When you live in a state heavily influenced by oil, saddle up and hold on for the ride. What comes up must come down, and real estate has room on the downside. The real question is really just how much. My clients are all energy professionals, and when I visit with them, nine out of… Keep reading →
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Energy Secretary Moniz and Nevada Governor Sandoval Formalize Working Group to Advance Shared Interests at Nevada National Security SiteBy U.S. Department of Energy
Energy Secretary Moniz and Nevada Governor Sandoval Formalize Working Group to Advance Shared Interests at Nevada National Security Site Department of Energy and State of Nevada also Finalize Record of Decision on Key National Security Activities at NNSS WASHINGTON—U.S. Energy Secretary Ernest Moniz and Nevada Governor Brian Sandoval have signed a Memorandum of Understanding (MOU)… Keep reading →
Energy News Roundup: Private Equity ‘Salivating’ Over Energy, Sieminski’s 5 Energy Takeaways & Rooftop Solar Could Hit InvestorsBy Jared Anderson
The knock-on economic opportunities associated with developing, transporting and consuming energy are widespread and have drawn eye-popping amounts of private equity investment in the past few years. “That opportunity has the private equity industry salivating. PE funds have raised $157 billion since 2009 to invest in energy, according to data from intelligence firm Preqin. And… Keep reading →
Energy News Roundup: Halliburton-Baker Hughes Merger? Antarctica Melting From Below & Report Urges Hydro One BreakupBy Jared Anderson
The Wall Street Journal reported late Thursday that oil services giants Halliburton and Baker Hughes were involved in “quickly progressing” merger negotiations, which caused shares of both firms to jump. “The Journal, citing unidentified people familiar with the matter, said talks were progressing quickly and a deal could come soon.” [Fuel Fix] A new study using… Keep reading →
Ankara’s security and political concerns may drive it to establish buffer zones unilaterally, while Washington’s hesitance could cost it a coalition. Since the armed phase of the rebellion against Bashar al-Assad began in summer 2011, Turkey has been intent on setting up safe havens and accompanying no-fly zones in northern Syria to protect areas held… Keep reading →
Energy News Roundup: $5.4B Southwestern Energy Deal, Scottish CCS Project and Lockheed Martin Compact Fusion ReactorBy Jared Anderson
Southwestern Energy agreed to acquire Marcellus and Utica acreage and equipment from Chesapeake Energy for $5.4 billion. “The early drilling in both the liquids-rich Marcellus and emerging Utica plays has confirmed the resource potential and the economic strength of a long-term development program,” Southwestern CEO Steve Mueller said in a written statement. [Fuel Fix] A… Keep reading →
Bakken crude producers and midstream transportation companies already experience transportation woes related to inadequate pipeline infrastructure, railroad capacity, tank car supply, rail accidents, and new regulations. But they also increasingly face a new problem: lawsuits. In September alone, the Sierra Club, one of the largest environmental organizations in the United States, filed two lawsuits challenging different aspects of crude-by-rail transportation. First, on the national level, the Sierra Club seeks to stop the transportation of crude oil in allegedly outdated and unsafe tank cars. And second, at the state level, the Sierra Club accuses a local agency of illegally permitting a rail-to-truck facility.
“This is an open door for the storage industry to play if they are able to match the value and economics of a peaker.” A groundbreaking agreement between Arizona Public Service (APS) and Arizona’s ratepayer advocate could create a surge of new storage deployment in the state over the next seven years. Late last week,… Keep reading →
In light of a marked increase in the number of gas divestments taking place in the Canadian oil and gas sector, Ernst & Young recently looked at a number of forces that are driving companies to shed assets thereby identifying four dimensions – deal strategy, cost management, speed and risk mitigation – as crucial for any… Keep reading →