Bill Would Lift Crude Oil Export Ban, Provide Revenue Sharing
Friday, July 31, 2015
Combined energy legislation introduced in the U.S. Senate, the Offshore Production and Energizing National Security Act (OPENS Act), would lift the ban on crude oil exports, provide for revenue sharing in the Alaska Outer Continental Shelf (OCS), and increase access to additional resources by requiring a minimum of three lease sales in each of the Beaufort, Chukchi, and Cook Inlet planning areas during any five-year period.
Housing Construction Trends Improve in June, Says NAHB
Friday, July 31, 2015
Total housing starts expanded 9.8% month over month in June, reaching a 1.174 million annual starts pace, which was led by a surge in multifamily development, the National Association of Builders (NAHB) reports. Single-family starts were effectively flat, recording a 0.9% monthly decline to a 685,000 seasonally adjusted annual rate, but were up 14.7% year over year.
Enterprise Signs Additional Commitment for Aegis Line
Friday, July 31, 2015
Enterprise Products Partners LP said in July that it had executed a long-term agreement for incremental ethane transportation capacity on its Aegis pipeline. With the agreement, total capacity commitments for Aegis will ramp up over the next four years to more than 300,000 bbld.
Iran Deal Disadvantages U.S. Oil Producers, IPAA Asserts
Friday, July 31, 2015
The Independent Petroleum Association of America (IPAA) is challenging the Obama administration’s deal with the Iranian government over its nuclear program, noting the agreement includes provisions that will soon lift global sanctions on Iranian oil sales. Reports, confirmed by Iranian officials, have surfaced that Iran intends to double its crude oil exports soon after sanctions are lifted, which could lead to about 1 MMbbld of additional crude entering the world market.
Enterprise Expands Propylene Pipeline System, Converts Lines
Friday, July 31, 2015
Enterprise Products Partners LP (Houston) said in July 9 had launched a series of projects to convert and expand segments of its petrochemical pipeline network to increase throughput for polymer-grade propylene (PGP) and enhance system flexibility and reliability. The company’s North Dean pipeline will be converted from refinery-grade propylene (RGP) service to PGP service. The conversion is scheduled for completion in January 2017.
Gov. Tomblin Establishes Oil and Gas Safety Panel
Friday, July 31, 2015
West Virginia Gov. Earl Ray Tomblin has formed the West Virginia Commission on Oil and Natural Gas Industry Safety through an executive order. The commission will be chaired by the governor or his designee and includes secretaries of the departments of Environmental Protection, Commerce, Transportation, and Military Affairs and Public Safety. The commission also includes 10 industry and labor representatives and four legislators.
Utica Shale May Be Next Big Natural Gas Producer
Friday, July 31, 2015
Driven in part by production from the Marcellus and other shale plays, natural gas has surpassed coal as the leading fuel source for U.S. electricity generation. And now a West Virginia University-led study suggests there’s more to come underneath the Marcellus.
Data Confirms Cost Advantage For Blue Bird Propane Buses
Friday, July 24, 2015
School districts across the nation are analyzing how they purchase, service, and fuel their bus fleets to make the best economic decisions for their communities, reports Blue Bird Corp. (Fort Valley, Ga.). By studying total ownership costs—for the life of the bus—school districts can make a more informed decision on how to manage their lifetime fleet expenses.
Canadian Propane Inventories Rise 6.8% in June
Friday, July 24, 2015
Canadian underground propane inventories in June climbed 6.8% to post a month-over-month increase of 87.0 Mcm, according to the National Energy Board (NEB). As of July 1, stocks stood at 1368.6 Mcm, the equivalent of 8.6 MMbbl. Compared to a year earlier, volumes were higher by a sharp 30.7%, advancing 321.2 Mcm.
Westport Innovations Offering Dedicated Liquid Propane Systems
Friday, July 24, 2015
Westport Innovations Inc. (Vancouver, B.C.) said July 7 it will begin offering dedicated, liquid propane fuel systems for 2016 Ford 5.0-liter F-150 pickup trucks. The new system will be in addition to Westport’s CNG package for the Ford F-150. Both fuel option packages are part of the company’s WiNG Power System and are expected to be certified by the Environmental Protection Agency and the California Air Resources Board.
45 U.S. Senate Democrats Release Letter to Governors
Friday, July 24, 2015
Forty-five U.S. Senate Democrats have released a letter to all 50 state governors requesting their comments on national energy policy. The senators outlined their priorities for a national energy policy as investing in clean energy, empowering consumers, modernizing infrastructure, cutting carbon pollution and waste, and investing in research and development.
Virginia Clean Cities Commends Governor for Extending Incentives
Friday, July 24, 2015
Virginia Clean Cities is commending Virginia Gov. Terry McAuliffe for increasing access to funds to help accelerate the conversion of public-sector fleets to alternative fuel vehicles in areas with some of the highest air quality issues in the state. At its June meeting, the Commonwealth Transportation Board (CTB) approved expanding access to the Virginia Alternative Fuel Vehicles Program to local governments.
