Natural Gas Archives

New CER report explores Canada’s oil and gas pipeline system

June 10, 2021 Stu Turley

Today, the Canada Energy Regulator (CER) released a report explaining the economics and market dynamics for the more than 73,000 kilometres of pipelines it regulates. The report, Canada’s Pipeline System 2021: Economics of CER-Regulated Infrastructure, provides […]

Woodside Petroleum is in the final stages of working out costs on its Scarborough gas and Pluto LNG expansion project, as it faces rising labor and steel costs, the company’s boss said on Tuesday. The Scarborough development offshore Western Australia will feed an expansion of Woodside’s Pluto LNG (liquefied natural gas) plant, with the combined project previously estimated at $11.4 billion. Acting CEO Meg O’Neill, who took the reins in April, said the company is facing skyrocketing steel prices for a project where raw steel costs amount to 10% or 15% of total costs, and acknowledged that there is tight competition for workers amid a mining boom in Western Australia. At the same time, she said Woodside had been able to work out some cost savings in the project design with its contractors after putting it on hold last year, when oil and gas prices crashed amid the COVID-19 pandemic. “It’s probably too early to say, but there’s some cost pressures on the ledger, there’s some cost savings on the ledger and as soon as we have those updated bids from our contractors, we’ll be communicating with our shareholders,” O’Neill said at Credit Suisse’s 8th Australian energy conference. The Scarborough and Pluto LNG expansion project is the company’s only big growth option in the near term. Woodside is targeting a final investment decision with its partner BHP Group within the next six months. The Western Australian government said on Tuesday it had approved Woodside’s plan to cut emissions from the Pluto LNG project by 30% by 2030 and reach net zero by 2050, which the state’s environment minister said represented a sharp reduction in emissions from levels approved in 2007. The gas industry two years ago fought to block a proposal by the state’s environment regulator that would have required all new projects with carbon emissions of more than 100,000 tonnes to fully offset their emissions. Source - www.oedigital.com

Woodside Faces Cost Increase at $11B Scarborough Gas Project

June 10, 2021 Stu Turley

Woodside Petroleum is in the final stages of working out costs on its Scarborough gas and Pluto LNG expansion project, as it faces rising labor and steel costs, the company’s boss said on Tuesday. The […]

IEA Stock Release And Opec+ Modest Increase Fail To Halt Oil/Gas Price Rally

Electric power sector CO2 emissions drop as generation mix shifts from coal to natural gas

June 9, 2021 Andy Del Prado

Source: U.S. Energy Information Administration, Power Plant Operations Report Over the past 15 years, the U.S. electricity generation mix has shifted away from coal and toward natural gas and renewables, resulting in lower CO2 emissions from electricity generation. […]

New infrastructure connects West Texas natural gas-producing areas to demand markets

June 8, 2021 Andy Del Prado

Source: U.S. Energy Information Administration Recently completed pipeline projects in Texas and Mexico have increased natural gas transportation capacity from the Waha Hub—located near Permian Basin production activities in West Texas—to the U.S. Gulf Coast and Mexico. Since […]

Turkish President Tayyip Erdogan - Enegynewsbeat

Turkey’s Erdogan expected to announce new gas find in Black Sea -Anadolu

June 5, 2021 Stu Turley

Turkish President Tayyip Erdogan is expected to announce a new gas discovery in the Black Sea on Friday, state-owned Anadolu news agency reported late on Thursday. In an interview with state broadcaster TRT Haber on Tuesday, Erdogan said he would announce “good news” […]

Putin Says That First Line Of Nord Stream 2 Is Now Complete -Tanks a lot

June 5, 2021 Stu Turley

Russian President Vladimir Putin has announced that laying the pipes for the first of two lines of the prospective Nord Stream 2 pipeline to Germany has now been “successfully completed.” Addressing an economic forum in […]

Plunging Payouts on Top U.S. Power Grid Slam Coal, Nuclear

June 3, 2021 Tracey Woods

Coal plants, nuclear reactors and other generators will take a hit next year on the biggest U.S. power grid as payments designed to ensure the lights remain on from New Jersey to Illinois plunge 64%. […]

U.S. natural gas storage capacity has remained flat over the past eight years

June 3, 2021 Andy Del Prado

Source: U.S. Energy Information Administration, Natural Gas Monthly and Underground Natural Gas Working Storage Capacity Underground natural gas working storage capacity in the Lower 48 states has remained relatively flat since 2012. We measure natural gas working storage capacity […]

From Bear Country – The Energy News Beat Podcast Interview With Mudrock Energy

June 2, 2021 Stu Turley

Check out the Mudrock Energy Website: Mudrockenergy.com. The data services that Mudrock Energy is fantastic. We have had the plesure of working with David on projects, and highly recommend his data team. Today […]

Merkel Sends Team to U.S. to Discuss Nord Stream, Funke Says

May 31, 2021 Stu Turley

German Chancellor Angela Merkel is sending a high-ranking negotiating team to Washington this week to discuss the controversial Nord Stream 2 pipeline project, Funke media group reported. The delegation, led by the chancellor’s foreign policy […]