Mexico is making sweeping changes to its regulatory structures with the goal of increasing economic growth from various sectors, including energy. And while oil sector reforms have received the most attention, strengthening electricity and natural gas infrastructure to boost manufacturing is a short-term priority. Investment from US companies and financial institutions is critical, but Mexico… Keep reading →
As the Mexican government and state-run PEMEX aim to produce more oil in Mexico, U.S. natural gas producers, particularly in South Texas, have been happy to send growing amounts of natural gas to supply Mexico’s growing demand. Figure 1 Source: BP Statistical Review Because the U.S. is producing record volumes of natural gas, access to… Keep reading →
With US natural gas production growth and subsequent natural gas price declines coal has been backed out of the power generation fuel mix to some extent. As a result, US coal producers are exporting greater volumes to European and Asian buyers, which is a trend that alarms many in the environmental community who fear negative… Keep reading →
Last winter’s unusually harsh weather drew down natural gas storage inventories well below five-year average levels and left the industry assessing the degree to which producers would replenish inventories ahead of heating demand season. With summer drawing to a close and roughly 12 weeks of injections remaining before estimated peak storage, analysts are predicting where… Keep reading →
A proposed coal export terminal in Oregon was denied a permit because the project would cause harm to tribal fisheries along the Columbia River. “Oregon Gov. John Kitzhaber (D) applauded the state agency’s rejection of the permit, telling the Oregonian, ‘Columbia River tribes have fundamental rights to these fisheries,’ and any project that threatens those… Keep reading →
Natural gas production from the Marcellus shale formation – primarily from West Virginia and Pennsylvania – exceeded 15 billion cubic feet per day through July, equivalent to 21% of total 2013 US marketed gas production. With the rig count essentially stable, increases in drilling productivity are driving output growth. “…production from new wells is more… Keep reading →
The global LNG supply options are broadening with new LNG export projects – both under construction and proposed – mushrooming especially in Australia, the US, Canada, Papua New Guinea, Mozambique, Tanzania et cetera. Conceivably, a severe competition in the global LNG market is in the not so distant future. What impact this “golden age of… Keep reading →
A European court ruled former Russian oil company Yukos’ shareholders are entitled to $50 billion because the Russian government illegally expropriated assets and orchestrated the firm’s demise. Collecting the money, however, will be no easy task. “It is the tribunal’s view that Yukos was the object of a series of politically-motivated attacks by the Russian… Keep reading →
Here’s an interesting look at the continuing trend of big banks unwinding their trading operations amid increased regulatory oversight and proprietary trading prohibitions. Many of the big players have left the space that’s increasingly being filled by new entrants like major trading houses. ‘“Today’s markets are ‘boring,’ said Thomas Thees, a former head of North… Keep reading →
The EIA’s latest Short-term Energy Outlook is out and US crude oil output continues to soar, while natural gas prices are expected to climb back toward the $5 per million BTU level this year, before slightly pulling back in 2015. EIA Administrator Adam Sieminski highlighted just how prolific US crude oil production has been in… Keep reading →
