For a stark on-the-ground report from Williston, North Dakota – widely considered the hub of Bakken Shale oil & gas development – read this story written by Brooklyn-based freelance journalist Laura Gottesdiener. The piece provides a glimpse inside the North American oil & gas production boom that often gets lost in the maze of production… Keep reading →
The Gulf Co-operation Council (GCC) states – Bahrain, Kuwait, Oman, Qatar, Saudi Arabia and the United Arab Emirates (UAE) – represent Black & Veatch’s current focus in the Middle East. This is a fast-growing region. The demographic changes the GCC is going through – population growth, industrialisation and urban migration – are all stimulating demand for power.… Keep reading →
Natural gas supply negotiations between Russia’s Gazprom and Ukraine’s Nagtogaz appear to be inching closer to a deal. In fact, the two sides have agreed on a price of $385 per thousand cubic meters, but payment details now appear to be a sticking point. “If the Ukrainians have the money, then the documents will be signed. If not,… Keep reading →
Courtesy of Aries Residence Suites
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,… Keep reading →
The western boundary of the Arctic National Wildlife Refuge, located on Alaska’s North Slope, has been redrawn and 2 oil and gas exploration leases pending since 2011 have been awarded. There has been a longstanding discrepancy with regard to ANWR’s western boundary – covering roughly 20,000 acres – with US Fish & Wildlife Service maps… Keep reading →
While oil prices have stabilized for the moment and associated doomsday scenarios have slowed, here’s a detailed analysis of the interplay between various commodity prices and some of the investment decisions petrochemical companies, producers and LNG businesses face. “Indeed, even international buyers of natural gas were aggressively pursuing hub based gas pricing contracts with view… Keep reading →
Russian President Vladimir Putin has said the precipitous decline in oil prices is not a “tragedy” for the budget of his petro-state and its people. That same day on Friday, Moody’s downgraded Russia’s debt ratings to Baa2 with a negative outlook, citing, among other things, the ongoing erosion of Russia’s foreign exchange buffers due to low oil prices. Experts… Keep reading →
Marcellus Gas Production Anticipated to Increase, Lead the Nation in November: The State Journal (West Virginia): The U.S. Energy Information Administration’s Drilling Productivity Report, released Oct. 14, revealed that the Marcellus Shale play is anticipated to produce more gas than other reported regions in November. The Marcellus region is expected to produce 16,045 million cubic feet of… Keep reading →
According to EIA, the share of imports in U.S. energy consumption for the first half of 2014 reached the lowest level in 29 years. On October 10, 2014, the Energy Information Administration (EIA) released a report showing that net U.S. energy imports as a share of consumption for the January-June 2014 period reached the lowest… Keep reading →
