Activists across the world rally to support 30 Greenpeace protesters detained in Russia after sailing toward a Barents Sea oil drilling operation. The incident blew up into a geopolitical game of chicken between Moscow and several Western countries native to the jailed activists. [Agence France Presse] Energy Intelligence ranked the world’s top 100 greenest utilities… Keep reading →
Starting January 1, 2014, California and Quebec have signed an agreement to integrate their cap-and-trade programs. On October 1, 2013, the California Air Resources Board (CARB) and the Government of Quebec signed an agreement defining the steps and procedures to link California and Quebec cap-and-trade programs. The agreement, a result of more than five years… Keep reading →
Innovative or just silly? You decide. But clearly innovations in the energy space are penetrating mainstream thinking. The relationship between saving energy and saving money has advanced in recent years, with inventors focusing efforts on the next big (or super small) energy breakthrough. Check out the devices below and use the comment section to let… Keep reading →
The financial industry’s indispensable tool – the Bloomberg Terminal – may have developed a chink in its armor, as competing products and services from Thomson Reuters and Markit give it a run for its money. Bankers, traders, fund managers and others got spooked when Bloomberg admitted its reporters had access to terminal usage data they… Keep reading →
The United States is expected to produce more hydrocarbons – oil, natural gas, and liquids (such as condensates) – than any other country in the world this year, according to the US Energy Information Administration. The EIA published an article last Friday on US hydrocarbon production growth, comparing it to that of global oil and… Keep reading →
Jellyfish in the cooling water intake have forced the shutdown of Sweden’s largest nuclear reactor, which generates about 10% of the country’s electricity. As bizarre as this sounds, jellyfish have caused problems at power plants in several countries, including the US. [CNN] Malaysian Prime Minister Najib Razak said that state-controlled energy company Petronas is going… Keep reading →
Only Saudis & Russians pump more oil According to the International Energy Agency (IEA), US will surpass Russia in total production of liquid fuels in 3rd Qtr. 2013 – that includes crude oil plus biofuels like ethanol. Moreover, US is now the third largest crude oil producer behind Saudi Arabia and barely trailing Russia. Saudi… Keep reading →
Japan’s Tohoku Electric Power Company has agreed to buy 0.9 million tons per annum of LNG for 20 years from the 8.9 mtpa, Chevron-operated Wheatstone LNG project in Australia. Other committed buyers for Wheatstone production include TEPCO, Kyushu Electric Power Company and Chubu Electric Power Company. First LNG is scheduled for 2016. US independent Apache completed… Keep reading →
A government shutdown that lasts only a few weeks should have limited impact on the operations of oil and gas companies, such as drilling, plant construction, and other ongoing operations. A longer-term shutdown could be more debilitating, delaying progress on regulatory requirements, such as new permits, or environmental impact studies. Short-term impacts could be much… Keep reading →
Fracking Hysteria (Op-Ed)
By Michael LynchOpposition to hydraulic fracturing of shales has become ‘hip’, embraced by students, long-time activists and the usual Hollywood suspects. Unfortunately, this generates a lot more noise than signal, as claims ranging from false to outrageous get the most attention. Politicians regularly respond to hysteria, but frequently with gestures and profound announcements of concern, and only… Keep reading →