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Texas is pumping naturalgas out of the ground and exporting it at a record pace. It may only be the start of another energy boom for the Lone Star State because naturalgas demand is growing both globally and at home. Texas produced 34.1
Shell and its partners have started up two subsea compressors to boost the recovery rate at the Ormen Lange naturalgas field in the Norwegian Sea, the UK-based supermajor, which operates the field, said on Friday. Shell expects the compression stations to raise the gas recovery rate to 85% from the current 75%.
Naturalgas prices have increased 93 percent over the last decade, while electricity costs have risen 65 percent. A new poll of registered Massachusetts voters shows they are fed up with the liberal policies of the Democrats running the state when it comes to the sky-high cost of energy. For many families, energy bills now.
Shell expects to have booked “significantly lower” trading and optimization results for the second quarter compared to the prior quarter, while it also slightly reduced the range of its naturalgas and LNG production for the April-June period.
As LNG Canada shipped its first LNG cargo from the newly completed facility in Kitimat, on the northwest coast of British Columbia, activity is ramping up on the East Coast especially offshore naturalgas.
The Shell-led LNG Canada project has produced the first liquefied naturalgas for export from its facility in Kitimat, British Columbia, two people familiar with the startup of the plant told Reuters on Sunday. “At 4 a.m. local time LNG Canada started producing its first LNG,” one of the sources told Reuters.
Naturalgas is one of the world’s most important energy resources—cleaner-burning than coal and oil, and a reliable source of heat, electricity, and industrial power. Let’s explore where naturalgas is found, both on a global scale and right here in the U.S. NaturalGas in the U.S.
When you flip a light switch or power up your laptop, you’re tapping into a massive network of energy production—and there’s a good chance naturalgas played a part. In fact, naturalgas is one of the leading sources of electricity in the United States. Why NaturalGas?
On June 18, FERC took several actions to remove regulatory obstacles and therefore speed up the construction of needed naturalgas infrastructure projects in the United States. Recent actions taken by the Federal Energy Regulatory Commission (FERC) appear to be quite significant, yet it has not received any media attention.
Naturalgas keeps the lights on, heats homes and fuels local jobs across the Philadelphia region. The bottom line is that naturalgas is essential to the very quality of our life. And naturalgas continues to deliver exactly that. Naturalgas has also been a key driver of environmental progress.
Canada could produce its first-ever liquefied naturalgas (LNG) for export from the Pacific coast as early as this weekend, according to industry sources familiar with project timelines cited by Reuters.
A few days ago, Russia offered to supply liquefied naturalgas to the United States’ neighbor, Mexico. Now it was offering to share its liquefied naturalgas technologies… Now it was offering to share its liquefied naturalgas technologies…
A major Pennsylvania coal-fired power plant, the largest coal-burning facility in the state before it was closed in 2023, may be converted to a naturalgas-fired station. Officials in Homer […] The post Largest Pennsylvania Coal-Fired Plant Will Convert to NaturalGas appeared first on POWER Magazine.
Europe has accelerated its purchases of liquefied naturalgas to refill its storage caverns for the winter, and once again, this has driven prices higher, sapping demand in Asia. Naturalgas in storage in the European Union is currently at 58.90% of capacity. This time last year, gas in storage was at 75.5%
Malaysia’s state energy firm Petronas on Monday said it has successfully shipped its first liquefied naturalgas (LNG) cargo to Japan from its newly operational LNG facility in Kitimat, Canada. Petronas has a 25% stake in the Kitimat LNG plant in British Columbia on Canada’s west coast.
Chinas biggest state-held energy firms are following the demand trends in the worlds top crude oil and naturalgas importer. But naturalgas demand is only going up, and its expected to continue growing for decades.
As early as 2020, the Chinese state-owned naturalgas giant Gas Holdings Ltd. was using artificial intelligence to more accurately predict complex and dynamic shifts in naturalgas demand.… As early as 2020, the Chinese state-owned naturalgas giant Gas Holdings Ltd.
Data centers and liquefied naturalgas exports are set to keep naturalgas demand in the United States at a record high this year and next, energy executives said at CERAweek. Infrastructure shortages, however, could make growth problematic.
The government of Cyprus has confirmed a new naturalgas discovery in the Pegasus-1 well located in Block 10, operated by ExxonMobil and its partner QatarEnergy. The well intersected approximately 350 meters of gas-bearing reservoir at a depth of 1.9 kilometers, according to government spokesperson Konstantinos Letymbiotis.
The theme of this years financial forum: naturalgas is fueling the moment, declared AGA VP, Membership and Strategic Development Edith Naegele at AGAs 2025 Financial Forum in Marco Island last week. Energy is nearly 7% of GDP, but it impacts 100%, said Lloyd Yates. Energy flows through everything.
India is looking to strengthen its domestic oil and gas exploration and supply with the biggest-ever acreage up for grabs under the Open Acreage Licensing Programme (OALP) Round X.
The post Stalinist NY Bill Would End NaturalGas for Homes and Businesses first appeared on Marcellus Drilling News. He established the totalitarian political system known as Stalinism, which forcibly purged society of what it saw as threats to itself and its brand of communism. We think Stalinism is an apt description.
