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Author: <span>Shiloh</span>

Investors Unimpressed By Pemex Rescue Plan: Report

July 23, 2019

With Mexico’s state-owned oil company’s debt reduced to junk status by Fitch and Moody’s putting Pemex on negative rating watch, a plan by the state to revive the failing O&G producer probably won’t be enough to help — there could be a resulting debt sell-off, and rescue of the oil company during a crisis could even jeopardize Mexico’s sovereign debt status, reports a new article from The Economist‘s Intelligence Unit….
 

“Small Land Parcels” Sales Up In Houston Area, Down In Central Texas Y/Y: Report

In parcel sales of 200 acres or less, the Houston area is tops, while sales decreases are seen in Central and North Texas, Realtors’ report says

July 18, 2019

Austin and Dallas have had the hottest housing markets over the past couple of years, but when it comes to the sale of relatively small parcels of land, you can’t beat Houston in the Lone Star State….
 

Vistra, Flour, Pioneer, HollyFrontier CEOs Join ExxonMobil’s Woods Among North Texas’ Highest Paid: Report

July 18, 2019

The Dallas Morning News is out with a new list of the highest-paid CEOs in North Texas and among the top 20 companies are the usual suspects — AT&T, Texas Instruments and J. C. Penney Co. — but also energy-related companies like Fluor and Vistra.…
 

Air Liquide’s $140 Million Expansion In Matagorda County

July 18, 2019

Matagorda County along the Texas coast is known for the South Texas Project, a legendary nuclear energy plant, but the county’s largest city is getting a new injection of power and money.

Air Liquide has agreed to invest a total of nearly $140 million in its Bay City facility — $107 million going as a direct investment in Matagorda County — to build a new world-scale air separations unit as part of a long-term agreement with Gulf Coast Growth Ventures (GCGV), an equal partnership between ExxonMobil and SABIC.

The agreement is to supply oxygen and nitrogen from its industrial gas pipeline network to GCGV’s planned ethane cracker facility located near Corpus Christi….
 

Natural gas usage increases: Alex Mills

July 18, 2019

By Alex Mills

The future of the natural gas industry looks bright as supply and demand are expected to increase, and prices are predicted to be stable.

Demand increases will come from the electric power sector and exports, according to the Energy Information Administration at the Department of Energy.

EIA forecasts natural gas consumption by the electric power sector to increase by 1.1 billion cubic feet per day (Bcf/d), or 3.8 percent, from 2018 “as a result of favorable natural gas prices and coal-to-gas swithching.”

Even though the electric power sector is the largest consumer of natural gas, residential and commercial uses are important parts of the total consumption picture. Residential use is forecast to be flat for the remainder of the year, but use by the industrial sector will grow 2.5 percent in 2019, EIA predicts. “Low natural gas prices in recent years have made it economical to use natural gas as feedstock in fertilizer, methanol, ethylene, propylene, and polyethylene facilities,” EIA notes.

EIA estimates that total U.S. natural gas consumption averaged 82.1 Bcf/d in 2018, and EIA expects it to increase by 2.5 Bcf/d (3.1%) in 2019 and then remain almost flat in 2020.

EIA expects large production gains experienced recently to slow somewhat. During the first half of 2019, EIA estimates that dry natural gas production averaged 89.9 Bcf/d, a 12.2% increase from levels in the first half of 2018. In the second half of 2019, EIA expects dry natural gas production to average 92.7 Bcf/d, a 7.1% increase from the second half of 2018….