Exploration and production (E&P) spending worldwide now is on pace to accelerate 20% this year because of higher oil and natural gas prices, according to a survey of producers by Lehman Brothers. Lehman’s survey in December had forecast worldwide E&P spending in 2008 would rise only 11% (see NGI, Jan. 7).
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Western Canada Witnessing Upturn in Drilling Activity
After coasting for a year, western Canadian natural gas drilling is shifting back into gear and producers are starting to accelerate activity, field contractors reported.
Western Canada Witnessing Upturn in Drilling Activity
After coasting for a year, western Canadian natural gas drilling is shifting back into gear and producers are starting to accelerate activity, field contractors reported.
California Utilities Commit to Clean Transport
Sempra Energy’s two utilities announced their commitment Tuesday to helping California accelerate the state’s transition to a more carbon-free environment by using more low-carbon fuels for the utilities’ transportation needs in addition to their already high-profile, state-mandated efforts in boosting renewable energy use and stepped-up energy efficiency programs.
Nuclear Power Viewed as Replacement for Gas in Oilsands
Work on replacing natural gas as a fuel for Alberta oilsands production will accelerate under a research agreement between the provincial and United States governments, which is billed as a “milestone” for both sides
Nuclear Power Viewed as Replacement for Gas in Oilsands
Work on replacing natural gas as a fuel for Alberta oilsands production will accelerate under a research agreement between the provincial and United States governments, which is billed as a “milestone” for both sides
UBS: Gas to Eclipse Oil Production by 2030
Oil production may peak around 2030, but the ensuing decline will be offset as high fuel costs accelerate the growth of other energy sources, most notably natural gas, UBS reported in a study released last week.
UBS: Gas Expected to Eclipse Oil Production by 2030
Oil production may peak around 2030, but the ensuing decline will be offset as high fuel costs accelerate the growth of other energy sources, most notably natural gas, UBS reported in a study released on Wednesday.
PG&E to Build New CA Gas Transmission Pipeline to Storage
In the wake of the devastation left by the levee breaks in New Orleans, Pacific Gas and Electric Co. announced Tuesday that it would accelerate work on a 6.2-mile, $30 million natural gas transmission pipeline project in the flood-prone Sacramento Delta area east of San Francisco Bay. The PG&E utility now hopes to have the pipeline link to its major underground storage field completed next fall.
Senate Energy Draft Gives FERC LNG Siting Authority, Allows Sharing of OCS Revenues
The oil and gas title of the Senate omnibus energy bill would spur development of natural gas storage, accelerate interstate pipeline projects, give sole siting authority over liquefied natural gas (LNG) facilities to FERC and promote the sharing of Outer Continental Shelf (OCS ) revenues with coastal states.