Industrial

Raymond James & Associates Inc. on Monday reduced its 2016 Henry Hub price estimate by 90 cents, while Tudor, Pickering Holt & Co. (TPH) cut its price deck by $1.00, citing decreasing industrial demand growth and rising takeaway capacity from the Northeast.

A massive production optimization project is under way by General Electric's (GE) Intelligent Platforms Software that eventually would connect 4,000 of BP plc's wells around the world.

A massive production optimization project is under way by General Electric’s (GE) Intelligent Platforms Software that eventually would connect 4,000 of BP plc’s wells around the world.

Industrial natural gas demand is likely to grow steadily in the next five to 10 years, according to a report released Monday by engineering consulting firm Black & Veatch (BV).

Industrial natural gas demand is likely to grow steadily in the next five to 10 years, according to a report released Monday by engineering consulting firm Black & Veatch (BV).

While the Pacific Northwest has experienced a number of recent proposals for major energy projects that could mean considerable economic benefits and added natural gas demand for the region, stakeholders are adopting a somewhat skeptical wait-and-see attitude, given that no construction on any of the major proposals has gotten under way.

Omaha, NB-based independent energy provider Tenaska said Thursday it is launching a marketing/development company, Tenaska NG Fuels LLC (TNG Fuels), to provide natural gas for the transportation and industrial sectors, both compressed natural (CNG) and liquefied natural gas (LNG).

Gulf South Pipeline Co. LP is targeting growing industrial demand in the Baton Rouge-New Orleans, LA, region with a potential expansion of its system that would tap shale gas supplies from multiple basins. The project joins another targeting a similar market from rival Spectra Energy Transmission.

In a broader global energy picture that is a “smorgasbord of fragmented pieces,” the United States is headed for a return to gas-on-gas competition among shale-dominated natural gas basins, according to Jim Duncan, ConocoPhillips chief analyst and commodity market strategist in Houston.