Daily Archives: October 27, 2015

How Long Can OPEC Hold Out?

Article Abstract: As oil prices are now hovering around $45 per barrel, the entire oil and gas industry is looking forward to the next OPEC meeting, due to be held on December 4 this year in Vienna. On October 14, non- OPEC member Mexico confirmed its participation in a technical meeting organized by the cartel…

NatGas Glut Mirrors The Problems Facing Oil Markets

Article Abstract: Natural gas prices have fallen to their lowest levels in three years, plummeting by more than 10 percent on October 26.The balance of natural gas supply and demand typically goes through seasonal fluctuations, with inventories building during the summer months in North America as surplus production is diverted into storage. Then in winter…

U.S. Shale Lifelines Running Thin

Article Abstract: As the world heads towards the start of the winter fuel oil season, crude prices still show little sign of a sustained upward move. Instead, oil seems to be trapped in a new “normal” range of around $40 to $55 a barrel. Shale oil producers have done a remarkable job in adjusting to…

Duke Energy To Expand Gas Business With $4.9 Billion Purchase

Article Abstract: The U.S. power-generating giant Duke Energy Corp. (DUK) will add about 1 million gas customers to the 7.3 million it already serves once it closes an all-cash deal to buy its neighbor in Charlotte, N.C., Piedmont Natural Gas Co. (PNY), for $4.9 billion.Duke said Oct. 26 that it will pay $60 per share…

Petrobras Sells Stake In Gas Unit To Reduce Debt

Article Abstract: Petroleo Brasileiro, or Petrobras, Brazil’s state-controlled oil company, will sell its minority share in a gas distribution concern to the Japanese petrochemical trading firm Mitsui & Co. for $490 million as a step towards paying off its huge debt.Mitsui Gas e Energia do Brasil will buy Petrobras’ 49 percent stake in Gaspetro of…

New EPA rule would require natural gas processing plants to report toxic emissions – StateImpact Pennsylvania

Article Abstract: StateImpact Pennsylvania New EPA rule would require natural gas processing plants to report toxic emissionsStateImpact PennsylvaniaIn a letter to the environmental groups, EPA Administrator Gina McCarthy said the addition of natural gas processing plants to the TRI would “meaningfully” increase the information available to the public about the plants’ emissions. She said the…

Woodfibre LNG clears hurdle, but faces many more – Alaska Highway News

Article Abstract: Vancouver Sun Woodfibre LNG clears hurdle, but faces many moreAlaska Highway NewsThese changes included reducing the construction area and land disturbance by making use of an existing industrial site, reducing underwater noise and vibration by shifting to a land based facility and limiting LNG carrier speeds to reduce the effects …Woodfibre LNG plan…

BP’s oil price optimism may prove to be misplaced

Article Abstract: The current oil price downturn has lasted only 18 months so far, and with no signs of life improving, it feels like there is a lot more pain to come from Oil and Gas news: BP Oil Spill, oil and gas prices. Click Here To Read Full Article Visit Oil and Gas news:…