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Tag Archives: natural gas
Massachusetts Gas Explosions Draw Scrutiny of Natural Gas Safety and Climate Risks
Massachusetts Gas Explosions Draw Scrutiny of Natural Gas Safety and Climate Risks A quiet, sunny afternoon in New England quickly turned to chaos and tragedy as a series of 80 fires and explosions erupted across three communities in the Merrimack Valley north of Boston on September 13. Extreme overpressure in a Columbia Gas distribution system […]
Hurricane Michael Shuts In 40% Of Gulf Of Mexico Oil Production
Hurricane Michael Shuts In 40% Of Gulf Of Mexico Oil Production Roughly 40 percent of the Gulf of Mexico’s oil production and 28 percent of its natural gas production was shut down as of Tuesday, as the region braced for a powerful hurricane to make landfall. At least 75 platforms were evacuated, according to Reuters, […]
Prices Soar As Natural Gas Inventories Hit Decade Low
Prices Soar As Natural Gas Inventories Hit Decade Low Natural gas prices have spiked over the last few weeks as U.S. inventories run low ahead of the peak winter heating season. Nymex natural gas prices have jumped nearly 15 percent over the past month, rising to roughly $3.30 per million Btu (MMBtu). The market has […]
Déjà vu: the gas conflict around Cyprus is getting worse
Déjà vu: the gas conflict around Cyprus is getting worse In early October, the Cypriot government invited tenders for gas extraction in Block 7.1)Ankara believes that this step impairs the interests of both Turkey and the Turkish Cypriots and announced that remedial measures will be taken, which might entail an escalation of tensions in this […]
Europe Prepares For Natural Gas Price Hike
Europe Prepares For Natural Gas Price Hike Europe’s natural gas and electricity markets are heading into the winter heating season with prices at record highs amid various supply outages in already tight markets and uncertainty over how much flexibility in gas and power generation there will be. Forward prices for natural gas are factoring in […]
Methane and climate: 10 things you should know
Methane and climate: 10 things you should know The graph above shows methane concentrations in Earth’s atmosphere over the past 10,000+ years: 8000 BCE to 2018 CE. The units are parts per billion (ppb). The year 1800 is marked with a circle. Note the ominous spike. As a result of increasing human-caused emissions, atmospheric methane […]
Europe’s Natural Gas Prices Surge To Record For Summer Season
Europe’s Natural Gas Prices Surge To Record For Summer Season Europe’s natural gas market is the most bullish it has been in years, as higher-than-expected summer demand and a tighter market drive natural gas price futures to levels last seen during this past winter’s supply crunch and to the highest for a summer season. Natural […]
What If There Isn’t Enough Energy Going Forward?
Nuttapong/Shutterstock What If There Isn’t Enough Energy Going Forward? We’ll be forced to live with less. Maybe a LOT less. Currently the media is breathlessly cheering the record amounts of US oil production. Stories like this one get top billing on major news websites: Texas Gulf Coast exports more oil than it imports for the […]
The U.S. Remains The Natural Gas King
The U.S. Remains The Natural Gas King Data from the 2018 BP Statistical Review of World Energy show that last year the U.S. maintained a healthy lead as the global natural gas powerhouse. In 2017, the U.S. produced an average of 71.1 billion cubic feet per day (Bcf/d) of natural gas. That’s a 1.0 percent increase from 2016 production, but not […]
Trump Firmly In the Twilight Zone: Threatens Nord Stream 2 With Sanctions
Trump Firmly In the Twilight Zone: Threatens Nord Stream 2 With Sanctions Trump’s vise on the EU started with steel, progressed to cars, then to Iran, and now to a gas pipeline vital to the EU. The story of the day, not discussed in mainstream media, involves Nord Stream 2, a gas pipeline between Russia […]
A Storm Is Brewing In The Southern Gas Corridor
A Storm Is Brewing In The Southern Gas Corridor No fewer than Turkish President Recep Tayyip Erdogan, Azerbaijani President Ilham Aliyev, Serbian President Aleksandar Vucic, Ukrainian President Petro Poroshenko and Turkish Cypriot President Mustafa Akinci attended a gathering in Central Turkey on 12 June. The amount and variety of attendees of this meeting reveal a […]
What Will Follow The Age Of Oil?
What Will Follow The Age Of Oil? U.S. natural gas production will increase by 10 percent this year alone and by as much as 60 percent by 2037, a new report from IHS Markit has forecast. The market research company is extremely upbeat about U.S. gas because of the shale gas revolution, seeing the country […]
Australia Looks To Tackle Its Looming Gas Shortage
Australia Looks To Tackle Its Looming Gas Shortage In a strange about-face for the world’s soon to be top liquified natural gas (LNG) exporter, Australia is now considering importing the fuel. On Monday, ExxonMobil, Australia’s top gas supplier, said it is considering importing the super-cooled fuel to help offset an anticipated gas shortage from 2021 […]
