President Obama’s proposed budget for 2016 invests heavily in his agenda to combat climate change. “The failure to invest in climate solutions and climate preparedness does not just fly in the face of the overwhelming judgment of science — it is fiscally unwise.” – The White House, as reported by the National Journal The proposal… 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 →
With the global oil market currently oversupplied to the tune of an estimated 2 million barrels per day, oil producer group Opec has struggled to formulate an effective strategy aside from “let the market sort it out.” For decades Opec played a price-setting role by increasing production to boost supply when prices were deemed too… Keep reading →
This is the latest installment in our Energy Executive Insight Series that gives executives at major energy companies an opportunity to share knowledge and experiences about the energy industry, their careers and their organizations. What has been the biggest positive energy industry change since the start of your career? The energy industry has done a great… Keep reading →
The latest shakeup among Saudi decisionmakers will require Washington to work on new relationships in Riyadh and perhaps reconfirm understandings reached at last Tuesday’s summit. Just two days after President Obama’s visit to Riyadh, King Salman has sacked several of the princes who met with the U.S. delegation. According to U.S. and Saudi reporting of… Keep reading →
President Obama and his administration are bracing themselves from a Republican controlled Congress in wake of his FY 2016 budget which will see heavy investment in clean energy industries. “In addition to some $7.4 billion in research and development funding for clean energy and climate science, President Obama’s fiscal year 2016 budget — a nearly $4 trillion… Keep reading →
President’s 2016 Budget Proposal Makes Critical Investments in All-Of-The-Above Energy Strategy and National Security WASHINGTON – Today, U.S. Secretary of Energy Ernest Moniz detailed President Barack Obama’s $30 billion Fiscal Year 2016 Budget Request for the Energy Department. This Budget continues the Administration’s efforts to invest in America’s future, making critical investments in research, energy… 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.
Despite the 15 percent jump in oil since Thursday, U.S. crude is not in for a sharp bounce upward, Stewart Glickman of S&P Capital IQ told CNBC on Tuesday. The energy equity analyst noted in a “Squawk on the Street” interview that the forecast from S&P Capital IQ sister company Bentek Energy for 2015 puts… Keep reading →
Electric power utilities are facing growing financial pressures as traditional power usage evolves through a combination of increased use of renewable power, system efficiencies, and anemic demand. Since 2004, average residential electric prices have risen 39% to 12.5 cents per kilowatt hour, while sales remain lower than they were in 2007 before the recession. If… Keep reading →
