Any U.S. oil and gas wildcatter looking for a way to get on the Forbes annual Billionaires list might take a hint from some of the interests among those who made this year’s list, published Monday. They like oil and they like natural gas, and many of them especially like shale.
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Oilfield services provider Flowserve Corp. will relocate some of its pump division operations from New Jersey to Pennsylvania, a 15-mile move that brings more than 100 jobs to a state much more supportive of the company’s bread and butter: oil and gas drilling.
At least one person was killed and dozens were injured, some seriously, in an an explosion and fire at the Williams Geismar Olefins plant in Ascension Parish north of New Orleans early Thursday morning.
There is money to be made in exporting liquefied U.S. natural gas, but not as much as many might think, or as consistently as some might hope, according to an analysis by Raymond James & Associates.
Sempra Energy’s Southern California Gas Co. (SoCalGas) utility is still treading water on a four-year attempt to upgrade some underground storage in the region. The utility is still trying to finalize environmental reviews that wary local residents are using to question the projects.
Favorable price spreads for U.S. produced liquefied natural gas (LNG) will continue for some time creating an opportunity for LNG to grow in importance in the long-haul trucking sector and other stationary operations, such as oil/gas drilling operations, according to Pace Global, a Fairfax, VA-based energy management consulting business that is part of Siemens.
Expanded use of combined heat and power (CHP) for making electricity could, under one scenario, boost natural gas demand in the United States by as much as 4.42 Tcf/year, according to a report commissioned by the American Gas Association (AGA).
Encana Corp.’s Deep Panuke natural gas field offshore Nova Scotia, which has been in development in some form for more than 10 years, is scheduled to begin production before the end of June, according to the Dutch company that was hired to build and operate the production facility.