The energy security risk faced by the United States as quantified by the U.S. Chamber of Commerce fell 6.6% last year from 2011, ending a two-year run of increases, thanks mainly to oil and natural gas production from shale plays, the Chamber’s Institute for 21st Century Energy said Wednesday.
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Ryder Revs Up Marketing Push in Oil/Gas Fields
Ryder Systems Inc., a transportation, logistics and supply chain management company that has made a large commitment to natural gas and other alternative transportation technologies, has an initiative to penetrate U.S. shale plays, CEO Robert Sanchez said during a second quarter earnings conference call.
Energy Independence in Sight, Says Chesapeake’s Dunham
With the “right kind of leadership” and regulatory environment, the United States could be just 10 years from achieving energy independence, Chesapeake Energy Corp.’s nonexecutive Chairman Archie Dunham said Friday.
Phillips 66 Gulf Coast Fractionator to Bypass Mont Belvieu
In its efforts to maximize the opportunities provided by the domestic shale oil and gas boom, Houston-based Phillips 66 said it plans to develop a 100,000 b/d natural gas liquids (NGL) fractionator in Old Ocean, TX, which would provide an alternative for suppliers wary of congestion at facilities located in and around Mont Belvieu, TX.
Mesa Energy Building Mississippian Limestone Position
Dallas-based Mesa Energy Holdings Inc. has leased 1,525 net acres in Garfield and Major counties, OK, and has closed on a farmout agreement with Twenty/Twenty Oil & Gas Inc. covering 1,720 net acres that are held by production.
Shale Gas Innovations Highlight Diversity of Industry
Technology spawned from shale gas got special notice this month in Pennsylvania, with two innovations taking top honors in a competition geared to maximize the economic return from the Marcellus and Utica shales.
Senators to CFTC, SEC: Define ‘Swap,’ Put Regs In Effect
A group of five senators last Tuesday called on the Commodity Futures Trading Commission (CFTC) and the Securities and Exchange Commission (SEC) to define swaps, security-based swaps and other key terms so that limits on market speculation can be put into effect.
Senators Urge CFTC, SEC to Define ‘Swap,’ Put Regs Into Effect
A group of five senators has called on the Commodity Futures Trading Commission (CFTC) and the Securities and Exchange Commission (SEC) to define swaps, security-based swaps and other key terms so that limits on market speculation can be put into effect.
Japan to U.S.: Send Us Your LNG
The government of Japan has asked the United States to OK the export of liquefied natural gas (LNG) so that it might benefit from greater gas supply security, according to a report in The Daily Yomiuri, which cited unnamed sources.
Industry Urges Obama to Oppose Fracking Barriers
It’s all about not standing in the way of cheap energy, economic growth, jobs and energy security, according to more than 100 groups representing U.S. industry, from North Dakota grain growers to Dow Chemical to the Ohio Bowling Association, that petitioned Tuesday to keep the federal government from erecting barriers to hydraulic fracturing (fracking).