Oil

This picture shows Tokyo Electric Power'

On May 15, Japanese Prime Minister Shinzo Abe held the seventh meeting of the Advisory Panel on Reconstruction of the Legal Basis for Security in his long quest to advance the reinterpretation of its ‘Pacifist’ Constitution and to allow finally for the exercise of Japan’s right to collective self-defense. During the meeting, the members of… Keep reading →

Mikhail Khodorkovsky Holds First Press Conference Since Prison Release

A European court ruled former Russian oil company Yukos’ shareholders are entitled to $50 billion because the Russian government illegally expropriated assets and orchestrated the firm’s demise. Collecting the money, however, will be no easy task. “It is the tribunal’s view that Yukos was the object of a series of politically-motivated attacks by the Russian… Keep reading →

Kazakhstan Oil Industry Is Booming

The hits keep on coming for companies invested in the North Caspian Operating Company, the consortium developing Kazakhstan’s giant Kashagan oil field. One of the world’s largest and most complex oil field development projects, Kashagan has been plagued by delays and cost overruns for years. The project briefly came on stream late last year only… Keep reading →

Oil Drops To $96 A Barrel As Energy Prices Decline 1.4 Percent In April

Here’s an interesting look at the continuing trend of big banks unwinding their trading operations amid increased regulatory oversight and proprietary trading prohibitions. Many of the big players have left the space that’s increasingly being filled by new entrants like major trading houses. ‘“Today’s markets are ‘boring,’ said Thomas Thees, a former head of North… Keep reading →

Oil Prices Reach New Record High

US oil producers are leaving no stone unturned in their quest to export light, sweet crude that has swelled to a glut overwhelming the country’s refineries. One option could be to swap US crude for grades produced overseas that are better suited to the US refining complex, but a host of regulatory and market-based obstacles… Keep reading →

Oil Boom Shifts The Landscape Of Rural North Dakota

The incredible oil production growth coming from the Bakken Shale formation – from 200,000 barrels per day to 1 million b/d in 5 years – has also brought significant volumes of associated natural gas to the surface. With oil trading at higher prices than those currently paid for natural gas, infrastructure needed to bring that… Keep reading →

opening ceremony 2

First principles are important. Rooting New York Energy Week in the priorities established by a community of volunteers, participants, sponsors and advisors paid off in the second iteration of the event series last month, with panels of exceptional insight, unusually impactful networking and deserved attention for an industry that too often flies under the radar in… Keep reading →

Farmers Hire Drilling Crew To Search For Water To Irrigate Crops

In the past I have been extremely skeptical of carbon capture and sequestration, CCS, but recently my opinion has evolved based on the sober conclusion that hydrocarbon fuels simply are not going away. Both supply and demand for coal, oil and gas continue to grow globally along with their carbon emissions and dangerous impacts on… Keep reading →

Louisiana Oil Industry Recovers From Katrina Devastation

The US oil and gas industry has seen tremendous growth over the past several years, following a period of low oil prices and declining production. And job growth in the sector reflects a robust and growing need to both replace retiring workers and fill new positions. Forbes’ latest rankings of the 15 most valuable college… Keep reading →

The Frankfurt Stock Exchange

As the situation in Iraq develops, oil market bulls and bears battle over the degree to which the worst sectarian violence since US troop withdrawal will exert upward price pressure. The bear case states the lion’s share of Iraqi oil output and exports originate in the country’s Shiia-controlled south, where it is more difficult for… Keep reading →

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