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Last updateMon, 19 Nov 2018 5pm

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Rush for Natural Gas Sets Off Frenzy

Natural gas prices have moved in one direction this summer, down, and the vast caverns that hold it are dangerously close to reaching capacity, yet since the beginning of the month prices have spiked 44 percent.

A record number of futures contracts were snapped up this week, most likely because buyers didn't see prices for natural gas getting much cheaper.

Source: AP

 

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Open Books on Oil, Gas and Mineral Deals Sought to Protect U.S. Energy and Raw Materials Supply and Reduce Global Instability

A little freedom of information could make a big difference in the stability of U.S. energy and mineral supplies, say congressional leaders and dozens of international activists headed to Washington, D.C., who plan a conference call for the media at noon Eastern on Tuesday, Sept. 22.

 

The "Energy Security Through Transparency Act of 2009," to be introduced next week by Sens. Richard Lugar (R-IN) and Ben Cardin (D-MD), would require energy and mining companies to publish how much they pay to foreign countries and the U.S. government for oil, gas, coal, and other minerals.

 

Source: Publish What You Pay US

 

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Valero Delays $250 Million Louisiana Project to 2012

Valero Energy Corp., the largest U.S. refiner, said it delayed until 2012 the expansion of a crude unit and coker at its refinery in St. Charles, Louisiana, due to poor refining margins.

 

“Valero has postponed several capital projects in order to free up cash on our balance sheet,” Valero spokesman Bill Day said in an e-mail. The project would expand crude processing capacity by 45,000 barrels a day and coking capacity by 10,000 barrels a day.

 

Source: Bloomberg

 

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Water Conference Bridges Atlantic

With a 500-participant, trans-Atlantic crowd and the venue of a science center­—reached by a rollicking boat ride across New York Harbor from Manhattan—the H209 Forum, “Water Challenges for Coastal Cities,” struck an aquatic note from the start. The Sept. 9-10 conference at the Liberty Science Center in Jersey City, N.J., was a joint production of Dutch and New York interests who used the 400th anniversary of Henry Hudson’s historic landfall in New York Harbor to launch a dialogue on mutual concerns about water challenges of all sorts, including increasing demand on water supplies and infrastructure and the prospective effects of climate change on weather patterns, which have potentially dire consequences for densely populated coastal cities.

 

Source: Engineering News-Record

 

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September Expected To Be Big Month for North American Chemical Industry

If you have watched network news or picked up the financial section of a newspaper at all in the last week, you have caught more than one headline on what the month of September means to the confidence of the market's rally during the last few months. Based on spending forecasts in the Chemical Processing Industry (CPI) of North America, September could be one of the biggest months of the year, despite a large number of project cancellations and delays.

 

Source: Industrial Info Resources

 

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