With 35 states having created various levels of incentives for using natural gas in transportation and the Energy Information Administration (EIA) predicting gas use in transportation will grow 100% by 2017, the latest Barclays analysis of U.S. gas broke down some of the metrics and concluded that natural gas vehicles (NGV) on the road will have to swell 12-fold between 2011 and 2017 to meet the EIA prediction.
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North Dakota Governor Signs Bill to Help Cut Flaring
North Dakota Gov. Jack Dalrymple on Monday signed into law a measure (HB 1134) offering tax breaks to oil and natural gas operators as an incentive to cut flaring of associated gas at the wellhead on oil wells. HB 1134 was passed last week by the North Dakota legislature. It will be effective July 1.
Fracking Water Recycling Rules Amended in Texas
New rules to encourage the state’s oil and natural gas operators to conserve water used in hydraulic fracturing (fracking) processes were adopted Tuesday by the Railroad Commission of Texas (RRC).
NatGas Transportation Makes Strides
Royal Dutch Shell plc and others in related industries are continuing their push for using natural gas as a transportation fuel. Several states also are adding incentives.
Global E&P Execs Optimistic But Wary
Global oil and natural gas executives are optimistic about the year ahead, but instead of expanding their operations, many are using the boom times to hedge against the short-term uncertainties, according to a new survey by BDO.
Global E&P Execs Optimistic But Wary, Says BDO Survey
Global oil and natural gas executives are optimistic about the year ahead, but instead of expanding their operations, many are using the boom times to hedge against the short-term uncertainties, according to a new survey by BDO.
Portion of Trunkline Gas Slated for Oil Service
Enbridge Inc. and Energy Transfer are partnering to develop a transport solution for Bakken crude oil using some of the latter’s Trunkline Gas Co. LLC pipeline. Meanwhile, some of Enbridge’s Gulf of Mexico gas pipeline assets have been underperformers in the current era of abundant shale gas and oil.
Portion of Trunkline Could Be Bakken Oil Bridge to Gulf
Enbridge Inc. and Energy Transfer are planning to develop a pipeline to carry crude oil from Western Canada and the Bakken Shale, by way of the Patoka, IL, hub to the eastern Gulf Coast in a project that would convert portions of the Trunkline Gas Co. LLC natural gas system to oil service.
Portion of Trunkline Gas Slated for Oil Service
Enbridge Inc. and Energy Transfer are partnering to develop a transport solution for Bakken crude oil using some of the latter’s Trunkline Gas Co. LLC pipeline. Meanwhile, some of Enbridge’s Gulf of Mexico gas pipeline assets have been underperformers in the current era of abundant shale gas and oil.
Industry Seen Losing with Fourth-Graders
Some fourth-graders in New York state agree that they don’t want unconventional drilling using hydraulic fracturing (fracking) in their state, but they didn’t arrive at that conclusion because of biased messages in the classroom, said Southwestern Energy CEO Steve Mueller. They just don’t know that “natural gas is a true national treasure.”