Last week 11 democratic senators signed a letter to President Obama urging a Keystone Pipeline decision be made by May 31. Sen. Heidi Heitkamp of North Dakota spearheaded the letter along with new Energy and Natural Resources Chairwoman Mary L. Landrieu of Louisiana. The senators expressed the importance of not missing the summer construction season.… Keep reading →
By Bryan Borzykowski Last June, Warren Buffett’s Berkshire Hathaway surprised a number of investors by sinking more than $500 million into Suncor Energy (NYSE: SU), one of Canada’s largest oil-and-gas companies. To Americans, it may have seemed like just another one of the Oracle’s undervalued plays, but it got a lot of long-suffering Canadian energy… Keep reading →
Moscow and Beijing have danced around a natural gas supply deal for over a decade, with price being the major sticking point, but the current dust up with Europe over Ukraine could finally open the door to price conciliation. “Conversely, on the Russian side, Gazprom might finally sign a natural gas supply deal with China,… Keep reading →
The US has gone from a net chemical importer in 2011 to an exporter with anticipated export revenue of almost $30 billion by 2018, thanks in large part to comparatively cheap natural gas and power prices. “US groups such as ExxonMobil, Dow Chemical, Chevron and Phillips 66 are among the leaders in investing in new… Keep reading →
We’ve increasingly seen celebrities voice their views on energy-related issues and recent Academy Award winner Jared Leto just joined the crowd when he signed an open letter to Secretary of State John Kerry urging him to recommend Keystone XL pipeline permit disapproval to President Obama. The dramatic letter compares Kerry’s Keystone decision to his 1971… Keep reading →
Malaysian national oil company Petronas is selling a 10% stake in its proposed Pacific NorthWest LNG Ltd. (PNW LNG) export facility and the gas reserves underpinning the project to Indian Oil Corp. As part of the deal, Indian Oil will offtake 1.2 million tons of LNG – 10% of production capacity – from the liquefaction… Keep reading →
The highly controversial Keystone XL pipeline project – that would move Canadian oil sands crude from Alberta to the US Gulf Coast – took a step forward in the drawn-out approval process today when the State Department released its Final Environmental Impact Statement. The statement is mostly favorable – the executive summary is included below.… Keep reading →
As part of its New Energy Architecture initiative to better understand the changes currently in full swing within the global energy system, the World Economic Forum recently published its Global Energy Architecture Performance Index Report 2014. The report identifies and examines various indicators across countries and regions that are significant for an effective global transition… Keep reading →
As the US tight oil and gas boom continues, reliance on Canadian crude oil and gas softens. Robust US production also sparked a vibrant export discussion, which could eventually see Canadian and US companies competing for customers and market share. “The protracted controversy over the Keystone XL Pipeline project has focused a great deal of… Keep reading →
Presidential Permit for Keystone XL Not a Foregone Conclusion
By Roman KilisekLast Friday the U.S. Department of State released its Final Supplemental Environmental Impact Statement (SEIS) for the Keystone XL pipeline project. Instantly, many media outlets were only too eager to suggest that with this report the Keystone decision to be made by President Obama is a foregone conclusion; namely, in favor of the controversial project.… Keep reading →