Sergio Urribarri, governor of the northeastern province of Entre Ríos, was in London early this week for a Schlumberger presentation. It was there he announced “Entre Ríos is in the middle of an area that will revolutionize the energy scheme of Argentina with its shale and unconventional gas potential.” Urribarri attended the presentation with the [...]
A U.S. energy producer is teaming up with a Wall Street investment firm on a joint venture to build a new plant to process gas from emerging shale gas fields in northeastern British Columbia. Texas-based Quicksilver Resources Inc. and Wall Street investment firm Kohlberg Kravis Roberts & Co. L.P. said Tuesday they will create the [...]
The boom in low-cost natural gas obtained from shale is driving investment in plants that use gas for fuel or as a raw material, setting off a race by states to attract such factories and the jobs they create. Shale-gas production is spurring construction of plants that make chemicals, plastics, fertilizer, steel and other products. [...]
The Environmental Protection Agency’s controversial draft report tying hydraulic fracturing to contamination in Pavillion, Wyoming contains conclusions partially based on improperly analyzed samples. Encana Corp. and the oil and natural gas industry slammed the EPA report, although environmentalists trumpeted it as offering proof hydraulic fracturing can contaminate groundwater. Wyoming officials have said they’re concerned with [...]
Venezuela’s government signed a natural gas contract on Friday with the Spanish company Repsol-YPF and Italy’s Eni SpA that will allow for the development of vast hydrocarbons reserves of the Perla field. The Perla super-giant field, which contains over 16.3 trillion cubic feet of gas in place, equivalent to approximately 3 billion barrels of oil, [...]
Encana Corp. and the U.S. Environmental Protection Agency faced off Tuesday over a report linking natural gas development with contaminated water in the tiny hamlet of Pavillion, Wyoming. Encana picked apart the Dec. 6 EPA report fingering hydraulic fracturing as the probable culprit tainting water in Pavillion during a conference call with the media Tuesday. [...]
The EPA recently released a damning preliminary draft report that detected a linkage between fracking and ground-water pollution in Wyoming that has not been peer reviewed by independent scientific analysts. Critics are already picking apart the study, which Wyoming Governor Matt Mead called “scientifically questionable.” The EPA says it launched the study in response to [...]
State oil company Yacimientos Petrolíferos Fiscales Bolivianos (YPFB) announced today its 2011-2020 strategic exploration plan, which aims to work in 118 areas over the next 10 years in search for natural gas, crude oil, and condensed gas. Bolivian president Evo Morales said this would ensure energy and income for country. Morales said at a ceremony [...]
The U.S. shale oil and natural gas boom has cracked open another lucrative market—gas liquids used to make plastics. The same drilling technologies that have unlocked vast amounts of crude and natural gas from previously unproductive shale formations across the U.S. also are reaping large stores of ethane, propane and butane, known as natural-gas liquids. [...]
Cheniere Energy has announced plans for a second proposed terminal to ship U.S. supplies of the fuel overseas. The project would be located near Corpus Christi, Texas, on a site Cheniere previously designated for an import terminal, the Houston-based company said in a statement. No construction timeline or cost estimate was provided for the plant, [...]