IPAA Requests Administration Lift Ban on Crude Oil Exports
Friday, July 24, 2015
Independent Petroleum Association of America (IPAA) president and CEO Barry Russell has sent a letter to President Obama in support of efforts to lift the 1970s-era restrictions on exporting surpluses of U.S. crude oil to the global marketplace. In the letter, Russell outlined how repealing the 40-year-old crude exports ban would benefit American consumers, businesses, and national security.
Delaware Introduces Incentives For Clean Transportation Fuels
Friday, July 24, 2015
Delaware Gov. Jack Markell and the state’s Department of Natural Resources and Environmental Control have introduced the Clean Transportation Incentive Program. With $2.7 million in funding initially available, the program includes three rebate programs for purchasing passenger vehicles, tractor trailer trucks, and electric vehicle charging equipment, as well as two competitive grant programs that provide financial incentives for the development of alternative fueling infrastructure.
AHRI Comments Object to DOE Furnace Standards
Friday, July 24, 2015
The Air-Conditioning, Heating, and Refrigeration Institute (AHRI) has filed comments in response to the U.S. Department of Energy’s (DOE) notice of proposed rulemaking on energy conservation standards for residential furnaces (80 Fed. Reg. 13,120). AHRI is objecting to a proposed revised minimum 92% AFUE standard for non-weatherized and mobile home gas furnaces.
Legislation on Tax Parity for Alternative Fuels Passes House
Friday, July 24, 2015
A provision sponsored by U.S. Rep. Todd Young (R-Ind.) that would provide excise tax parity for on-highway propane and liquefied natural gas has been passed in the U.S. House of Representatives. The provision is included in H.R. 3038, a five-month extension of the highway bill. The bipartisan provision ensures that excise taxes are levied at a rate consistent with propane and LNG’s energy output relative to gasoline and diesel.
Mid-Month to Mid-Month: Lower Prices Coming?
Thursday, July 16, 2015
The energy markets this week were focused on the lifting of sanctions on Iran following a deal being struck over its nuclear program. An end to sanctions revived the specter of adding to the persistent global crude oil glut, further depressing already low prices. Analysts reported there was a possibility of up to 1 MMbbld of additional oil quickly flooding the markets, an amount Iranian officials said the nation could deliver within months. U.S.
International: Markets Facing Mixed Prices, Soft Demand
Thursday, July 16, 2015
Royal Dutch Shell is set to embark on a contentious Arctic drilling campaign, spending nearly $3 billion (U.S.) over two years in an effort to strike oil in an area seen as the last undiscovered frontier for the energy industry. In the face of fierce opposition from environmentalists, Shell plans to drill two new wells at sites in the Chukchi Sea, off the northwest coast of Alaska.
Topping Off...
Thursday, July 16, 2015
…The House Oversight and Government Reform Committee July 9 issued a subpoena to Secretary of State John Kerry to provide all reports, recommendations, letters, and comments received by the State Department from advising agencies regarding the permit for the Keystone XL pipeline. The subpoena followed letters to the department on Feb. 24 and June 15 requesting the same documents. To date, the State Department has been unwilling to produce any of the requested materials…
Pipeline Projects Support Prices And Production in Eastern U.S.
Thursday, July 16, 2015
Two major natural gas pipeline projects serving the Marcellus/Utica areas scheduled to come online in August will support further increases in East U.S. production and should be supportive of basis prices in those producing areas, notes the market intelligence consultancy Genscape. However, some of the price gains may be muted by expectations of weak downstream demand growth in markets targeted by the projects.
Marathon Petroleum Subsidiary Merges With MarkWest Energy
Thursday, July 16, 2015
Marathon Petroleum Corp. (MPC; Findlay, Ohio) said July 13 that its midstream master limited partnership, MPLX LP, had signed a merger agreement with MarkWest Energy Partners LP (Denver) whereby MarkWest would become a wholly owned subsidiary of MPLX. The merger would be a unit-for-unit transaction, generally expected to be tax-free, plus a one-time cash payment to MarkWest unit holders. The deal is valued at about $20 billion, including assumption of debt of about $4.2 billion.
EIA Expands Coverage of U.S. Natural Gas Production
Friday, July 10, 2015
The Energy Information Administration (EIA) has expanded its reporting of monthly natural gas production by adding 10 more states. The enhanced coverage, which now includes Arkansas, California, Colorado, Kansas, Montana, North Dakota, Ohio, Pennsylvania, Utah, and West Virginia, broadens EIA’s efforts, previously limited to Alaska, Louisiana, New Mexico, Oklahoma, Texas, Wyoming, and the federal Gulf of Mexico.