BG Group PLC’s shareholders on Thursday signed off on Royal Dutch Shell PLC’s roughly $50 billion takeover bid for the company. [WSJ] The Senate has started debating its first comprehensive energy legislation since the George W. Bush administration, a bipartisan measure meant to update the nation’s power grid and oil and gas transportation systems. [The… Keep reading →
Bernie Sanders launched a new climate campaign on Wednesday, aimed at fighting global warming by banning new coal, oil and gas mining on public land. [The Guardian] Duke Energy is dropping plans for a 45-mile transmission line that would have run across the Western Carolinas. [The Citizen Times] Shell has announced Tuesday its $70 billion… Keep reading →
Just a month after oil major Royal Dutch Shell announced that it would acquire BG Group, the UK’s third largest energy company, for $70 billion in cash and stock, making it the biggest energy deal in a decade, Shell’s CEO Ben Van Beurden was off to China to convince regulators there that the deal did… Keep reading →
Royal Dutch Shell’s $70 billion purchase of Britain’s BG Group – if approved by regulators – will make the energy giant the biggest global producer of liquefied natural gas. “Shell, already a leader in liquefied natural gas (LNG) for shipping and transport, will meld BG’s gas reserves, including assets in Australia, Brazil and Africa. That will… Keep reading →
When you consider how much of the globe is covered by water it’s easy to see why some say the future of oil & gas production lies offshore in ultra-deep water. But while hydrocarbons are likely to be found in these locations, projects built to extract them can be more challenging than some space missions… Keep reading →
Many investors were left scratching their heads after BG Group sacked chief executive Chris Finlayson earlier this week after a little over a year on the job. The company has faced headwinds in Brazil and crisis in Egypt, but Finlayson’s performance was not terrible, all things considered. BG has gone through 3 CEO’s and 4… Keep reading →
As the sociopolitical situation in Egypt deteriorates, the country’s energy infrastructure is also suffering. Although winter blackouts currently frustrating the population are being blamed on seasonal maintenance, a tight natural gas supply situation could exacerbate matters this summer when air conditioning-demand peaks. In late January, BG Group was ordered to direct gas away from LNG… Keep reading →
Widening of the Panama Canal, due to be completed in 2014, will allow most LNG tankers to transit the isthmus and make natural gas from Gulf of Mexico ports “instantly economic” to transport to high-price Asian markets.
That’s key for multiple proposals to build plants to liquefy and ship surplus US natural gas, according to experts at a Brookings Institution seminar Jan. 24. Most proposals are for existing but unused LNG import terminals on the Texas and Louisiana coasts. Giant LNG tankers, like the largest modern freighters, are too big for the existing Panama locks. Keep reading →
US producers want to export natural gas to take advantage of higher prices abroad, but the US Department of Energy is considering whether additional exports will mean higher prices in the US.
Christopher Smith, Deputy Assistant Secretary for Oil & Natural Gas in DOE’s Office of Fossil Energy, told the opening session of the US Association of Energy Economists, meeting October 10-12 in Washington DC, that DOE is weighing the cumulative price effect of exports, as more export applications are being filed. Read more about the conference: Making The Numbers Sing In DC. Keep reading →
