Despite the 15 percent jump in oil since Thursday, U.S. crude is not in for a sharp bounce upward, Stewart Glickman of S&P Capital IQ told CNBC on Tuesday. The energy equity analyst noted in a “Squawk on the Street” interview that the forecast from S&P Capital IQ sister company Bentek Energy for 2015 puts… Keep reading →
The Energy Information Administration’s most recent Short-Term Energy Outlook points to an uptick in natural gas demand that could help take some of the slack out of the market, but other forecasts suggest that the EIA’s production expectations are too conservative. If that is the case, the supply overhang could persist for some time, absent a… Keep reading →
With global LNG demand projected to exceed supply by a wide margin, the prospects for North American exports of liquefied natural gas are exceptionally strong. But an unexpected development has raised a question about Canadian participation in this emerging export opportunity.
The question is: Will the Canadian government decide to block any of the pending acquisitions of its E&P players by foreign energy majors? Keep reading →
The Marcellus Shale is living up to its promise.
The biggest portion of the massive Appalachian gas field – that underlying Pennsylvania – produced 895 billion cubic feet of gas in the first half of 2012, more than twice as much as it did a year earlier, and 42 percent more than in the second half of last year. Keep reading →
Prices for natural gas are headed lower after a hot summer showed signs of the first boost in pricing for the fuel on which the US energy sector is increasingly relying.
With the approaching end of the cooling season and continued strong supply from domestic gas producers, prices are likely to revert to their earlier trading range between $2 and $3 per million BTU, predicted Michael Lynch, president of Strategic Energy and Economic Research, a Massachusetts consultancy. Keep reading →
The idea of powering energy intensive facilities with inexpensive methane from on-site rigs is gaining traction in the Marcellus Shale region. And one of the reasons for the interest is the intensifying focus by exploration and production companies on natural gas liquids.
NGLs, which include propane, hexane, butane, and pentanes, are produced by fractionation after well-gas is processed to separate them from methane and ethane (which can only be liquefied through cryogenic treatment). Keep reading →
Is the US headed for a cooler summer and a lower demand for energy-intensive air conditioning following the surging temperatures of recent years?
Two forecasters think so, based on El Nino, or the cyclical warming of Pacific Ocean waters, which is expected to bring lower temperatures than were experienced in recent summers to many areas of the U.S. this year. Keep reading →
North America’s emerging oil shale abundance can fundamentally alter the US’s energy landscape, but experts say the road ahead may have a lot of detours.
The issues start with how much new supply can get to market. Keep reading →
An oil drilling rig in the North Dakota portion of the Bakken formation.
Shale gas took America by surprise, and tight oil is about to do the same. Keep reading →
London at night as viewed from the International Space Station
The fuel of the future is very different depending on where in the world you live. Keep reading →
