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Tag Archives: Natural Gas

Natural gas power plant breaks ground in La Porte

Natural gas power plant breaks ground in La Porte

Construction began on a one-of-a-kind natural gas power plant Wednesday in La Porte, Texas. The 50-megawatt demonstration project is unique in that it produces zero emissions. New technology will send carbon dioxide it creates into a sequestration pipeline. The carbon emissions can then be stored for industrial use or enhanced oil recovery. Net Power is developing the plant, which will connect to ...

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EIA forecasts short-term energy output

EIA forecasts short-term energy output

The U.S. Energy Information Administration released its short-term energy outlook Tuesday. The report forecasts oil and natural gas production for the next two years. North Sea Brent crude oil prices averaged $32 per barrel, a $1 increase from January prices. Brent crude prices are predicted to average $34 in 2016 and $40 in 2017. The forecast reflects higher –than-expected oil ...

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Seattle explosion levels buildings, injures firefighters

Seattle explosion levels buildings, injures firefighters

SEATTLE (AP) — A natural gas explosion rocked a Seattle neighborhood early Wednesday, sending nine firefighters to the hospital and reducing businesses to rubble. Crews were responding to reports of a natural gas leak when the explosion happened along the main thoroughfare of the city’s Greenwood neighborhood, just north of downtown, Seattle Fire Department spokeswoman Corey Orvold said. As the ...

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Idaho House approves oil and gas regulation bill

Idaho House approves oil and gas regulation bill

BOISE, Idaho (AP) — The Idaho House on Monday approved legislation aimed at speeding up natural gas and oil production by changing the industry’s deadlines and decision-making process. Senate Bill 1339 would make the Idaho Department of Lands responsible for initial oil and gas decisions, while allowing the Oil and Gas Conservation Commission to oversee and reverse such decisions. It ...

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Entergy Mississippi cuts rates by $102M as natural gas dips

Entergy Mississippi cuts rates by $102M as natural gas dips

JACKSON, Miss. (AP) — Entergy Mississippi just can’t cut electrical rates fast enough to keep up with falling natural gas prices, and Mississippi Power Co. isn’t far behind. The unit of New Orleans-based Entergy Corp. will cut rates by $102 million in coming months on its 442,000 Mississippi customers. For residential customers who use 1,000 kilowatts of electricity per month, ...

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Gazprom and Bank of China sign 2 billion euro, 5-year loan

Gazprom Russia energy

MOSCOW (AP) — The Bank of China will give Gazprom a 2 billion euro ($2.2 billion), five-year loan, the Russian state-run energy company’s largest loan agreement from a single credit institution. In a Thursday press release, Gazprom said this is the company’s first loan deal with the Bank of China. Driven by China’s growing energy needs, Beijing has been investing ...

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Anadarko cutting spending almost in half, selling assets

Anadarko cutting spending almost in half, selling assets

TRENTON, N.J. (AP) — Anadarko will sell more assets and reduce by nearly half its spending on oil and natural gas exploration this year. One of the world’s biggest independent oil and natural gas exploration and production companies, Anadarko said Tuesday it will cut capital expenditures this year to between $2.6 billion and $2.8 billion, from about $5.5 billion last ...

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