Despite the North American shale revolution’s transformation of global energy dynamics, the United States is unlikely to disengage completely from the Persian Gulf because other nations still depend on the region and it will still affect the world’s oil prices, according to a draft report presented to the North Atlantic Treaty Organization (NATO).
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Report Says Despite Shale, U.S. Unlikely to Disengage From Persian Gulf
Despite the shale revolution in North America transforming global energy dynamics, the United States is unlikely to disengage completely from the Persian Gulf because other nations still depend on the region and it will still affect the world’s oil prices, according to a draft report presented to the North Atlantic Treaty Organization (NATO).
U.S. Expected to Export More LPG, Thanks to Shales
The dismal days of 2009 are behind the chemical industry, and while the global recession isn’t completely gone, there are brighter times ahead. Much of that is because of the revolution in shale natural gas and oil, speakers at the IHS World Petrochemical Conference said Wednesday in Houston.
North Dakota Officials Continue Focus on Flaring
With just minuscule movement downward in the amount of associated natural gas being flared, North Dakota’s top oil and gas official in his latest monthly report said that the state and industry are stuck at about a 28.5-29% level of flared associated gas.
Activist Fund Nominates Five to Hess Board, Urges Shale Spin-Off
Elliott Associates LP, a hedge fund that owns a 4% stake in Hess Corp., is urging other shareholders to elect its five nominees to the company’s board of directors and has called on Hess to spin off its assets in the Bakken, Eagle Ford and Utica shale plays.
Chesapeake’s Large Curtailments, Spending Cuts Spark Gas Price Rise
In response to low natural gas prices, Chesapeake Energy Corp. on Monday said it would “immediately” curtail 0.5 Bcf/d, or 8% of its current operated gross natural gas output, which is 6.3 Bcf/d. As much as 1 Bcf/d could be curtailed “if conditions warrant.”
New York Mayor Says Spectra Gas Pipe Needed
New York Mayor Michael Bloomberg said he completely supports Spectra Energy’s proposal to expand two natural gas pipelines into the city, just days before the Oct. 31 deadline for FERC to take public comments on the project.
Mayor Bloomberg Voices Support for Spectra Project
New York Mayor Michael Bloomberg said he completely supports Spectra Energy’s proposal to expand two natural gas pipelines into the city, just days before Monday’s deadline for FERC to take public comments on the project.
Mayor Bloomberg: Spectra Project Will Serve More Than NYC
New York Mayor Michael Bloomberg said he completely supports Spectra Energy’s proposal to expand two natural gas pipelines into the city, just days before Monday’s deadline for FERC to take public comments on the project.
Appalachian Output Strong; Some Capacity Constrained
CONSOL Energy Inc.’s Appalachian-based natural gas division produced a record 40.4 Bcf in 3Q2011, or nearly 13% more, than the 35.8 Bcf produced in the year-ago period, the company reported last week. Separately, Magnum Hunter Resources Corp. also is seeing strong results in the Marcellus Shale but said gas sales have been constrained because of “volume limitations” in some midstream infrastructure.