Although the US does not yet export crude oil or LNG from the lower 48, the oil and gas production boom that exploded onto the scene in the past few years is having knock-on effects in other countries. So which ones benefit and which are getting left behind? Industry experts discussed the geopolitical implications associated… Keep reading →
Dow Chemical has gotten a lot of press about their position against “unfettered” LNG exports from the US. The chemical giant fears its competitively cheap natural gas feedstock advantage could erode if US gas were exported in volumes that cut into domestic supply, creating scarcity relative to demand for things like petrochemicals, plastics and other… Keep reading →
This week’s biggest deal happened in Washington, DC, where the House and Senate finally reached an agreement to reopen the US government and raise the debt ceiling. But there were also several energy-specific transactions and pending transactions that merited notice: Mexico’s state-controlled oil and gas company Pemex has voided a tender for the second phase… Keep reading →
Oil prices had risen on hopes of a US debt deal….but have dipped again since a deal was reached. “U.S. futures slid to their lowest since early July, as stockpiles in the Cushing, Oklahoma oil hub reversed a months-long decline and as signs of progress in talks over Iran’s nuclear program pressured prices.” [Reuters] Petrobras workers are striking to protest foreign… Keep reading →
The Alaska LNG project team has selected Nikiski as the lead site for the proposed liquefaction plant and terminal. On October 7, 2013, ExxonMobil, BP, ConocoPhillips, and TransCanada, announced the selection of Nikiski on the Kenai Peninsula as a lead liquefaction plant and terminal site for the Alaska liquefied natural gas (LNG) export project. Prior… Keep reading →
DG Energy Partners’ new project valuation model, which lets developers conduct their own first-run economic analysis, is the latest in a suite of products designed to bridge the gap between solar projects and the financing they need to move forward. The model, currently in its beta, or first version, is a web-based interface that gives… Keep reading →
The US became a net-exporter of oil products like gasoline and diesel fuel in 2011 for the first time since 1949 and oil product exports have steadily increased since that point. US refiners found a new lease on life – after several East Coast refinery closures – by purchasing Bakken crude at a discount to… Keep reading →
New York State continues to hold the decision on shale gas development in stalemate, provoking calls for more transparency in the process. A decision on hydraulic fracturing in New York state has been in the works for several years. Former New York Governor David Paterson commissioned an Environmental Impact Study and Health Review in 2010,… Keep reading →
The Bakken shale, which spans parts of North Dakota, Montana and Canada, has been a significant source of recent oil production growth for the US (though far from the only source, as many readers would point out). The bulk of that production is in North Dakota, which is producing over 900,000 barrels per day as… Keep reading →
By: Jackie DeAngelis Chevron is strategically investing in the Gulf of Mexico, spending almost $12 billion and boosting its labor force as it prepares to launch two deep-water platforms now under construction. The platforms, Jack St. Malo and Big Foot, are named after the fields where they are located. They’re both being assembled at the… Keep reading →
