Liquefied natural gas (LNG) is often regarded as extremely dangerous and toxic with container ships called floating bombs. But is this perception accurate? The historical reality is that LNG has the best safety record of all common fuel types and is completely non-toxic. Of course natural gas vapors are flammable and present safety hazards that… Keep reading →
This article reevaluates Opec’s power to control the global oil market and focuses on a political scientist’s research that suggests the cartel’s strength has been overblown for years. “But a closer look at OPEC’s real influence over the oil market suggests that we’re making a huge mistake about its global power, says Brown University political… Keep reading →
Surging US oil production is impacting trade flows and price differentials more than global supply levels and benchmark pricing according to analysis from the Oxford Institute for Energy Studies. But that could change over the longer term as backed out West African crudes play a larger role in Brent price formation. “While the USA largely… Keep reading →
A female Suncor Energy employee was attacked and killed by a black bear at the company’s oil sands production facility in Northern Alberta, Canada yesterday. “An extensive investigation is now underway at a Suncor worksite in northern Alberta after a large male black bear attacked and killed a female employee. At about 2 p.m. at… Keep reading →
Shell made big news when it announced plans to construct an ethane cracker in 2011 and subsequently chose to site the plant in Pennsylvania. Recently-announced capital expenditure cutbacks could impact plans to move forward with the project, but nothing has been officially announced. With Marcellus shale gas production surging, the plant would crack ethane produced… Keep reading →
EOG is bullish about oil this year, but less optimistic about North American natural gas prices, said Board Chairman and former Chief Executive and Mark Papa, speaking during the company’s second-quarter 2013 earnings call. “We consider 2013 to be another in a long string of disappointing years,” said Papa. “We expect gas supply to continue… Keep reading →
