U.S. LNG exports quadrupled in 2017

      U.S. liquefied natural gas (LNG) exports quadrupled in 2017, with shipments to 25 different countries, says the U.S. Energy Information Administration. The volume of shipments increased from 0.5 billion cubic feet per day (Bcf/d) in 2016, to 1.94 Bcf/d  in 2017, it said. All the shipments originated from Cheniere Energy’s Sabine Pass … Read more

PetroChina, Rosneft leave Venezuela refining projects

      Chinese and Russian state oil companies PetroChina and Rosneft will not pay the costs of repairing and modernizing Venezuela’s Cardón and Amuay refineries for PDVSA, according to union sources. Ivan Freites, senior official of the Venezuelan Unions Federation of Oil Workers, told local newspaper El Nacional the foreign partners decided after lengthy … Read more

PetroChina, Rosneft leave Venezuela refining projects

      Chinese and Russian state oil companies PetroChina and Rosneft will not pay the costs of repairing and modernizing Venezuela’s Cardón and Amuay refineries for PDVSA, according to union sources. Ivan Freites, senior official of the Venezuelan Unions Federation of Oil Workers, told local newspaper El Nacional the foreign partners decided after lengthy … Read more

Appalachian Basin remains active for shale producers

The Appalachian Basin remains a very busy place. Nearly 2,300 drilling permits were issued in 2017 in the three-state basin, with 1,036 of those wells being spud, said energy consultant Timothy Knobloch. That includes 1,377 Pennsylvania permits, 462 Ohio permits and 459 West Virginia permits, said Knobloch, president of James Knobloch Petroleum Consultants, of Marietta, Ohio. … Read more

Venezuela’s crude exports down 27.2% y-o-y in Feb.

Venezuela’s crude oil seaborne exports dropped 27.2% year-over-year in February, as the country struggles to keep production levels from falling due to natural declines and underinvestment, Kallanish Energy learns. Data from UK’s oil analytics firm Vortexa show crude shipments from the OPEC member totaled 1.39 million barrels per day (MMBPD) last month, compared to 1.91 MMBPD in February 2017. … Read more

EPA reworking rules on methane leaks, coal ash

The U.S. Environmental Protection is reworking former President Obama-era rules on methane emissions from new oil and natural gas wells and other facilities, Kallanish Energy reports. The agency is also rolling back federal rules on coal ash deposits in a move that will produce big savings for electric utilities. The two changes concerning methane will reduce … Read more

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