Consolidated Edison Gets Approval for Natural Gas Demand Response Pilot Program
Source: U.S. Energy Information Administration, Natural Gas Monthly In August 2018, the New York Public Service Commission approved a petition by Consolidated Edison Company of New York, Inc. (Con Edison) for a $5 million, three-year natural gas demand response pilot program, one of the ...U.S. Natural Gas Pipeline Exports Increase With Commissioning of New Pipelines in Mexico
Source: U.S. Energy Information Administration, Natural Gas Monthly , and Federal Energy Regulatory Commission U.S. natural gas pipeline exports to Mexico have been increasing following expansions of cross-border pipeline capacity . These exports averaged 4.2 billion cubic feet per day ...BHP Results for the Year Ended 30 June 2018
Following BHP's sale of the Onshore US assets, as announced on 27 July 2018, the contribution of these assets has been presented in this report as discontinued operations and related assets and liabilities reclassified as held for sale. Safety and sustainability: Our highest priority Tragi ...Summer Natural Gas Price Spreads Between Henry Hub and Appalachian Region Have Narrowed
Source: U.S. Energy Information Administration, based on Natural Gas Intelligence Over the past decade, natural gas production in the Appalachian region has grown faster than capacity to move the gas into U.S. markets, pushing down local prices. More recently, pipeline infrastructure from App ...Why Four Experts Like this Small Cap Oklahoma STACK Play
The STACK oil and gas play in Oklahoma has caught the attention of the world's largest energy company, among many other large-cap producers, but investors can also find opportunity with a small-cap active in the area. While oil plays like the Permian Basin and the Bakken Formation have been ...U.S. Fuel Ethanol Production Capacity Continues to Increase
Source: U.S. Energy Information Administration, U.S. Fuel Ethanol Plant Production Capacity Fuel ethanol production capacity in the United States reached more than 16 billion gallons per year, or 1.06 million barrels per day (b/d), at the beginning of 2018, according to EIA's most recent ...Coke, Meth And Booze: The Flip Side Of The Permian Oil Boom
By Tsvetana Paraskova for Oilprice.com The fastest-growing oil region in the U.S. is fueling not only the second American shale revolution—it's fueling a subculture of drug and alcohol abuse among oil field workers. The Permian shale play in West Texas is once again booming with drilling and i ...In 2016, U.S. Energy Expenditures Per Unit GDP Were the Lowest Since at Least 1970
Source: U.S. Energy Information Administration, Monthly Energy Review and State Energy Data System U.S. energy expenditures declined for the fifth consecutive year, reaching $1.0 trillion in 2016, a 9% decrease in real terms from 2015. Adjusted for inflation, total energy expenditures ...U.S. Distillate Fuel Inventories are Low for this Time of Year
Source: U.S. Energy Information Administration, Petroleum Supply Monthly and Short-Term Energy Outlook Inventories of distillate fuel, a category that includes both diesel and home heating oil, were 117.7 million barrels at the end of June, the lowest end-of-June level since 2004. Dist ...Strong Dollar Could Cap Oil Prices
By Irina Slav for Oilprice.com The strength of the U.S. dollar poses an obstacle to further gains in oil prices. President Trump's trade war with China, which is still in its early stages, has already battered the yuan. The dollar has gained more than 8 percent against the Chinese currency sinc ...Chevron Reports Second Quarter Net Income of $3.4 Billion
Chevron Reports Second Quarter Net Income of $3.4 Billion Second quarter cash flow from operations $6.9 billion; $11.9 billion for six months Announces share repurchases, targeted at $3 billion per year Starts up fifth LNG train in Australia San Ramon, Calif., July 27, 2018 – C ...BHP: Sale of Onshore US Assets
BHP today announced that it has entered into agreements for the sale of its entire interests in the Eagle Ford, Haynesville, Permian and Fayetteville Onshore US oil and gas assets for a combined base consideration of US$10.8 billion, payable in cash. BP American Production Company, a wholly owned ...ExxonMobil Starts Up New Ethane Cracker in Baytown, Texas
New 1.5 million ton-per-year cracker to supply company's expanded plastics plant in Mont Belvieu Together, projects represent company's largest chemical investment in the U.S. to date Have created thousands of jobs and will energize regional economy ExxonMobil said today that operations have ...Petsec Energy Announces Contracting of Drilling Rig for Main Pass 270 B-2 Well
Petsec Energy Announces Contracting of Drilling Rig for Main Pass 270 B-2 Appraisal/Development Well on the Hummer Gas/Oil Field, Gulf of Mexico, USA. Petsec Energy (the “Company”) is pleased to advise that the operator has contracted the Ensco 68 Jackup drilling rig to drill the Main Pass ...Petro River Discovers Largest Oil Field in Company History
Petro River Oil Corp ( PTRC ) (“Petro River” or the “Company”), an independent oil and gas exploration company that utilizes 3D seismic technology to discover and develop oil and gas reserves in proven oil and gas basins announced today the discovery of its largest oil field with the successful dril ...
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