Archive for the ‘natural gas’ Category

US natural gas production holding steady despite low prices

Why and how is North American natural gas production not plummeting in this low price environment? I and other folks at Platts and Bentek Energy spend a considerable amount of time trying to find a half-decent answer to this question.

Commodities are well known to go through cycles with booms and busts. As commodities go through these sequences, media outlets clamor and fret about how low or high prices could go.

As many commodities are down at the moment, it is sometimes difficult to explain that one is down more than others and why it stands out from the pack.

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Oman exports more LNG in move with implications for oil

Over the past two years, Oman has quietly expanded the number of countries to which it exports LNG to well beyond those with which it has long-term supply contracts.

In a state that needs increasing gas volumes to fuel its oil and heavy industrial sectors, this raises far-reaching questions about energy strategy.

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I’ve got a fever, and the only prescription is more wind generation

The projected big winner in the Environmental Protection Agency’s pursuit of reduced carbon dioxide emissions by the power sector is wind generation.

The EPA’s Clean Power Plan, whose rules were unveiled Monday, is expected to trigger a boom in wind installations that could amount to a 63% increase in wind generation by the year 2020 over 2013 wind capacity totals, and an increase of 211% by 2030.

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Why prompting production on the US Atlantic Coast is so slow: Regulation and Environment

When it comes to pursuing new offshore oil and natural gas production, the Atlantic Coast is proving to be a tough target. In this week’s Oilgram News column, Regulation and Environment, Gary Gentile explains what’s currently happening — and what’s not happening — off the Eastern shores and why.

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Sussing out the ceilings over Russian gas prices

In this month’s selection from Platts Energy EconomistManaging Editor Ross McCracken explains what is currently contributing to Russia’s slipping grip on the European natural gas markets and questions whether Russian gas will be competitive in the future.

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Banks see second quarter revenue dip from commodities

Pinning down the financial performance of energy commodity trading at top financial institutions is complicated by the manner in which banks segment their operations and lump together certain revenue numbers.

While differences exist from bank to bank, for the most part the big banks place commodity trading within their fixed-income unit of their investment bank division. Low commodity prices, less volatility, and thus lower volumes traded, have all had an impact.

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Ineos sends Europe a fracking message about gas; next stop, upstream

As the champagne bottles smashed into the side of the two newly-built ships that in November will bring the first cargo of US shale gas into Europe, billionaire chairman of Ineos Jim Ratcliffe sent a clear message to European lawmakers whose energy policies have stalled his plans to frack for gas in Europe.

Emblazoned down the side of the two freshly-named vessels — the Ineos Insight and Ineos Ingenuity — were the words “Shale Gas for Manufacturing” and “Shale Gas for Chemicals.”

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Burn, baby, burn: North American natural gas gets ahead in generation

All over the news last week, media outlets highlighted a June US Energy Information Administration report that showed that for the first time ever, the US generated more electricity from natural gas than from coal in April. EIA data said the US generated 92.5 TWh from natural gas and 88.8 TWh from coal. This is the first time ever that any fuel source produced more electricity than coal. Although this might be a temporary blip (winter demand will send coal’s numbers past natural gas), it is still a huge deal.

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Natural gas becalmed as wind blows ahead in European power

Roll over Chicago, welcome to Europe: the Windy Continent.

In just 10 years’ time, wind is forecast to overtake natural gas as the biggest single power generation source by installed capacity in Europe.

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Viewing global LNG from the House at Pooh Corner, where Eeyore lives

Ross McCracken, managing editor of Energy Economist, shares what the world of LNG would look like to an unabashed pessimist . . . or maybe just to someone who eyes the massive production boom on the horizon with some concern.

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