U.S. gross inputs to refineries, aka, refinery runs, have increased each year since 2009, most recently reaching a record high of 17.3 million barrels per day (Mmbpd) in 2018, Kallanish Energy reports. However, based on its monthly refinery run data through May and forecast for the remainder of 2019, the U.S. Energy Information Administration expects
Read More...ExxonMobil Asia Pacific has signed a two-year time charter agreement with Singapore-based Sinanju Tankers Holdings Pte. Ltd. to lease Singapore’s first liquefied natural gas (LNG)-powered bunker tanker, Sinanju said, in a statement Friday, Kallanish Energy reports. The 7,990 deadweight tonnage (dwt) new build will be the first LNG bunker tanker for Singapore and Sinanju and
Read More...EQM Midstream Partners told the Federal Energy Regulatory Commission via letter last week the company would stop some work on the Mountain Valley natural gas pipeline in West Virginia and Virginia, as the U.S. Fish and Wildlife Service reviews permits. In the letter, EQM said it was voluntarily suspending new work on Mountain Valley in
Read More...Despite U.S. natural gas demand reaching an all-time high, and expected to keep rising, prices are falling, according to Hellenic Shipping News. Last week, U.S. gas futures collapsed to a three-year low, while spot prices were on track to post their weakest summer in over 20 years. Simultaneously, demand is is rising. Incidentally, so is
Read More...In today’s challenging market conditions, both E&P and service companies are continuously looking for opportunities to reduce costs. In hydraulic fracturing operations, diesel fuel is a significant expense. Higher pumping rates and pressures increase the amount of fuel required to perform the work. Even idling between stages consumes a lot of fuel; these large engines
Read More...Even as overall energy consumption continues to rise, businesses in the oil and gas sector are beginning to align themselves with some of the tenets of the Paris climate agreement — which aims to reduce carbon emissions to a net zero by the end of the century. For example, Shell announced it would link executive pay to
Read More...What we are recognizing: Demonstrated leadership and contributions to the energy industry by military veterans – through the roles they play fulfilling a company’s mission or advancing its long-term success. Nominating trail-blazers is encouraged. This awards program seeks to recognize all facets of the veteran community. Potential nominees: These individuals may be employed in management,
Read More...With more than $370 trillion of global financial contracts referencing LIBOR (London Inter-bank Offered Rate), many oil and gas companies are curious about how the phase-out of LIBOR by 2021 could impact their organization. Many companies are beginning to ask how this transition will impact their organization and what steps can be taken now. Why
Read More...DUBAI—A drone attack launched by Yemen’s Houthi group on an oilfield in eastern Saudi Arabia on Aug. 17 caused a fire at a gas plant but had no impact on oil production, state-run oil company Saudi Aramco said. A Houthi military spokesman said earlier that the group had targeted the Shaybah oilfield with 10 drones,
Read More...EQM Midstream Partners LP has told U.S. federal regulators the company would stop some work on its long-delayed Mountain Valley natural gas pipeline from West Virginia to Virginia as the U.S. Fish and Wildlife Service reviews a couple of permits. In a letter to the U.S. Federal Energy Regulatory Commission (FERC) on Thursday, EQM said
Read More...Norway’s BW Offshore has won approval from Brazilian oil regulator ANP for the purchase of the Maromba oilfield, part of the Oslo-listed company’s plan to become an operator and not just a supplier of oil services, platforms and ships. The purchase, from Chevron Corp. and Petrobras extends BW’s operations in Brazil, where it already has
Read More...Rick HidukManaging Editor of EndlessMtnLifestyles.com … … The Northern Tier Industrial & Education Consortium (NTIEC) just gave students from four counties some real life experience in natural gas development. Students from four northern tier counties recently took part in the first Energy & Oilfield Career Summer Experience, learning about career opportunities in the natural gas
Read More...Tom ShepstoneShepstone Management Company, Inc. … … Natural Gas NOW readers pass along a lot of stuff every week about natural gas, fractivist antics, emissions, renewables, and other news relating to energy. As usual, emphasis is added. This week’s selection of Natural Gas Now picks begins and ends with climate issues; how to not to
Read More...Canada’s Husky Energy said on Aug. 16 it will resume full production at its White Rose Field offshore Newfoundland & Labrador, which was shut down last year after an oil spill in November 2018. White Rose production will ramp up to reach full rates of about 20,000 barrels per day, net to Husky, by early
Read More...The following information is provided by EnergyNet. All inquiries on the following listings should be directed to EnergyNet. Hart Energy is not a brokerage firm and does not endorse or facilitate any transactions. TRE Investments LLC retained EnergyNet for the sale of Permian Basin operations in West Texas through an auction closing Aug. 28. The offering includes
Read More...