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The Great American Oil And Natural Gas Pipeline Boom

This makes sense: since 2008, U.S. crude oil and gas production have respectively boomed 150% to 12.3 million b/d and 60% to 90 Bcf/d. The Great American Oil And Natural Gas Pipelines get approved in the first place because rising usage demands it.

Originating in Texas, we track nearly 40 pipelines covering 11,000 miles either being develop or in pre-construction development.

Just a few days ago the DC Circuit Court of Appeals upheld FERC orders approving the 197-mile, 1.7 Bcf/d Atlantic Sunrise Project (connecting PA gas to mid-Atlantic markets), denying numerous objections from anti-gas environmental groups.

The court backed FERC’s position of market need for the pipeline, specifically citing evidence that there were contracts for 100% of the capacity. 

Indeed, very quietly, the International Energy Agency reports that the U.S. led the world in 2018 for new oil demand (+540,000 b/d) and new gas demand (+7.8 Bcf/d). (read that again).

For comparison, the annual increase in U.S. gas demand in 2018 was equivalent to the UK’s current consumption.

As the main sector of use, U.S. gas demand for electricity has soared 60% since 2008 to 30 Bcf/d.

Just as importantly, we are building an immense oil and gas export complex to bring reliable and affordable fuels to an energy-deprived world.

Now the largest oil and gas producer, we will probably become the largest exporter of both within five years.

In the rich Western economies, for instance, oil and gas supply over 60% of all energy.

Gas is especially the go-to fuel to lower emissions while backing up wind and solar power.

 

 

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Source: FORBES

 

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American Oil

American Oil Booms | The Next Challenge Is How To Export It

The shale revolution has demonstrably increased the production of crude oil from the U.S. It has given the country the title of the world’s largest oil producer. As an effect, it lasts only briefly. Do you know about the increase in output from the Permian Basin? It is located in West Texas and Southeastern New Mexico. This has been the biggest contributor to this growth. Learn more about American oil below.

We conducted a recent study on the rapidly growing production from the Permian Basin. This includes the attendant consequences on the energy business in the U.S. There has been a validation of key findings through conversations with members of the industry. Including to is the government and infrastructure leaders. The key implications of this work are in a summary here.

A major point: There is no significant domestic customer for the incremental crude projection to come out of the Permian Basin over the next five years. The Permian Basin produced 3.2 million barrels per day in 2018. That production is expected to grow by 1 million barrels per day each year for the next four years, to about 7 million barrels per day in 2022. Permian production was already up to 4 million barrels per day midway through 2019.

Most of the additional 4 million barrels per day of crude coming out of the Permian Basin over the next five years will have to be exported.
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Oil prices up on expectations of Fed rate cut

Rose For a Fourth Day

Oil prices rose for a fourth day on Tuesday. On optimism the U.S. Federal Reserve will this week fed rate cut interest rates for the first time in more than 10 years. Boosting demand expectations in the world’s biggest oil user.

Brent crude rose 35 cents to $64.06 a barrel by 1349 GMT. It is set for a monthly fall of around 3.7%, however, due to lingering worries about oil demand.

According to the International Energy Agency (IEA), despite the implementation of stringent environmental policies, gas usage continues to increase. The IEA’s modeling shows that even with measures in place to reduce greenhouse gas emissions and promote renewable energy sources. The demand for natural gas is on an upward trend. This finding highlights the challenges faced in transitioning to a more sustainable energy system. While meeting the growing energy needs of a global population.

The Key Reasons

One of the key reasons for the increasing gas usage is its versatility and relatively lower carbon emissions compared to other fossil fuels. Natural gas is widely used for electricity generation, heating, and industrial processes. Making it a crucial component of the global energy mix. Additionally, as countries seek to reduce their reliance on coal and oil. Natural gas is often seen as a cleaner alternative and a bridge towards a low-carbon future. This perception has led to significant investments in gas infrastructure and exploration, further driving its consumption.

However, it is important to note that the continued reliance on natural gas poses challenges for achieving long-term sustainability goals. While it may be a cleaner option compared to coal and oil, natural gas is still a fossil fuel and contributes to carbon dioxide emissions. As such, it is crucial to balance the short-term benefits of natural gas with long-term environmental concerns. This requires a comprehensive approach that combines the use of cleaner-burning technologies, increased energy efficiency, and a gradual transition towards renewable energy sources. By doing so, we can mitigate the environmental impacts associated with gas usage and work towards a more sustainable energy future.

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What’s Stopping Oil From Breaking Out?

Oil prices have settled into a temporary rut, with WTI stuck in the mid-$50s and Brent in the mid- to low-$60s. Threats of supply disruptions in the Middle East have failed to buoy prices, while ongoing production and export declines in Iran and Venezuela are also failing to push up crude.

U.S. supply growth has grown significantly over the past two years, offsetting much of the cuts from OPEC. This has become a perennial problem for OPEC+. However, the sudden slowdown in demand is adding to their predicament.

 

 

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Source: Oilprice.com

Extraordinarily Brazen

‘Extraordinarily Brazen’ : Iran Seizes Tanker in Strait of Hormuz, Raising Tensions with Britain

Iran seized a British tanker in the Strait of Hormuz for alleged marine violations. After that, it allowed a second one to proceed after issuing a warning. It has the label “Extraordinarily Brazen”. Read more below

The actions are a dramatic intensification of already relations between the U.S. and Iran. The latest is Britain which seized an Iranian tanker suspected of carrying oil to Syria several weeks ago.

