Erika Green Ohio energy users saved more than $40.2 billion from 2006 to 2016, thanks to lower natural gas prices, according to a new report from the Texas-based Consumer Energy Alliance. Residential users saved almost $15 billion, while commercial and industrial users saved $25.3 billion, Kallanish Energy has learned. The report looked at how … Read more
Exelon Generation and Holtec International have an agreement under which Holtec will purchase Oyster Creek Generating Station, a nuclear power plant (NPP) located in New Jersey. You have reached your allocation of free articles this week. Don’t despair you can keep reading the news. Subscribe or start your free trial to read the rest of … Read more
U.S. engineering company KBR said Wednesday it has been awarded a contract to provide front-end engineering design (FEED) for the expansion of Nigeria LNG, Kallanish Energy reports.
No contract value was revealed.
Under the terms of the contract, KBR and its partners will provide the basic design package and EPC bid for the expansion of Nigeria LNG (NLNG). The project for the construction of Train 7 is currently under consideration by joint venture partners Shell, Nigeria’s NNPC, Total and Eni.
The liquefaction plant at Bonny Island has six processing units with total capacity of 22 million tonnes per annum (MTPA) of liquefied natural gas (LNG) and up to 5 MTPA of natural gas liquids (NGL).
KBR’s contract is another indicator the expansion project should be sanctioned soon, echoing Shell CEO Ben van Beurden’s forecast last week.
“Hopefully, late this year or next year, we will sanction the expansion,” he said on the company’s earnings conference call.
New satellite data shows a significant decline in natural gas flaring at oil production sites around the world in 2017, Kallanish Energy reports. The decline was about 5% and came while global oil production grew by a half-percent. That 5% drop begins to reverse years of increases in global flaring that started … Read more
The amount of money spent in the energy sector fell for a third straight year in 2017, raising concerns about the world’s ability to provide enough power and tackle climate change, the International Energy Agency reported Tuesday. Governments and businesses put $1.8 trillion into energy infrastructure, equipment and resources. That means global energy investment fell … Read more
Shell and Chevron are the first oil and gas industry players granted waivers from President Trump’s 25% tariff on steel imports, after the administration agreed the specialty steel they were importing isn’t manufactured in the U.S. The U.S. Commerce Department approved tariff exclusions for 2,760 tons of steel casing and production tubing Shell said it … Read more
The federal government last week delayed a decision on a proposal to allow oil and gas drilling near Great Sand Dunes National Park in southern Colorado, saying it first wants to consult with the Navajo Nation, which owns land in the area. The Bureau of Land Management had planned to sell drilling … Read more
The number of rigs working onshore in the Lower 48 U.S. states during the week ended June 29, fell for the third consecutive week, data from oilfield services firm Baker Hughes, a GE company, reveals. Last week, the number of working rigs dropped to 1,016, down seven rigs from one week earlier. … Read more
Black Hills Energy, of Rapid City, S.D., is preparing to build a 35-mile, $54 million natural gas pipeline in Converse County, east-central Wyoming. The Natural Bridge Pipeline will begin at the Wyoming Interstate Co. compressor station interconnect in east Douglas, Wyo. From there, it will track west, terminating at Black Hills Energy’s facilities … Read more
Strong global growth prospects, rising exports, increased manufacturing, balanced inventories, healthy demand, and sufficient, inexpensive shale gas combined suggest positive growth this year for the U.S. chemical industry, the American Chemistry Council’s mid-year outlook states. “The U.S. chemical industry continues to enjoy a competitive advantage from robust supplies of shale gas and … Read more
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