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USGS estimates 214 Tcf of natural gas in Appalachian basin formations

USGS estimates 214 Tcf of natural gas in Appalachian basin formations

The Marcellus shale and Point Pleasant-Utica shale formations of the Appalachian basin contain an estimated. Forest Service and Mount Hood National Forest, will install three new volcano. The Alaska North Slope contains an estimated 53.8 trillion cubic feet of natural gas hydrate resources. It technically recoverable continuous resources of natural gas, according to new USGS...

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USGS estimates 53.8 Tcf of natural gas hydrates in Alaska’s North Slope

USGS estimates 53.8 Tcf of natural gas hydrates in Alaska’s North Slope

The Alaska North Slope contains an estimated 53.8 trillion cubic feet of natural gas hydrate resources. As Hurricane Dorian gets closer to Florida, U.S. Geological Survey scientists have been in the field from Savannah. The U.S. Geological Survey has awarded more than $12.5 million to seven universities. Twenty-five middle school girls from Washington and Oregon...

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Equinor pledges to clean up Bahamas oil spill

Equinor pledges to clean up Bahamas oil spill

In the aftermath of Hurricane Dorian there are reports of widespread devastation across the Bahamas. Company consortium to develop the floating offshore wind project. Equinor has, on behalf of the partners of the Northern Lights project. Equinor says it will clean up the spills from the South Riding Point oil terminal. Equinor is launching a...

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DOE authorizes LNG exports of up to 1.53 Bcfd at Mississippi liquefaction project

DOE authorizes LNG exports of up to 1.53 Bcfd at Mississippi liquefaction project

The U.S. Department of Energy’s Office of Fossil Energy today issued an order to Gulf LNG liquefaction Company. The Department of Energy’s (DOE) Office of Science has selected 73 scientists from across the nation. Department of Energy (DOE) announced $14 million in funding for 10 university-led research projects. LLC (GLLC) approving exports of domestically produced...

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CNOOC China signs cooperation framework agreement with Sinopec Corp

CNOOC China signs cooperation framework agreement with Sinopec Corp

CNOOC China Limited has signed a Cooperation Framework agreement. CNOOC Limited unveiled plans to raise capital spending over the next two years. It exports of gasoline from China are set to surge, predicts Fitch Solutions Macro research. CNOOC Ltd had signed an agreement to jointly conduct exploration. Chinese offshore oil and gas company CNOOC Ltd...

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Callon Petroleum closes on $245-million Midland basin divestiture

Callon Petroleum closes on $245-million Midland basin divestiture

Callon Petroleum Company has announced that it closed on the previously announced divestiture of non-core assets. Callon Petroleum Company announced that senior management plans to participate in the upcoming investor event. Company also announced the launch of a new segment of its website dedicated to the Company’s sustainability practices. Company announced that it has declared...

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Texas producers experiment, pumping gas down wells amid glut

Texas producers experiment, pumping gas down wells amid glut

Texas drillers may have found a solution to the stubborn natural gas glut. It blocked another attempt to pass a long-overdue $19 billion disaster aid bill. A massive fire in the early hours of Tuesday gutted the historic Ambassador Hotel. The top three political leaders in Texas declared a big victory on last week. The...

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Gazprom Neft, Repsol and Shell to develop major exploration cluster on Gydan Peninsula

Gazprom Neft, Repsol and Shell to develop major exploration cluster on Gydan Peninsula

Gazprom Neft, Repsol and Shell have signed a memorandum of understanding at this year. A working meeting held between Alexey Miller, Chairman of the Gazprom Management Committee, and Joe Kaeser. The signing ceremony took place in the presence of Alexey Miller. Alexey Miller is the Chairman of the Gazprom Management Committee, and Ulf Heitmueller. The...

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NOVATEK creates JV in China with Sinopec and Gazprombank

NOVATEK creates JV in China with Sinopec and Gazprombank

PAO NOVATEK, Sinopec and Gazprombank signed Heads of Agreement on establishing a joint venture. China’s CNOOC has secured a 10 percent participation interest in Novatek’s second liquefied natural gas project. Novatek, Russia’s largest private gas producer. Cryogas-Vysotsk has commenced full-scale production of liquefied natural gas (LNG). Novatek has reportedly started to export liquefied natural gas...

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Natural gas beat coal in second biggest coal-producing state in U.S.

Natural gas beat coal in second biggest coal-producing state in U.S.

The U.S. has quietly passed another landmark in the transformation of U.S. energy production. BNamericas is presenting the first regional report on gas price formation. EIA’s less-than-expected inventory build barely makes the triple-digit mark. Natural gas bulls find stronger support after forecast models shifted warmer overnight in the 11-15 day. It expect for prices to...

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