ExxonMobil Corp., Chevron Corp., BP plc and super independent ConocoPhillips are expected to lead all other exploration and production (E&P) spenders in the United States this year, with capital expenditures (capex) on average about 5% higher than in 2012, according to a survey by Barclays Capital. Last year’s No. 2 spender, Chesapeake Energy Corp., dropped to No. 5 after cutting its exploration plans.
Articles from Evidenced
Spring has brought out the Colorado frack fanatics on both sides of the growing hydraulic fracturing (fracking) debate as evidenced by the “Showdown of the Century” scheduled Wednesday in Boulder, CO, when pro- and anti-fracking documentaries and their writer/directors meet head-to-head (almost).
The cyber security threat to the energy sector is alive and well as evidenced by a just released Department of Homeland Security (DHS) report, which details a “spear-phishing” campaign last fall targeting 11 energy companies.
Natural gas for use in the fleet transportation sector continues to make inroads, as evidenced by the recent news out of Ford Motor Co. that sales of Ford trucks with engines prepped for compressed natural gas (CNG) or liquefied petroleum gas (LPG) catapulted more than 350% from 2009 to 2012.
Government fleets are continuing to embrace natural gas as an alternative fuel as evidenced by recent actions in Pennsylvania, New York City and Denver, and the trucking industry at a recent national summit meeting did the same.
Low natural gas prices and increased supplies are reviving the chemical manufacturing industry within the United States as evidenced by the news last week that Dow Chemical Co. has authorized final engineering and lead-time equipment spending for a world-scale propylene production facility in Texas to take advantage of increasing supplies of U.S. shale gas as a feedstock.
Low natural gas prices and increased supplies are reviving the chemical manufacturing industry within the United States as evidenced by the news Wednesday that Dow Chemical Co. is authorizing final engineering and lead-time equipment spending for a new, world-scale propylene production facility in Texas, which will take advantage of increasing supplies of U.S. shale gas as a feedstock.
In today’s depressed natural gas and power markets, any hopes of a solar building boom have been dashed as evidenced by the latest moves at Edison International’s utility. Southern California Edison (SCE) has decided to cut its utility investment in rooftop solar systems in half, according to the parent company CEO Ted Craver, speaking on a conference call Monday in which Edison reported increased profits year over year and flat results for the fourth quarter last year.
The influx of natural gas in the Northeast brought on by ramped-up Marcellus Shale development is keeping the New York State Public Service Commission (PSC) busy, as evidenced by two new authorizations for gas transportation projects.