The Kingdom, the world’s top crude oil exporter, wants to develop all forms of energy, diversify its economy from oil, and replace oil in power generation with renewables and naturalgas. Saudi Arabia seeks to raise its solar and wind power capacity with multi-billion-dollar deals.
Dominion Energy has asked Virginia officials to approve its request to build a new 1-GW naturalgas-fired power plant, as the company seeks to add more generation capacity to help serve surging demand from data centers. The post Dominion Seeks Virginia Approval for 1-GW Gas-Fired Power Plant appeared first on POWER Magazine.
Chesapeake Utilities Corporation, not to be confused with the former Chesapeake Energy Corporation (which is now Expand Energy), announced that its Ohio subsidiary, Aspire Energy Express, LLC, has entered into an agreement with American Electric Power (AEP) to construct and operate an intrastate naturalgas pipeline in central Ohio to feed Marcellus/Utica (..)
BP approved on Thursday the development of the Ginger naturalgas project offshore Trinidad and Tobago, which will be one of the ten major new projects that the UK supermajor promised to start up by 2027.
electricity networks, with power utilities focusing more on building out capacity from naturalgas plants and renewable energy sources. For years, battery systems have only played a marginal role in U.S.
Qatar is set to supply Syria with naturalgas via Jordan with Washington's approval, Reuters has reported. The gas would be transferred from Jordan via a pipeline to the Deir Ali power plant in southern Syria, where it could boost power supply by up to 400 megawatts.
Europes benchmark naturalgas prices rose early on Thursday as the maintenance season on gas infrastructure in Norway, the top supplier to Europe, began. Dutch TTF NaturalGas Futures, the benchmark for Europes gas trading, were rising by 2% as of 12:15 p.m. Amsterdam time on Thursday.
An India-based company said it has started commercial operation of a 1,200-MW naturalgas-fired power plant in Malaysia, part of a buildout of power generation capacity as that country's population grows and its economy expands. GW Gas-Fired Plant in Malaysia appeared first on POWER Magazine.
As the European Union seeks to end its dependency on Russian energy, the European Commission is set to propose this week a ban on new contracts for naturalgas supply with Russia on the basis of trade law, which needs a majority vote approval instead of a unanimous EU call. Hungary and…
Russia could use its excess naturalgas to power AI data centers or crypto mining operations, Russian officials have said, as Moscow’s pipeline gas exports to Europe have collapsed and led to an oversupply at home.
Image by Yutthana Gaetgeaw via iStock According to the Energy Institute’s (EI) latest statistical review of world energy, which was released recently, the world’s top naturalgas producer last year was the United States. exajoules of naturalgas in 2024, which represented a yearly reduction of 0.3 produced 37.19
Saudi Aramco is in advanced talks to acquire 2 million tonnes per annum (Mtpa) of liquefied naturalgas (LNG) from the U.S.-based based Commonwealth LNG terminal in Cameron, Louisiana, according to an exclusive Reuters reported on Wednesday.
1 naturalgas project in the South China Sea, boosting domestic output by 4.5 The project, China’s largest deepwater gas development to date, officially reached full capacity on June 26, according to CNOOC officials cited by China Daily. billion cubic meters (bcm) per year.
Equinor has made a gas discovery close to its Johan Castberg oilfield in the Barents Sea and will assess a potential tie-in to the now fully operational Arctic field.
The first cargo of liquefied naturalgas has left Canada’s only export facility, LNG Canada, operator Shell said, adding the main market for its Canadian LNG will be Asia. That capacity is expected to redirect a portion of Canadian gas exports—currently flowing almost entirely to the U.S.
We’ve covered several recent sales of existing gas-fired power plants in the Marcellus/Utica region (and beyond). Here’s another one: investment firm Strategic Value Partners, LLC (SVP) announced yesterday that it’s acquiring Red Oak Power, an 831-megawatt naturalgas-fired combined-cycle generation facility.
In yesterday’s MDN post about the spike in the NYMEX futures price for naturalgas, MDN told you that traders were targeting the next significant trading target to be $3.84/MMBtu MMBtu (see Hot Weather Forecast Prompts NYMEX to Close Up 17 Cents @ $3.75). And guess what? We hit it yesterday, closing at $3.851/MMBtu (up 10.3.
Naturalgas is a reliable partner in this care, helping keep costs lower and treatment available for those living with chronic disease. Energy Information Administration (EIA) show that 74% of hospitals use naturalgas for space heating, and 80% of hospitals use naturalgas for water heating.
But a new breakthrough in hydrogen harvesting could put the sector back on track for major industry disruption. Green hydrogen is lauded as a potential game-changer for clean energy because it can be combusted at high heat like fossil fuels to power sectors like steelmaking, shipping, and transport.
Energy Generation by Source, 1950–2024 As seen in the video above, naturalgas has experienced the most significant growth—rising from just 6.2 Energy Information Administration to illustrate how the country’s energy generation landscape has evolved since 1950. quadrillion BTUs in 1950 to 39.2
Russia expects its naturalgas exports, including via pipeline and LNG, to jump twofold by 2030 and threefold to 2050 under its new long-term energy strategy approved by the government on Monday.
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