The cost to reduce methane emissions from natural gas systems is nearly five times greater than previous estimates suggest, according to a study commissioned by ONE Future, a coalition of six US gas industry firms. The ICF International Study concluded that curbing methane emissions from US gas systems would cost an estimated $3.35/Mcf of methane […]
FCC incident forces unplanned shutdown of Unipetrol’s Kralupy refinery
Crude oil processing remains suspended at Unipetrol AS subsidiary Ceska Rafinerska AS’s 3.3 million-tonne/year Kralupy refinery in Czech Republic following an unplanned shutdown of the plant in May. Source: News
KMI gets FERC approval for Elba Island LNG plant
Kinder Morgan Inc. (KMI) subsidiaries Elba Liquefaction Co. LLC (ELC) and Southern LNG Co. LLC received US Federal Energy Regulatory Commission authorization to build and operate the Elba Liquefaction Project at the existing Elba Island LNG terminal near Savannah, Ga. Source: News
Official: Ontario is ‘not, not, not’ phasing out gas
“Ontario is not, not, not going to phase out natural gas.” Member of Parliament Bob Delaney resorted to repetitive negatives to assure officials of Kincardine that the provincial government doesn’t really plan to block the start of gas service in their municipality on Lake Huron. Source: News
BHI: US rig count rises for first time in 2016
The overall US rig count increased during the week ended June 3 for the first time since Aug. 21, 2015, ending a 41-week drought, Baker Hughes Inc. reported. Source: News
LyondellBasell plans third-quarter startup for Corpus Christi ethylene expansion
LyondellBasell has entered the final phase of construction on an 800 million-lb/year ethylene expansion project currently under way at its complex in Corpus Christi, Tex. Source: News
Warren Resources files for Chapter 11
Warren Resources Inc., Denver, filed for bankruptcy protection in a Houston federal court on June 2 after negotiating a debt-for-equity swap with a group of senior lenders led by Blackstone Group’s GSO Capital Partners. Source: News
Pengrowth gets approval for Lindbergh thermal project’s second phase
Pengrowth Energy Corp., Calgary, said it received regulatory approval for the second commercial phase of the Lindbergh thermal project in the Cold Lake area of eastern Alberta. Source: News
Mellitah Oil & Gas lets contract for offshore Libya
Mellitah Oil & Gas BV has let a contract to Technip to handle subsea installations and platform engineering for the Bahr Essalam Phase II natural gas development offshore Libya in 623 ft of water in the central Mediterranean Sea. Source: News
MARKET WATCH: Brent tops $50/bbl following OPEC meeting
Crude oil prices gained modestly on the New York and London markets June 2 after the Organization of Petroleum Exporting Countries said its members agreed to leave its current high production strategy intact despite calls from a few members for a collective production cap. Source: News