Could the construction of new production capacity for one chemical product result in a 1.4 Bcf/d increase in natural gas demand?  Yes it could - if all the methanol plants that have been announced and are on the drawing board get built. Of course, it is pretty unlikely that they will all get built, but even if only the best projects are completed, they will still consume a lot of gas. This article takes a look at the new plant construction numbers.

According to a new IHS Chemical  global market study, abundant North American shale energy resources are driving chemical industry job growth, low-cost ethylene production, significant profitability and a competitive resurgence for the continent’s producers of ethylene, one of the most essential chemical building blocks in the petrochemical industry.

AN INTERVIEW WITH RANDY FOUTCH, CHAIRMAN AND CEO OF LAREDO PETROLEUM

PGE and Universal Well Services, announced Jan. 21 a partnership to convert a hydraulic fracturing operation in Pennsylvania from diesel fuel to a blend that relies instead on up to a 70% equivalent of natural gas.

BNSF Logistics LLC, a third party logistics provider and wholly owned subsidiary of Burlington Northern Santa Fe LLC, a Berkshire Hathaway company, has acquired EP-Team Inc., a privately held global logistics project cargo provider.

Ethane in Mont Belvieu posted at 22.5 cnts/gal on Friday, continuing the NGL’s descent into the abyss that started mid-2012. With natural gas prices hanging in there above $3.00/MMbtu, there is no doubt about it. We are deep into ethane rejection economics. Impending widespread rejection in the world of shale…a world of ultra-rich gas, deep ethane cuts, and constrained infrastructure.  Today we’ll drill down deep into the numbers. 

A report published by research group IHS Inc. December 26 noted that the unconventional oil and gas revolutionizing America has prompted further discussion about the natural gas markets.

Europe’s loss is the United States’ gain with respect to shale gas production, says the chief executive of the world’s largest petrochemical group.

The Supreme Court of Israel has rejected a petition against the IEI oil shale project, clearing a legal roadblock and allowing the project to move forward to the permitting phase.

Chevron Canada Ltd. will acquire a 50% operating interest in the Kitimat LNG project and proposed Pacific Trail Pipeline, and a 50% interest in approximately 644,000 acres of petroleum and natural gas rights in the Horn River and Liard Basins in British Columbia, Canada.

Oklahoma City-based SandRidge Energy Inc. said Dec. 19 that it has signed a definitive agreement to sell its Permian Basin properties to Sheridan Production Partners II, a privately held Houston-based oil and gas company, for $2.6 billion in cash.

Fort Worth, TX-based Fluid Delivery Solutions, an oilfield service company that specializes in water transfers for completions and location containment liners, has opened a Mississippian Lime yard in Alva, Oklahoma.