March 19, 2010
Coal Giant Consol Is Latest to Buy Gas | online.wsj.com
Kris Maher and Ben Classelman reported in WSJ 16-March, Page B1 that coal giant Consol Energy Inc. acquired Dominion Resources Inc.'s natural gas business for about $3.5 billion. Consol is the fourth largest U.S coal producer.
Helium too Valuable to let Congress control Prices - Let the Global Market Work
February 27, 2010
Worries Balloon Over Helium Reserve | online.wsj.com
The US considered before world war II Helium to be a strategic commodity not to be sold to any foe such as Germany. The Hindenburg disaster was one result on US territory. During the cold war helium became even more important for advanced defense systemsHelium was stored - and is still stored - in the Bush Dome (nonpresidential) - in Texas. Now the government wants to get out of the helium business and shut down the helium storage facility. What a disaster for the leading helium producer in the world.
Renewable Subsidies Destroy Refinery Margins
February 3, 2010
Depressed Refining Margins Hit BP | online.wsj.com
WSJ article by Guy Chazan and James Herron summarize the loss of downstream margins by all of our major oil & gas companies, including and highlighting BP. Now the margin - difference between sales price of end product and barrel of crude - is down to 4 cents/gallon of gasoline being sold.
February 2, 2010
Exxon Dives Deep Into High-Risk Exploration | online.wsj.com
WSJ today admires Exxon for high-risk exploration around all of the globe, including the Arctic. Exxon is ahead of their competitors in real investment.
LNG Exports from North America - Import/Export Terminals on the Gulf Coast
February 1, 2010
Kitimat LNG to be majority owned, operated by Apache unit | www.ogj.com
Kitimat LNG Inc. is proceeding with a 700 MMSCFD or 5.4 million tonnes per year LNG export terminal that was initially projected as an import terminal of Alaskan LNG. Export of new LNG from NA may become a reality.
January 29, 2010
Valero Backs Off as Oil Refining Turns Sour | online.wsj.com
Valero Energy is trying to selling as many refineries as possible as oil refining turns sour. One of the larger refineries on the block is the Delaware refinery of 210,000 bbl/d capacity.
January 21, 2010
Gases Firms Develop Next-Generation Green Products, Plug into CCS | www.chemweek.com
The leading industrial gas companies like Linde, L'Air Liquide, Air Products and Praxair are jumping on a possible $90 billion CCS (carbon capture sequestration) opportunity due to government GHH regulations all over the world.
Refinery Business under Margin Squeeze - Job Cuts
January 21, 2010
Chevron to Cut Refining Jobs | online.wsj.com
Chevron today announced in WSJ to plan to reduce downstream refining jobs and related markets due to unacceptable low refining margins in the present economic and regulatory environment..
Navistar Hedges its Emissions Bet with Amminex
January 8, 2010
Navistar Invests in Ammonia-Based Emissions Technology | www.truckinginfo.com
Having spurned Urea SCR for 2010 EPA NOx standards Navistar now sees a need to field a competitive solution beyond its EGR strategy.
LNG Contracts Harder to Finalize
January 5, 2010
Woodside Loses PetroChina Deal | online.wsj.com
Petrochina Co. let their agreement expire for 0.38 bcfd ( 3 mta) of LNG from Woodside Petroleum Ltd. and it's partners Chevron Corp., BHP Bilton Ltd., BP PLC and Royal Dutch Shell PLC. The LNG would have been delivered from the Browse field in the Indian Ocean North West of Northern Australia.
Shale gas abundance provides new options for energy companies
February 13, 2012
Chesapeake Energy bites the natural gas bullet
January 25, 2012
Flurry of newbuild drilling rig deliveries in 2012 may dampen rig rates
January 20, 2012
Talisman joins the ranks of cautious E&P companies
January 12, 2012
Early signs of caution begin to cloud frontier exploration and production
January 4, 2012