An abundance of shale natural gas reserves in China could one day cause the country to turn away from pipeline imports and liquefied natural gas (LNG), suggested analysts at Barclays Capital. But China must unlock the secrets of its shales and develop infrastructure to move the gas produced, both of which will delay any shale revolution in the People’s Republic.
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Shale Gas: Plenty of Reasons to Drill Holes in China
An abundance of shale natural gas reserves in China could one day cause the country to turn away from pipeline imports and liquefied natural gas (LNG), suggested analysts at Barclays Capital. But China must unlock the secrets of its shales and develop infrastructure to move the gas produced, both of which will delay any shale revolution in the People’s Republic.
Forecaster’s Winter Update: Warmer Conditions than First Expected
Natural gas price bulls who were hanging their hats on winter cold to turn prices around might want to invest in a hat rack instead as MDA EarthSat Weather reported in a Nov. 1 update that much of the country will be warmer than first expected for the months of December through February. The outlook for March, however, did trend slightly cooler overall.
Forecaster’s Winter Update: Warmer Conditions than First Expected
Natural gas price bulls who were hanging their hats on winter cold to turn prices around might want to invest in a hat rack instead as MDA EarthSat Weather reported in a Nov. 1 update that much of the country will be warmer than first expected for the months of December through February. The outlook for March, however, did trend slightly cooler overall.
Range to Jettison Barnett Stake to Focus on ‘Liquids-Rich’ Marcellus
Marking a U-turn of sorts in the company’s exploration and production strategy due to low natural gas prices and a premium on liquids prices, Range Resources Corp. in its 3Q2010 earnings call put its Barnett Shale properties in Texas on the block and announced that it plans to focus on its “liquids-rich plays” in the Marcellus Shale.
Range to Jettison Barnett Stake to Focus on ‘Liquids-Rich’ Marcellus
Marking a U-turn of sorts in the company’s exploration and production strategy due to low natural gas prices and a premium on liquids prices, Range Resources Corp. in its 3Q2010 earnings call put its Barnett Shale properties in Texas on the block and announced that it plans to focus on its “liquids-rich plays” in the Marcellus Shale.
Jack/St. Malo Deepwater Project Moves Forward
In a positive turn less than two weeks after federal officials lifted the offshore drilling moratorium, Chevron Corp. on Thursday sanctioned the long-awaited Jack/St. Malo project, a promising project that it would operate in the Lower Tertiary trend in the deepwater Gulf of Mexico (GOM).
NTSB Cites Power Glitch in San Bruno Gas Pipe Explosion
A power glitch at the Pacific Gas & Electric Co. (PG&E) natural gas terminal in Milpitas, CA, opened up a pipeline control valve, which in turn caused a surge in pressure before the San Bruno, CA, gas pipeline ruptured last month, the National Transportation Safety Board (NTSB) reported Wednesday.
WSI: Northeast Warmer Than Normal Through November
Temperatures in the Northeast and North Central portions of the United States will average warmer than normal through November, but are likely to turn colder than normal in December as the historically persistent negative phase of the North Atlantic Oscillation and the strength of the North Pacific climate overcome the effects of a La Nina event off the western coast of South America and record warm North Atlantic, WSI forecasters said.
WSI: Northeast to Be Warmer Than Normal Through November
Temperatures in the Northeast and North Central portions of the United States will average warmer than normal through November, but are likely to turn colder than normal in December as the historically persistent negative phase of the North Atlantic Oscillation and the strength of the North Pacific climate overcome the effects of a La Nina event off the western coast of South America and record warm North Atlantic, WSI forecasters said Monday.