Tuesday, January 7, 2025

Pennsylvania Had Record Year for Natural Gas Production

From Trib Live Pennsylvania had a record year for natural gas production in 2018, the state Department of Environmental Protection said on Wednesday. Unconventional well operators produced 6.1 trillion cubic feet of natural gas in 2018 — an increase of .8 trillion cubic feet over 2017 and the largest volume of natural gas produced in Pennsylvania in a single year,

China’s Lack of Natural Gas Storage Capacity Restricts Supply

From China Daily While China needs more natural gas to meet its surging demand for clean fuel, a lack of storage capacity is making it difficult for the country to cope with supply crunches in winter months when demand surges to heat homes. China, the world’s biggest energy user, needs underground gas storage facilities to address the imbalance created by

Higher Gasoline Costs Sent Consumer Price Index Soaring in April - Oil & Gas 360

U.S. Midwest Floods to Weigh on Diesel Demand in Fall Harvest Season

From Reuters A disappointing planting season due to massive flooding in the U.S. Midwest this spring is expected to have spillover effects on diesel demand during harvest season, analysts and traders said. Heavy storms that lingered over the Midwest left millions of acres unseeded and put crops that were planted late at a greater risk for damage from severe weather

Intensifying Storm Cut Half U.S. Gulf Coast Oil Output, Closes Coastal Refinery - Oil & Gas 360

Intensifying Storm Cut Half U.S. Gulf Coast Oil Output, Closes Coastal Refinery

From Reuters An intensifying tropical storm in the U.S. Gulf of Mexico on Thursday cut more than half the region’s oil output, with energy companies evacuating staff from nearly 200 offshore facilities and a coastal refinery. Oil firms shut more than 1 million barrels per day of oil production, 53% of Gulf of Mexico’s output, and 1.2 billion cubic feet

Mexico

New Tax Breaks Planned for Mexico’s Indebted Pemex

From Reuters The Mexican government will propose an additional tax reduction for heavily indebted state oil company Pemex [PEMEXF.UL] in the nation’s 2020 budget, President Andres Manuel Lopez Obrador said Thursday, the latest measure to strengthen the company. Lopez Obrador has pledged to revive Pemex, whose $106 billion debt is the largest for any oil company in the world. In