The crude oil tank cars that derailed in North Dakota earlier this week were carrying crude that had been treated to reduce volatility, although the tank cars themselves were older models that have been targeted for replacement. “Hess Corp. spokesman John Roper said the company’s oil complied with a state law that requires propane, butane… Keep reading →
LNG
Energy News Roundup: Treated Oil in Derailment, Australia LNG Export Race and Lighting is a Terrible Business
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We will never sell or share your information without your consent. See our privacy policy.The state of Hawaii: remote, tropical and a haven for tourists. But for locals the remoteness of the islands poses a problem. Since the state producers no hydrocarbon resources of its own, it has to import all of its energy needs, resulting in electricity prices as much as three to five times the national average.… Keep reading →
Egyptian energy production and distribution company TAQA Arabia is working to help tackle the country’s acute energy shortages. Egypt is struggling with electricity generation and delivery issues – among other energy-related problems – that require flexible solutions. Egypt’s growing population and power generation needs have bumped up against domestic energy production capacity, with demand exceeding… Keep reading →
Political infighting is taking place in Alaska over the state’s hydrocarbon future. This time, however, it’s not over its oil production which has been steadily declining since reaching a peak of over 2 million barrels per day (b/d) in 1988 to a current average of just over 500,000 b/d. Its over the state’s plans to… Keep reading →
US Leads LNG Export Race Over Canada, but Future Demand Could be Sufficient for Both Suppliers
By Tim DaissThe Western Canadian province of British Columbia (BC) is trying to get its liquefied natural gas (LNG) export plans together, they really are. However, problems are besetting the country’s once high-flying ambitions. As the price of crude oil, both global Benchmark Brent and NYMEX-traded West Texas Intermediate (WTI) plunged by over half since mid-June, BC’s… Keep reading →
In recent years, Qatar – with a population of only 2 million – has become the quintessential heavyweight in the global liquefied natural gas (LNG) industry. The small Middle Eastern country has been the world’s largest LNG exporter since 2006, and has made spectacular profits, particularly from 2011 to mid-last year, riding the crest of record… Keep reading →
Supply dynamics are changing liquefied natural gas (LNG) markets, especially in the Asia-Pacific region that accounts for two-thirds of global LNG demand. From an era of limited natural gas supply and record high prices exceeding $20 per million British thermal units (MMBtu) due to increased LNG demand from Japan, the world’s top LNG importer, in… Keep reading →
Gail (India) Ltd., the country’s largest state-owned natural gas processing and distribution company, is looking to buy seven liquefied natural gas (LNG) cargoes for delivery from Oct. 2015 until Dec. 2016, the company disclosed at the end of March. According to the tender agreement, deliveries are to be split between India’s Dabhol, Dahej and Hazira… Keep reading →
Dodging Sanctions, French Oil Major Seeks to Fund Russian LNG Project with Yuan & Euros
By Tim DaissWestern economic sanctions against Russian oil and energy interests are steadily playing out, this time affecting French oil major Total S.A.’s ability to finance part of the $27 billion Yamal liquefied natural gas (LNG) project in the Russian Arctic. Reports broke toward the end of last week that Total will seek as much as $15… Keep reading →
Oil Markets, Regulatory Wisdom And Policy Vision
By Energy Tomorrow BlogIndustries Are Critical of Proposed Stricter Ozone Standards The Hill: Business groups are waging war on the Obama administration’s proposal to reduce ozone pollution, arguing the regulations would cripple the U.S. economy. In order to comply with the proposed rule, many areas of the country would have to all but shut down land development and… Keep reading →