Shale gas is natural gas formed from being trapped within shale formations. Shale gas has become an increasingly important source of natural gas in the United States over the past decade‚ and interest has spread to potential gas shale’s in the rest of the world. In 2000 shale gas provided only 1% of U.S. natural gas production; due to rising oil prices gas prices have also been affected by the rise therefore there was big demand for gas in the US which in 2010 it was over 20% and the U.S. government’s
Premium Natural gas Petroleum United States
3Natural Gas Business in Indonesia Introduction Gas is an energy future of Indonesia. It is a fact that cannot be denied anymore. Based on existing data‚ throughout 2010 there were new discoveries of gas reserves are significant enough to achieve 2.09 trillion cubic feet‚ while the discovery of oil only amounted to 140 million barrels only. On January 1‚ 2011‚ proved reserves position and potential of gas in Indonesia reached 153.72 trillion cubic feet of proven and potential reserves and crude
Premium Natural gas
Natural gas accounts for around 10% share of the overall energy consumption in India. Widening demand and supply gap has resulted in increasing natural gas imports in the form of LNG (Liquefied Natural Gas). The natural gas imports are expected to rise significantly over the next five years. The rising concern of Green House Gas emissions and low price of natural gas is driving the demand for natural gas in India. Government is promoting natural gas production in India by introducing new pricing
Premium Natural gas
Natural Gas‚ Pollution‚ and Our Environment In today’s society there is a great need for environmental protection. Things that happened during our parents and grandparents age have caused a great concern for our ozone‚ our air‚ and our environment. You constantly hear about the many sources of pollution‚ but we hardly ever hear about the solutions. In this paper I will present one possible solution to the air pollution problem that has been caused by too many automobile emissions being released
Premium Carbon dioxide Global warming Fossil fuel
Introduction India and Myanmar have attracted considerable interest from international oil and gas companies (IOCs) in recent years following a number of significant discoveries in the Bay of Bengal. Now it appears that Bangladesh is ready to tempt the worldwide petroleum industry into investigating the untapped gas potential of its offshore acreage. The country is preparing to launch its Third Licensing Round towards the end of the year‚ after the Bangladesh High Court in July 2006 partially vacated
Premium Petroleum Natural gas Electricity generation
Title Name Subject Date Pros and Cons of Natural Gas Drilling Fossil fuel has a high demand in any country. In this century‚ the innovations in the 21st century enable the country to do exploration and invent other drilling technologies. The drilling technologies make it possible for easy accessibility of the reserves that were previously inaccessible. The Marcellus Shale has a lot of natural gas and this has brought development to the developments in the three states. The developments include
Premium Natural gas Petroleum United States
The natural gas industry in Trinidad and Tobago began with the discovery of gas on land at Mahaica in 1955 by Dominion Oil‚ however the first major natural gas discovery (One Trillion Cubic Feet (Tcf)) was off the East coast of Trinidad by Amoco in 1968 in the Teak offshore field. This was followed up in 1973 by a 2 Tcf find in the South East Galeota acreage. There was however production and utilization of gas before this date. Although the dates referred to mark the first large finds of natural
Premium Natural gas Petroleum
source of energy called natural gas‚ found deep within the Earth’s crust. Commercials created by these companies state that natural gas is easy retrieve‚ cheap and clean burning. However‚ these commercials fail to explain that one of the processes of retrieving natural gas‚ or hydraulic fracturing‚ is extremely harmful to the environment. Hydraulic fracturing‚ or “fracking”‚ is the process of injecting millions of gallons of water into the ground to crack shale rock around a gas well. When the shale
Premium Natural gas Oil well Renewable resource
report “LPG Market Analysis By Application (Residential/Commercial‚ Chemical‚ Industrial‚ Auto Fuel‚ Refinery)‚ By Source (Refinery‚ Associated Gas‚ Nonassociated Gas) And Segment Forecasts To 2020‚” is available now to Grand View Researchcustomers and can also be purchased directly at http://www.grandviewresearch.com/industry-analysis/liquefied-petroleum-gas-industry Further key findings from the study suggest: • The global market for LPG was 261.60 million tons in 2013 and is expected to reach
Premium Petroleum Years in the future Marketing
Forecasting Natural Gas Prices Abstract In this project we will model and forecast the natural gas prices over the short-term through the development of the Error Correction Model (ECM). This is presented as the best predictive model among various alternatives. To build this model‚ we gathered the oil prices to analyze the impact of the changes in these prices on the changes in natural gas prices. The results of the forecasting exercise‚ carried out using the US Natural Gas 3 Months Strips
Premium Natural gas Econometrics Regression analysis