U.S. oil and
natural gas companies continue to lead in investing in the domestic economy, with five companies among the Progressive Policy Institute's top 25 in 2014 U.S. capital expenditures.
Not exact matches
The facts: This 10 - year investment by Exxon, which focuses on 11
natural gas projects, began in 2013 and is expected to
continue through 2022, the
company said.
ExxonMobil (xom) has evacuated non-essential staff working in the highlands of Papua New Guinea due to unrest in the area, but operations are
continuing at its PNG LNG liquefied
natural gas project, the
company said on Thursday.
The
company expects coal demand to rise in the coming year, but relatively low
natural gas prices will
continue to add downward pricing pressure.
Ukrainian officials have blamed Putin for this
continued unrest, but it should be noted that Ukraine is a major transit route for
natural gas exports to Europe from Russia, and now Russia is warning Ukrainian officials that they need to pay back the $ 2.2 billion debt owed to the Russian
natural gas company Gazprom.
The tiff is a mirror image of the fights produced when pipeline
companies overbuilt
natural gas capacity in Alberta in the 1990s, which has led to problems that
continue today.
The
company claims its technology can produce steam at a cost of $ 3 per million BTUs, based on U.S. National Renewable Laboratory calculations;
natural gas currently costs some $ 4 per million BTUs, though that price may
continue to fall as
natural gas freed up by fracking floods the market.
In fact, Duke Energy expects its business mix from
natural gas to expand from 8 % today to 15 % in 10 years as the
company continues expanding its infrastructure.
In fact, no operating
natural gas company would consciously throw away 14 percent of its profits by
continuing to allow 14 percent leakage.
As America's
natural gas and oil
companies continue to develop their workforce of the future, they've got a great story to tell.
[McCarthy
continues:] However, it is important to note that under the proposed carbon pollution standard for new power plants,
companies would not be required to build
natural gas combined cycle units; they would be required to meet a standard of 1000 lbs / MWh, which can be met either through the use of
natural gas or by burning coal along with carbon capture and storage [CCS].
As
companies and the country
continues to modernize the
natural gas infrastructure base and connect homes and businesses to this system, new opportunities arise to lower consumer bills, improve energy efficiency, and achieve low - cost emissions reductions by leveraging this existing infrastructure and the nation's abundant
natural gas resources.
These
companies have known for decades that their products — coal, oil, and
natural gas — cause harm, yet even today they
continue to fund front groups and trade associations who seek to sow confusion about climate science and block policies designed to reduce the heat - trapping emissions that cause global warming.
German energy
company EWE AG wants to test using an underground
gas storage cavern for storing hydrogen produced from wind and solar power, as the need for regular
natural gas storage has declined over the past years — a trend that is bound to
continue with the declining use of fossil fuels, writes Christian Schaudwet for bizz energy.
Oil prices will
continue to drop, fossil fuels will
continue to supply more than three - quarters of world energy use in 2040, and
natural gas is expected to grow the fastest impacting on economies,
companies, communities, and individuals.
But the sharp drop in coal prices, under competition from cheap
natural gas, and a string of bankruptcies among leading US coal
companies has inadvertently revealed the coal industry's
continued support for climate denial - even as oil
companies moved away from open rejection of the science.
Rather than invest where the best tax regime can be found, oil and
natural gas companies invest where the resource is located,
continuing to spend billions of dollars on new and existing domestic projects each year despite U.S. tax rates that are the highest in the developed world.
Investors are obliged to weigh any number of unknowns: will Venezuela increase production and keep heavy oil differentials high; will the price of
natural gas rapidly rise; will climate change suddenly force governments to introduce carbon taxes; can the
companies control their labour and construction costs; will global demand
continue to rise?