Halliburton Co. CEO Dave Lesar made clear Wednesday that the slowdown in the U.S. and Canadian drilling market is only “transitory,” and the company will sit it out before cutting prices to capture new business.
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Celanese Corp. plans to construct a methanol production facility at its Clear Lake, TX, acetyl complex to take advantage of abundant natural gas supplies in the region, the company said. “The positive developments in the U.S. energy complex and the current and emerging natural gas surplus make it advantageous for us to produce our own methanol requirements for U.S. acetyl production,” said CEO Mark Rohr. “Utilizing existing Celanese infrastructure helps reduce capital requirements while capturing advantages of state-of-the-art technologies.” Following necessary approvals, Celanese intends to construct a 1.3 million metric ton per year facility with anticipated start-up after July 1, 2015. A significant portion of the methanol produced would be used to support the company’s current operations, Celanese said, adding that it expects to partner with one or more others interested in the remaining methanol.
Appeals Court Rejects Attempt to Block MARC I Hub Project
A federal appeals court on Tuesday denied a petition by environmental groups seeking to halt construction of a natural gas pipeline that would traverse three counties in the heart of Marcellus Shale country in northern Pennsylvania.
California Regulators Split on Adding Gas Storage
Following a long discussion by California regulators on Thursday it became clear that there’s no agreement about whether the state needs additional underground natural gas storage or whether it is too risky to site storage in a depleted gas field in a populated area, given the lessons emerging from the San Bruno, CA, pipeline explosion two years ago.
California Regulators Split on Additional Gas Storage
After a long discussion but no final vote by California regulators Thursday it was clear that there is a split over whether the state needs additional underground natural gas storage, and whether it is too risky to site storage in a depleted gas field in a populated area, given the lessons emerging from the San Bruno pipeline explosion nearly two years ago.
First Utica Production Called ‘Significant’
The first glimpse of Utica Shale productivity in Ohio makes two things clear: Chesapeake Energy Corp. is leading the way and it is producing a fair amount of natural gas.
One Year In, First Utica Production Figures Called ‘Significant’
The first glimpse of Utica Shale productivity makes two things clear: Chesapeake Energy Corp. is leading the way and it is producing a fair amount of natural gas.
Supreme Court Sides with Property Owners in EPA Challenge
U.S. Supreme Court Justice Antonin Scalia, writing for a unanimous court in a decision that holds implications for natural gas and oil leaseholds, made clear last week that access to the courts is the proper response to the “strong-arming of regulated parties” by government agencies.
Supreme Court Sides with Property Owners in EPA Challenge
U.S. Supreme Court Justice Antonin Scalia, writing for a unanimous court on Wednesday in a decision that holds implications for natural gas and oil leaseholds, made clear that access to the courts is the proper response to the “strong-arming of regulated parties” by government agencies.
Mississippi Seismic, Leasing Rules Should Take Effect in March
The Mississippi Development Authority’s (MDA) rules governing offshore seismic survey permitting and natural gas leasing have been posted and are expected to go into effect in mid-March, bringing the return of offshore gas drilling in Mississippi one step closer to reality.