-Shale gas produced in the UK could supply 41% of the country’s total gas needs by 2035, according to a new report by National Grid. The report said a lack of investment in shale gas drilling would put the UK in the position of importing 91% of its gas in the same time frame.
-Via Bloomberg, nuclear power firm Exelon Corp. acquired Annova LNG, a startup that is in the early stages of building an LNG export terminal in Brownsville, Texas. The Annova facility is set to begin operating in early 2019 and will ship two million tons of gas per year to non-free-trade-agreement countries, pending federal approval.
-Platts examines the Commerce Department’s recent decision to allow exports of condensate that has been stabilized and how it may lead to safer transport of Bakken oil by rail. The incentive to stabilize condensate to make it legally exportable would, in theory, make Bakken crude less volatile — and possibly result in a wave of capital expenditure on stabilization and distillation equipment. Some experts believe, however, that many shippers would still prefer to send crude oil to the nearby Canadian market, which is permitted by law.
-Only 17% of oil, gas, energy and utility manufacturing companies surveyed by the Ponemon Institute said they are using top-of-the-line technology to protect against cyberattacks. Via The Hill, just 28% said security is among their companies’ top five priorities.
-Occidental Petroleum announced several personnel changes and new executive responsibilities in the wake of appointing two of its executives to top positions at California Resources Corp. (CRC). Vicki Holub was promoted to president of Occidental Oil and Gas, filling a position previously held by newly appointed CRC Chairman William Albrecht. Oxy Executive Vice President Willie Chiang will assume responsibility for OxyChem and government affairs.
