High Gas Prices Prompt Bush's Decision To Lift Ban On Offshore Oil Drilling

The U.S. Energy Information Administration (EIA) reports that the average retail price for regular gasoline on Aug. 31 was $2.51 per gallon – the lowest price for the Monday before Labor Day since 2004 and 95 cents lower than the Monday before Labor Day last year. EIA’s chart: EIA explains: Declines in crude oil prices… Keep reading →

Future Uncertain For Nuclear Energy In California

The UN atomic energy agency has received documents from Iran on its proposed nuclear programme initiating the country’s anticipated international clearance. [UN News Center] The recent Gold King accident has heightened a debate here over the future of the Mountain Region’s old mines, amid the risk of toxic demise that could occur at any of… Keep reading →

lng terminal spain

The historic conundrum of developing Liquefied Natural Gas (LNG) as a marine fuel has a chicken versus egg element to it. Vessel operators interested in LNG are hesitant to make the commitment to build and/or convert ships to LNG without a guaranteed fuel supply. There is plenty of capital willing to build LNG liquefaction facilities,… Keep reading →


President Obama has committed the United States to the goal of generating 20% of its electricity from renewable sources by 2030. “This would nearly triple the amount of wind- and solar-generated electricity on the national grid. The EPA ran afoul of the law by failing to conduct a cost-benefit analysis before it acted to reduce… Keep reading →

Europe Fears Cuts In Natural Gas From Russia

A new E3G Briefing Paper calls into question official EU projections regarding EU gas demand, which raises important questions about the economic viability of new gas import infrastructure – both pipelines and especially LNG terminals – and, by extension, about gas supply diversification efforts to enhance overall EU energy security. The following chart shows that… Keep reading →

An tanker is docked on June 05, 2010 off

One of three Chinese state-owned oil majors, Sinopec Group, is interested in investing in the US liquefied natural gas (LNG) sector. Jack Yu, managing director of Sinopec D.C., which handles government relations with the US, said last week that Sinopec wants to make minority investments in US shale oil and gas projects as China seeks… Keep reading →

KARAMAY, CHINA - AUGUST 15: (CHINA OUT) Farmers work at a garden near the Karamay Oil Field under the Tianshan Mountain on August 15, 2004 in Karamay of Xinjiang Autonomous Region, west China. The nation's largest oil and gas producer, China National Petroleum Corp (CNPC) on August 22, 2005, reached an initial agreement with PetroKazakhstan Inc to buy the Canadian-registered company for US$4.18 billion, topping the bid from an Indian rival. The State-owned parent of Hong Kong-listed PetroChina, has produced 15.63 million tons of crude oil and 1.9 billion cubic metres of natural gas from its overseas fields in the first half of this year, according to a CNPC official. (Photo by China Photos/Getty Images)

China, the world’s largest energy consumer, saw its natural gas output fall 2 percent in May from the same period a year earlier, official data showed last week. Reuters said it’s the second straight month of declines as the market expects Beijing to announce an additional price cut for the fuel in the coming months to… Keep reading →

japan LNG

Lower oil and liquefied natural gas (LNG) prices, both off by around 40 percent and 60 percent in the past year respectively, will continue to change the global energy landscape, impacting everything from when and if new energy projects go forward, capex spending decisions at integrated oil majors, and even geopolitics. There is not much… Keep reading →

Freezing Temperatures Continue To Grip The Country

Lower oil and natural gas prices have yet to find a floor since plunging last year. Oil prices, both global bench mark ICE-traded Brent and New York Mercantile Exchange traded West Teas Intermediate (WTI) crude prices have plunged by around 40 percent since this time last year amid decreased global oil demand and a supply… Keep reading →

lng terminal spain

Talk of building liquefied natural gas (LNG) receiving terminals in the Philippines has been ongoing for years. However, those talks mostly lead nowhere amid regulatory and financing hurdles, as well as companies trying to appease not only officials in Manila but provincial officials who often scared away international business with their under the table demands… Keep reading →

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