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 →
On Wednesday, January 28, as required by the Outer Continental Shelf Lands Act, Secretary of the Interior Sally Jewell and Bureau of Ocean Energy Management (BOEM) Director Abigail Ross Hopper announced the next step in the development of our nation’s Outer Continental Shelf (OCS) Oil and Gas Leasing Program for 2017-2022. The Draft Proposed Program (DPP) includes 14 potential lease sales in eight planning areas – 10 sales in the Gulf of Mexico, three off the coast of Alaska, and one in a portion of the Mid- and South Atlantic, which includes areas off the coast of Virginia, North Carolina, South Carolina and Georgia.
Taking a look at the president’s new budget request for the Interior Department, we see the administration asking for $13.2 billion, an increase of nearly $1 billion over the enacted funding level for the current fiscal year. Now take a look at the data table below from Interior’s Office of Natural Resource Revenue, which tabulates… Keep reading →
With the global oil market in a situation where futures contract prices are higher than prevailing prices – known by traders as contango – there is an incentive to purchase crude now and hold it until oil prices recover. Indeed, the world’s largest trading houses have been chartering tankers and shares of oil tanker companies… Keep reading →
The Obama administration has released plans to open up the US Atlantic coast to offshore oil drilling for the first time. Drilling in the Atlantic had been banned for decades, but the ban expired in 2008. The Obama administration declined to issue leases in the Atlantic after the ban expired, and clamped down even tighter… Keep reading →
Offshore energy is getting lots of attention this week, which is good. Offshore energy is vital to America’s economy and energy security. This week the Interior Department proposed the first draft of its next five-year program for offshore oil and natural gas leasing, in the 2017-2020 timeframe. While the draft plan doesn’t go far enough,… Keep reading →
The number of large-scale oil tanker spills has decreased significantly in the last five years with the current figures showing less than two per year. “At a time when focus on protecting the marine environment is high, this trend should provide encouragement to tanker owners. It is also a testament to the ongoing work by… Keep reading →
As complex as the energy industry is, and as sophisticated as the equipment that governs this business may be, there is no reason why customer service should be any less efficient, timely and secure than it is for any other enterprise. The shopping experience, regardless of the product in question, should be as seamless as… Keep reading →
Wyoming state regulators have reached an agreement with oil and gas industry officials for greater public disclosure of the chemicals used in hydraulic fracturing operations. In 2010, Wyoming became the first state to require companies disclose the chemicals used in fracking to regulators, but the information did not have to be released to the public. The new… 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 →
