Friday, Jan 28, 2022 - 00:44:34
18 results - (0.250 seconds)

natural gas production:

latest news at page 1:
1
    (CNN)The Biden administration has been in regular discussions with a number of countries and companies in Europe, the Middle East, North Africa and Asia about stepping up production of liquified natural gas to Europe in the event that a Russian invasion of Ukraine leads to gas shortages, multiple US officials familiar with the discussions told CNN. The State Department, led by Senior Adviser for Energy Security Amos Hochstein, has in the last six to eight weeks been putting together a global strategy exploring contingency options to redirect and increase gas supplies from different parts of the world, a senior US official said.The countries engaging in the talks include Norway and Qatar, the official said, but the US' outreach has been "truly global" as Washington and allies determine what supplies will be needed to get through the winter and spring if there are gas shortages. Tensions are high on Ukraines border with Russia. Heres what you need to knowThe discussions are in a "fairly advanced" stage, according to the senior US official, and have been aimed at reassuring nervous European allies...
                      by Bethany Blankley  Seven Democratic U.S. representatives have asked Speaker of the House Nancy Pelosi, D-Calif., and Senate Majority Leader Chuck Schumer, D-New York, to not target the oil and gas industry in the budget reconciliation bill before Congress. Despite the concerns they and those in the industry have raised, Democrats in the U.S. House Natural Resources Committee pushed through a section of the bill, which includes billions of dollars in taxes, fines and fees on the oil and gas industry in the name of climate change. Committee Chair Raúl M. Grijalva, D-Ariz., said the section of the bill that passed “invested in millions of American jobs” and put the U.S. “on a more stable long-term economic and environmental path.” The Democrats, from predominantly oil- and gas-dependent districts in Texas, are facing tough re-election campaigns next year: Henry Cuellar, Vicente Gonzalez, Lizzie Fletcher, Sylvia Garcia, Marc Veasey, Filemon Vela, and Colin Allred. In a newsletter to constituents, Gonzalez, whose district stretches from Seguin to McAllen, said he urged Democratic leadership...
    NORTH TEXAS (CBSDFW.COM/CNN) – Last winter Texans dealt with brutally cold temperatures and storms that lead to power outages and deaths across the state. This fall and winter, experts are warning Americans to brace for home heating cost sticker shock. Prices for natural gas, the most common way to heat homes and a leading fuel source for generating electricity, have surged more than 180% over the past 12 months to $5.90 per million British thermal units. Natural gas hasn’t been this expensive since February 2014. READ MORE: Southern Border Officials Clear Camp Of Haitian Migrants Under Del Rio International BridgeThe risk is that an early winter or extremely cold fall temperatures will force households to crank up the heat. That would further shrink the nation’s below-average stockpiles of natural gas and could lift prices even higher. “If we get an early frost, it could get ugly. It could get ugly fast,” said Robert Yawger, director of energy futures at Mizuho Securities. The natural gas spike is exacerbating the United States’ first brush with inflation in more than a dozen years....
    New York (CNN Business)Americans should brace for sticker shock on home heating costs as temperatures drop this fall and winter.Prices for natural gas, the most common way to heat homes and a leading fuel source for generating electricity, have surged more than 180% over the past 12 months to $5.90 per million British thermal units. Natural gas hasn't been this expensive since February 2014. The risk is that an early winter or extremely cold fall temperatures will force households to crank up the heat. That would further shrink the nation's below-average stockpiles of natural gas and could lift prices even higher. Here comes $90 oil"If we get an early frost, it could get ugly. It could get ugly fast," said Robert Yawger, director of energy futures at Mizuho Securities.The natural gas spike is exacerbating the United States' first brush with inflation in more than a dozen years. Families are already dealing with surging prices on everything from used cars and gasoline to bacon. Read MoreThe inflation surge is forcing the Federal Reserve to consider curtailing its ongoing support of...
                      by Benjamin Zycher  The Methane Emissions Reduction Act of 2021 has been proposed as a “pay-for” – a source of revenue – in the reconciliation infrastructure package. It would impose a “fee” on methane emissions from natural gas and petroleum production systems and related processes, but not on such emissions from agricultural and other operations. Accordingly, it is worse than a mere money grab: it’s a blatant exercise in punitive politics directed at the fossil-fuel energy sector, a tax on conventional energy. Not so, says Representative Diana DeGette (D-CO), as summarized by the Washington Examiner: “This is not a tax. It’s a fee on natural gas waste,” adding oil and gas operators have the technologies to combat methane leaks at low cost. “The smart players want to prevent waste because they can capitalize it to make money. Customers won’t be paying a fee on gas delivered. The only fee will be paid [by an operator] on what doesn’t make it to the consumer.” Here we have a pure distillation of Washington...
