Using plentiful and inexpensive natural gas alone won’t slow the growth of global greenhouse gas (GHG) emissions over the long-term and may in fact contribute to it, according to an analysis by a team of scientists and researchers who worked with the U.S. Department of Energy’s Pacific Northwest National Laboratory (PNNL).
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All NatGas Cash Points Decline, Bringing Futures Along for the Ride
Every point fell in Wednesday’s trading for Thursday physical gas delivery. New England points took the biggest hits, falling by double-digits, but similar losses were also noted on the West Coast as slipping temperatures joined forces with declining power loads and weak next-day power prices.
Virginia’s Energy Vision Supports Pipelines, Offshore Drilling, Vehicle Conversions
Virginia will pursue offshore oil and natural gas drilling; support the improvement and expansion of intrastate and interstate gas pipelines; and expand its program of purchasing or converting state and local government vehicles to run on natural gas or propane, as part of an energy plan unveiled Tuesday by Gov. Terry McAuliffe.
U.S. Unconventional Oil More Immune to Global Crude Price, Says IEA
Even if crude oil prices were to drop to $80.00/bbl, U.S. unconventional oil from tight fields should remain profitable, according to the International Energy Agency (IEA).
Gulfport’s 3Q Production Exceeds Guidance
Gulfport Energy Corp. surprised some financial analysts on Wednesday when it announced that third quarter production finished 6% ahead of guidance, setting the stage for a strong year-end finish, as volumes continued trending higher through the first two weeks of October.
NuStar, Pemex Affiliate Embark on LPG, Products JV
NuStar Energy LP of San Antonio and Petroleos Mexicanos (Pemex) affiliate PMI plan to develop pipeline infrastructure to carry liquefied petroleum gases (LPG) and refined products from the United States to Mexico. The joint venture (JV) is a response to reforms that have opened Mexico’s energy industry to private investment.
Big Seven Plays to Produce 43.28 Bcf/d in November, EIA Says
Production from the seven most prolific U.S. shale and tight oil regions in November is expected to reach 43.28 Bcf/d of natural gas (up 1.4% from October ) and 5.14 million b/d of crude oil (up 2.4% from this month), according to the Energy Information Administration (EIA).
Atlas Resource Readies Standalone E&P Following Targa-Atlas Energy $7.7B Combo
Atlas Resource Partners LP (ARP) executives plan to put a herculean effort toward demonstrating the value of the exploration and production (E&P) assets as it prepares to spin off from its parent following a merger agreement with Targa Resources Corp.
Firm Power Demand, Prices Lift NatGas Cash Quotes; Futures Follow Falling Oil
Natural gas for delivery Wednesday at most market points rose in Tuesday’s trading with an assist from the power markets, where next-day power loads across major transmission grids were forecast to be higher and next-day power prices responded accordingly.
Pemex Awards Subsea Contract for Lakach Field
The first deepwater subsea project to be developed by Petroleos Mexicanos (Pemex) has been awarded to OneSubsea, a Cameron and Schlumberger Ltd. company, for the natural gas-rich Lakach field offshore Mexico.