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Last updateMon, 20 Nov 2017 7pm

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Nebraska Approves Keystone XL Pipeline Route

By a vote of 3-2, the Nebraska Public Service Commission approved an order giving TransCanada the go ahead to build the Keystone XL Pipeline utilizing the proposed Mainline Alternative Route. This is one of three proposed routes included in the application filed by TransCanada Keystone Pipeline. L.P. for the Keystone XL Pipeline through Nebraska. The decision follows a more than nine-month long legal process.

"As a result of today's decision, we will conduct a careful review of the Public Service Commission's ruling while assessing how the decision would impact the cost and schedule of the project," said TransCanada president and CEO Russ Girling. 


Energy Outlook Shows a World in Transformation

The resurgence in oil and gas production from the United States, deep declines in the cost of renewables and growing electrification are changing the face of the global energy system and upending traditional ways of meeting energy demand, according to the World Energy Outlook 2017. A cleaner and more diversified energy mix in China is another major driver of this transformation.

Over the next 25 years, the world’s growing energy needs are met first by renewables and natural gas, as fast-declining costs turn solar power into the cheapest source of new electricity generation. Global energy demand is 30% higher by 2040 – but still half as much as it would have been without efficiency improvements. The boom years for coal are over — in the absence of large-scale carbon capture, utilization and storage — and rising oil demand slows down but is not reversed before 2040 even as electric-car sales rise steeply. 

U.S. Shale Output Expected to Rise Again in December

“U.S. shale production for December is expected to rise for a 12th consecutive month,” according to the Energy Information Administration (EIA), “as oil prices remain near their mid-2015 highs.”

Reuters reports that “projected gas output would increase in each of the major shale basins in December, with the biggest increase in the Appalachia region, which includes the Marcellus and Utica shale formations.” 

$10 Billion Plastics Manufacturing Plant Planned in TX

ExxonMobil and SABIC are planning to build a $10 billion plastics manufacturing facility in San Patricio County, TX. The project, Gulf Coast Growth Ventures, is the end result of the abundance of low cost U.S. natural gas.

Gulf Coast Growth Ventures will be the world’s largest ethane steam cracker plant capable of producing 1.8 million tons of ethylene per year, which would feed a monoethylene glycol unit and two polyethylene units. Construction is anticipated to begin in 2019 and should be completed by 2021. 

ExxonMobil Creating Super-Long Shale Oil Wells

ExxonMobil Corp. “recently finished four wells in North Dakota’s Bakken region that extend sideways for 3 mi (4.8 km), Barclays Plc analyst Paul Cheng said in a research note after meeting Exxon executives, and it’s closing in on the 4-mi mark,” Bloomberg reports.

“Although famously late to the shale revolution that’s disrupted the global oil industry, Exxon now appears to be transferring breakthroughs it made in the icy Russian Far East a decade ago to its North American fields. In 2007, from a perch on remote Sakhalin Island, the company drilled a total of 7 mi down and then sideways to reach a cluster of oil fields beneath the Sea of Okhotsk.” 

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