Increasing annual provincial royalties by C$2 billion annually, as an Alberta government-appointed panel recently recommended, could reduce the commercial value of current and planned oilsands projects by US$26 billion at a long-term Brent price of US$50/bbl, according to energy consultant Wood Mackenzie.
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WPA Official Says CBM Water Pipeline Has Support
A pipeline proposed by the Wyoming Pipeline Authority (WPA) to carry off some of the billions of gallons of water produced annually from coalbed methane (CBM) operations in the Powder River Basin is close to becoming more than a pipe dream. If successful, it could defuse some complaints about the excess water byproduct of CBM development.
WPA Official Says CBM Water Pipeline Has Support
A pipeline proposed by the Wyoming Pipeline Authority (WPA) to carry off some of the billions of gallons of water produced annually from coalbed methane (CBM) operations in the Powder River Basin is close to becoming more than a pipe dream. If successful, it could defuse some complaints about the excess water byproduct of CBM development.
Barnett Shale Accounts for 5% of Fort Worth Area Economy
Exploration and production (E&P) activity in the Barnett Shale is contributing more than $5 billion annually to North Texas coffers and has created about 55,000 permanent jobs in the area, according to a study of energy companies drilling and producing in the 14 counties of the hydrocarbon-rich region.
CPUC Approves Billion-Dollar Budgets for Utility Low Income
Among its year-end actions last Thursday, the California Public Utilities Commission (CPUC) approved more than a billion dollars annually for the next two years, for low-income utility bill discounts and energy efficiency programs by the state’s four major private-sector energy utilities. Qualifying customers can receive 20% monthly bill discounts and free energy efficiency services and products. More than 3.5 million customers are expected to receive these services.
Slow Growth for California Gas Demand, Report Says
Demand for gas by California power generators will grow 1.8% annually over the next 20 years while overall state gas demand growth will only be 0.5% per year. Residential and commercial sectors will see low growth and there will be no demand growth among industrials, according to the latest California Gas Report.
ExxonMobil Exec: LNG to Bridge the Supply, Demand Gap in Years Ahead
Given an anticipated growth rate of 1.4% annually, the U.S.-Canadian natural gas market could experience a natural gas supply shortfall of about 6 Bcf/d in 2010 and up to 19 Bcf/d by 2020 absent significant contributions by imported liquefied natural gas (LNG), an official with ExxonMobil Gas & Power Marketing said Friday at NGI’s 19th annual GasMart conference in New Orleans.
ExxonMobil Exec: LNG to Bridge the Supply, Demand Gap in Years Ahead
Given an anticipated growth rate of 1.4% annually, the U.S.-Canadian natural gas market could experience a natural gas supply shortfall of about 6 Bcf/d in 2010 and up to 19 Bcf/d by 2020 absent significant contributions by imported liquefied natural gas (LNG), said an official with ExxonMobil Gas & Power Marketing Friday.
Fueling Infrastructure Growing for CNG Transportation in California
With one to two dozen new stations popping up annually in California, the opening of another compressed natural gas (CNG) fueling station for vehicles in Bakersfield, CA, earlier this month was not viewed as anything extraordinary by the industry, even in a period of record high wholesale natural gas prices.
Fueling Infrastructure Growing for CNG Transportation in California
With one to two dozen new stations popping up annually in California, the opening of another compressed natural gas (CNG) fueling station for vehicles in Bakersfield, CA, earlier this month was not viewed as anything extraordinary by the industry, even in a period of record high wholesale natural gas prices.