Political infighting is taking place in Alaska over the state’s hydrocarbon future. This time, however, it’s not over its oil production which has been steadily declining since reaching a peak of over 2 million barrels per day (b/d) in 1988 to a current average of just over 500,000 b/d. Its over the state’s plans to… Keep reading →
The US Department of Energy today granted Freeport LNG two final authorizations to export natural gas to non-Free Trade Agreement countries. The ruling authorizes Freeport to export up to 1.8 billion cubic feet of LNG per day for 20 years. The DOE earlier this year changed its LNG permit approval process from a blanket first… Keep reading →
Many were praising the wisdom of the vertically integrated oil company business model pioneered by John D. Rockefeller Sr. when ExxonMobil and Chevron today posted higher than expected third quarter earnings that were buoyed by their downstream operations. Oil price decreases weighed on upstream performance, which is typically where these companies generate most of their… Keep reading →
Scientists using satellite data discovered a major source of methane emissions in the Four Corners region of the US Southwest that comprises Arizona, Utah, New Mexico and Colorado. The methane appears to be coming from coal-bed methane mining operations. “The hotspot, which predates the current hydraulic fracturing, or fracking, boom in the region, is over… Keep reading →
Alaska and the oil companies developing the Prudhoe Bay and Point Thompson resources located on the remote North Slope are sitting on a lot of gas that can be used by Alaskan consumers and exported if the stakeholders can work through a maze of financial and technical considerations. With a cost estimated between $45 and… Keep reading →
Project partners and the State of Alaska filed a permit application with FERC on Friday to export an estimated 35 trillion cubic feet of natural gas reserves from Alaska’s North Slope. The mammoth project could cost between $45 billion and $65 billion and would involve constructing an 800-mile pipeline in addition to gas processing, liquefaction… 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,… 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,… Keep reading →
ConocoPhillips has obtained DOE authorization to export LNG to non-FTA countries from its Kenai Facility in Alaska. On April 14, 2014, the Department of Energy (DOE) issued authorization for ConocoPhillips Alaska Natural Gas Corporation (CPANGC) to export liquefied natural gas (LNG) from its Kenai LNG facility in Alaska to non-Free Trade Agreement (FTA) countries. CPANGC… 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,… Keep reading →
