From PJM Interconnection today:
PJM Interconnection – a regional transmission organization that coordinates wholesale electricity for 13 states and the District of Columbia – and several large natural gas pipelines that provide fuel for electric power generators in the PJM footprint have agreed to work more closely with each other to improve operational planning and address growing interdependence between the electric and natural gas industries.
“This agreement sets the stage for greater coordination between electric generators and the natural gas pipeline industry” said Mike Kormos, PJM Chief Operations Officer. “As electricity-generating facilities increasingly turn to natural gas, it is important that we all communicate clearly to assure reliable service.”
“These individual pipeline companies and PJM are to be commended for taking the initiative to create a process to promote greater transparency and shared knowledge. Continued dialogue will result in more informed decisions by the PJM market participants that operate and rely upon gas-fired electric generators,” said Don Santa, president and CEO of the Interstate Natural Gas Association of America.To read more or comment...
From Environment America today:
WASHINGTON, D.C. -- Divided along party lines, today the U.S. Senate Committee on Energy and Natural Resources approved a bill to allow oil exports and expand offshore drilling. In addition to lifting the longstanding ban on crude exports, the measure combines three pro-drilling bills:
Environment America’s Rachel Richardson, director of the organization’s Stop Drilling program, issued the following statement:
“We’ve seen it time and time again: when you drill, you spill. Yet too many senators voted today to expand dirty drilling and put our beachgoers, our coasts, and precious marine life in harm’s way. What’s more, lifting the ban on oil exports increases pollution worldwide and consigns us to a more dangerous climate, while doing nothing to help our energy independence.
“Construction for the nation’s first offshore wind farm has just begun in Rhode Island. That’s the energy source off our coast that senators should pursue, and that our beaches, our wildlife, and future generations deserve. Rather than double down on dirty energy sources of the past, senators should heed wide majorities of Americans and support clean, renewable energy for the future.”
From the Ohio Oil and Gas Energy Education Program in response to a Bloomberg story about high school students dropping out of school to get good-paying drilling jobs:
Response to Bloomberg Article about Teen Dropouts
From: Charlie Dixon, Safety and Workforce Director, Ohio Oil and Gas Energy Education Program
The Ohio Oil and Gas Energy Education Program (OOGEEP) would like to take an opportunity to respond to an article recently linked from Bloomberg news.To read more or comment...
Philadelphia Energy Solutions is seeking to complete a joint venture that would give it a controlling interest in crude-oil loading terminals and storage tanks in North Dakota, the source of the Bakken Shale crude that is processed by the South Philadelphia refinery, says NPR's StateImpact Pennsylvania.
The refiner said in a Securities and Exchange Commission filing on July 27 that it has agreed in principle to enter into a joint venture with BOE Midstream, which owns the rail-loading and oil-storage facilities.
Click here to read the rest of the story.To read more or comment...
Oklahoma-based Williams Partners today reported a 2Q 2015 EBITDA of $1.01 billion, a $291 million or 41 percent increase from 2Q 2014.
Click here to read the full post-merger story.To read more or comment...
From Rex Energy on Wednesday:
STATE COLLEGE, Pa., July 29, 2015 (GLOBE NEWSWIRE) -- Rex Energy Corporation (Nasdaq:REXX) announced second quarter 2015 production volumes and price realizations.
Production Results and Price RealizationsTo read more or comment...
The U.S. natural gas market is waking up.
Seasonal price swings will intensify as the country begins shipping liquefied natural gas cargoes to Asia and Europe later this year, said Bank of America Corp., RBC Capital Markets LLC and Wood Mackenzie Ltd.
While that’s good news for traders yearning for volatility, it could be bad news for consumers. Average retail gas prices also will rise with LNG exports, according to Bloomberg New Energy Finance.
Click here to read the full story.To read more or comment...
Texas-based Range Resources Corp., one of the biggest players in Pennsylvania's Marcellus Shale, has cut its work force by 11 percent this year due to low commodity prices.
The company, the fourth largest driller in Pennsylvania, has about 500 employees in Pennsylvania in addition to its contractors.
Click here to read more.
To read more or comment...
From the American Petroleum Institute on Wednesday:
WASHINGTON, July 29, 2015 ─ API applauded legislative efforts now underway to lift outdated trade restrictions on U.S. oil during a conference call today with reporters.
“At this moment, U.S. diplomats are paving the way for Iran to reassert itself as a major world energy supplier,” said API President and CEO Jack Gerard. “American voters understand that lifting the ban on Iranian oil resources, while maintaining a ban on U.S. companies, is illogical and restricts our own competitiveness. It doesn’t make sense. U.S. energy producers should not be placed at a competitive disadvantage to anyone, whether it is Russia, Iran or any oil-producing country.”
“These votes will play an important role in determining whether America remains a global energy superpower for decades to come,” added Gerard. “If we act now to harness this once-in-generation opportunity, America is poised to add billions to the domestic economy, creating jobs up and down the energy supply chain.”
“Bipartisan momentum is stronger than ever, and we urge members of the House and Senate to schedule committee and floor votes on this issue as soon as possible. Now is the time to send a message to allies around the world that America is ready to lead.”
Read the full text of Gerard’s opening remarks here.
API is the only national trade association representing all facets of the oil and natural gas industry, which supports 9.8 million U.S. jobs and 8 percent of the U.S. economy. API’s more than 625 members include large integrated companies, as well as exploration and production, refining, marketing, pipeline, and marine businesses, and service and supply firms. They provide most of the nation’s energy and are backed by a growing grassroots movement of more than 25 million Americans.
Dutch-based Royal Dutch Shell Plc. says it will be cutting 6,500 jobs and paring $7 billion from budgets in the next two years.
It said the cuts are due to what officials temed the continuing "prolonged downturn" for the energy industry.
Click here to read the full story from Bloomberg Business.To read more or comment...
Chesapeake Energy Corp,the Oklahoma-based firm is the No. 1 driller in Ohio.
Rig Count Interactive Map by Baker Hughes, an energy services company.
Shale Sheet Fracking, a Youngstown Vindicator blog.
The Ohio Environmental Council, a statewide eco-group based in Columbus.
Earthjustice, a national eco-group.
People's Oil and Gas Collaborative-Ohio, a grass-roots group in Northeast Ohio.
Concerned Citizens of Medina County, a grass-roots group.
No Frack Ohio, a Columbus-based grass-roots group.
Fracking: Gas Drilling's Environmental Threat by ProPublica, an online journalism site.
Pipeline, blog from Pittsburgh Post-Gazette on Marcellus shale drilling.
Allegheny Front, environmental public radio for Western Pennsylvania.