Natural gas
-Industrial use of gas is expected to grow 19% by 2020, according to a report by the Center for Energy Economics at the University of Texas. Via the Oil & Gas Journal, the study’s reference case includes 103 projects representing total spending of $83 billion — including 14 ethylene plants ($26 billion), 22 methanol and ammonia plants ($18 billion) and five gas-to-liquids projects ($14.7 billion), among other projects.
-Golden Pass Products — a joint venture of ExxonMobil and Qatar Petroleum International — filed an application to build and operate an LNG export facility at the existing Golden Pass LNG import facility in Sabine Pass, Texas. Golden Pass is expected to invest approximately $10 billion over five years to build the proposed facility, pending regulatory approval and a final investment decision to come next year.
-Oxea Corp. last week declared force majeure for four products after a production malfunction at its Bay City, Texas, facility left it unable to resume full production.
-A Canadian National Railway train carrying crude oil derailed in Alberta on Friday morning, but there were no injuries or fire and the crude cars were intact, Reuters reports. The slow-speed accident occurred near the town of Whitecourt. The cause is under investigation.
-BP agreed to sell approximately 270,000 acres of natural gas-rich property in the Texas Panhandle to Pantera Energy for $390 million. Via FuelFix, the property includes 500 operated natural gas wells in Sherman and Moore counties that produce roughly 27.6 million cubic feet of natural gas equivalent per day.
