Tag Archives: natural

Floating LNG regasification is used to meet rising natural gas demand in smaller markets

April 27, 2015 Source: EIA, based on . Floating regasification is a flexible, cost-effective way to receive and process shipments of liquefied natural gas (LNG). Floating regasification is increasingly being used to meet natural gas demand in smaller markets, or as a temporary solution until onshore regasification facilities are built. Of four countries planning to […]

EIA report highlights top 100 U.S. oil and natural gas fields

April 24, 2015 Source: U.S. Energy Information Administration, based on Form EIA-23L and DrillingInfo Note: The top 100 largest oil and natural gas field locations are plotted using latitude-longitude of the approximate center of the field. Dot diameter is relative to its 2013 proved reserves. The top 100 oil fields in the United States accounted […]

U.S. remained world’s largest producer of petroleum and natural gas hydrocarbons in 2014

April 7, 2015 Source: U.S. Energy Information AdministrationNote: Petroleum production includes crude oil, natural gas liquids, condensates, refinery processing gain, and other liquids, including biofuels. Barrels per day oil equivalent were calculated using a conversion factor of 1 barrel oil equivalent = 5.55 million British thermal units (Btu). The United States remained the world’s top […]

Scheduled 2015 capacity additions mostly wind and natural gas; retirements mostly coal

March 10, 2015 Source: U.S. Energy Information Administration, Electric Power Monthly Note: Other renewables include hydroelectric, biomass/wood, and geothermal. In 2015, electric generating companies expect to add more than 20 gigawatts (GW) of utility-scale generating capacity to the power grid. The additions are dominated by wind (9.8 GW), natural gas (6.3 GW), and solar (2.2 […]

Rise in salt cavern storage capacity for natural gas offsets declines in other capacities

February 26, 2015 Source: U.S. Energy Information Administration, With natural gas storage at national total capacity. EIA measures natural gas storage capacity in , which is typically when storage withdrawals begin to exceed storage injections. From November 2013 to November 2014, EIA found that each of EIA’s two measures of storage capacity within the Lower […]

Natural gas inventory exceeds five-year average for first time since November 2013

February 20, 2015 Source: Source: U.S. Energy Information Administration, Working natural gas in storage has for the first time in more than a year. At 2,157 billion cubic feet (Bcf) as of February 13, stocks are 58 Bcf greater than the five-year average. Recent extremely cold weather may result in high stock withdrawals for the […]

Nigeria: Nigeria Looks to Harness Natural Gas

Many Nigerian communities where oil is pumped or piped say they see little development brought by the country’s largest industry. Some are looking to alternative energies as a way of reducing poverty and illness. For the past 10 years, Dokas Obonyano has worked drying cassava by the heat of a natural gas flare. The Shell […]

Natural gas prices drop following strong production growth

January 28, 2015 Source: U.S. Energy Information Administration, Following a short-lived price increase in November, natural gas prices have dropped to their lowest levels since September 2012, reflecting strong domestic production and inventory builds. The 2013-14 winter’s sustained cold weather and and almost one trillion cubic feet (Tcf) lower than five-year (2009-13) average levels. Prices […]

Because of cold start, average natural gas spot prices were higher in 2014

January 13, 2015 Source: U.S. Energy Information Administration, based on Natural Gas Intelligence (NGI) Driven by higher prices during the first three months of 2014, average wholesale (spot) prices for natural gas increased by 20% or more at most trading locations in the United States in 2014 compared to 2013. The average price of natural […]

Presalt oil and natural gas provide an increasing share of Brazil’s production

January 9, 2015 Source: U.S. Energy Information Administration, Agência Nacional do Petróleo, Gás Natural e Biocombustíveis In 2013, Brazil produced 2.0 million barrels per day (bbl/d) of crude oil and nearly one trillion cubic feet (Tcf) of gross natural gas. Within these figures, the share of production from presalt resources found under thick layers of […]

32% of natural gas pipeline capacity into the Northeast could be bidirectional by 2017

December 2, 2014 Source: U.S. Energy Information Administration, Note: In this context, the Northeast includes the Northeast Census region as well as Delaware, Maryland, Ohio, and West Virginia. Republished December 2, 2014, 11:00 a.m. to update text. Spurred by growing natural gas production in Pennsylvania, West Virginia, and Ohio, the natural gas pipeline industry is […]

Number of natural gas customers participating in customer choice programs is increasing

December 3, 2014 Source: U.S. Energy Information Administration, Note: Data not collected in 2009-11. Republished December 3, 2014, 10:00 a.m. to correct map note. Eligibility and participation in customer choice programs, which allow residential and commercial customers to purchase natural gas from nonregulated energy suppliers, have increased over the past 12 years. The number of […]

Shale gas provides largest share of U.S. natural gas production in 2013

November 25, 2014 Sources: U.S. Energy Information Administration, Form EIA-895, “Annual Quantity and Value of Natural Gas Production Report”; Form EIA-914, “Monthly Natural Gas Production Report”; the Bureau of Safety and Environmental Enforcement, and predecessor agencies; state agencies; LCI; DI; Ventyx; BENTEK Energy; and EIA estimates based on historical data Republished November 25, 2014, 10:15 […]

Boston, New York City winter natural gas prices expected to remain high

November 24, 2014 Source: U.S. Energy Information Administration, based on Bloomberg Note: November through March are considered winter months. Forward prices for 2014-15 and 2015-16 are as of 10/29/2014. Despite expectations of a milder winter for 2014, marketers anticipate high prices for natural gas in Boston and New York City. Natural gas prices are expected […]

EIA tracks oil and natural gas production by both surface location and geologic formation

November 10, 2014 Source: U.S. Energy Information Administration, EIA uses two differing methods to determine production from major and minor oil and natural gas plays onshore in the United States. One method takes a geographic approach, focusing on surface-level analysis, and the other method uses a geologic approach, focusing on formation-level details. The differences between […]

Not Ready to Buy or Sell Your Equipment?

Join our international network of oilfield buyers & sellers! 
We respect your privacy as well as your time and that's why we only send our newsletter no more than TWICE A MONTH.
 
ADD ME TO THE LIST
Two emails per month (maximum). No ads. No affiliate links.