Natural Gas

  • U.S. Pipeline Venture Delayed Due to Costs

    U.S. Pipeline Venture Delayed Due to Costs

    The almost USD $1-billion Constitution Pipeline venture, which had been designed to take natural gas from Pennsylvania’s shale gas fields to metropolitan New York and New England, has been deserted after years of authorized regulatory challenges made it economically unfeasible, a spokesperson for venture companion Duke Energy stated Monday. Duke is one of four challenge companions. The principal associate is…

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  • U.S. Natural Gas Dips to Weakest since March 2016

    U.S. Natural Gas Dips to Weakest since March 2016

    U.S. natural gas prices have been at their lowest ranges in a long time. On Monday, the near-month natural gas futures price at the New York Mercantile Exchange (NYMEX) settled at US$1.77/million Btu. This price was the weakest February closing price for the near-month contract since at least 2001, in real terms, and the lowest near-month futures price in any month since…

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  • Power Outage at Leviathan Offshore Rig Burns Off Natural Gas, Blazes Lit up Sky

    Power Outage at Leviathan Offshore Rig Burns Off Natural Gas, Blazes Lit up Sky

    A power outage overnight Monday at Israel’s offshore Leviathan rig triggered operators to burn off natural gas at the platform in a safety process that lit up the sky off the coast with a ball of the blaze. Because of the incident, natural gas supplies from the platform had been stopped for several hours. The burn-off at the rig, situated…

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  • US Trying to Figure Out the Impacts of US Fracked Gas

    US Trying to Figure Out the Impacts of US Fracked Gas

    With rising proof that the climate impacts of pure gas are similar to coal, the European Fee is planning to study methods to scale back methane emissions throughout the life cycle of pure fuel manufacturing and consumption, with potential implications for fracked fuel producers within the U.S. “Work has begun on the methane emissions linked to the vitality sector, together…

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  • Area1 Says Russian Backed Hackers Attack Ukranian Burisma

    Area1 Says Russian Backed Hackers Attack Ukranian Burisma

    A Silicon Valley stationed safety agency called Area1 says it has discovered indications that state-sponsored Russian hackers have successfully hacked the Ukranian gas firm Burisma. The company has taken on a top position in US politics due to its links to Democratic presidential front-runner Joe Biden, whose son Hunter sits on the company’s committee. In July, President Trump asked Ukraine’s…

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  • API Highlights Energy Advantages Ahead of 2020 Presidential Elections

    API Highlights Energy Advantages Ahead of 2020 Presidential Elections

    The American Petroleum Institute(API) is venturing headlong into the political arena as the 2020 presidential election approaches. Mike Sommers, the institute’s CEO Tuesday, said the oil and gas trade hopes that it can remind Americans of how the deal benefits them as some leading presidential contenders and their followers claim the planet would be better off if the usage of…

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  • Natural Gas Shifts Downward Ahead of EIA Inventory Report

    Natural Gas Shifts Downward Ahead of EIA Inventory Report

    Natural gas costs broke down through the contract lows and continue to fall following a report that showed that hotter than normal climate is expected to cover a lot of the east coast for the next 8-14 days. This comes ahead of Friday’s inventory report from the Energy Information Administration (EIA), which is predicted to show that inventories descended by 83…

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  • Natural Gas Problems Are Increasing in Permian

    Natural Gas Problems Are Increasing in Permian

    America’s prime shale subject is turning into increasingly gassy as drilling slows down, undercutting earnings for explorers at a time when buyers are demanding higher returns. Natural gas has long been a nuisance within the Permian Basin in Texas and New Mexico, the place an enormous glut weighs on costs, with crude producers generally having to pay to get it…

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  • $155 Million Oil and Natural Gas Exploration Agreement Signed by Egypt

    $155 Million Oil and Natural Gas Exploration Agreement Signed by Egypt

    Tarek al-Molla, Egyptian Minister of Petroleum and Mineral Resources, signed on Wednesday four new petroleum agreements for the exploration and manufacturing of oil and natural gas within the Western Desert, the Gulf of Suez and the Nile Valley, with minimal investments of US$155 million and signature bonuses of about $10.5 million. The agreements embrace drilling 30 oil wells. Molla stated…

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  • Oil and Gas Reserves in US Hits High

    Oil and Gas Reserves in US Hits High

    Increased oil and natural gas costs in 2018 raised the proved reserves of oil and fuel in America to new all-time highs last year, the Energy Information Administration (EIA) stated in its new yearly report. Oil and natural gas reserves beat the earlier document from the previous year when rising costs and continued shale useful resource growth in 2017 helped…

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