Egypt

marcellus

Natural gas production from the Marcellus shale formation – primarily from West Virginia and Pennsylvania – exceeded 15 billion cubic feet per day through July, equivalent to 21% of total 2013 US marketed gas production. With the rig count essentially stable, increases in drilling productivity are driving output growth. “…production from new wells is more… Keep reading →

Tamar, The Natural Gas Production Platform Off The Israeli Coast, Is To Begin It's Natural Gas Production

Piping Israeli gas to liquefaction plants in Egypt is the most commercially logical option but remains politically risky. The announcement of a letter of intent between the partners in Israel’s giant Tamar natural gas field and the Spanish owners of a liquefied natural gas plant on Egypt’s Nile Delta coast is a major breakthrough, one… Keep reading →

Dow Drops Below 7000 For First Time In 12 Years

Many investors were left scratching their heads after BG Group sacked chief executive Chris Finlayson earlier this week after a little over a year on the job. The company has faced headwinds in Brazil and crisis in Egypt, but Finlayson’s performance was not terrible, all things considered. BG has gone through 3 CEO’s and 4… Keep reading →

Israeli Navy Holds Training Exercise

In a story rife with geopolitical implications, reports indicate the consortium developing Israel’s Leviathan gas field – which includes US-based Noble Energy – could be close to signing supply deals with Turkey and Egypt instead of sending to gas to Greece and/or Cyprus as previously planned. In an ironic reversal of fortune, Israeli gas could… Keep reading →

Oil Boom Shifts The Landscape Of Rural North Dakota

National Geographic is running a special energy series and a recent article highlights steps companies and environmental groups are taking to reduce the impacts associated with shale gas and oil development. “Natural gas is a potential energy bounty for the country, and development is probably inevitable,” said Ben Ratner, a project manager for the nonprofit… Keep reading →

Jordan’s Energy Balancing Act

Benjamin Netanyahu Visits Jordan

A deal to buy Israeli natural gas can help mitigate the kingdom’s energy shortage and steer Amman away from problematic nuclear plans, but it risks stirring domestic opposition. In February, two private Jordanian firms signed a contract with a private U.S.-Israeli consortium to import natural gas from Israel’s giant Tamar field, located under the bed… Keep reading →

At Least Four Killed As Bomb Blasts Hit Cairo

The military chief has some strong assets and likely staying power, but he will still face great pressure if he is elected as anticipated, since the benchmark for success will be his ability to satisfy an Egyptian polity filled with unrealistically high socioeconomic expectations. The February 24 resignation of Egypt’s cabinet has fed expectations that… Keep reading →

South Australian EPA To Investigate Wind Farm Health Implications

Egypt was recently forced to divert natural gas from LNG export projects to domestic power generation and industrial sectors, and there is no relief in sight. One of the major challenges facing leadership are the substantial energy subsidies that keep gasoline prices below market levels, which is a common issue throughout the region. Keeping the… Keep reading →

A Referendum Vote Is held In Egypt Over A New Constitution

As the sociopolitical situation in Egypt deteriorates, the country’s energy infrastructure is also suffering. Although winter blackouts currently frustrating the population are being blamed on seasonal maintenance, a tight natural gas supply situation could exacerbate matters this summer when air conditioning-demand peaks. In late January, BG Group was ordered to direct gas away from LNG… Keep reading →

President Obama Speaks At Southern Site Of The Keystone Oil Pipeline

This scathing editorial shreds Washington’s energy policy record going back to the Carter administration and calls out President Obama for claiming in the State of the Union address that his administration’s policies were responsible for currently booming oil & gas production. [Forbes] Natural gas is being diverted to domestic grids in Egypt and next year… Keep reading →

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