Sakhalin Energy, the consortium that operates the Sakhalin II LNG project in Russia, is seeking higher prices for LNG sales from Korea’s Kogas, the world’s largest LNG buyer, sources have told Bloomberg. The contract is linked to Brent crude prices, which have risen substantially since it was signed eight years ago. The article indicates that Kogas… Keep reading →
Canadian security agencies have been briefing representatives of energy companies who have obtained high-level security clearances, according to freedom of information documents obtained by the Guardian. “Meetings were officially billed to discuss ‘threats’ to energy infrastructure but also covered ‘challenges to energy projects from environmental groups’, ‘cyber security initiatives’ and ‘economic and corporate espionage’.” [Guardian]… Keep reading →
The American Petroleum Institute put the below map together, showing the locations of the 21 proposed US LNG export plants, including the 4 that have received DOE approval for exports to non-free trade agreement nations. Each location on the map includes “a summary of anticipated capital investments, jobs, and export volumes associated with each U.S.… Keep reading →
The utility business model is changing from one of large, centralized generators that own and run entire power systems – from plants, to transmission, to distribution – to one involving more distributed generation and more players offering innovative products, services, and most importantly, customer savings. But crafting the right policies and regulations will be cornerstones… Keep reading →
Could implementing a widespread change in energy use be as simple as educating leadership? The US Navy’s top-down structure may provide an effective means of implementing broad, sweeping changes to energy use in one of the country’s largest institutions. The Naval Postgraduate School’s Energy Academic Group and Cebrowski Institute hosted a five-day training course for Naval… Keep reading →
The exact circumstances surrounding the kidnapping – and subsequent release – of Libyan Prime Minister Ali Zeidan by an anti-crime unit in Tripoli last night aren’t totally clear. But as short-lived as the event proved to be, it had a big impact on oil markets. “The oil market was reminded overnight that the geopolitical risk… Keep reading →
By Javier E David First was Texas. Next came Pennsylvania and North Dakota. Could New York become the next U.S. shale hotspot? It’s a tantalizing prospect for some, given that the Empire State sits atop not one but two prolific shale formations, the Marcellus and the Utica. According to the most recent data from the… Keep reading →
The Sierra Club’s campaign against coal-fired power in the US reached a major milestone with the announcement that the Brayton Point Power Station in Massachusetts would retire by 2017, which marked 150 coal plants that announced plans to retire since 2010. Several celebrities joined the cause, including Elle Macpherson, Edward James Olmos and Ian Somerhalder.… Keep reading →
With the 2014 FIFA World Cup less than a year away, Brazil is rapidly preparing its power grid to support the millions of visitors that will travel to the country for the event. Many of the transmission and distribution infrastructure challenges that Brazil is currently addressing were similar to the issues South Africa confronted during… Keep reading →
The 40th anniversary of the Arab oil embargo against states that supported Israel during the Yom Kippur War is an appropriate occasion to evaluate the state of the international oil market. The embargo started on October 16th, 1973. The global petroleum system was irrevocably altered by the embargo and the global oil business forever transformed… Keep reading →
