Energy Tomorrow Blog
Posted December 9, 2014
The Hill: Methane leaks from natural gas drilling and production have fallen from the last estimate more than a year ago, according to a study sponsored by the industry and an environmental group.
Leaks of methane, the main component of natural gas, now represent 0.38 percent of production volumes, according to the study released Tuesday.
That is 10 percent lower than what the same University of Texas research team found in September 2013. Methane is a greenhouse has about 20 times more potent than carbon dioxide.
“Study after study shows that industry-led efforts to reduce emissions through investments in new technologies and equipment are paying off,” Howard Feldman, director of regulatory and scientific affairs at the American Petroleum Institute, said in a statement.
“This latest study shows that methane emissions are a fraction of estimates from just a few years ago,” he said.
Posted November 12, 2014
See video below of Thursday's event, hosted by The Hill newspaper, that featured discussion of the energy policy issues that are likely to be front and center in the new Congress, which will have a new Senate majority.
Discussion focused on what’s next in the energy sector – from industry in terms of innovation and other advancements that affect energy development, and from Washington policymakers on Capitol Hill and within the administration.
Posted November 12, 2014
Newly published API recommended practices for offshore structures supporting oil and natural gas drilling and production operations – reflecting technological advances and updated design applications – can help improve planning, construction and maintenance of important energy infrastructure. They are intended to work together to enhance the approach to offshore structural design.
Posted September 16, 2014
Steve LeVine (Quartz): Oil prices continue to plunge today despite the beheading of another western hostage by the Islamic State, tensions between Russia and the West, and mayhem in Libya. As Quartz has reported, one of the main reasons is surging US oil production, which has made up for supply disruption almost barrel for barrel—and is also a bad sign for the leaders of petrostates.
Now we have an estimate of where oil prices might have been absent the American oil boom—a sobering $150 a barrel, former BP CEO Tony Hayward told the Financial Times (paywall).
That’s 55% higher than the current benchmark price of $96.27 that was trading in Asia this morning. If Hayward’s number is right, it means that the US boom is saving the global economy about $4.9 billion a day in oil spending.
Posted August 18, 2014
Albuquerque Journal (Former Sen. Pete Domenici): America has been handed a great gift, the gift of technological breakthroughs like horizontal drilling and hydraulic fracturing for oils and natural gas.
This gift, if we handle it properly, has the potential not only to free our nation from being hostage to other nations, but to allow Europe and other regions to free themselves from the tyranny of dependence on Russian sources of oil and gas.
Think how much differently our allies in Europe would behave in this time of crisis if they had the infrastructure, and the access, to handle natural gas and oil from America, Canada and Mexico.
New Mexico has played an important, I would say critical, role in this potential geopolitical and economic revolution.
Posted August 5, 2014
Wall Street Journal (Thomas Tunstall): The unexpected increase in the production of shale oil, a light oil called condensate and natural gas in the U.S. has upended many assumptions about the U.S. energy market. As the oil and gas bonanza continues, the U.S. ban on crude-oil exports looks increasingly outdated, arbitrary and economically damaging. With Europe poised to endanger its gas supply by imposing more sanctions on its major supplier Russia, the possibility of energy exports from America takes on an important security dimension too.
Thanks to fracking and other unconventional shale-extraction technology, natural gas is the biggest energy story in the U.S. now. In the early 2000s, natural-gas pipeline companies—such as Cheniere and Freeport LNG—spent billions on import facilities as U.S. production decreased, to less than 19 trillion cubic feet in 2005 from roughly 22 trillion cubic feet in 1970.
Since 2006, however, natural-gas production in the U.S. has soared. The U.S. now produces more than 25 trillion cubic feet of natural gas a year, the most in the country's more than 100-year history of gas exploration and production. As a result, billions of dollars are now being invested to convert many of the facilities designed to receive imported gas into export facilities.
Posted July 21, 2014
The recent International Oil Spill Conference (IOSC) in Savannah, Ga., underscored the oil and natural gas industry’s continuing commitment to safe energy development – using new technologies and deployed expertise to quickly and appropriately respond in the event of an accidental spill.
Below, check out a new video featuring conference attendees, talking about IOSC’s valuable role in bringing together experts, service providers and government officials in the broad effort to keep improving the safety of offshore oil and natural gas development.
Posted June 23, 2014
Posted May 27, 2014
Pittsburgh Post-Gazette: Mark D. Caskey, president of Steel Nation Steel Buildings, a Washington County company that constructs gas compression stations for energy companies, is no stranger to having doors slammed in his face.
In fact, when he pitched the idea to build such stations to energy companies six years ago, that’s all that happened.
“We tried to talk to every big midstream company, trying to get our foot in the door,” Mr. Caskey said. “We’d knock on their door, they’d meet with us and they’d say, listen, ’You’ve never built a gas compression building before. We’re not going to be your guinea pig.’”
Gas compression stations, he explained, gather gas from wells. They also separate and cool the gas before transporting it to major transmission lines.
In 2008 when Steel Nation opened, the company focused on building prep plants that wash and separate coal for coal companies.
But after a friend from oil and gas company Range Resources took him to a drill site, Mr. Caskey realized he could take his talents to the natural gas industry.
Posted May 12, 2014
But over the past four years, Vitale and Van Blarcom have come to live in different economic worlds.
Vitale’s Organic Farm, located in New York’s Steuben County and beset by what its owner calls high taxes and a regulation-happy state government, has shrunk in size by almost 30 percent. He’s had to sell off land to stay afloat – and it wouldn’t have happened, he said, if the state had let him cash in on the riches buried thousands of feet beneath his property.