On Tuesday, the Agency for Natural Resources and Energy (ANRE) started the world’s first offshore production test to dissociate methane hydrate and extract natural gas off the coasts from Atsumi Peninsula to Shima Peninsula in Japan (Daini Atsumi Knoll), and confirmed the production of natural gas. Methane hydrate is a compound material that consists of [...]
Bob Dudley, BP Group Chief Executive and Mukesh Ambani, Chairman and Managing Director of Reliance Industries Limited (RIL) met with the Indian Minister of Petroleum and Natural Gas, Dr Veerappa Moily in Delhi on Thursday. They updated the Minister on their joint future plans in India, including the KG D6 block enhancement plan designed to [...]
Unitel Technologies, Inc. said that the company is currently involved in several projects for converting natural gas into liquid fuels and chemicals. This is partly due to the unprecedented boom in the shale gas sector. “Because much of the shale gas in North America is being extracted in remote locations, we are seeing renewed interest [...]
Quantum Fuel Systems Technologies Worldwide (QTWW), a leader in natural gas, alternative fuel systems and clean propulsion vehicle technologies, said that it has received official notification from the United States Patent and Trademark Office that the company has been issued a key patent covering pressure and flow management for on-board gaseous fuel storage systems. This [...]
Average wholesale (spot) prices for natural gas fell significantly throughout the United States in 2012 compared to 2011, the U.S. Energy Information Administration (EIA) said in a report. The average wholesale price for natural gas at Henry Hub in Erath, Louisiana, a key benchmark location for pricing throughout the United States, fell from an average [...]
Covanta Energy Corporation, a world leader in sustainable waste management and renewable energy, and Clean Energy Fuels, North America’s largest provider of natural gas for transportation, announced an agreement to co-develop compressed natural gas (CNG) stations at select Covanta facilities throughout the U.S. Covanta Energy operates over 40 state-of-the-art facilities that convert everyday trash into [...]
Dana Gas PJSC, the Middle East’s first and largest regional private sector natural gas company, said that it has made two new onshore gas discoveries in the Nile Delta Basin of Egypt. Initial estimates indicate that together the two discoveries, known as Alyam-1 and Balsam-1, should increase the company’s commercial reserves by between 17 (proved) [...]
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Canadians can expect to pay more for natural gas this winter but supply will be plentiful, the National Energy Board (NEB) said Wednesday in its latest Winter Energy Outlook. Despite abundant supply and storage, a seasonally normal winter weather forecast, and a slow growing North American economy, natural gas prices this winter are expected to [...]
The U.S. Energy Information Administration said in a report that in August 2012, coal produced 39% of U.S. electricity, up from a low of 32% in April 2012, when the natural gas share of generation equaled that of coal. Increased demand for electric power in the summer months—to run air conditioners—created more room in the [...]
The U.S. Energy Information Administration (EIA) said it expects that natural gas consumption will average 69.8 billion cubic feet per day (Bcf/d) in 2012, an increase of 3.1 Bcf/d (4.7 percent) from 2011. Large gains in electric power use in 2012 more than offset declines in residential and commercial use. Projected consumption of natural gas [...]
