By Brad Quick A handful of counties in North Dakota are churning out more oil and gas than the entire state of Alaska. Welcome to the Bakken, the jewel of The Rough Rider State. But a look beyond the drillers working the state’s Bakken field reveals many players who see another opportunity: building North Dakota’s infrastructure. In May,… Keep reading →
For corporations, taking into account issues of Environment and Social sustainability is becoming increasingly important. PwC, a professional services firm, held a webcast this week to discuss trends relating to ESG (Environment, Social, and Governance). The panelists discussed both the current state of ESG in corporations as well as the zeitgeist of the future business… Keep reading →
US independents Anadarko and Noble Energy have agreed to exchange around 50,000 net acres of leasehold in the Wattenberg field in northeastern Colorado. US independent Devon and midstream company Crosstex have agreed to combine Crosstex’s assets and Devon’s midstream assets to form a new midstream business, which remains unnamed for the time being. Devon is… Keep reading →
Well it’s not quite that dramatic, but Houston was passed over as host of the 2017 World Petroleum Congress in favor of Istanbul, Turkey. The Texas energy capital hosted the event in 1987 and nearly won the honors for the 2014 event, narrowly losing out to Moscow. [Houston Business Journal] Eni drilled a successful appraisal… Keep reading →
By Rich Ilczyszyn This selloff is the real deal: Crude oil is getting zero help from a weaker dollar, as the market is in full liquidation mode, and is down another $1.50 on Wednesday morning. In early Wednesday trading, crude has dropped below $96.50, and has blown through most major support levels below $100 just this week. The next… Keep reading →
US Energy Secretary Ernest Moniz addressed the most prominent energy-related security issues facing the country during remarks made today at the Center for Strategic and International Studies in Washington DC. Here are the 4 main challenges Moniz highlighted: 1) US vulnerability to oil price volatility – “We are not disconnecting from oil price volatility,” said… Keep reading →
Spanish technology firm Abengoa, which operates renewables projects worldwide, has listed its shares on the NASDAQ stock exchange as part of a push effort to raise its profile in the US. Abengoa has singled out the US as a priority market, both for fundraising and for the ongoing growth of its business. “The US market… Keep reading →
The US made significant energy efficiency inroads following the 1973 oil embargo, but fresh supplies of cheap energy hit markets in the mid-1980’s, bringing renewed complacency that caused lawmakers to backslide on efficiency measures. Famed innovator and energy researcher Amory Lovins sets the stage for a new energy efficiency surge in his latest blog post:… Keep reading →
The energy finance community has been eagerly anticipating the introduction of solar asset-backed securities – “solar securitization,” – for at least three years, and may be waiting for another year or more. But sooner or later, securitization is coming to solar finance, and when it does, it will have a profound impact on the pace… Keep reading →
Ken Silverstein does a nice overview of the debate about whether natural gas helps or hurts climate change mitigation efforts. US carbon dioxide emissions are down, but “inexpensive [natural gas] deposits coupled with the relative ease of building new gas plants has come at a price — the foregoing of other fuels.” [Forbes] Large energy… Keep reading →
