeans celebrate in the streets after the Russian invasion. Don’t you understand you’ve just lost your freedom? Then again, they may have had guns pointed at them.
Energy Struggles Between Russia, Ukraine Feed Conflict
Just how serious the Ukraine-Russia situation is and whether it will threaten global security and stability is still unknown. However, the contribution of energy politics to the clash is well-established. It was on the minds of world energy leaders who met at the annual IHS-CERA Conference in Houston March 3-7, shortly after pro-Russian forces occupied strategic areas of Crimea.
North American LNG Exports Effect On Global Gas
Natural gas industry commentators, bulls and bears alike, know and agree on one thing for certain – North America will export LNG. This is most likely to occur by 2016 from the Sabine Pass terminal.
Rail Transportation Of Oil: A Growing Congressional Safety Concern
Both House and Senate committee leaders with jurisdiction have begun to show impatience with what they view as out-of-date federal regulations on railroads carrying oil produced in the Bakken, Eagle Ford and Marcellus shale regions.
BP: Global Energy Demand Growth Slowing, Despite Increases Driven By Emerging Economies
Global energy demand continues to grow but that growth is slowing and mainly driven by emerging economies - led by China and India - according to the BP Energy Outlook 2035.
Pipeline Industry Growth Fueled By Increasing Global Energy Demand, Shale Gas Exploration
Increasing oil and natural gas consumption in Asia-Pacific has made a significant contribution to the need for increased pipeline construction investment worldwide. The region is expected to surpass Europe to become a major growth gas market by 2015. Developing economies in the Asia-Pacific region, such as India and China, have been importing substantial quantities of crude oil and natural gas for domestic consumption and industrial use.
CHS To Strengthen Fuels Supply And Distribution
CHS Inc., one of the nation's leading farmer-owned cooperative and a global energy, grains and foods company, is investing an additional $20 million in 2014 to strengthen refined fuels supply for its customer network.
Construction Labor Needs In Booming Oil, Gas Market
The burden on labor capacity in oil and gas construction markets worldwide is becoming increasingly well-known. These strains affect projected project costs, and several large capital projects have already been delayed or canceled (see Shell’s Louisiana GTL plant as an example) as a result of rising costs and questionable long-term profitability projections.
Energy Underpins Russia-Ukraine Standoff
International tension resulting from Russia’s occupation of Crimea, territory universally recognized as belonging to Ukraine, has many facets, but Russia’s dominance of the energy market in Europe and Ukraine informs the dynamic.
North Dakota Gas Flaring is Creating Firestorm of Controversy
Recently filed class-action lawsuits by North Dakota landowners have brought renewed attention to the controversial practice of gas flaring in that state. In their suits, the landowners claim that major producers in the region, including Continental Resources, XTO and Marathon are costing those owners their share of royalties on as much as $100 million per month of value in natural gas that has gone up in flames in order to keep oil production flowing.
Economist Foresees Move Away From Shale Investment
A leading energy economist expects the shale boom to retreat somewhat amid weak returns on capital investments that are already causing investors to turn their attention offshore where “risks are more understood.”
Bitter Cold May Lift Natural Gas Prices, Says Barclays
The cold weather that blanketed much of the country in late November and December and made a "sizeable dent" in natural gas inventories and lifted prices, and if forecasters are correct that below-normal temperatures will persist through mid-January, there's more upside for gas prices ahead, Barclays Capital analysts said in an article published June 7 by Natural Gas Intelligence.
Letter to P&GJ: Wide Open Opportunities
Your article "<a href="http://pipelineandgasjournal.com/help-wanted-osu-campus-develops-pipeline-integrity-degree-industry-partnerships">Help Wanted? OSU Campus Develops Pipeline Integrity Degree, Industry Partnerships</a>" was very interesting and timely. There is a great need for a college degree program focused on pipeline integrity, as you know. When I read the part "Even for an interested and informed newcomer, the path toward a stable career is unclear," it struck a chord with me and hence, this email to you.
Court Rejects BPs Gulf Spill Settlement Appeal
One of BP’s attempts to curb pay outs for what it says are “fictitious” and “absurd” claims related to the 2010 Deepwater Horizon oil spill has failed after an appeal was rejected by a U.S. court, according to Reuters.
Growth In Domestic Crude, Natural Gas Expected To Continue For Many Years
The U.S. Energy Information Administration's Annual Energy Outlook 2014 Reference case shows that recent growth in domestic crude oil and natural gas production is expected to continue for many years.
SEC Energy Expansion: Compression Growing With Energy Sector
As Houston-based SEC Energy Products & Services puts the finishing touches on a flurry of expansion activities that will double both its natural gas compression manufacturing and workforce in 2014, new President Tommy Stone sees the effort in fairly simple terms.
Train accidents stir worries about crude transport
BILLINGS, Mont. (AP) — At least 10 times since 2008, freight trains hauling oil across North America have derailed and spilled significant quantities of crude, with most of the accidents touching off fires or catastrophic explosions.
Energy Turning Ghost Towns To Boom Towns
During my annual hunting pilgrimage back home to northwestern North Dakota last fall, I was struck by the differing opinions about how the recent oil development activity has affected families and communities.
Feds: Oil from Dakota fields improperly classified
WASHINGTON (AP) — Government investigators have found crude oil being transported from North Dakota's Bakken region was misclassified in samples taken from 11 out of 18 truck shipments en route to rail loading stations, federal transportation officials said Tuesday.
- 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
