The results of Chevron’s initial exploration in the Kaybob area of the Duvernay play in Alberta, Canada show liquid yield from completed wells in the 30-70% range, with initial production rates of as much as 7.5 million cubic feet of natural gas and 1,300 barrels of condensate per day. [Chevron] China National Offshore Oil Corp… Keep reading →
Well it’s not quite that dramatic, but Houston was passed over as host of the 2017 World Petroleum Congress in favor of Istanbul, Turkey. The Texas energy capital hosted the event in 1987 and nearly won the honors for the 2014 event, narrowly losing out to Moscow. [Houston Business Journal] Eni drilled a successful appraisal… 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 →
Europe will require considerable volumes of Russian natural gas for the foreseeable future, but EU members are increasingly unhappy with paying oil-linked prices for the fuel. In the latest attempt at loosening the old Soviet energy yolk from Central and Eastern Europe, EU regulators yesterday filed an antitrust suit against Gazprom that could total $15… Keep reading →
“There has rarely been a more compelling time to invest in energy,” said Barclays analysts in their latest Global Energy Outlook, released this morning. Here are four key takeaways: Oil price risk has swung from downside to upside, thanks to geopolitical risk. Geopolitical risk has supplanted US production growth as the big global story in… Keep reading →
By Paul Toscano After a newly published study found a potential link between natural gas fracking and earthquakes in Texas, the “Squawk on the Street” anchors discussed the costs and benefits of the controversial process. “May I be so bold as to say that anytime you extract anything from the ground for energy, it’s a problem,” said Jim Cramer… Keep reading →
Determining the value of a Nest thermostat appears straightforward – compare the costs of purchase and installation with the total energy cost savings gain. However, this equation doesn’t account for an increasingly popular and potentially disruptive business model: the bundled energy efficiency/electricity supply contract. About the Nest Thermostat The Nest thermostat is the most publicized hardware… Keep reading →
DOE has commenced construction of the federal government’s largest wind energy project, at the Pantex nuclear weapons stockpile facility in Texas. The Pantex Plant (Texas DSHS) On August 13, 2013, the Department of Energy (DOE) officially began construction of the 11.5 MW Pantex Renewable Energy Project, the federal government’s largest wind project, at Pantex Plant,… Keep reading →
The proposed 6 million ton per annum (mtpa) Jordan Cove LNG export facility in Coos Bay, Oregon has completed the front-end engineering and design and pre-construction phases, but if and when the project clears federal regulatory hurdles, it may still face political opposition at the state level. Infrastructure firm Black & Veatch and construction and… Keep reading →
Wind energy became the largest source of new US electricity generation capacity in the US last year, accounting for well over a third of capacity additions, according to reports released today by the Department of Energy. “Wind energy is now the fastest growing source of power in the United States – representing 43 percent of… Keep reading →
