The oil and gas industry builds some of the world’s largest, most technically-challenging and expensive projects, especially now as companies are pushed further offshore, into the Arctic and into unconventional resource opportunities. As such, capital expenditure is closely watched by investors and there is consistent discourse around how much cash should be deployed to increase… Keep reading →
ExxonMobil is famously tight-lipped and conservative, and its quarterly earnings calls rarely produce much in the way of stunning news or salacious gossip. But the company’s discussions of ongoing operations at important projects – such as massive oil sands investments, Russian gas export facilities and Alaskan infrastructure targets – touch on some of the trickiest and… Keep reading →
A disrupted planting schedule and unusually wet weather has increased demand for propane used to dry corn, creating shortages exacerbated by transportation bottlnecks. “A lot of guys are being rationed at 300 to 500 gallons a day, and it’s just not enough,” said John Plathe, 49, a corn farmer in west-central Minnesota. “If this were… Keep reading →
Coal and oil and gas producer Consol has agreed to sell its Consolidation Coal Company subsidiary, which holds five West Virginia coal mines, to Murray Energy for $3.5 billion. Consol aims to whittle its assets down to growth markets – natural gas production and coal for export – as the future of US power generation veers more… Keep reading →
The Deepwater Horizon spill captured the attention of the American public with images of sea birds covered in oil slick and floating masses of crude on the surface of the ocean. But what has yet to be addressed is the impact of the oil spill on the sea floor. Paul Montagna and a team of… Keep reading →
Oil and gas company valuations are based, in part, on their reserves – volumes of oil or gas yet to be developed from assets in their possession. But the International Energy Agency has said that to avoid catastrophic climate change, a third of global fossil fuel reserves must be off-limits until 2050. And if governments… Keep reading →
Large oil and gas companies are some of the most active investors in the cleantech space, using new technologies to improve operational efficiency, according to research and advisory firm the Cleantech Group. Cleantech start-ups and oil and gas producers would not appear at first glance to be a good fit for fruitful corporate partnerships. The… Keep reading →
The Alaska LNG project team has selected Nikiski as the lead site for the proposed liquefaction plant and terminal. On October 7, 2013, ExxonMobil, BP, ConocoPhillips, and TransCanada, announced the selection of Nikiski on the Kenai Peninsula as a lead liquefaction plant and terminal site for the Alaska liquefied natural gas (LNG) export project. Prior… Keep reading →
With all the coverage of the 1973 Arab Oil Embargo – which began on this day 40 years ago – it’s interesting to get a major oil company’s perspective. And not just any oil company, but one of the original “7 Sisters,” London-based BP. This video features commentary from former BP Chairmen, Sirs Eric Drake… Keep reading →
The United States is expected to produce more hydrocarbons – oil, natural gas, and liquids (such as condensates) – than any other country in the world this year, according to the US Energy Information Administration. The EIA published an article last Friday on US hydrocarbon production growth, comparing it to that of global oil and… Keep reading →
