Archive for the ‘natural gas’ Category

Australian junior chases Rocky Mountain oil and natural gas high

A small Australian upstream company, with the appropriate name of American Patriot Oil and Gas, is hoping to achieve what several of its peers have been unable to do: turn a little into a lot in the US market.

American Patriot’s business model is simple, yet crucially different from that pursued by some other small Australian companies that have burned through their own capital trying to make a go of it in US conventional and unconventional oil and gas, according to the company’s CEO Alexis Clark.

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A strong frac sand market faces lower oil and natural gas prices

Not every price in the energy complex is dropping.

According to an index created by Cowen & Co., the producer price index for frac sand rose 1% in October, following a 1% gain in September. At the end of October, it was at its highest level since the end of 2012.

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The great LNG indexation debate rumbles on

Almost three years since the first contracts based on Cheniere Energy’s tolling model were signed, the great LNG indexation debate continues to rage. Only this year, the focus has shifted to how competitive those US volumes will be in the wake of falling crude prices; a complete about-turn from the last few years.

With crude oil prices touching four-year lows of around $80/b, it’s not hard to imagine a world where US exports under Cheniere’s tolling model could become uneconomic, especially if US gas prices start to rise as many analysts forecast.

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Petrodollars: Figuring out what to do with PNG’s new LNG wealth

As Papua New Guinea enters the small fraternity of LNG exporters, it needs to figure out what do with the money the poor nation is going to earn. Christine Forster looks at the issue in this week’s Oilgram News column, Petrodollars.

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Oil and the elections, through the eyes of a DC analyst

Kevin Book, Christi Tezak and the other partners at ClearView Energy Partners always have some unique perspectives on the intersection of politics and energy.

So here are a few nuggets from their post-Election Day wrap-up:

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More twists coming for PNG’s emerging LNG industry?

It seems there might still be some twists and turns in the long saga of InterOil’s Papua New Guinea LNG project, with analysts speculating that arbitration proceedings launched by Oil Search are ultimately aimed at replacing joint venture partner Total with ExxonMobil.

Oil Search clearly sees itself as the key player in the Pacific nation’s emerging gas sector, by virtue of its 29% stake in the new ExxonMobil-led PNG LNG facility near Port Moresby and its significant equity position in the InterOil project. Oil Search, with its strong operating history at PNG oil and gas fields, also enjoys a good relationship with the PNG government, one of its major shareholders.

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LPG: to one speaker, not just a fuel, but a moral necessity

(Note: a link to Jose Andres’ full speech can be found here.)

The oil industry has often heard itself being criticized from within for not being bolder in sending a broadly positive message about what it does. Hydrocarbons make modern life possible; without them, we’re back to the mid-1800’s. And we should be telling the world that, pushing back against the naysayers. That’s the gist of the criticism.

That wasn’t on display at the World LP Gas Forum in Miami this week, where I was asked to moderate a panel of LPG experts entitled “Mind the Gap.” The gap in this question is the growing surge of LPG supply and the very real question of how it is going to get consumed.

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UK power margins tighten further for winter, but gas stocks high

A fire broke out Sunday at the UK’s 1,400 MW Didcot B gas-fired power station, in the latest of a series of unexpected problems that have considerably tightened the margin of spare supply available to the country’s electricity market this winter.

Damage to the cooling towers has resulted in the shutdown of 50% of the station’s output, removing some 700 MW from the grid.

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Leave it to $80 crude to shake up US petrochemicals

There’s something about $80/barrel crude that gets petrochemical markets in the US all riled up.

As the energy complex slowly emerges from its latest dip, let’s take a look at how some of these key markets fared over the past two weeks.

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New Frontiers: Cutting back natural gas flaring in North Dakota hits a bump

North Dakota has aggressively sought to cut the amount of natural gas flaring going on in the state. It’s made strides, but it has a new hurdle, as Brian Scheid discusses in this week’s Oilgram News column, New Frontiers.

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