    London (CNN Business)UK supermarkets could face shortages of meat and other fresh food within weeks after soaring gas prices prompted a major US fertilizer manufacturer to suspend production, turning off most of Britain's supply of carbon dioxide to the food and drink industry in the process.Illinois-based CF Industries (CF) said last week that it would halt operations indefinitely at its two UK plants because of the high price of natural gas. Those plants supply 60% of the United Kingdom's food-grade CO2 as a byproduct of fertilizer production, according to the British Meat Processors Association (BMPA), which warned on Friday that the supply shock could cause food shortages within 14 days once current stocks of CO2 gas run out.The gas is used to stun animals for slaughter, as well as in packaging to extend the shelf life of fresh, chilled and baked goods, and in the production of carbonated drinks.BMPA CEO Nick Allen told the BBC on Saturday that he has been "inundated" with calls since the factories shut. "Retailers are really concerned about it," he added.Britain delays Brexit border checks...
    President Joe Biden’s proposal to tax the oil and gas industries in the reconciliation bill would be costly to both the economy and in terms of job loss, an analysis by the American Petroleum Institute’s Energy Citizens initiative found. “If implemented, the new tax could cost American jobs, increase costs for U.S. natural gas and oil, and outsource energy production – often to adversarial nations with less stringent environmental records,” the announcement of the analysis said. The analysis found that the tax proposal would result in $9.1 billion in direct costs to the economy and could mean the loss of 90,000 American jobs. Flared natural gas is burned off at Apache Corporations operations at the Deadwood natural gas plant in the Permian Basin. (Spencer Platt/Getty Images). To put those figures in perspective, the analysis said “all the Solar Panel Installer & Wind Turbine Service Technician jobs in America (17,350) amount to just 19 percent of the potential job losses resulting from the natural gas tax.” “As inflation drove prices higher on most U.S. consumer goods, including gasoline, the Biden administration became...
    Nevada's legislative leadership wants lawmakers to focus on continuing to help the state transition away from the use of fossil fuels, according to a joint statement Friday. The statement is part of a broader push by lawmakers to become a net-zero greenhouse gas emissions state by 2050. “This transition away from carbon is already starting, and it is critical that we take a deeper look and determine how we can protect hardworking families and businesses as it continues,” Gov. Steve Sisolak said in a statement. According to the U.S. Office of Fossil Energy, a subsidiary of the Environmental Protection Agency (EPA), natural gas production in the state is considered “extremely minor.” Even so, Nevada is one of seven states actively lobbying to rid its energy sector of the gas. In every year since 2013, Nevada has produced 800,000 cubic feet of natural gas. That’s less than the production from states like Massachusetts, but double the production of Wyoming, according to the EPA. In turn, the 2021 biennial session has been rife with environmental legislation. However,...
    Mexico relies on liquefied natural gas, coal, fuel oil, and nuclear power to boost electricity generation and allow its industrial belt to return to normal. Automakers need to restore natural gas supplies to reopen paralyzed plants. Power outages in Mexico, particularly in the heart of the northern manufacturing industry, may reduce industrial production by 5% this month, according to estimates from independent research firm Capital Economics. Companies are already seeking to resume activities as soon as possible. According to a statement sent by Volkswagen this Sunday, “we were informed by the authority and confirmed by the supplier of Natural Gas in the State of Puebla that supply conditions are restored to 100%.” “As a follow-up to these same events, we point out that the shortage of natural gas in some northern regions of the country seriously impacted suppliers, who complied with the authorities’ request for a decrease of up to 80% in energy supply , which forced to stop operations, “he added. The company expects to restart production of its Tiguan car on February 22 at 11:30 p.m....
    A worker repairs a power line in Austin, Texas, U.S., on Wednesday, Feb. 18, 2021.Thomas Ryan Allison | Bloomberg | Getty Images The Electric Reliability Council of Texas, which is known as ERCOT and controls the majority of the state's power, said it plans to come out of emergency conditions on Friday as power has been returned to millions of customers who were left in the dark. However, the impacts from the deadly storm are still being felt across Texas. ERCOT said conservation of power is "still critical." Nearly 200,000 customers in the state still do not have power, according to the latest data from PowerOutage.us. Utility officials say that limited rolling blackouts are still possible if electricity demand rises. At one point on Tuesday, more than four million customers were without power. While the heat might be coming back, parts of the state's water supply might now be at risk after water pressure dropped, leading to potential contamination. Alison Silverstein, an independent energy consultant and former strategic advisor for the Federal Energy Regulatory Commission, said that 20 million or...
    (CBS4) – Rep. Ken Buck, a Republican who represents Colorado’s 4th Congressional District, is calling on Gov. Jared Polis to boost natural gas production in the state. It comes after Texas Governor Greg Abbott announced a ban on natural gas exports as the state responds to widespread outages caused by a deadly winter storm.  A worker repairs a power line in Austin, Texas on Wednesday. (credit: Thomas Ryan Allison/Bloomberg via Getty Images) Frozen pipelines have prompted a natural gas shortage in Texas. Gov. Abbott said the state needs to hold onto all of its gas to power generators. READ MORE: Practicing In A Pandemic: HealthONEs Innovative Approach To Train New Nurses Colorado has the second largest natural gas reserve in the county but production has dropped over the last couple of years. Rep. Buck said Gov. Polis should take action now to increase production. READ MORE: School Cashes In With Office Depot Spending Spree Thanks To Coin Shortage “I understand the governor has a goal for renewable in a certain time period and if that’s the way the people of...
