After a year of jumping through regulatory hoops, Canada’s biggest and oldest petrochemical complex, Nova Chemicals, is poised to become a U.S. export customer of unconventional gas and liquids.
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Nova Chemicals Sourcing Marcellus Ethane for Sarnia Complex
After a year of jumping through regulatory hoops, Canada’s biggest and oldest petrochemical complex is poised to become a customer for exports of U.S. shale gas and liquids production.
Associated Gas Projected to Reach 12 Bcf/d By 2020
After hitting a low point five years ago, associated gas is projected to grow to more than 12 Bcf/d, or about 15% of the North American natural gas supplies in 2020, according to a report released Tuesday by Canadian-based Ziff Energy.
Ziff: Associated Gas Supplies Rising on Robust Oil Prices
After hitting a low point five years ago, associated gas is projected to grow to more than 12 Bcf/d, or about 15% of the North American natural gas supplies in 2020, according to a report released Tuesday by Canadian-based Ziff Energy.
Crestwood Midstream Takes More Control of Marcellus Operations
Crestwood Midstream Partners LP on Tuesday said it is building its foothold in the Marcellus Shale after wresting control of a natural gas partnership created last year.
People
After serving 11 years as one of three regulators on the Washington Utilities and Transportation Commission (UTC), Patrick Oshie stepped down last Friday. A successor will be appointed by Washington’s Gov.-elect, Jay Inslee. Oshie was a partner in a Yakima, WA law firm when then-Gov. Gary Locke appointed him to the UTC in 2001; he was subsequently appointed to a second six-year term by Gov. Chris Gregoire in 2006. Oshie previously had served as an assistant city attorney in Seattle and an assistant attorney general in Utah, where he also was a law professor.
Forest Sells Noncore Gas-Weighted Texas Assets
Forest Oil Corp. has agreed to sell all of its South Texas properties — excluding those in the Eagle Ford Shale — for proceeds of $325 million after tax as part of its ongoing deleveraging plan, the company said Thursday.
Decades-Long Alaska Gasline Effort Memorialized in E-Library
Presidents don’t get their own libraries until after they leave office; however, Alaska’s multiple proposed projects for North Slope natural gas pipelines now have a digital library, even though not one of them has been built yet.
Industry Brief
McMoRan Exploration Co. remains stymied in efforts to unlock production from the Davy Jones No. 1 well in the Gulf of Mexico’s shallow waters after operations designed to unblock perforations using a propellant stimulation gun had “limited success.” The New Orleans-based producer now plans to reperforate the well on South Marsh Island Block 230 with electric wireline using tubing guns. Davy Jones, which McMoRan operates, is part of an ultra-deep natural gas structure encompassing 20,000 acres on four blocks of the Outer Continental Shelf. In late November McMoRan said it still was struggling to bring the prospective No. 1 well online, which was supposed to be flowing 50 MMcf/d last summer (see Daily GPI, Nov. 28). McMoRan holds a 63.4% working interest with Energy XXI (15.8%); JX Nippon Oil Exploration (Gulf) Ltd. (12%); and Moncrief Offshore LLC (8.8%). In early December Freeport-McMoRan Copper & Gold Inc., whose top executives also run McMoRan, agreed to to buy the company, as well as Plains Exploration & Production Co., for $9 billion (see Daily GPI, Dec. 6).
Winter Storm, Chill Boost Cash, Futures Markets Following Holiday
After ignoring forecasts of the coming winter storm back on Monday, traders of physical natural gas were forced to face the music on Wednesday as the same system that brought a white Christmas to portions of Texas was still depositing a wintry mix of sleet and snow from Oklahoma through the Mid-Atlantic and Northeast.