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Oil and Gas Roundup — Sept. 27

September 27, 2013
TOPICS: In the news
A roundup of oil and natural gas industry news from around the state, nation and world:

Expanded natural gas compression training center opens in Okmulgee

Oklahoma State University Institute of Technology President Bill Path acknowledged Wednesday the newest building on campus isn't much to look at.

The Chesapeake Energy Natural Gas Compression Training Center is a massive metal warehouse.

“It's practical. It's functional. It's safe. It's efficient,” Path said. “Personally I think it's absolutely beautiful.”

The nearly $5 million training center is the first of its kind in the energy industry, allowing OSU's Institute of Technology to train twice as many students to diagnose, service and maintain gas compression equipment.

Officials celebrated the opening of the new center Wednesday.

Read The Oklahoman story: http://newsok.com/article/3886647.


Day three of shale conference closes with remarks from Newt Gingrich

Speeches of support for the natural gas industry from Pennsylvania political figures dominated the second day of the Shale Insight conference in Philadelphia.

Former Speaker of the House Newt Gingrich encouraged industry members to continue their work in the state, in spite of "entire institutions dedicated to slowing you down."

Mr. Gingrich heavily promoted his upcoming book "Breakout," which he said focuses on the battle between "pioneers of the future" and "prison guards of the past."

Much of Mr. Gingrich's speech focused on the inability of federal agencies, especially the Environmental Protection Agency and the U.S. Fish and Wildlife Service, to effectively protect the environment without squashing job growth.

He blamed the institutional culture of these agencies and said they were incapable of reform.

Read more: http://thetimes-tribune.com/news/day-three-of-shale-conference-closes-with-remarks-from-newt-gingrich-1.1559182.


Pew: Americans support Keystone

Americans, the biggest consumers of energy on the planet, have a complex relationship with the oil and gas industry, and it’s hard to know which way the wind is blowing public opinion.

The Pew Research Center’s latest national survey on American’s thoughts about the industry’s hottest hot-button issues shows that 65 percent of Americans want to see the Keystone pipeline run through the country, and the same portion would like tighter regulations for greenhouse emissions.

At the same time, more than half of the country supports more U.S. offshore drilling, while hydraulic fracturing and nuclear power are increasingly seen as a no-no, according to Pew.

Read more: http://fuelfix.com/blog/2013/09/26/americans-support-for-keystone-oppose-fracking/.


Valero to raise light crude capacity at U.S. Gulf refineries

Valero Energy Corp, the largest U.S. refiner, plans to increase light crude oil processing capacity at several U.S. Gulf Coast refineries through 2018, the company said in an investor presentation.

Valero is moving forward with the projects to increase light crude processing capacity because of ever-growing Texas output that increasingly reaches U.S. Gulf Coast refineries.

In 2015, Valero will start up new crude "topping units" at its 88,000 barrel-per-day Houston refinery and its 200,000 bpd Corpus Christi, Texas, refinery that will come online in 2015, the company said.

The units will help both plants run more lighter crude to maximize the production of gasoline and diesel.

Read more: http://www.reuters.com/article/2013/09/26/valero-refineries-expansions-idUSL2N0HM18O20130926.


Hydraulic fracturing’s publishing boom

The hydraulic fracturing boom in South Texas is giving rise to a publishing boom.

The influx of thousands of oil field workers has boosted local economies, which has been good for local papers such as the Victoria Advocate. The paper started a web site, RigandShale.com, which serves as a hub for energy industry news, job information, and a directory of businesses operating in the area.

The Eagle Ford Shale, though, spans more than 3,000 square miles – far beyond the Advocate’s circulation area — and supports some 117,000 jobs in the region, according to a study by the University of Texas at San Antonio.  It’s no wonder that several publications have started targeting the Eagle Ford as its own community.

Texas Eagle Ford Shale Magazine is a slick publication that caters mostly to the companies operating in the region. The latest issue is 50 pages stuffed with ads for companies supporting the hydraulic fracturing industry. It also has a few articles that range from an essay on “stop-work” authority of rig workers to a piece on the shortage of women in the field, entitled “Where Are The Pink Hard Hats?”

Read more: http://www.forbes.com/sites/lorensteffy/2013/09/26/frackings-publishing-boom/.


Mexico energy reform will bring shale boom

Mexican President Enrique Peña Nieto has spoken forcefully about his plan to address the challenges that have impeded Mexico's economic and social progress.

And recently, he laid out his intention to address perhaps the most contentious: Mexico's energy sector.

Many believe the president will achieve his goal to allow increased private and foreign participation in the oil and gas and power sectors. That's partly due to his political savvy, but also because reform is sorely needed from the standpoint of energy production and the nation's fiscal sustainability.

The prospect of liberalization in Mexico's energy sector has long been of interest to global oil companies and service providers. The country has significant resources, deepwater and unconventional. And the national oil company, Pemex, has been unable to develop much of them, largely due to both insufficient investment capital, and technological capability.

Deepwater is thought to hold the strongest lure, but Mexico's unconventional hydrocarbons potential is great. In 2013, the country's prospective shale gas resources were estimated by the U.S. Energy Information Administration as the sixth-largest in the world.

Read more: http://www.mysanantonio.com/opinion/commentary/article/Mexico-energy-reform-will-bring-shale-boom-4846854.php.
 
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