Valero Energy Corp. is planning to make its first big splash in the petrochemicals market by constructing a $700 million methanol plant on the same site in St. Charles Parish, LA, where its transportation fuel refinery is located.
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Petronas, Indian Oil Said to Be in Montney Shale Talks
Malaysia national oil and gas company Petronas (Petroliam Nasional Berhad) is in negotiations to sell a 10% stake in Canadian shale properties it acquired last year to the state-owned Indian Oil Corp. Ltd. (IOC).
Fuel-Switching Drove CO2 Emissions to Nearly 20-Year Low
Energy-related carbon dioxide (CO2) emissions last year were the lowest in the United States since 1994 at 5.3 billion metric tons due to the increasing reliance on lower-priced natural gas to fuel power generation, according to the Energy Information Administration (EIA). With the exception of 2010, carbon emissions have declined every year since 2007.
Shell Investing Big in China’s Unconventional Gas
Royal Dutch Shell plc plans to invest a minimum of $1 billion a year in unconventional natural gas exploration in China, the producer’s top China executive said this week.
North Dakota Delays Flaring-Fertilizer Project Decision
The North Dakota Industrial Commission on Monday delayed for further study a decision on a $1.1 million state grant for a pilot project to turn flared natural gas in the Bakken Shale into fertilizer for the state’s farming industry. The three-member commission of elected officials, including the governor, wants more study of the project’s feasibility.
API, IPAA Rip Source Performance Standards for Fractured Wells
Two Washington, DC-based groups representing oil and gas producers have protested the U.S. Environmental Protection Agency’s (EPA) final new source performance standards, which are aimed at restricting volatile organic compounds (VOCs) and sulfur dioxide emissions from onshore natural gas operations, including hydraulically fractured (fracked) wells. One of the groups is seeking a stay of the EPA’s action.
Authorization Sought for Alaska LNG Export
The Alaska Gasline Port Authority (AGPA) is seeking authorization to export up to 2.5 Bcf/d (19 million metric tons per year) of liquefied natural gas (LNG) over a 25-year term to countries along the Asian-Pacific Rim with which the United States has or establishes a free trade agreement (FTA).
Authorization Sought for Alaska LNG Export
The Alaska Gasline Port Authority (AGPA) is seeking authorization to export up to 2.5 Bcf/d (19 million metric tons per year) of liquefied natural gas (LNG) over a 25-year term to countries along the Asian-Pacific Rim with which the United States has or establishes a free trade agreement (FTA).
Environmental Group Slams FERC on LNG Exports Review
Looking for a back door into the dispute over exports of liquefied natural gas (LNG), the Sierra Club has attacked FERC’s environmental review of the proposed Sabine Pass Liquefaction LLC facilities, saying it failed to consider the impact on shale development and domestic gas prices.
Gas Prices Holding Down Consol’s Marcellus Build-Up
Consol Energy Inc. has reduced a planned build-up of its horizontal rig fleet in the Marcellus Shale due to low natural gas prices, the Appalachian Basin player said Thursday.