Eagle Ford Shale

This category contains 17 posts

BHP Billiton Starts Exporting U.S. Oil – Businessweek

The 40-year ban on oil exports is starting to crack without Congress or the Obama administration lifting a finger. On Tuesday evening, just as election results were starting to come in, Bloomberg News and the Wall Street Journal reported that BHP Billiton BHP, the giant Anglo-Australian mining and energy company, would soon sell oil from … Continue reading

Chinese investment flows overseas, especially to US | Markets | Daily Sabah

Chinese companies are on a North American buying spree, investing $14 billion in the U.S. last year alone to hit a record high. Of the investments made the data indicated unconventional oil and gas was top draw, with $3.2 billion invested in deals that include CNOOC’s CEO purchase of Calgary, Alberta-based Nexen Energy’s U.S. operations, … Continue reading

Fuel Fix » US challenges oil export ban with approvals for two Texas companies

The decision falls far short of what oil producers and some of their allies in Congress have been urging — including a wholesale repeal of the trade limits on crude. But it could provide a new avenue for the ultra-light condensate that flows along with crude out of many Texas wells tapping the Eagle Ford … Continue reading

Will U.S. Oil Boom Shatter Ban on Crude Exports? – WSJ.com

U.S. production has led to the beginning of a glut along the Gulf Coast, home to the largest refinery complex in the world. Too much crude is driving down prices there, making producers eager to export some of their oil to places like Europe where prices are higher. via Will U.S. Oil Boom Shatter Ban … Continue reading

When the price is still not right – San Antonio Express-News

Sustained low natural gas prices are prompting producers to push for permits to export it to overseas markets where prices are higher.It sells for more than $15 in Asia.So far, the U.S. Department of Energy has approved only two proposals to liquefy natural gas for shipment to nations with which the United States does not … Continue reading

Austrian Steelmaker Offshores Production To … Texas – Business Insider

The plant, on Corpus Christi Bay, would be built by German industrial conglomerate Siemens and consortium partner, MIDREX Technologies, a US company that was acquired by Japanese steelmaker Kobe Steel three decades ago. The plant will use the MIDREX process to produce Hot Briquetted Iron (HBI), or sponge iron, an “excellent pre-material for the manufacture … Continue reading

The “Mexico Explosion” in Natural Gas

Exports from south Texas exit points have grown by 600%, or 240 Bcf/year, since 2009. At the same time, exports from all other U.S. exit points have increased by only 15%, or 43.5 Bcf/year. via The “Mexico Explosion” in Natural Gas. Interesting article on how the Eagle Ford Shale is having a major impact on … Continue reading

A Closer Look at Exxons LNG Export Venture

Last month, ExxonMobil NYSE: XOM   signed an agreement with Qatar Petroleum that will make it possible for the two companies to export natural gas from their proposed Golden Pass facility in Texas.  If approved, the project could be especially beneficial for the U.K., which has become a major importer of natural gas over the past … Continue reading

Natural Gas Exports to Mexico Skyrocket | StateImpact Texas

Despite all that excitement, a second, quieter, natural gas export boom is already taking place right under our noses. Mexico is importing a record amount of natural gas to create electricity and feed its growing industrial base. Eighty percent of all the gas Mexico imports comes from the United States, and 60 percent comes directly … Continue reading

Much at Stake as Energy Department Weighs Permits for Exporting Natural Gas – NationalJournal.com

“We have what I think is a great dilemma, which is: How do we best and most prudently take advantage of what is a tremendous and important resource?” said Smith, 45, who was born in California and grew up in Fort Worth, Texas. via Much at Stake as Energy Department Weighs Permits for Exporting Natural … Continue reading

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