Firstly, the Iranian Revolutionary Guard earlier said it seized the British-flagged tanker Stena Impero. This is after the failure to follow international maritime regulations. The Guard overtake the ship to a coastal area over to maritime authorities, according to Iran state media.

Secondly, the Tasnim news service quoted regional military sources saying the Guard also stopped but released British-operated tanker Mesdar in the Strait of Hormuz.

President Donald Trump told reporters the U.S. would work with the British on the tanker situation. His term was ‘Extraordinarily Brazen’.

In short, the Iranian Foreign Minister Mohammad Javad Zarif is denying this week that the ship is heading to Syria. After that, he would not say where it was headed.

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Source: CNBC.com

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What a failed Iran deal would mean for oil prices and military tensions

As Iran’s government starts breaking its agreed uranium enrichment limits, European leaders are floundering to keep it alive.

“If war were to break out, we estimate that the price of oil would quickly surge to around $150 per barrel following the outbreak of hostilities,”

 

 

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Source: CNBC.com

Shale Gas Hydraulic Fracturing Market to Develop Rapidly by 2027

Shale Gas Hydraulic

The US thus will continue to win over other markets. Owing to the presence of maximum recoverable reserves of natural gas. Furthermore, frequent technological innovations particularly in the US market. For shale gas production are also said to provide this region with a major thrust.

The Future Market Insights’ report forecasts a continued dominance of the United States in the realm of shale gas, encompassing technology, exploration, development, production, and export. This projection holds strong for the period spanning 2017 to 2027, positioning the US as the undisputed global leader in the shale gas industry.

With advancements in hydraulic fracturing techniques. The production of shale gas is expected to remain a highly sought-after and profitable process within the sector. The US’s proactive approach to harnessing shale gas reserves through innovative methods has solidified its position. As a key player in shaping the future of the energy landscape.

As the demand for cleaner energy sources intensifies globally. The US is at ease to leverage its expertise in shale gas extraction to meet the evolving needs of the market. The strategic focus on technological innovation and operational efficiency in shale gas production not only enhances the country’s energy security but also bolsters its economic standing on the global stage.

With a commitment to sustainable practices and continual research and development. The US is advantageous to maintain its leadership in the shale gas sector. Driving growth and fostering a sustainable energy future for years to come.

 

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Source: Fortuneenterpriser.com

 

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Clean Electricity Production – Natural Gas Leads It

Electric utilities note that power generated from natural gas is inexpensive, reliable, and clean. By the way, natural gas supplies are almost unlimited. Ready to learn more about clean electricity production?

Due to the shift largely from coal to natural gas, carbon emissions from electricity production in the United States have dropped dramatically and are now at mid-1980’s levels.

Electricity production from coal has dropped from nearly 50 percent of the total seven years ago to under 20 percent today, while electricity from gas has risen from about 20 percent seven years ago to 35 percent now, according to the Energy Information Administration.

An abundance of inexpensive American gas is transforming global energy markets, providing important geopolitical gains from the export of liquefied natural gas. In the battle to weaken Russia’s economic grip on Europe, we’ve turned to the commercial world’s most basic weapons — competition. Increasing the export of LNG has given Europe an alternative source of natural gas.

What really brings home the new reality is a milestone reached last year, when America eclipsed Russia as the world’s top producer of natural gas. This adds up to a very different outlook than the one 15 years ago when the U.S. was heavily dependent on imported natural gas.

If you have further questions about the topic related to Natural Gas and clean electricity production, feel free to reach out to us.

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Source: Thehill.com

What’s Behind The Drop In Renewable Spending?

Decline in spending on renewable energy projects during the first half. Wind and solar have yet to become fully competitive with fossil fuel power generation.

Spending on solar and wind also fell in Europe, where governments and environmentalist groups are particularly vocal about their clean energy plans. Investments fell 4 percent, despite a surge in new spending on renewables in several countries, including Spain, Sweden, the UK, and Ukraine. In the United States, new renewables spending fell by 6 percent.

 

 

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Source: OilPrice.com

Extraction Process

A look at the drilling, extraction process

There is a risk of drilling through prior underground industrial work. Potentially inadequately documented, new drilling must be all the more cautious. This is as the Marcellus and Utica Shale extraction continues to boom. It is mostly in the eastern and southeastern counties of Ohio. Read more about the extraction process details.

Drilling superintendent at an Ascent pad in Richland Township lights up. It is when asked what measures are now taken to safely get in the ground. Thousands of feet below the surface, and extract natural gas while protecting local drinking water tables.

“Everything we do is documented, we GPS-track every movement of our drill through the earth, and every layer we drill is cemented until well below the water table,” said McGee. “Everything we’re putting in the ground (when drilling) comes from Mother Nature, the bentonite and barite — are just finely ground rocks, the diesel comes from the ground, the water we use is cleaner than drinking water”. According to James McGee

Oil and gas drilling began in Ohio in the early 1800s, hydraulic fracturing (also known as fracking) was then first used in the mid-1800s to source water and by the 1950s began being used to extract natural gas.

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Source: Newsandsentinel.com

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