Yesterday MDN editor Jim Willis attended the 12th Annual Platts Global Energy Outlook Forum in New York City. Christmastime is a great time to visit NYC. The conference opened with a talk given by Paul Ferneyhough, Repsol’s executive director for North America. The big news from Ferneyhough’s talk and subsequent remarks later in the day is that Repsol plans to ramp up production on their Marcellus acreage located in northeastern Pennsylvania by another 50% by 2020. Ferneyhough said the company, just last week, added a second drilling rig in the Marcellus. That one extra rig will allow them to quickly ramp up production. Several other news outlets, including Reuters, published news of the 50% increase. What they don’t tell you is how Repsol will manage to get that increased production to market, and what they can’t tell you is the added information Ferneyhough told Jim in a private conversation following his presentation.
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Category: Repsol
Top 10 Drillers in All of PA, by Number of Permits Issued
Yesterday we brought you the “Top 10” drillers in southwestern Pennsylvania, as ranked by the number of permits issued (see Top 10 Drillers in SWPA, by Number of Permits Issued). Today we’re bringing you the Top 10 list of drillers by number of permits issued for the entire state of PA. As you might imagine, the picture statewide is quite a bit different from looking at only SWPA. Yes, some of the same companies are in both lists–but only three are in both lists (Range Resources, EQT and Rice Energy). Our Top 10 list is extracted from a list prepared by the (must read) Pittsburgh Business Times…
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Repsol’s Eastern Canadian LNG Export Plant “On Hold”
In early 2015 Spanish oil giant Repsol accelerated plans to build an LNG export terminal on the coast of Saint John, Newfoundland (see Repsol Accelerates Plan for Canadian LNG Exports Fed by Marcellus). The Canaport LNG project, as it’s called, is one of five potential projects we identified in eastern Canada back in August 2014 that will potentially export Marcellus/Utica gas (see List of LNG Export Projects for Marcellus/Utica Shale Gas). Last fall the Canaport project received approval from the Canadian National Energy Board to proceed (see 3rd Eastern Canada LNG Export Plant Receives Approval). However, LNG World News is reporting they’ve received an email confirmation from Repsol that the company is slamming on the brakes with respect to the Canaport LNG export project…
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Repsol Not Happy with Spectra’s Atlantic Bridge, Pipeline Reversal
A number of Canadian LNG export facilities being planned for eastern Canada are dependent on obtaining cheap, abundant Marcellus and Utica Shale gas from the U.S. Today we highlight news of a new (to us) entrant into the LNG race, AC LNG (see our companion story). How will Marcellus and Utica Shale gas get to the northern reaches of Canada? Via the Maritimes & Northeast Pipeline LLP (M&NE), a pipeline that stretches from the Boston area all the way to the northern reaches of Nova Scotia. Historically the M&NE pipeline has brought natural gas south, from Canada to the U.S. One of the sources of the gas traveling south on the M&NE is the Canaport LNG facility in New Brunswick–which imports LNG and regassifies it and sends it out over the M&NE. Repsol, a huge Spanish oil company, is the owner of the Canaport facility. So it’s no surprise that Repsol is sounding the alarm and asking the question: What happens to the gas we send south if M&NE reverses its flow and begins sending gas north?…
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Marcellus Companies Among Winners at Platts Global Energy Awards
Publishing company Platts held their annual Global Energy Outlook Forum yesterday on Wednesday in New York City. MDN editor Jim Willis has gone for the past couple of years–but this year Platts uninvited media, including MDN, to attend. So unfortunately we have no news for you from the Forum. However, Platts holds an evening award ceremony each year, following the Forum. It’s called the Platts Global Energy Awards and Wednesday was the 17th running of the awards. Energy companies from seven countries won 18 awards. One company, a company with a growing presence in the Marcellus/Utica, stole the show by winning three awards. That company was Repsol, the Spanish oil giant with a love affair with American shale. Here’s a recap of the event, and the list of winners…
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