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Canadian drilling is reviving, but producers are switching targets by turning away from natural gas and concentrating on oil as their prices stay on diverging courses. The new focus for hydraulic fracturing techniques is "tight oil."
Global upstream capital spending in 2010 likely will exceed $380 billion, led by a "spectacular" recovery in the United States, Wood Mackenzie said in a new report.
In the midst of a regional trucking transportation hub in the Inland Empire 50 miles east of downtown Los Angeles, a regional government association is leveraging state and federal grants totaling nearly $20 million with a major national trucking company, Ryder System Inc., to put hundreds of compressed natural gas (CNG) and liquefied natural gas (LNG) rigs on the road.
In the story published Wednesday, "IHS: Technology to Push Domestic Reserves 'Well Over' 3,000 Tcf" (see Daily GPI, Aug. 15), IHS Inc.'s Pete Stark was misquoted. He said the United States today was "talking about launching U.S. exports," not imports. NGI regrets the error.
Piedmont Natural Gas has completed its Wayne County Pipeline Project, which will provide natural gas delivery service to a new gas-fueled combined-cycle power plant at Progress Energy's H.F. Lee Energy Complex near Goldsboro, NC, the company said Monday.