The largest supercomputing complex for commercial research in the world, designed to provide a technological cutting edge in the global hunt for oil and natural gas, is under construction in Houston and will open by the middle of next year, officials with BP plc said Thursday.
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The University of Massachusetts is switching the Central Heating Plant at its Amherst campus from oil to a liquefied natural gas system, a project that could provide $2 million of fuel cost savings annually, according to the university’s five-year capital plan. The $1.2 million project, which is going into operations this month, will allow the plant to end its practice of burning oil when winter conditions cause gas curtailments, according to The Massachusetts Daily Collegian. The plant will rely primarily on natural gas from Tennessee Gas Pipeline’s Northampton Lateral.
CNG In A Box, a project launched earlier this year to provide compressed natural gas (CNG) refueling options for large- and small-scale retailers, was unveiled Monday by GE and a Chesapeake Energy Corp. affiliate, Peake Fuel Solutions.
To reduce the amount of drilling waste that has to be transported to landfills and to provide a renewable solution, Chesapeake Energy Corp. has begun an innovative recycling project with TWMA Ltd. in the Eagle Ford Shale.
A coalition of energy groups and other stakeholders on Thursday called on the Commodity Futures Trading Commission (CFTC) to provide the industry with guidance to calculate the “notional amount” of certain commodity swaps, a prerequisite to determine which entities will be subject to or exempt from the new regulations under the Dodd-Frank Wall Street Reform and Customer Protection Act.
A coalition of mostly energy groups Thursday called on the Commodity Futures Trading Commission (CFTC) to provide the industry with guidance for calculating the “notional amount” of certain commodity swaps, a prerequisite to determining which entities will be subject to or exempt from the new regulations under the Dodd-Frank Wall Street Reform and Customer Protection Act.
Investment funds affiliated with Riverstone Holdings LLC, and Kaiser Midstream, a midstream services company owned by Tulsa, OK, billionaire George B. Kaiser, are partnering with Sage Midstream LLC to form a new company with up to $500 million of equity commitments.
Most of the Dimock Township, PA, residents who filed a lawsuit against Cabot Oil & Gas Corp., alleging the company contaminated their water wells, have agreed to an undisclosed settlement, according to documents filed in federal court on Monday.
FERC last Thursday issued two orders that will allow Questar Pipeline Co. and Chipeta Processing LLC to modify their facilities to provide producers in the Uinta Basin with greater transportation and cryogenic processing capability for liquids-rich natural gas.