Upstream operators may be looking for cost reductions averaging up to 30% on projects in the low commodity world, but squeezing the oilfield services sector may only achieve a savings of 10-15%, which means investments will take a back seat until prices rebound, Wood Mackenzie said Monday.
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El Nino Pattern Could Determine Winter Natural Gas Prices
Natural gas markets appear to be buying into multiple weather forecasts calling for a mild winter thanks to a strong El Nino pattern, as winter prices are sitting well below year-ago levels and some markets are even sporting a $2 handle.
NGV Market Penetration Still Small Despite Bullish Advocates
While national and global market penetration is still modest, advocates for natural gas vehicles (NGV) could be heard at recent energy conferences in Chicago and Denver adding more fuel to the fire of enthusiasm among major fleet operators for natural gas as a transportation alternative.
TCO Pipe Upgrade Gets Favorable FERC EA
FERC has issued a favorable environmental assessment (EA) of Columbia Gas Transmission LLC’s (TCO) Tri-County Replacement Project in Southwest Pennsylvania, which is part of a broader modernization program to replace aging segments of the 12,000-mile natural gas pipeline system.
LNG Exports Could Spawn Domestic Petchem Growth, Canadian Researchers Say
Breaking into the global liquefied natural gas (LNG) trade would spin off a renaissance in petrochemical manufacturing, according to the Canadian Energy Research Institute (CERI).
Atlantic Coast Files, Tells FERC Homework Is Done
Atlantic Coast Pipeline LLC (ACP) on Friday applied to FERC for permission to build its 564-mile interstate pipeline that would carry Appalachian Basin natural gas to power generation and other markets in Virginia and North Carolina, describing and defending its project with “a stack of paper more than 10 feet tall.”
Tennessee’s NED Wins New Hampshire Pipeline Primary
Staff of the New Hampshire Public Utility Commission (PUC) came down on the side of Tennessee Gas Pipeline’s (TGP) Northeast Energy Direct (NED) project, with the competing Access Northeast project of Spectra Energy, Eversource Energy and National Grid coming second in an evaluation of natural gas-related options to lower wholesale power prices.
‘Different’ Storage Primed For Resurgence, Natural Gas Buyers Say
The doldrums that natural gas storage has been mired in for some time could disappear, replaced by a re-energized market for short-term, regionally based deals, according to some major natural gas buyers.
New Transmission Pipe Into San Diego County Proposed by Sempra
Sempra Energy’s two California utilities plan to file with California regulators by the end of this month to proceed with a new natural gas transmission pipeline link in the heart of San Diego County and the center of the population at the southern end of the state.
Cheap NatGas Still Growing Utility Fan Base, J.D. Power Says
Low natural gas prices mean pain at the wellhead, but they continue to bring smiles at the residential burner tip, according to the latest J.D. Power customer satisfaction survey of gas utility customers.