New York State continues to hold the decision on shale gas development in stalemate, provoking calls for more transparency in the process. A decision on hydraulic fracturing in New York state has been in the works for several years. Former New York Governor David Paterson commissioned an Environmental Impact Study and Health Review in 2010,… Keep reading →
The global natural gas revolution has arrived in Mexico. As the country’s power sector undertakes a fuel shift toward natural gas, state-owned and domestic companies are beginning to seek ways to partner with technology-empowered foreign firms to boost domestic production. While maintaining and expanding struggling crude oil production at state-owned Petroleos Mexicanos (better known as… Keep reading →
By Holly Ellyatt The shale gas revolution is only just beginning, but according to one leading analyst the U.K. and Europe have failed to capitalize on the maverick within the global energy market and are being left out in the cold. “I don’t think the U.K. is anywhere near catching up with the U.S.,” David… Keep reading →
Guy Chazan must have inwardly rejoiced while interviewing outgoing Shell CEO Peter Voser for his piece in the Financial Times (which I’d link to, but they have a frustrating paywall situation). Most of the interview is about dull and important matters like capital expenditure cycles for oil majors, but Voser gave the FT a little… Keep reading →
The shale gas revolution and the flood of cheap gas it unleashed have been great for US economic competitiveness, but its effects are far less favorable for Europe, said Paolo Scaroni, chief executive of Italy’s Eni, at the Council on Foreign Relations in New York yesterday. “Gas prices in Europe are three times as high as… Keep reading →
Two of the oil industry’s more colorful chief executives – Total’s Christophe de Margerie and Eni’s Paolo Scaroni – provided some choice remarks on a range of energy-related topics yesterday at a Council on Foreign Relations event, The Future of Energy. They were joined by Michael Levi, director of the Council’s program on energy security… Keep reading →
Credit rating agency Standard & Poor’s has released a report that seeks to answer an important question: are there any more big, profitable shales on the order of a Bakken or an Eagle Ford to be found in the US? The primary feature of the two plays that makes them so attractive is their oil… Keep reading →
The Mexican energy industry has remained closed to foreign investments since 1938 and its people have taken great pride in its energy independence. But President Enrique Peña Nieto hopes to revolutionize the country’s outdated energy policies with the reform bill he proposed August 12. The bill, which still has to be approved by Congress, would amend… Keep reading →
Proposed amendments to Mexico’s constitution that would open up the country’s energy sector to foreign investment stand a good chance of passing, thanks to a pressing need for revenues and a well-staged political campaign. But the follow-up legislation that sets the tone for foreign investment will be critical to the success of efforts to revitalize… Keep reading →
A fire at the Motiva refinery – the largest in the US – took more than half its capacity offline for at least two weeks. “The fires come on top of a nagging vibration problem with a key pipe in the plant’s biggest crude distillation unit, or CDU, that is expected to keep it running… Keep reading →
