Global efforts for the first time are underway to influence a shift toward low-carbon energy sources and to renewables, but the transition would create new challenges unlike any other in history, according to a report by IHS Inc. and the World Economic Forum (WEF).
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AccuWeather: Cold Wave to Hit U.S. in Mid-January
So far, it looks like another mild winter is underway, but that is likely to change in a couple of weeks. A sudden warming of the stratosphere — six to 30 miles above the ground — in the North Pole is going to push cold air southward, according to AccuWeather.com.
AccuWeather: Cold Wave to Hit U.S. in Mid-January
So far, it looks like another mild winter is underway, but that is likely to change in a couple of weeks. A sudden warming of the stratosphere — six to 30 miles above the ground — in the North Pole is going to push cold air southward, according to AccuWeather.com.
Crestwood Bolts On More Gas Assets in West Virginia
Crestwood Marcellus Midstream LLC (CMM) is adding more bolt-on natural gas compression and dehydration assets in West Virginia’s Harrison and Doddridge counties that provide services to a unit of Antero Resources through a $95 million acquisition from Enerven Compression LLC.
Another Penn State Drilling Study Unnecessary, Says MSC
The industry-led Marcellus Shale Coalition (MSC) has canceled a study underway by Pennsylvania State University (Penn State) about natural gas drilling and hydraulic fracturing (fracking), following criticism that previous research had a pro-drilling slant.
Marcellus Region ‘Ripe with Bottlenecks,’ Says Williams CEO
With energy demand high and producers climbing over each other in the Marcellus Shale region, the Northeast remains “ripe with bottlenecks,” and it’s likely to get more congested before natural gas infrastructure is completed, Williams CEO Alan Armstrong said Wednesday.
Industry Briefs
Another sign of the shifting world energy market caused by the shale gas revolution is a $7 billion contract announced this week that directs the export of coal — no longer needed in the United States — to India from Kentucky and West Virginia. The 25-year agreement was lauded by Kentucky Gov. Steve Beshear, who called it “an example of a great new market for Kentucky resources.” Kentucky coal companies will export about 9 million tons of coal per year to India’s Abhijeet Group. The coal is being purchased from Kentucky-based affiliates of FJS Energy LLC. A supply glut of natural gas, much of it from shale, has driven gas prices lower than coal this year and intensified the environmental push toward coal-to-gas fuel switching for power generation (see Daily GPI, Aug. 16; Aug. 6). The 25-year contract is an indication that coal producers see stiff competition from natural gas continuing for their product in the United States.
Shell Chooses Pennsylvania for Marcellus Cracker
Although the announcement does not mean the company is committed to its plans for a “world-scale” facility just yet, it ends months of speculation about where Shell would locate the facility and the competition among the three states in the running (see Shale Daily, Dec. 5, 2011; Sept. 7, 2011; June 7, 2011).
Panel: Expect Utica Development in 2013
“This is a 2013 development. It’s not a 2012 development. The next year is about evaluation. It’s about getting your head around the rock,” said Michael Bodino with Global Hunter Securities LLC.
CenterPoint, Duke Test Market Interest in 250-Mile Perryville-to-Gulfstream Pipeline
With a pre-filing process already underway at FERC on CenterPoint’s Energy’s proposed 1 Bcf/d pipeline from Carthage, TX, to Perryville, LA, the company has teamed up with Duke Energy Gas Transmission to propose another new pipeline downstream of Perryville to the Gulfstream Natural Gas System, which is owned by Duke and Williams. Gulfstream serves the Florida peninsula and would provide premium market access to producers delivering gas to Perryville from fields in North and East Texas.