After repeated delays to the start-up of Kazakhstan’s giant Kashagan field, and not one, but two incidents that forced its shutdown in the first month that the field was on stream, some might call the project cursed. But the latest in the string of mishaps – a gas leak that has prompted an indefinite shutdown… Keep reading →
Chevron has signed a $10 bin, 50-year agreement with the government of Ukraine to explore for and develop oil and gas in the Olesska field in the western part of the country. Chevron is expected to spend $350MM for exploration over two to three years. Ukraine has a strong interest in developing its domestic resources as a means of reducing… Keep reading →
There is no shortage of global energy problems to solve – meeting the electricity needs of rising populations while simultaneously slowing the growth of greenhouse gas emissions, generating a skilled labor pool for a shifting energy landscape, and looming water shortages in arid regions, to name a few. And there are plenty of very smart,… Keep reading →
The development of unconventional oil resources outside the US frequently features in lists of events that could dramatically alter the global energy picture. But international development of unconventional resources of all kinds has been stymied by a range of above-ground factors, and EOG Resources does not expect their development to impact global markets for at… Keep reading →
The solar industry has been very hot. Record amounts of new solar capacity have been installed over the past two years. The accelerating pace of adoption of solar panels for distributed generation (installed at the point of use, rather than sold into the power grid) and the downward trend of module prices have created exuberance… Keep reading →
A new estimate of marketable resources in Canada’s Montney Shale spanning Alberta and British Columbia suggests that the play holds enough gas to meet the entire country’s 2012 demand for well over a century. “Total Canadian natural gas demand in 2012 was 88 billion m3 (3.1 Tcf), making the Montney gas resource equivalent to 145… Keep reading →
Four oil traders are claiming in a lawsuit that they can prove that BP, Statoil and Shell conspired with Morgan Stanley and trading firms such as Vitol to manipulate Brent crude prices. The traders say that the three oil companies placed orders to move markets, rather than buy crude. “Platts’ methodology ‘can be easily gamed… Keep reading →
The promise of solar grid parity is near The news about solar PV costs keeps getting better as price of modules falls as do installation and balance of system costs. A team of researchers at the Lawrence Berkeley National Laboratory (LBNL) has been tracking these developments in the US, with their latest report released in… Keep reading →
Massachusetts Senator Edward Markey has made a rather odd request of TransCanada: that it seek to influence the marketing operations of refiners that buy Canadian crude oil shipped through the Keystone XL pipeline. Senator Markey wrote a letter to TransCanada chief executive Russ Girling yesterday requesting that the company require buyers of oil that would… Keep reading →
Today, Energy Secretary Ernest Moniz kicked off the latest round of the Rooftop Solar Challenge— an initiative that empowers local governments across the Nation to make it easier, cheaper, and faster for more Americans to go solar. The Rooftop Solar Challenge is spearheaded by the Energy Department’s SunShot Initiative — a national collaborative effort to make solar energy… Keep reading →
