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Study: Natural Gas Use Slashes Air Emissions

co2 pollutionA new report by researchers at the National Oceanic and Atmospheric Administration (NOAA) finds that, thanks to the increased use of natural gas over the last decade, there have been “significant reductions in the emissions of CO2, NOx and SO2.” [NOx = nitrogen oxides; SO2 = sulfur dioxide]

Just how much of a difference has natural gas made?  According to the report:

  • “As a result of the increased use of natural gas, Co2 emissions from U.S. fossil-fuel power plants were 23% lower in 2012 than they would have been” without that increase in natural gas use.
  • “The increased use of natural gas has…led to emissions reductions of NOx (40%) and SO2 (44%).”
  • “Further reductions in these emissions can follow by converting a larger fraction of U.S. electric power production to natural gas, and by ensuring that all natural gas power plants are equipped with the latest combined cycle technology.”

Read more: http://www.northcentralpa.com/feeditem/2014-01-15_study-natural-gas-use-slashes-air-emissions

 
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Saudi’s SABIC Expects To Enter US Shale Market This Year

plant2By Reuters

SABIC CEO Mohamed al-Mady said the investment would be in downstream operations.

Saudi Basic Industries (SABIC) is in talks with several US firms to invest in the US shale gas industry, and expects to enter the market this year, chief executive Mohamed al-Mady said on Wednesday.“We’re currently in talks with a few big names in the US for investment in shale gas. We expect to enter the market sometime this year. This will be great for SABIC and will globalise our operations,” he said.Mady, speaking to Reuters at the World Economic Forum in Davos, later said the investment would be in downstream operations. He did not elaborate on the size or type of U.S. shale gas operations that SABIC was contemplating, or reveal its potential partners.Last year Mady said SABIC, one of the world’s biggest petrochemical producers, planned to build a shale gas cracker in the United States.Read more:  http://gulfbusiness.com/2014/01/saudis-sabic-expects-enter-us-shale-market-year/#.UuwQ0rl3uM8 

 
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CONSOL Energy Inc. Is Ready to Turn on the Gas

Consol_logo_2011_304by Matt DiLallo, The Motley Fool

For the past three years, CONSOL Energy kept its natural gas production rather flat. It couldn’t decided whether to focus on growing its gas and coal business. That will change this year as it invests more than $1 billion to push its gas production up by 30%. That is a growth rate that the company plans on keeping at least through 2016.

The decision to transition from a diversified natural gas and coal producer to a natural gas growth company wasn’t an easy one to make. However, with the sale of some of its legacy coal assets in West Virginia, CONSOL Energy chose to become a natural gas growth company. Now, with the release of its 2014 capital spending plans, we have greater detail on how it plans to achieve that gas-fueled growth.

The mighty Marcellus
Most of CONSOL’s capital will be spent in the Marcellus Shale in 2014. About $410 million will be spent on the liquids-rich portion of the play while another $415 million will be spent in the dry gas areas. It is also important to note that the company has a joint venture with Noble Energy, in the Marcellus. Because of this, CONSOL might see $220 million coming back to it as part of the drilling carry it has with Noble Energy. That carry is currently suspended due to low natural gas prices. However, as prices picked up, it’s possible that the company will earn that carry in 2014.

Read more: http://www.dailyfinance.com/2014/01/22/consol-energy-inc-is-ready-to-turn-on-the-gas/

 
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The shale revolution: Texas’ export turnaround spreads to rest of U.S.

exportBy: 

Rising exports are lifting the U.S. economy, and the feeling should be familiar. Texas has been riding an export wave for a decade.

January, the Commerce Department reported that U.S. exports hit a record high in November, cutting the trade deficit to its lowest level since 2009. The strong gains prompted economists to predict higher growth for the nation and more momentum for expansion.

No surprise that the oil and gas boom was a key contributor.

America exported $13.3 billion worth of petroleum products in November. That’s 23 percent more than a year earlier and almost three times as much as in 2009.

At the same time, we’re importing less oil, in part because cars are more efficient. Petroleum imports in November declined 15 percent, following a double-digit drop the year before.

In 2005, the U.S. was a big net importer of petroleum products. By 2013, the U.S. had flipped the trend and was an even bigger net exporter, according to a presentation by Valero Energy Corp. in San Antonio.

Read more: http://www.dallasnews.com/business/columnists/mitchell-schnurman/20140120-texas-export-boom-spreads-to-u.s..ece

 
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Blue Racer gas plant to double size when reopened

blue streamBy CASEY JUNKINS

NATRIUM – High demand for Utica and Marcellus shale ethane, propane, butane and other natural gas liquids is driving Blue Racer Midstream to double the size of its Marshall County processing plant along the Ohio River.

The facility, which recently reopened after it closed in the aftermath of a Sept. 21 fire, will grow its processing capacity from 200 million cubic feet per day to 400 million cubic feet per day. Blue Racer also plans to soon begin shipping NGL via river barge, which company officials said will supplement their current modes of rail, truck and pipeline transportation.

With the expansion set for a spring completion, Blue Racer will process gas for Chesapeake Energy, Total North America, Eclipse Resources, Hess Corp., Consol Energy, EnerVest, Rex Energy and PDC Energy.

 

Read more: http://www.heraldstaronline.com/page/content.detail/id/594933/Blue-Racer-gas-plant-to-double-size-when-reopened.html?nav=5010#sthash.GIO3tw7B.dpuf

 
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