ExxonMobil Corp. said it is interested in helping Ukraine develop its oil, gas, shale gas and coalbed methane (CBM) reserves, and estimates the country’s onshore and offshore gas resources could produce 45 billion cubic meters (bcm) (1.59 Tcf) by 2020.
Articles from Interested
The Utica Shale may be “the best treasure of American energy,” Chesapeake Energy Corp. CEO Aubrey McClendon said Thursday.
In a program authorized by state regulators late last year, Atlanta Gas Light Co. (AGL) on Monday issued a request for proposals (RFP) for developers interested in building compressed natural gas (CNG) fueling stations for commercial fleets and passenger vehicles in Georgia. The RFP envisions a five-year push that could cost nearly $12 million.
Noting that hydraulic fracturing (fracking) has revolutionized U.S. energy production, Colorado Gov. John Hickenlooper Thursday boasted that his state’s rules for regulating the use of fracking are the “strongest and fairest” in the nation. Hickenlooper made the remarks as part of his state of the state address in Denver.
Enterprise Products Partners LP said Tuesday an open season has shown that enough shippers are interested in taking capacity on its proposed Appalachia to Texas (Atex Express) ethane pipeline to support the 1,230-mile project. The pipeline would deliver ethane from the Marcellus/Utica Shale areas of Pennsylvania, West Virginia and Ohio to the U.S. Gulf Coast.
Two communities in suburban Pittsburgh voted against a proposal for their regional park authority to sign a five-year, non-surface lease with a land brokerage firm this week, effectively killing the deal.
With traders not interested in making waves ahead of fresh inventory news Thursday, natural gas futures action was fairly quiet on Wednesday as the February contract traveled a slim range of just more than a dime before closing the regular session at $4.531, up a nickel from Tuesday’s finish.
Paso Norte Pipeline Group Inc. (PNP) has launched an open season for shippers interested in accessing markets in western Chihuahua, Mexico, on a proposed international gas pipeline from New Mexico to Chihuahua that would serve demand for gas among power generators. Originating from El Paso Corp.’s Southern System near Deming, NM, the pipeline would enter Chihuahua near the Columbus, NM-Palomas, Chihuahua International Port of Entry. The 440-mile high-pressure pipeline is estimated to cost US$600 million, including compressor stations and storage facilities in the United States and Mexico, PNP said. The initial design capacity is 450 MMcf/d with provisions to increase capacity to support future development needs of Mexico’s Comision Federal de Electricidad (CFE), Petroleos Mexicanos (Pemex) and those of western Chihuahua. PNP President Peter Momsen told NGI that the consortium of U.S. and Mexican investors behind PNP should be ready to file paperwork at the Federal Energy Regulatory Commission in June. Once ground is broken, which is expected to be in October, Momsen said the project should take two years to construct. PNP held two earlier open seasons for the proposed project (see NGI, May 5, 2008; Oct. 9, 2006). More information is available at www.pasonortepipeline.com.