Transforming

Widespread support has been expressed at FERC for Sabine Pass Liquefaction LLC’s application to add a new liquefaction operation to its liquefied natural gas (LNG) terminal in Cameron Parish, LA, transforming it into a “bidirectional facility” for the purpose of exporting LNG. Some parties, such as Chevron U.S.A. Inc., said their support was conditioned on Sabine Pass responding to a series of questions. A trade group representing municipal gas utilities lodged the only protest to the project.

Unconventional natural gas — most notably that found in shale rock — is transforming the gas industry. It will be transformational for major international oil companies, too. But that won’t happen right away, according to an analysis by consultant Wood Mackenzie.

Unconventional natural gas — most notably that found in shale rock — is transforming the gas industry. It will be transformational for major international oil companies, too. But that won’t happen right away, according to an analysis by consultant Wood Mackenzie.

With natural gas prices significantly higher than they were a decade ago, Entergy Louisiana is looking to cut its utility customers a break by transforming one of its gas-fired power plants near New Orleans into a coal-fired unit. While coal-fired plants create more emissions, the cheaper fuel could end up saving the utility’s customers $150 million in fuel costs during the first year of operation, Entergy Louisiana said.

With natural gas prices significantly higher than they were a decade ago, Entergy Louisiana is looking to cut its utility customers a break by transforming one of its gas-fired power plants near New Orleans into a coal-fired unit. While coal-fired plants create more emissions, the cheaper fuel could end up saving the utility’s customers $150 million in fuel costs during the first year of operation, Entergy Louisiana said.

In a transforming deal, Newfield Exploration Co. plans to acquire substantially all of Stone Energy Corp.’s natural gas-heavy assets in the Rocky Mountains for $575 million cash. The assets, with proved reserves of 200 Bcfe and probable and possible reserves of more than 150 Bcfe, expand the independent’s reach in the Uinta and Williston basins and give it entry into the Green River, Powder River, Wind River and Northern Denver-Julesburg basins of Wyoming and the Southern Alberta Basin of Montana.

In a transforming deal, Newfield Exploration Co. plans to acquire substantially all of Stone Energy Corp.’s natural gas-heavy assets in the Rocky Mountains for $575 million cash. The assets, with proved reserves of 200 Bcfe and probable and possible reserves of more than 150 Bcfe, expand Newfield’s reach in the Uinta and Williston basins and give it entry into the Green River, Powder River, Wind River and Northern Denver-Julesburg basins of Wyoming and the Southern Alberta Basin of Montana.

The digital gadgets that make the workday more efficient are transforming the oil and gas industry as well, and could hold the key to increasing the world’s energy reserves in the next five to 10 years, according to a study unveiled Tuesday by Cambridge Energy Research Associates (CERA).

The digital gadgets that make the workday more efficient are transforming the oil and gas industry as well, and could hold the key to increasing the world’s energy reserves in the next five to 10 years, according to a study unveiled Tuesday by Cambridge Energy Research Associates (CERA).