U.S. natural gas usage jumped 10% in 2018, to a record 82.1 billion cubic feet per day (Bcf/d), the Energy Information Administration reported. Domestic consumption of natural gas increased across all sectors in 2018, led by a 3.8 Bcf/d increase in the electric power sector, due to a combination of recent natural … Read more
Pipeline giant Williams has initiated a binding open season, through April 8, for the Regional Energy Access, an incremental expansion of the Transco interstate pipeline. The project provides firm natural gas transportation capacity to markets in the northeastern U.S. as early as November 2022, according to Williams. Regional Energy Access is designed to provide up to … Read more
Tree clearing is under way at the site of a proposed ethane cracker plant in eastern Ohio, even though a final investment decision is still pending by PTT Global Chemical America and its partner, Daelim. The companies last week announced they have hired a local firm to clear 140 acres in Belmont … Read more
Eclipse Resources and Blue Ridge Mountain Resources said Thursday they’ve completed their merger, announced last August, with the melded company now known as Montage Resources Corp. The company also announced it has entered into an amended and restated credit agreement to expand its borrowing base from $225 million to $375 million and extended the maturity … Read more
Another international financial institution has publicly said it will not fund drilling for oil in Alaska’s Arctic National Wildlife Refuge, Kallanish Energy reports. The announcement came last week in a new susrtainability report from National Australia Bank. “As an outcome of the oil and gas sector review, we will not finance oil/tar sands extraction projects and … Read more
U.S.-based, Venezuela-owned refiner Citgo Petroleum is set to undergo a restructuring in its leadership following Juan Guaido’s declaration he is Venezuela’s new interim president. Guiado is expected to make an announcement “soon” on plans to revamp Citgo’s board and ease political pressures on the company, Platts reported last week, citing unnamed sources. … Read more
An explosion Monday of a section of Enbridge’s Texas Eastern natural gas pipeline in Ohio created a fireball of flame and damaged homes, prompting the evacuation of nearby residents. The explosion appeared to have destroyed two homes, Chasity Schmelzenbach, emergency management director for Noble County, Ohio, told Reuters. Enbridge said two people … Read more
A new analysis by the U.S. Chamber of Commerce’s Global Energy Institute finds the anti-energy “Keep It in the Ground” movement has prevented at least $91.9 billion in domestic economic activity and eliminated nearly 730,000 job opportunities, Kallanish Energy reports. In recent years, KIITG activists have attempted to derail energy projects with … Read more
The Pennsylvania Department of Environmental Protection has rolled out a draft plan to curtail air emissions from thousands of existing oil and natural gas wells — a move that could have a major and costly impact on drillers, Kallanish Energy reports. The state is expected to take public comment on the proposal early next year. Part … Read more
Hess Corp. has announced it plans to spend $2.9 billion in its 2019 capital and exploratory budget, with 75% of that money earmarked for high-return growth assets in the Bakken Shale and and Guyana, Kallanish Energy reports. The company on Monday said its net production is predicted to be between 270,000 and 280,000 barrels of … Read more
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