Linde North America has upgraded its carbon dioxide (CO2) plants in Corpus Christi, TX, and Woodward, OK, to better serve the Midcontinent and Eagle Ford Shale regions with expanded CO2 availability. “Linde has brought these plants on stream to supply the surging demand for CO2 in the oil and gas industry,” said Lauren Porambo, CO2 product manager. “The use of CO2 in fracturing completions displaces the use of water, reduces formational damage and enhances well production.” CO2 is injected in a liquid state and converts to a gaseous state down-hole, mitigating formational damage and fluid on formation, while enhancing well clean-up and flow-back, Linde said. Conventional liquid pumps are used, so service companies require no specialized equipment.
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ICE Sees Hedging Tending Toward Options, Products
While participation in its energy futures markets by global energy companies remains strong, IntercontinentalExchange Inc. (ICE) is seeing principals move toward specialized products rather than crude oil and also into options because of increased intraday market volatility, Chairman Jeffrey Sprecher said in a 2Q2008 briefing on the company’s “second strongest quarter ever.” He also announced plans for a share buyback program worth up to $500 million because the board believed the company’s shares are undervalued.
ICE Sees Hedging Tending Toward Options, Products
While participation in its energy futures markets by global energy companies remains strong, IntercontinentalExchange Inc. (ICE) is seeing principals move toward specialized products rather than crude oil and also into options because of increased intraday market volatility, Chairman Jeffrey Sprecher said in a 2Q2008 briefing on the company’s “second strongest quarter ever.” He also announced plans for a share buyback program worth up to $500 million because the board believed the company’s shares are undervalued.
Coralconnect.com Adds Weather Forecasts
Coral Energy’s growing e-business website, coralconnect.com, will useWeathermarkets.com to give its 2,000-plus current users specializedenergy weather information. The newest addition to the site will offerNorth American forecast graphics for heating and cooling degree days,current and forecast surface conditions and winter weather, as well asEuropean degree days, Scandinavian temperature and precipitationinformation and worldwide sea conditions.
Coralconnect.com Adds Weather Forecasts
Coral Energy’s growing e-business website, coralconnect.com,will use Weathermarkets.com to give its 2,000-plus current usersspecialized energy weather information. The newest addition to thesite will offer North American forecast graphics for heating andcooling degree days, current and forecast surface conditions andwinter weather, as well as European degree days, Scandinaviantemperature and precipitation information and worldwide seaconditions.