As expected, federal regulators have approved a new physical security standard for the high-voltage electricity grid.
On November 20, the Federal Energy Regulatory Commission approved Reliability Standard CIP-014-1 (Physical Security). The standard, proposed by Commission-certified Electric Reliability Organization North American Electric Reliability Corporation (NERC), is designed to enhance physical security measures for the most critical parts of the nation’s “bulk-power system,” the high-voltage backbone of the nation’s electric grid.
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 →
In this LEVICK Daily video interview, LEVICK’s Lanny Davis and Jessica Lenard examine how the 2014 midterm elections will impact public policy moving forward. While there is no clear consensus on precisely what to expect on Capitol Hill, in state legislatures, and in local jurisdictions across the country, there are pressing issues that will no doubt warrant elected officials’ attention.… Keep reading →
Record setting US oil production growth is altering physical oil flows, flipping supply-demand fundamentals and leaving market observers searching for tools that can provide insight into these new price formation elements. Pipeline reversals and infrastructure expansion along the Gulf has debottlenecked the Cushing, Oklahoma storage hub, which has redrawn traditional oil grade basis differentials. Energy market… Keep reading →
In one of the more honest assessments of current Saudi Arabian oil policy, Rice University’s Jim Krane said there are several plausible reasons behind the Saudis’ apparently sanguine approach to falling global oil prices, but only a few within the Kingdom really know. “If you’re somebody who looks at geopolitics and energy, you could come… Keep reading →
A previous article explained why the Arctic is currently a central theme in world politics. Canadian Professor Michael Byers established this thesis during a highly informative event hosted by the Center for Strategic & International Studies (CSIS) – entitled “Passing the Arctic Council Torch” – that brought together leading Arctic experts from government and academia… Keep reading →
The North American Gas Forum was held in Washington D.C. Sept 28-29. The event brought together leaders from across the natural gas supply chain to discuss the latest developments and important issues in the industry today. Keynote speakers were Adam Sieminski, Administrator of the U.S. Energy Information Administration discussing the impressive growth in gas and… Keep reading →
It is no news that across the African continent infrastructure investment and thus development has lagged behind. According to estimates by Jean Claude Gandur, founder of Addax Energy, Africa has been investing 4 per cent of its GDP in infrastructure, compared to China’s 14 per cent. Nevertheless, a recent report by the World Economic Forum,… Keep reading →
In response to Superstorm Sandy, DOE has announced the first federal regional gasoline reserve to create one million barrels of gasoline storage in the Northeast. On May 2, 2014, the Department of Energy (DOE) announced establishment of the first regional refined petroleum product reserve creating one million barrels of gasoline storage in the Northeast. The action,… Keep reading →
BP announced yesterday it will sell interests in four Alaska North Slope assets to Hilcorp, a comparatively small, independent, Texas-based operator. BP says the divestment will help focus on increasing output from the giant Prudhoe Bay field and an ambitious LNG export project. “There are some big benefits from this transaction,” said Janet Weiss, President… Keep reading →