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U.S. Ethane Production Seen Climbing 16% in 2022, Says EIA

U.S. Ethane Production Seen Climbing 16% in 2022, Says EIA

Production of ethane, a natural gas liquid (NGL), should grow by about 9% in the United States during the second half of 2022 compared to first-half levels, according to an Energy Information Administration (EIA) forecast. “Ethane is consumed almost exclusively as a feedstock in petrochemical plants known as steam crackers to produce ethylene, a precursor…

August 31, 2022
Arc Raising 2022 Capital Guidance, Touts High Montney Shale Gas, Liquids Prices

Arc Raising 2022 Capital Guidance, Touts High Montney Shale Gas, Liquids Prices

Montney Shale producer Arc Resources Ltd. sees inflation and continued supply chain snarls ballooning its costs for the rest of the year, leading it to raise its capital budget by 16.6%. Calgary-based Arc is now forecasting capital spending of $1.35-$1.45 billion, up from an initial plan of $1.15-$1.25 billion. Management said the upward revision primarily…

August 3, 2022
TotalEnergies, Borealis Start Up Texas Ethane Cracker

TotalEnergies, Borealis Start Up Texas Ethane Cracker

TotalEnergies SE and Borealis AG reported last week they have begun commercial operations at their nearly $2 billion ethane cracker in Port Arthur, TX. The companies built the ethane cracker, with an ethylene production capacity of 1 Mt/y,  at TotalEnergies’ refinery in Port Arthur via their Bayport Polymers LLC 50/50 joint venture (JV).  “This investment…

July 25, 2022
Oneok Investigating Fire at Oklahoma’s Medford NGL Fractionator

Oneok Investigating Fire at Oklahoma’s Medford NGL Fractionator

Tulsa-based Oneok Inc. on Monday was working with Oklahoma emergency responders and regulatory authorities to evaluate the damage at its Medford natural gas liquids (NGL) fractionation facility following a fire on Saturday. All of the midstream operator’s personnel were accounted for, according to spokesperson Brad Borror. The company was continuing to “prioritize the safety of…

July 11, 2022
Upstream Oil, Natural Gas Investments Rising, but Renewables Said Driving Growth

Upstream Oil, Natural Gas Investments Rising, but Renewables Said Driving Growth

While investments in the global energy industry are expected to jump 8% from 2021 to 2022, investments in fossil fuels have not returned to pre-pandemic levels, according to the International Energy Agency (IEA). Investments in upstream oil and natural gas activities are projected to rise 10% year/year in 2022, but are likely to fall short…

June 30, 2022
Driven By Surging Natural Gas and Oil Costs, Inflation Hits Fresh 40-Year High

Driven By Surging Natural Gas and Oil Costs, Inflation Hits Fresh 40-Year High

Fueled by bursts in energy costs, including natural gas, U.S. inflation spiked to an 8.6% annual rate in May, reaching the highest point in more than 40 years. The U.S. Department of Labor on Friday said its Consumer Price Index showed energy costs overall last month climbed 35% from May 2021. Energy commodities, a subcategory…

June 11, 2022
NGL Extraction Process Designed to Cut Emissions, Cost

NGL Extraction Process Designed to Cut Emissions, Cost

Calgary-based Gas Liquids Engineering Ltd. (GLE) has designed a natural gas liquids (NGL) extraction process that could require less energy and lower operating costs.  GLE is touting the split absorber reflux (SABR) process, which extracts propane and ethane from natural gas. “In many cases, SABR can recover propane and ethane with lower energy use, and…

June 9, 2022
Natural Gas, Oil Brines Could Help Supply Tight Lithium Market

Natural Gas, Oil Brines Could Help Supply Tight Lithium Market

Lithium is one of many components of the salty brine, or produced water, that accompanies natural gas and oil production. It is also a key component of battery production for electric vehicles (EVs), power grid storage, and numerous other manifestations of the energy transition. Recovering commercial volumes of lithium from the oil and gas byproduct…

June 4, 2022
Aramco Profits Soar 82% on Back of Global Oil, Natural Gas Recovery

Aramco Profits Soar 82% on Back of Global Oil, Natural Gas Recovery

Saudi Arabia’s state-owned oil and gas company is raising its capital spending, but whether it increases production is another story despite record profits in the first quarter. Unlike most of its oil and gas peers, Saudi Arabian Oil Co., aka Aramco, plans to increase this year’s capital expenditures to $40-50 billion from nearly $32 billion…

May 22, 2022
Ovintiv Pursuing Natural Gas Price ‘Diversification,’ Citing Strong Market Fundamentals

Ovintiv Pursuing Natural Gas Price ‘Diversification,’ Citing Strong Market Fundamentals

Ovintiv Inc. is exploring options to increase the exposure of its multi-basin upstream portfolio to a dynamic global natural gas market, CEO Brendan McCracken said.  The Denver-based independent works in numerous onshore plays throughout North America, including in the Montney Shale, Anadarko Basin, Permian Basin, Bakken Shale and Uinta Basin. On a call to discuss…

May 16, 2022
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