The June natural gas contract briefly pushed past $8/MMbtu May 3-4 in a rally by hedge-fund investors that forced traders to cover short positions on the New York market.
Global climate change presents challenges associated with balancing potential environmental impacts with a wide variety of economic, technical, and lifestyle changes that may be necessary to address the issue.
A government-industry task force is working to develop technologies and infrastructure for carbon capture and sequestration with the goal of reducing greenhouse gas (GHG) emissions that can contribute to global climate change.
A US Senate committee added an amendment that would make gasoline price gouging a federal crime, and then the committee approved a bill to improve automotive fuel efficiency requirements.
A US House Energy and Commerce Committee’s subcommittee postponed its May 3 hearing on BP America Inc.’s management of Alaska North Slope crude oil gathering operations until May 16.
US Outer Continental Shelf oil and gas development opponents complained that the Department of the Interior and Minerals Management Service’s preliminary final 5-year OCS plan goes too far, while proponents declared that it doesn’t go far enough.
Newark East field in North Texas, center of the Mississippian Barnett shale play, was Texas’s largest gas-producing field in 2006 and could become the largest in terms of ultimate recovery in the Lower 48.
In its production operations in northwest Arkansas, XTO Energy Inc. has extended the productive life of five gas wells by controlling proppant flowback.
A recent study of the European refining industry from Concawe (Conservation of Clean Air and Water in Europe) concludes that the imbalance between demand for gasoline and middle distillates will continue to increase.
Changes in the vertical relative position of two liquids pipelines laid in the same trench (one crude, one products) produce only small changes in the temperature of the crude oil, allowing this approach to be used as a viable alternative to dual trenching.
