Bill desRosiers
External Affairs Coordinator, Cabot Oil & Gas
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The Shale Gas News, heard every Saturday at 10 AM on 94.3 FM, 1510 AM, 1600 AM, 104.1 FM and Sundays on YesFM, talked about natural gas pipelines, Russia, Saudi Aramco and much more last week.
The Shale Gas News has grown again to the Williamsport area on stations WEJS 1600 AM & 104.1 FM. The Shale Gas News is now broadcasting in Bradford, Lackawanna, Lancaster, Lebanon, Luzerne, Lycoming, Pike, Sullivan, Susquehanna, Tioga and Wayne Counties, as well as in greater central PA and now the Williamsport area. The Shale Gas News is aired on Saturday or Sunday depending on the station.
Every Saturday Rusty Fender, Matt Henderson and I host a morning radio show to discuss all things natural gas.
In this week’s Shale Directories meet a member segment we were joined by Bryce Custer of the Ohio River Corridor.
The Shale Gas News, typically, is broadcast live. On the September 19th show (click above), we covered the following new territory (see news excerpts below):
- Goldman sees oil market recovery gathering pace in 2021. Goldman Sachs expects Brent prices to rally in 2021, bolstered by a tighter oil market and as an economic recovery from the coronavirus-induced slump gathers pace, helped by a possible vaccine. Goldman forecast Brent prices to rally to $65 per barrel by the third quarter of 2021 and average $59.40 for the year.
- US presidents and oil production: A deep dive into Obama and Trump records, Biden’s proposed plan. As the 2020 presidential election in the US is approaching, Rystad Energy has looked at how the country’s oil industry has performed under different presidents and evaluated the plans of this year’s candidates, shedding light on what the US oil industry may have in store in the next four years. Technological innovations, aided in part by record high oil prices in the first part of the past decade, unleashed a new unconventional sector that catapulted the US to the league of top oil producers worldwide, dramatically changing the global supply landscape.
- U.S. Energy Secretary: Natural gas pipelines key to unlocking America’s energy potential. Recently, the N.C. Dept. of Environmental Quality (DEQ) blocked a water permit needed to advance an extension of the Mountain Valley pipeline. Weeks earlier, the Atlantic Coast Pipeline project was scrapped in the context of an unfavorable regulatory and political environment for natural gas in Virginia. And who can forget the cancellation of the Access Northeast Pipeline in 2017, which led directly to the importation of Russian liquefied natural gas (LNG) to meet home heating needs in New England during a severe cold snap in 2018?
- Russian Energy Minister Says Believes US Shale Production Boom ‘Not Over’ – The US shale industry is far from done despite recent struggle amid falling oil prices, Russian Energy Minister Alexander Novak said Friday. “I don’t think that the shale epoch is facing the end. The production of shale gas is a fact and it is a method of extracting gas.
- Argentina’s President Calls for Oil, Gas Push to Advance Economic Development. Argentina’s President Alberto Fernández, in a meeting with new energy secretary Darío Martínez last week, said the country needed to stimulate oil and gas production as a road to national economic development. In the presidential residence in Olivos last Thursday, Fernández echoed what he said last year during campaigning. The energy sector was key to the creation of jobs, along with meeting national energy demand and reducing imports, according to a statement from the Economy Ministry. He also called for greater exports of energy to improve the country’s energy trade balance.
- Poisoning of Putin opponent renews spotlight on deadly Russian chemical weapon. A notorious nerve poison is back in the news. The German government said today that Alexei Navalny, a prominent opponent of Russian President Vladimir Putin, was poisoned with a chemical similar to Novichok, a deadly nerve agent implicated in other attacks on Russians who have crossed the current regime.
- Aramco Shelves $20 Billion Petrochemical Plan After Oil’s Crash. Saudi Aramco is shelving multi-billion-dollar petrochemical and gas projects as the state oil giant’s determination to preserve its dividend forces it to cut back on major investments. The world’s biggest oil company is abandoning plans to build a $20 billion crude-to-chemicals plant at Yanbu on the kingdom’s Red Sea coast, according to two people familiar with the matter, who asked not to be identified because they aren’t authorized to speak to the media. It’s also reviewing a decision last year to buy 25% of Sempra Energy’s liquefied natural gas terminal in Texas — which would cost several billion dollars — and has already taken some staff off the project, according to a separate person..
The Shale Gas News sponsored by Linde Corporation
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