New Mexico Energy News

03.27.18

U.S. on pace to become a leader in LNG exports

More than half of all U.S. LNG exports went to the Asian and Mexican economies last year.

 

03.26.18

Canada's Crude-by-Rail Terminals Sit Idle as Oil Glut Grows

Insufficient pipeline space prompted Canadian crude producers to increase crude-by-rail shipments, but a shortage of locomotives is keeping oil-by-rail terminals operating below capacity. Rail companies will likely resist adding more locomotives...

 

03.23.18

Report: Coal's tipping point near, but climate goals are not

Declines in coal power plant construction in China, India and the U.S. are projected to push the heavily-polluting fuel over the edge - but not fast enough to meet international climate change goals, environmental groups said Wednesday.

 

03.16.18

Permian gas production surge faces looming market, infrastructure constraints

Natural gas production in the Permian Basin hit a record of about 7.2 billion cubic feet per day earlier this month, but market constraints and a lack of infrastructure threaten to kill the momentum...eastbound pipeline capacity from the Permian is limited at just 2.8 billion cubic feet per day.

 

03.15.18

U.S. petroleum demand near its highest levels in 11 years

Led by gasoline and seasonal demand for heating fuels, U.S. petroleum demand hit 20.3 million barrels per day in February.

 

03.15.18

Senators want US to use all options to oppose Nord Stream 2 pipeline

Thirty-nine US senators urged the Trump administration to use all tools at its disposal - including a provision in the 2017 Countering America's Adversaries Through Sanctions Act (CAATSA) - to prevent construction of the Nord Stream 2 natural gas pipeline.

 

03.12.18

New Mexico marks record year for oil production

Oil producers have set a record for the number of barrels pumped in New Mexico last year, and industry experts said Monday that output from the basin that straddles the Texas-New Mexico border is expected to double over the next several years.

 

03.09.18

New studies project that offshore energy development will significantly increase U.S. jobs, domestic spending, investments and state revenues

Atlantic OCS - $260 billion. Pacific OCS - $160 billion. Eastern Gulf OCS - $118 billion. Alaska OCS - $53.4 billion.

 

03.09.18

Oil industry: Trump's offshore drilling plan could add $590B to economy

"Ultimately, the studies confirmed... opening the currently restricted areas would increase economic benefits, not only specifically for the coastal regions near the offshore development, but also nationally as well..."

 

03.07.18

Zinke says Interior should be a partner with oil companies

"Interior should not be in the business of being an adversary. We should be in the business of being a partner,"