Congressman Mike Turner, Chairman of the US delegation to the NATO Parliamentary Assembly, released a statement in response to the seizure of a natural gas terminal near the Crimean border by Russian forces. While the plant’s seizure looks to be motivated by Russian desire to control local Crimean energy infrastructure and keep it out of Ukrainian opposition… Keep reading →
The US EPA lifted a ban that prohibited BP from bidding on new leases in the Gulf of Mexico. BP was suing the EPA because of the ban. The British oil major may now participate in a lease sale being held this Wednesday. “After a lengthy negotiation, BP is pleased to have reached this resolution,… Keep reading →
In a post last week we discussed the way the Ukrainian crisis is focusing a number of U.S. leaders on the potential foreign policy impacts of surging U.S. energy production. With its vast natural gas reserves, the U.S. could be a leader in the global market for liquefied natural gas (LNG), if we took the steps to make… Keep reading →
Ukraine’s political crisis continues, with Russian troops in Crimea, reformist forces in power in Kiev, and Europe, the US and Russia vying to broker a lasting solution. Just below the surface is the critical issue of natural gas. Europe gets approximately one-third of its gas from Russia and the majority passes through Ukraine. Will Ukraine… Keep reading →
US natural gas in storage could reach a symbolic low this week. Extreme cold throughout the country is sending heating demand soaring, which is sucking gas from storage at record levels. “Natural gas in underground storage hasn’t dropped below 1 tcf since 2003, but the latest EIA report showed inventories on February 14th at 1.4 tcf and… Keep reading →
Continental Resources’ Chariman and Chief Executive Harold Hamm will not lose his controlling interest in the company as a result of divorce proceedings, according to an Oklahoma District Court judge. Continental is one of the largest oil producers operating in the Bakken Shale and Hamm’s roughly 124 million shares in the company are estimated to… Keep reading →
In a wide-ranging interview, Maria van der Hoeven, chief executive of the International Energy Agency said US oil production growth – which is heavily leveraged toward light, tight oil – is expected to plateau and decline post 2025. “The light tight oil revolution in the United States is changing the geographical map of oil trade.… Keep reading →
This concluding article in a 3-part series details Gazprom’s changing European natural gas export strategy as it bumps up against EU regulations designed to promote market liberalization by unbundling energy production, transmission, delivery and storage from single-company ownership. The new Gazprom-designed gas transit system outlined earlier in this series – here and here – is not… Keep reading →
Business leaders, policy makers and the general public generally seek lower carbon energy sources but struggle to accurately determine their cost effectiveness. Many see the future of energy to be in natural gas. The unconventional shale gas revolution has catapulted the United States past Russia in total gas output, and recent Federal Energy Regulatory Commission… Keep reading →
As the situation in Kiev goes from bad to worse, with intensifying riots and growing casualties, the geopolitical struggle for influence between Russia and Western powers is also ratcheting up. The protests began in November when Russian-friendly President Yanukovych rejected an EU-sponsored trade agreement in favor of Russian support. “Prime Minister Dmitry Medvedev said Russia… Keep reading →
