Posted March 31, 2015
Posted February 26, 2015
Posted February 6, 2015
Posted January 22, 2015
The Bakken Magazine: “Do not pass Go. Do not collect $200.”
This is the dreaded phrase on the “Go to Jail Card” that you’ve likely drawn, or at least heard of, when playing the game of Monopoly. Drawing this card is an all-around bummer. You lose a chance at scooping up valuable property before others do, you don’t get to collect $200 that you might need to purchase property, and it increases the chance that you lose the game. But at least it’s just a game. Right?
Wrong. What many people probably don’t realize is that we’re in a real-life game similar to Monopoly, but this one is focused on the global oil market, not property. And, it just so happens that we’re stuck holding the “Do not pass Go” card.
Posted December 4, 2014
National Journal: World oil producers have put oil prices into a free fall, refusing to pare back global supplies in the hopes that low prices will derail the fracking-backed production boom in the U.S. and preserve OPEC's power over world energy markets.
But global analysts are skeptical that the move will work.
The basic reason: Prices remain high enough to keep pumping. "Looking out there, it seems like there's a huge amount of oil that can be produced at $60, $70 per barrel," said Michael Lynch, president of consulting firm Strategic Energy and Economic Research, referring to the prices for Brent crude oil, a global reference point.
Posted December 3, 2014
New Orleans Times-Picayune: After more than a decade of work and a $7.5 billion investment, Chevron has started oil and gas production at its Jack and St. Malo fields in the deepwater Gulf of Mexico. The fields are among the largest in the region, expected to produce more than 500 million barrels of oil equivalent over the next three decades.
The Jack and St. Malo fields, discovered in 2003 and 2004 respectively, are located 25 miles apart in the Walker Ridge region of the Gulf about 280 miles south of New Orleans.
Oil and gas from the fields will flow back to a single, floating production platform located between the two fields. The platform has the capacity to produce up to 170,000 barrels of oil and 42 million cubic feet of natural gas per day.
Posted September 26, 2014
Let’s talk energy infrastructure, focusing on the pipelines and the fuel storage and dispensing facilities in this country that keep commercial jetliners in the air and our vehicles moving on the roads and highways.
Part of that system is visible in suburban Washington, D.C., at the terminus for Kinder Morgan’s 3,100-mile Plantation Pipeline network (left) and the neighboring Newington Terminal, which API staff members toured recently.
Posted September 3, 2014
Pittsburgh Post-Gazette: Two major pipeline projects are in the works to ship natural gas from the Marcellus and Utica shales to the southeastern U.S., a region with a growing appetite for natural gas.
Downtown-based EQT Corp. said Tuesday it is moving forward with its partner NextEra Energy, a Florida electric utility, to form a joint venture dubbed Mountain Valley Pipeline LLC. The partnership plans to build a 330-mile pipeline that would provide at least 2 billion cubic feet per day (Bcf/d) of transmission capacity to the mid-Atlantic and South Atlantic regions. The project, which is now seeking firm commitments for capacity from shippers during an open season, was first announced in June, and has already gotten commitments for 1.5 Bcf/d, EQT said.
Meanwhile, a partnership of four energy companies — Dominion, Duke Energy, Piedmont Natural Gas and AGL Resources — also announced Tuesday a roughly $5 billion pipeline project to take about 1.5 Bcf/d to North Carolina and Virginia. The Atlantic Coast Pipeline would span 550 miles from Harrison County, W.Va., through Virginia and then south to North Carolina.
Posted July 17, 2014
We like to bring attention to good-news energy stories from states like North Dakota (also here and here) because the oil and natural gas development there is creating good-paying jobs for Americans, generating opportunity and lifting economies. The great news is that the benefits from the U.S. energy revolution are being felt in a number of places.
A new study shows the tremendous positive impacts of energy development in Louisiana, the nation’s No. 2 crude oil producer at nearly 1.45 million barrels per day when federal offshore production is included, and No. 2 in petroleum refining capacity.
The quick story: Louisiana has embraced oil and natural gas development, and oil and natural gas development has embraced Louisiana – with jobs, economic stimulus and revenues for state and local governments. This is clear from the study of the state impact of the oil and natural gas extraction, refining and pipeline industries by economist Loren C. Scott.
Posted April 29, 2014
Take a look at the fuels and products delivered every day by America’s sprawling network of liquid petroleum and natural gas pipelines, and you’ll develop a new appreciation for energy infrastructure: gasoline, diesel, jet fuel and other fuels and natural gas and heating oil for our homes. Plus feedstocks to make products ranging from eyeglasses to pharmaceuticals. Pipelines are integral for modern living.
That’s why API’s recently launched “Pipeline 101” website is an important resource – to better understand the need for pipelines, as well as how they work, how safe they are and more.