Progressives and environmentalists are upping the pressure on the Obama administration to increase the fees that energy companies pay to extract fossil fuels from the federal lands. “The advocates and their Democratic allies in Congress say they’re out to ensure taxpayers get a fair return for the minerals the government owns, while better protecting the… Keep reading →
LNG
Energy News Round-Up: Clean Energy Puts Pressure On Obama, Further Fossil Fuel Divestment & AEA Proposal For North Slope
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We will never sell or share your information without your consent. See our privacy policy.One of three Chinese state-owned oil majors, Sinopec Group, is interested in investing in the US liquefied natural gas (LNG) sector. Jack Yu, managing director of Sinopec D.C., which handles government relations with the US, said last week that Sinopec wants to make minority investments in US shale oil and gas projects as China seeks… Keep reading →
Lower oil and liquefied natural gas (LNG) prices, both off by around 40 percent and 60 percent in the past year respectively, will continue to change the global energy landscape, impacting everything from when and if new energy projects go forward, capex spending decisions at integrated oil majors, and even geopolitics. There is not much… Keep reading →
Most of Australia’s New LNG Projects Should Survive Low Cost Environment, Says Singapore-based Consultant
By Tim DaissLower oil and natural gas prices have yet to find a floor since plunging last year. Oil prices, both global bench mark ICE-traded Brent and New York Mercantile Exchange traded West Teas Intermediate (WTI) crude prices have plunged by around 40 percent since this time last year amid decreased global oil demand and a supply… Keep reading →
Talk of building liquefied natural gas (LNG) receiving terminals in the Philippines has been ongoing for years. However, those talks mostly lead nowhere amid regulatory and financing hurdles, as well as companies trying to appease not only officials in Manila but provincial officials who often scared away international business with their under the table demands… Keep reading →
Energy Department Authorizes Alaska LNG Project, LLC To Export Liquefied Natural Gas
By U.S. Department of EnergyWASHINGTON — The Energy Department announced today that it has issued a conditional authorization for the Alaska LNG Project, LLC (Alaska LNG) to export domestically produced liquefied natural gas (LNG) to countries that do not have a Free Trade Agreement (FTA) with the United States. Subject to environmental review and final regulatory approval, Alaska LNG, in… Keep reading →
How Latin American LNG Markets And U.S. Exports Are Reshaping the LNG Market
By King & SpaldingPetronas and BC Press Ahead with Pacific Northwest LNG Project Despite Mounting Setbacks
By Tim DaissBoth Malaysian state-owned oil major Petronas and the British Columbia (BC) provincial government refuse to throw in the towel on the Petronas-led C$36 billion (US$32 billion) Pacific Northwest LNG project in BC. On Friday, Petronas said that in the coming weeks it will announce a “conditional” final investment decision (FID) on its proposed terminal. The… Keep reading →
Chevron-Australia Executive Justifiably Concerned Over Future Competitiveness of Australian LNG Sector
By Tim DaissJust a few years ago hopes were running high Down Under. Liquefied natural gas (LNG) prices were increasing almost every month on the back of increased gas demand from Japan amid the shut down of its 50 nuclear reactors after the Fukushima nuclear accident in March 2011. Australia, who had already begun an unprecedented LNG… Keep reading →
Just when it looked like Sino-American relations were finally starting to improve, new satellite images last week showed troubling developments. China has been building artificial islands on reefs in the Spratly islands in the South China Sea at an alarming pace. Not that this would be alarming news per se, but the reefs have been,… Keep reading →