The shale gas industry contributed $76.8 billion to U.S. gross domestic product (GDP) and supported more than 600,000 jobs in 2010, but that’s just the tip of the iceberg, according to a report issued Wednesday by the World Economic Forum (WEF) at IHS CERAWeek 2012 in Houston.
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Los Angeles Muni Using Gas in Move to Renewables
In attempting to chart an uneasy future away from coal-fired generation and toward more renewable resources, the nation’s largest municipal utility, the Los Angeles Department of Water and Power (LADWP), remains highly dependent on natural gas to fuel its power plants, LADWP officials told a citizens meeting last Thursday.
LADWP Sees Gas Key to Eliminating Coal
In attempting to chart an uneasy future away from coal-fired generation and toward more renewable resources, the nation’s largest municipal utility, the Los Angeles Department of Water and Power (LADWP), remains highly dependent on natural gas to fuel its power plants, LADWP officials told a citizens meeting last Thursday.
Alberta Government’s Budget Floating on Shale
A rush for liquids-rich natural gas and tight oil embedded in dense rock formations, using shale drilling methods imported from the United States, is bailing the Alberta government out of sinking deeply into the red.
Fracking Prohibition Would Turn LNG Tankers This Way, Speaker Says
Back in 2007 the United States was in store to get about 130 metric tons of liquefied natural gas (LNG) imports. However, North American shale gas plays have changed all that. But if hydraulic fracturing (fracking) well stimulation is outlawed or severely curtailed, it could be back to the future where LNG imports are concerned.
GasMart 2011: Engelder: Fracturing Won’t Contaminate Groundwater
The possibility of hydraulic fracturing (hydrofracking) contaminating groundwater by leaking to the surface through natural fractures remains “very, very unlikely,” according to the forefather of Marcellus Shale geology.
Texas PetroIndex Continues Sliding
For a good while any chart of oil and gas exploration and production (E&P) activity in Texas looked pretty decent, with steadily increasing drilling, production and prices yielding mounting positive data. But it turned out that on the other side of the data mountain was a cliff from which the industry continues to plunge.
Texas PetroIndex Continues to Slide
For a good while any chart of oil and gas exploration and production (E&P) activity in Texas looked pretty decent, with steadily increasing drilling, production and prices yielding mounting positive data. But it turned out that on the other side of the data mountain was a cliff from which the industry continues to plunge.
Commodity Prices Lift Spectra Profits; Shale Plays Driving Growth
Spectra Energy got a boost from higher commodity prices in the second quarter, which helped the company chart a nearly 51% increase in net income. CEO Fred Fowler is looking toward existing and emerging gas shale plays to grow Spectra’s gathering and processing as well as its pipeline businesses, he said last week.
Commodity Prices Lift Spectra Profits; Shale Plays Driving Growth
Spectra Energy got a boost from higher commodity prices in the second quarter, which helped the company chart a nearly 51% increase in net income. CEO Fred Fowler is looking toward existing and emerging gas shale plays to grow Spectra’s gathering and processing as well as its pipeline businesses, he said Wednesday.