    Veronica Lopez Puebla / 18.02.2021 10:54:06 At least 85 companies in the textile industry In different areas of the state of Puebla they went into technical strike due to the lack of availability of natural gas. Carlos Couttolenc López, president of the Chamber of the Textile Industry (Citex), explained that the operations of this production chain have been affected, so adjustments in its processes are expected at least until next Saturday. Before the alert that made the National Center for Natural Gas Control (Cenagas) for the industrial sector to reduce the consumption of this energy, the leader of Citex commented to MILLENNIUM Puebla that more than 50 percent of the 170 plants attached to the organization, that is, around 85 textile companies, were forced to reduce their operations. He explained that Penalties for those who fail to comply with this call are millionairesTherefore, if they do not comply, it would even lead to an economic breakdown. « The cost of fines for gas consumption are exorbitant, the charge could reach 2,000 dollars per gigajoule, consumption at this...
    New York (CNN Business)Ford is shutting its Kansas City assembly plant that makes its best-selling F-150 pickup because of a shortage of natural gas caused by winter weather hitting much of the country."To ensure we minimize our use of natural gas that is critical to heat people's homes, we decided to cancel operations for a week, beginning Saturday, February 13," Ford said in a statement. "We expect to return to normal operations on Monday, February 22."About 200 million people were under some sort of weather-related alert Tuesday as a winter storm pummeled much of the United States. After hitting Texas and Oklahoma especially hard, the storm was expected to move out through the Northeast late Tuesday, leaving a trail of heavy snow and ice in its path, CNN Meteorologist Tyler Mauldin said.The temporary shutdown is the just the latest problem for Ford, which, like other automakers, has been hit by a shortage of computer chips that is slowing production. Ford (F) said earlier this month it expects to lose 10% to 20% of its planned first quarter production, and that...
    The CEO of the American Exploration and Production Council said in a statement Wednesday that President Joe Biden’s plan to ban drilling leasing on federal land is killing American jobs and emergency independence in an economy struggling from the coronavirus pandemic. “Penalizing the oil and gas industry kills good-paying American jobs, hurts our already struggling economy, makes our country more reliant on foreign energy sources, and impacts those who rely on affordable and reliable energy,” Anne Bradbury said. “We want to be partners in our nation’s economic recovery and growth.” The council reports that for the first time energy production is “made-in-America, by America’s workers, in American communities” while exceeding demand, as past figures confirm.  https://t.co/JZxeDo5YTS — Breitbart News (@BreitbartNews) July 1, 2019 The council said banning domestic production on federal land will not reduce demand for oil and gas but just make the U.S. reliant on foreign sources. It elaborated: Less production domestically means importing more oil and gas from less regulated, unstable nations. When the federal government works with states and companies to ensure safe and environmentally protective...
    HOUSTON (Reuters) - Tropical Storm Zeta, forecast to cross offshore oil and natural gas production areas in the northern Gulf of Mexico this week, has forced the closure of 16% of crude oil production, the U.S. Bureau of Safety and Environmental Enforcement (BSEE) said on Monday. Shut crude oil production reached 293,656 barrels per day (bpd) by midday Monday. Energy companies also turned off 6% of natural gas output, or 162.57 million cubic feet per day (mmcfd) in preparation for the storm, BSEE said. (Reporting by Erwin Seba) Copyright 2020 Thomson Reuters. Tags: Louisiana, Texas, Mississippi
    BISMARCK, N.D. (AP) — North Dakota’s Industrial Commission on Tuesday approved a revised gas capture policy that aims to encourage investment in infrastructure but doesn’t change targets for burning excess natural gas at well heads. Current gas capture policy requires companies to capture 88% of the Bakken natural gas they produce. The target increases to 91% on Nov. 1. The remainder of the gas is burned off in a practice known as flaring, which releases carbon dioxide emissions that worsen global warming. State Mineral Resources Director Lynn Helms said the Oil and Gas Division has “relaxed the policy slightly in a few places and tightened it significantly in other places” after months of consultation with industry and environmental groups, The Bismarck Tribune reported. The changes approved unanimously aim to ensure industry compliance with flaring regulations amid future gas production growth, the commission said. “We believe that the revisions that we’ve made to the gas capture policy are the right step at the right time, but I do think every two or three years, we are going to have to look...
    One of President Trump’s most important accomplishments in office has been the energy revolution that has led to sharply increased oil and natural gas production and job creation in the U.S. But our days of energy insecurity and dependence on other nations in unstable areas of the world to meet our energy needs will return if former Vice President Joe Biden wins the November election.   The Trump administration’s deregulatory policies, combined with a rapidly innovating domestic energy industry, led to the U.S. becoming a net exporter of petroleum products in 2019 — including gasoline, diesel fuel and crude oil — for the first time since 1949. Overall U.S. exports of all forms of energy exceeded energy imports last year for the first time since 1952. And in 2017, America exported more natural gas than it imported — for the first time in 60 years. TRUMP TOUTS AMERICA'S ENERGY INDEPENDENCE IN TEXAS This surge in American energy production has saved Americans more than $200 billion a year on energy costs for their cars, trucks, homes and businesses. Further, these lower...
1