LNG

Louisiana Oil Industry Recovers From Katrina Devastation

Many are calling for Department of Energy to speed up the natural gas export approval process. A new study by McKinsey Global Institute finds LNG exports “would decrease the U.S. trade deficit by between $11 billion and $27 billion each year.” [The Hill] Siting renewable energy projects on brownfields – land contaminated by industrial activity… Keep reading →

Rain And High Winds Battering The UK

Australia is poised to overtake tiny Persian Gulf natural gas powerhouse Qatar as the world’s largest LNG exporter in coming years, but cost overruns, labor issues and fierce competition for resources have caused project delays or cancellations. So many are wondering which projects ultimately get built, when will they come on stream and how much… Keep reading →

Oil Boom Shifts The Landscape Of Rural North Dakota

The tight oil being developed in North America is certainly not the lowest-cost oil in the world. But of the opportunities available to major oil companies, relatively low cost is just one of many advantages it offers over other sources of production. “The shale revolution has changed the competitive landscape, because every investment decision we… Keep reading →

Exxon Valdez Oil Disaster-15 Years Later

Natural gas has been gaining global market share from oil for several years, but gas markets remain fragmented and a true global market for natural gas has yet to emerge. The North American shale gas revolution significantly altered gas supply, demand and pricing dynamics in many regions and dramatically changed the situation in Alaska. “Alaska… Keep reading →

Exxon Valdez Oil Disaster 15 Years Later

The Breaking Energy Team is en route to Anchorage for what promises to be a great series of speakers and events at the USAEE/IAEE North American Conference. Maybe we’ll see a bear! Or a Palin! The United States Association for Energy Economics, and its parent organization, the International Association for Energy Economics, are kicking off… Keep reading →

House Holds Hearing On Future Of Oil

As the developed world enjoys an energy production renaissance, developing countries – particularly in Asia – look to lead global energy consumption growth and are expected to burn lots of coal along the way. The US Energy Information Administration Thursday released its International Energy Outlook that forecasts energy balances and consumption trends out to 2040.… Keep reading →

Chevron Announces 7.2 Billion Dollar Quarterly Profit

Spanish oil company Repsol and Argentina’s YPF are working through a bitter breakup in which the former is suing the Argentine government for $10.5 billion. Now Chevron is working with YPF to develop shale assets, much to Repsol’s chagrin. “It is scandalous that Chevron is acting in a way contrary to the law and to… Keep reading →

Cameron Douglas Sentencing For Narcotics Possession While In Jail

The Northeast has joined Texas as a hotbed for energy lawyers, driven by our nation’s insatiable demand for energy and the lack of a coherent national energy policy. In addition, the industry is moving from a time-worn regulated monopoly model to free-market competition – complicated by climate change concerns on the one hand and the… Keep reading →

View of a red pipe line, which transport

Mexico is heading towards much-needed energy sector reform, and with two of the country’s three major political parties in broad alignment on energy goals, major changes to the sector look more likely than ever, according to attorneys in the energy practice of law firm Mayer Brown. Mexico is major oil producer, and one of the… Keep reading →

The Nation's Capitol Celebrates 4th Of July With Fireworks Display

Hope everyone had a nice 4th of July! Here’s what’s happening in energy news. West Texas Intermediate crude is trading near a 14-month high, spurred by unrest in Egypt and a sunny outlook for US economic growth. [Bloomberg] And Brent hit a three-month high today after Egypt’s army declared a state of emergency in areas… Keep reading →

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