Renaissance

Under terms of agreements recently entered into with Constructora y Perforadora LATINA (Latina), Renaissance Oil Corp. said it would assist Latina in operations under the Pitepec Integrated Exploration and Production Contract (Pitepec CIEP) with Mexican state oil company Petróleos Mexicanos (Pemex).

An investigation was ongoing Thursday following a predawn fire aboard the Ship Shoal 266 A owned by Renaissance Offshore LLC, an oil and gas platform 80 miles offshore Grand Isle, LA.

Renaissance Oil Corp. recently took payment for its first sale of crude oil, condensate and natural gas to Mexican state oil company Petroleos Mexicanos (Pemex) for production from three recently acquired onshore blocks.

Besides powering a manufacturing/petrochemical industry renaissance, North America’s abundant supply of shale gas is fueling a war of words over the merits of energy exports versus domestic usage.

Economic contributions from unconventional development mostly are driven by the 16 states with oil and natural gas production, but a “significant portion” comes from states with no production, according to a state-by-state analysis by IHS Inc.

Natural gas supplies from Nova Scotia are dwindling, but the province of New Brunswick could join the shale gas renaissance sweeping much of North America, provided its shales can be exploited without harming the environment, New Brunswick Energy and Mines Minister Craig Leonard said Wednesday.

Natural gas supplies from Nova Scotia are dwindling, but the province of New Brunswick could join the shale gas renaissance sweeping much of North America, provided its shales can be exploited without harming the environment, New Brunswick Energy and Mines Minister Craig Leonard said Wednesday.

Inergy Midstream LP, UGI Energy Services Inc. and Capitol Energy Ventures Corp., a unit of WGL Holdings Inc., are conducting a non binding open season for shippers to transport natural gas volumes on the proposed Commonwealth Pipeline, which would carry Marcellus and Utica Shale production to market.

While over recent months the Marcellus and Utica shales have attracted most of the attention focused on shale gas supplies, the southeastern United States — where the shale boom hit earlier — is still dealing with the consequences of shifting supplies, according to a report by LCI Energy Insight and Energy Ventures Analysis.