US shale will remain the largest contributor to global oil supply growth in the coming years, with domestic production seen increasing by 1 million barrels daily through 2021, reports Goldman Sachs. However, the bank warned that shale resources are nearing a breaking point, noting that Eagle Ford and Bakken shale production has already peaked and both plays have less than 30 years of resources left.
Amazon has adopted a new policy for chemicals management, including a restricted substance list that bars the use of materials such as phthalates and nonylphenol ethoxylate surfactants in products for American consumers.
President Donald Trump on Thursday signed the Save Our Seas Act of 2018 into law, a move praised by the American Chemistry Council and other industry groups. "This important bipartisan legislation reinvigorates existing programs and includes language recognizing the need to address the lack of waste management systems in developing countries," says ACC.
Part of leadership is enabling others to carry on for you after you're gone, writes Ken Downer. Training with succession in mind also creates accountability, empowers people to make decisions and gives you time back in your day, he writes.
The global liquefied natural gas carrier fleet is set to expand by a record number in 2018, with over 70 LNG vessels scheduled for delivery, S&P Global Platts reports. Surging natural gas demand in China and other Asian nations is fueling the growth while improving the LNG market's transparency.
US crude stockpiles gained 6 million barrels last week, reports the Energy Information Administration, exceeding analyst expectations for a 1.61-million-barrel climb. Gasoline supplies added 1 million barrels, while distillate inventories shed 2.7 million barrels.
On Wednesday, the Federal Energy Regulatory Commission authorized Enbridge to begin service on portions of its $2.6 billion, 1.5-billion-cubic-feet-per-day NEXUS natural gas pipeline from Ohio to Michigan. FERC's decision, which will initially enable NEXUS to ship 0.97 billion cubic feet daily, comes days after Enbridge's Texas Eastern Appalachian Lease pipeline began partial service.
An alliance of US business associations, including the American Petroleum Institute, called Tariffs Hurt the Heartland has launched an advertising campaign raising awareness about the negative impact of President Donald Trump's trade tariffs. The group says the tariffs are costing domestic businesses and consumers $1.4 billion monthly, with August tariff costs tripling in Michigan from the same time last year and more than doubling in West Virginia, Texas and Illinois.
Wind is a homegrown energy source and a valuable economic driver in the US, says Philip Warburg, former president of the Conservation Law Foundation. Just as Kansas built wind farms on its prairie, he says Massachusetts and New England can also learn to be open-minded about integration and add projects where they have the smallest impact.
Orsted's purchase of Deepwater Wind won't hinder a planned project under development off the coast of Maryland, says Deepwater CEO Jeff Grybowski. "The new company is committed to building the Skipjack wind farm just as Deepwater Wind planned," he says.
- Page 1