Lawyers say dozens of western North Dakota mineral owners have expressed interest in joining lawsuits seeking damages from oil drilling companies for natural gas that is lost when it is burned instead of being captured as a byproduct of oil production. More »
A former head of Iran’s central bank was elected Sunday to head a 13-nation bloc of gas-producing countries as Tehran looks beyond its sanctions-hit crude oil sales to bring in vital revenue and explore new energy markets. More »
The line above is (mostly) taken from the poem by Samuel Taylor Coleridge, ‘The Rime of the Ancient Mariner‘. It seemed relevant when addressing the issue of water usage in hydraulic fracturing, as the poem provokes a similar range of emotions – from horror to incredulity to fascination. I haven’t set out to validate or vilify [...] More »
China practically dominates the energy news of the day. The long-term effects will be far wider than the stories now fixating the American public. Last month the big news coming out of China’s Oil Patch was Beijing’s startling, if not long overdue, corruption allegations against one of its state-owned oil majors, CNPC, with corresponding executive resignations, and potential fall-out for more of the same. More »
Phillips 66 is planning to build a liquefied petroleum gas export terminal in Freeport, Texas, a $1 billion push to tap international markets for refined products including butane and propane. More »
Erratic natural gas prices and fierce competition are forcing companies to work more efficiently and to innovate. More »
Oil ended the week down $2.96 a barrel, or 2.9 percent, largely due to concerns among traders that the market is oversupplied.
A Michigan-based energy company has given up a six-year battle to drill for natural gas in southeastern Pennsylvania’s upper Bucks County, citing opposition from local government. More »
The Marcellus now produces more natural gas than any field in the nation according to the Energy Information Administration. More »
China Gas Holdings Ltd., which supplies natural gas to 195 cities in Asia’s biggest economy, expects sales will jump as much as fivefold by 2020 as the nation pushes for wider use of the fuel to replace coal. More »
For the week, oil finished with a loss of $1.21, or 1.2 percent.
China is still pressing ahead with its shale gas ambitions though numerous hurdles continue to hinder those goals. Shale gas is supposed to boost the nation’s natural gas supply which is in dire need. China today draws about 4 percent of its energy needs from natural gas and more than 70 percent from coal. The coal figure is one that the West has not experienced since the nineteenth century. More »