Worldwide liquefied natural gas demand is expected to double by 2040 to 700 million tonnes, according to third party forecasts, Royal Dutch Shell reports in its Fourth Annual LNG Outlook, Kallanish Energy reports. LNG in 2019 rose a robust 12.5%, to 359 million tonnes, Shell stated. “The global LNG market continued to evolve in 2019,
Read More...The North Dakota Public Service Commission this week voted 3-0 to approve the proposed expansion of the Dakota Access Pipeline (DAPL), which involves building a pump station in Emmons County to help push up to twice as much crude oil through the line daily. Pipeline owner-developer Energy Transfer plans to begin construction on the facility this
Read More...NextEra Energy Inc. announced this week it intends to sell $2.5 billion of equity units in the Florida-based electric utility parent, Kallanish Energy reports. Each equity unit will be issued at $50. Each unit will consist of a contract to purchase NextEra Energy common stock in the future and a 5% undivided beneficial ownership interest in a
Read More...Daniel B. Markind, Esq.Flaster Greenberg PC The Canadian rail system is in chaos thanks to pipeline activists and boy premier who hasn’t got a clue what to do it seems. Is the U.S. a target as well? People in the United States who wonder how far pipeline protests can go, and how disruptive they can be,
Read More...Tom ShepstoneShepstone Management Company, Inc. . … Appalachian shale production has been nothing short of phenomenal and has set the stage for natural gas exports to soar via both LNG ships and pipelines. Yesterday, chatting with a pro-gas friend, we both remarked on the fact the solution to low prices is low prices, just as
Read More...Transportation and shipping have been massively disrupted in Canada due to protests that—in an attempt to halt the construction of a natural gas pipeline—are blocking among other things, railroads. Recently, activists against the Teck Frontier’s Coastal Gaslink Pipeline, a proposed project that would ship British Columbian natural gas to an LNG facility on the Pacific
Read More...Kurt KnausSpokesmanPennsylvania Energy Infrastructure Alliance … … Pennsylvania’s Commonwealth Court has rejected a Chester County Commissioners request for an injunction to halt completion of the Mariner East pipeline. Pennsylvania’s Commonwealth Court has ruled against Chester County Commissioners and their attempt to secure an injunction to stop construction of the Mariner East pipeline project. The petition
Read More...LONDON–(BUSINESS WIRE)–Technavio has been monitoring the industrial valves market in oil and gas industry and it is poised to grow by USD 4.44 billion during 2019-2023, progressing at a CAGR of 6% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market
Read More...A new federal study concluded there’s no evidence that suggests oil and gas production in northern Pennsylvania has contaminated the state forest service’s rivers and streams, according to Kallanish Energy. The study was published earlier this month in the scientific journal Proceedings of the National Academy of Sciences (PNAS). It found no signs wastewater from fracked wells had
Read More...Flaring intensity in Texas is well below the historic highs of the 1950s and much lower than other nations around the world, according to a new Texas Railroad Commission report. As Commissioner Ryan Sitton, author of the report, explained: “Currently, Texas flaring levels – and flaring intensity – are notably lower than the rest of
Read More...Coloradans living near oil and natural gas development are most likely to support this activity, while the industry’s biggest opponents tend to live in areas with little to no production, according to a new study. Key findings: (1) Strong opposition to #fracking is mostly found in places where there is little to no drilling activity.
Read More...A bill introduced last week by Sen. Bernie Sanders (I-Vt.) that Rep. Alexandria Ocasio-Cortez (D-N.Y.) helped craft would ban fracking nationwide by 2025, according to its newly unveiled text. The legislation would immediately prevent federal agencies from issuing federal permits for expanded fracking, new fracking, new pipelines, new natural gas or oil export terminals and other gas and oil infrastructure. A House version
Read More...Dominion Energy is buying a 5% share in the Atlantic Coast Pipeline from Southern Co. for $175 million, according to Kallanish Energy. The deal makes Dominion, based in Richmond, Virginia, the majority partner in the project with a 53% stake. Duke Energy Corp., based in Charlotte, North Carolina, is now a minority partner with a
Read More...EQT Corp is considering selling a 1% royalty interest in its revenue from natural gas production, according to ShaleOhio. EQT’s new management team has been working to cut drilling costs and improve its financial outlook as domestic shale has experienced sharp price declines. During a third-quarter conference call, EQT evaluated ways to monetize its interest in
Read More...1. How big is the U.S. oil and gas industry, and what is its growth trajectory? The US oil and gas sector employs about 880,000 workers and contributes about $1.5 trillion towards the US gross domestic product, the growth of which has been heavily driven by shale production. Production of oil and gas hit record levels in 2019, with natural gas production
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