Nat Gas News – November 5, 2018

By Published On: November 5, 2018Categories: Daily Natural Gas Newsletter

Nat Gas News – November 5, 2018

Gas Explosion Levels Empty Mansion Under Renovation

ABC News reported: An apparent gas explosion leveled an empty mansion in an affluent suburb of Philadelphia on Sunday, reducing the 9,000-sq. foot (836-sq. meter) home to rubble and frightening neighbors and others who felt the thunderous boom. The explosion at the Gladwyne mansion happened just after 8 p.m., and was felt as far away as southern New Jersey. The house was undergoing extensive renovations, authorities said, and no one was inside the home at the time of the explosion. It was reduced to a few walls and rubble, as various debris ended up strewn among nearby trees. The family was staying in a second residence when the mansion exploded. Their names have not been released. A spokeswoman for PECO Energy Company said no injuries were reported. The cause of the explosion remained under investigation Monday.

China’s Sinopec, CNPC Speed Up Oil, Gas Drilling to Boost Output

Reuters reported: China’s Sinopec and CNPC [CNPET.UL] are speeding up drilling and exploration from major tight and shale oil and gas formations in the country’s western regions to boost domestic output, according to company reports on Monday. New exploration in shale gas, tight oil and tight gas will lead to growth in production for the country’s largest oil and gas producer, China National Petroleum Corporation (CNPC), the firm’s official newspaper reported on Monday, citing an internal conference from its upstream services unit. The drilling cycle at the Mahu field in Xinjiang, one of CNPC’s largest findings in recent years, fell 40 percent from a year go, CNPC said, implying that oil wells are being completed and produced at a faster rate. Despite having large domestic oil and gas reserves, China has become the world’s biggest importer of crude oil, and this year it is also expected to overtake Japan as the top buyer of liquefied natural gas (LNG). LNG shipments cost China around $25 billion in October alone, according to Reuters calculations.

This article is part of Daily Natural Gas Newsletter


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