We’ve stressed the economic benefits of lifting the ban on U.S. crude oil exports – GDP growth, job creation and consumer savings – because they’re considerable and would affect virtually every American in a positive way. No less important are the benefits for American security and foreign policy from letting U.S. crude trade freely in… Keep reading →
After a year of consultations and house debate President Obama’s Clean Power Plan will be finalised early next week. [BBC] The oil giant also said it would cut 6,500 jobs as the drop in oil and gas prices hinders its vast global exploration and production operations. [The NY Times] U.S. stocks traded in a narrow… Keep reading →
When New York officially banned hydraulic fracturing in late June 2015, many assumed the long-heated political debate was over and there would be no fracing in New York unless the courts overturned the ban.
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 →
Some thoughts on EPA’s proposed program to encourage voluntary methane emissions reductions from existing sources. The Methane Challenge Program would expand on the Natural Gas STAR program by recognizing companies that make specific emissions reduction commitments and agree to submit annual data on the progress they’re making. First, industry supports voluntary. The program could… Keep reading →
Mexico’s efforts to attract foreign private investment to its oil and gas industry for the first time in over seven decades only resulted in two companies registering successful bids for the 14 blocks that were on offer in the Round One leasing auction on July 15. According to the Secretaría de Energía de México (SENER),… Keep reading →
At an event last month, API President and CEO Jack Gerard sketched the broad outlines for a national conversation on energy, connecting energy policy with the approaching 2016 elections. It’s an appropriate linkage. Our country has become a global energy superpower thanks largely to private innovation and entrepreneurship, which have created a generational opportunity –… 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 →
Despite the current low and relatively uncertain oil price environment, which may, in fact, go lower, the Permian Basin and its sub-basins, Delaware and Midland, along with the Eagle Ford Formation, are attracting increasing interest from E&P investors and operators. Primarily concentrated in Southwestern Texas, as well as parts of Southeastern New Mexico, the region… Keep reading →
Bar the Shell-BG merger in April 2015, the value of oil and gas mergers in the second quarter of 2015 was the lowest since 2008. [EIA] Hawaii Governor David Ige has stated that he doesn’t support the sale of Hawaiian Electric to Florida-based NextEra Energy. [The Huffington Post] A strategy pushed by former Alaska Governor… Keep reading →
