News

11.21.12

Natural Gas Research 'Space Race' Is On

It has taken a couple of years for the energy industry to acknowledge a new reality: Natural gas availability is soaring in contravention of forecasting models that have been in use for decades, and the fuel is set to transform everything from power generation and transport to chemicals and even the trade deficit.

 

11.20.12

Industry Vet Sets Sights on Marcellus 2.0

In the latter part of the previous decade, attractive natural gas wellhead prices and technological advances in exploiting shale formations prompted an exodus to Appalachia. Some of the companies flocking to the Marcellus shale formation and its enormous store of natural gas willingly paid landowners several thousand dollars per acre merely to stake their claim and, when the time was right, flip their leaseholdings for a handsome profit to another speculator or to an operating company.

 

11.16.12

Sabre carves out fracking business outside NY

The hydrofracking boom has bypassed New York thus far, but one local company is cashing in on the controversial gas drilling technology. Sabre Technical Services LLC in Slingerlands has rigs that clean and recycle millions of gallons of water needed to extract natural gas from deep rock formations in Texas, Arkansas, Wyoming, Oklahoma and other states.

 

11.14.12

Acceleration of the Natural Gas Highway

Clean Energy Fuels announced today that it is teaming up with GE to continue development of what Clean Energy calls "America's Natural Gas Highway." In particular, Clean Energy has agreed to buy two MicroLNG plants from GE Oil and Gas (with up to $200 million in GE financing), to be operational by 2015.

 

11.12.12

U.S. to become biggest oil producer - IEA

The United States will overtake Saudi Arabia to become the world's biggest oil producer before 2020, and will be energy independent 10 years later, according to a new forecast by the International Energy Agency.

 

11.08.12

NY anti-fracking candidates fared poorly at polls

Anti-fracking sentiment in the Southern Tier was felt at the polls this week when candidates opposed to drilling were beaten up and down the ballot after intense campaigns, some that were framed as referendums on shale gas development.

 

11.07.12

How Natural Gas Kept Some Spots Bright and Warm as Sandy Blasted New York City

A natural gas grid helped at least two large energy users -- New York University and Co-op City (a vast high-rise housing complex in the Bronx) -- stay warm and bright during Sandy because, to a significant extent, they can generate their own electricity and heat.

 

10.25.12

Explain ground rules for natgas export decision -Sen. Wyden

The U.S. Energy Department needs to explain how it will determine whether to allow more exports of the nation's bountiful supplies of natural gas, Senator Ron Wyden, a top Democrat on the Senate Energy Committee, said on Tuesday.

 

10.24.12

Hundreds march on Capitol to push for hydrofracking now

More than 600 supporters of expanded natural gas drilling in New York marched to the west side of the Capitol Oct. 15 in protest of the state's current moratorium on high-volume horizontal hydraulic fracturing.

 

10.24.12

America's New Energy Future: The Unconventional Oil and Gas Revolution and the US Economy

Across America's widening energy landscape, the economic impacts of unconventional oil and natural gas are increasingly discernible. These effects are visible within the energy value chain and are extending into the broader reaches of the US economy. The focus of this research series is to assess the evolving economic contributions of unconventional oil and natural gas development activity. This study seeks to quantify how unconventional activity creates economic value in the broader economy through an examination of the exploration and production activity.