A huge move for oil could be on tap Monday afternoon, when an unusually high level of activity in September options contracts could set the stage for a vicious rally. Options on the September crude oil futures contract expire Monday at the 2:30 p.m. ET settlement. And those derivative contracts have been very popular, with… Keep reading →
The energy industry – oil & gas sector in particular – is bracing itself for a massive wave of retirements over the short to medium term, which has been dubbed “The Great Shift Change.” As the industry prepares for this turnover, companies are looking to the next generation of candidates with skills ranging from finance, geology,… Keep reading →
Late last week the Obama administration gave the go-ahead for limited domestic crude oil exports to Mexico, a positive move on oil exports – yet one that immediately underscores this question: Why stop there? According to the Associated Press, license applications approved by the Commerce Department allow the exchange of similar amounts of U.S. and… Keep reading →
Russia’s Gazprom has struggled to assert dominance on the global energy market, prompting speculation the energy giant could be on the brink of folding. [Yahoo] California has failed to deliver on the clean energy jobs promised following the passing of the Clean Energy Jobs Act in 2012, according to the latest figures. [The NY Times]… Keep reading →
Big oil has lost big money for investors. In the past year, as crude prices have fallen more than 55 percent, the nine biggest Western oil companies have shed a combined $400 billion in market cap, according to data pulled by FactSet. But despite the staggering decline, one expert sees rare opportunity in the space.… Keep reading →
The energy industry – oil & gas sector in particular – is bracing itself for a massive wave of retirements over the short to medium term, which has been dubbed “The Great Shift Change.” As the industry prepares for this turnover, companies are looking to the next generation of candidates with skills ranging from finance, geology,… Keep reading →
The Canadian government has spent several million dollars on a tar sands advocacy fund in its failed push to export oil, new documents have revealed. [The Guardian] CPS Energy CEO Doyle Beneby, who has pushed the San Antonio owned utility toward using cleaner energy sources, has announced his resignation. [San Antonio Express News] Chile mines… Keep reading →
On July 22, 2015, Senate Energy and Natural Resources Committee Chairwoman Lisa Murkowski (R-AK) and Ranking Member Maria Cantwell (D-WA) introduced the Energy Policy Modernization Act of 2015, the first major energy legislation since 2007. The bill focuses on areas of agreement and avoids controversial issues such as lifting the ban on crude oil exports… Keep reading →
Japan has announced its vision of becoming a carbon-neutral, hydrogen-fuelled society by 2040. [The Guardian] American oil-and-gas producers are struggling to cut back the output that has lead to a global oil glut, despite spending cuts and idle drilling rigs. [WSJ Blog] Over the past two years, Microsoft has contracted for 285 MW of renewable energy from… Keep reading →
The energy industry – oil & gas sector in particular – is bracing itself for a massive wave of retirements over the short to medium term, which has been dubbed “The Great Shift Change.” As the industry prepares for this turnover, companies are looking to the next generation of candidates with skills ranging from finance, geology,… Keep reading →
