Renewables may be the darling in some political and conservation sectors, but it’s the oil and natural gas industry’s investment in technology that will ensure it remains the dominant player in the global energy markets for decades to come, according to a new report published by the Manhattan Institute.
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‘Staggering Sums’ Spent on Oil, Natural Gas Innovation
Renewables may be the darling in some political and conservation sectors, but it’s the oil and natural gas industry’s investment in technology that will ensure it remains the dominant player in the global energy markets for decades to come, according to a new report published by the Manhattan Institute.
CNG Speeds Activity in Transportation
Compressed natural gas (CNG) continues to gain attention in the transportation fleet, fuel and vehicle sectors, as well as more integration in the states.
CNG Continues to Rev Up Activity in Transportation
Compressed natural gas (CNG) continued to gain more attention in the transportation fleet, fuel and vehicle sectors, gaining more acceptance as shown in reports in California and Maryland so far this month.
Colorado Agency Postpones Setback Rule Decision
The Colorado Oil and Gas Conservation Commission (COGCC) reconvened Thursday in Denver, but was unable to resolve lingering issues and delayed until Feb. 11 finalizing new setback requirements for oil and natural gas wells.
Report: Energy Security a More Realistic Goal than Independence
The United States is already significantly “energy independent” in most sectors, with transportation fuels being the notable exception, according to a Deloitte study. Here, alternative fuels, including natural gas, can bolster U.S. energy security, which is a more attainable goal than independence, the firm said.
New York Fracking Decision on Hold Pending Health Impact Analysis
New York Department of Environmental Conservation (DEC) Commissioner Joseph Martens has rejected a call to conduct an independent review of the public health impacts of high-volume hydraulic fracturing (fracking) and instead asked the New York State Health commissioner to assess DEC’s health impact analysis to determine whether to permit fracking in the state.
Devon Takes Sumitomo as Partner in Permian Basin Shales
Japan’s Sumitomo Corp. agreed Wednesday to pay Devon Corp. $1.4 billion for a 30% stake in 650,000 net acres in the Permian Basin’s Cline and Midland-Wolfcamp shales.
Riverstone, Meritage Pursue More North American Midstream Ventures
Meritage Midstream Services LLC and private equity power broker Riverstone Holdings LLC on Wednesday said they were teaming up once again, with Riverstone providing $500 million to pursue new natural gas liquids (NGL) midstream opportunities in some of North America’s emerging resource plays.
California Natural Gas Outlook Essentially Flat
The power generation and transportation fuel sectors may see substantial gains in natural gas use, but California’s overall natural gas demand is expected to stay essentially flat in the next two decades, according to two recent companion gas reports released by the California Energy Commission (CEC).