The need to reduce methane emissions from leaky valves, pipelines and compressor stations is giving rise to a new commercial industry made up of companies that specialize in methane emissions detection technology. “The industry has already seen an uptick in interest for its products and services, driven in part by the installation of oil and… Keep reading →
OPEC
Energy News Roundup: Methane Mitigation Industry Rises, Shell Suspends Russian Oil Project & OPEC Price War Percolates
By Jared AndersonSign up and get Breaking Energy news in your inbox.
We will never sell or share your information without your consent. See our privacy policy.Energy News Roundup: NYC Energy Efficiency Push, Bearish Oil Market, and UN Climate Chief Calls for Regulatory Certainty
By Jared AndersonNew York City Mayor Bill de Blasio announced a new program designed to reduce energy consumption in buildings as part of the city’s greenhouse gas reduction goal. The program called NYC Built to Last is modelled after the NYC Clean Heat initiative that cut soot pollution from heating oil by 50 percent. “Representing three quarters… Keep reading →
Energy News Roundup: Did Opec Miss the Shale Boat? NY Goes Big Into Solar and Slight Oil Price Increase
By Jared AndersonOpec missed the fracking bandwagon according to this article that includes quotes from a secret letter written by Prince Al-Waleed Bin Talal, a high-ranking member of the Saudi royal family, that drew attention to the threat posed by non-Opec unconventional resource production growth. “In addition to the many discoveries of oil and gas in the… Keep reading →
Energy Quote of the Day: ‘The Fog of War Will not Clear for a Long Time;’ Oil Price Impact?
By Jared AndersonGeopolitical turmoil and security threats in major producing regions are never good for oil market stability, and while global benchmark oil prices have been cruising through an historic range-bound lack of volatility for an extended period, geopolitical headwinds show no sign of abating in the near term according to Barclays’ research. The bank forecasts 2014 Brent… Keep reading →
Pemex Restructuring Could Signal New Competitior for OPEC Despite Long-Term Issues
By Conor O'SullivanThe impending restructuring of Mexico’s national oil company – Pemex – from a state-owned monopoly to a public-private entity will have a profound effect on the energy security and economy of Mexico. It may also have far reaching implications for its North American neighbors, the United States and Canada, who are both experiencing what has… Keep reading →
Energy News Roundup: Cyber Attacks Hit Energy Firms, Devon Sells $2.3 Billion in Non-core Assets & Opec Output Boost
By Jared AndersonIt’s called “Energetic Bear” and some experts believe elements of the Russian government are behind a string of malware infections that reportedly compromised hundreds of industrial control systems. Originally thought to be used as a form of espionage, experts believe the technology can gain control of energy infrastructure and “cripple physical systems such as wind… Keep reading →
Energy Security: ‘Euphoria over Abundance’ is Misplaced says Jason Bordoff at IAEE Conference
By Roman KilisekThe highly informative and thought-provoking 2014 annual International Association for Energy Economics (IAEE) International Conference came to a successful close last week in New York. The energy world, a world of disparate natural resources endowments that constantly wrangles with its steady companion ‘political risk’, is highly volatile and, therefore, always in flux. In this context, Jason… Keep reading →
Energy Revolution Rolls On, Federal Role Declines
By Energy Tomorrow BlogLet’s make a couple of points with the juxtaposition of the newest U.S. report on energy production on federal lands and a pair of new analyses people are talking about this week. First, there’s this piece by the Manhattan Institute’s Jared Meyer on the Real Clear Energy website, asserting that surging U.S. crude oil production is playing… Keep reading →
Energy News Roundup: Europe Seeks Elusive Energy Holy Trinity, US House Passes Efficiency Bills & Oil Prices Steady
By Jared AndersonEnergy consumers often seek similar goals when sourcing supply: Reliable, clean and cheap. The European Union is no exception and a new energy strategy document drafted in the wake of Gazprom’s latest natural gas supply cutoff reiterates that goal. “We must avoid Europe relying to such a high extent on fuel and gas imports. To… Keep reading →
Energy News Roundup: Libya Shakes Up Crude Oil Market and Europe is Stuck with Russia for Gas
By Jared AndersonThe Brent-WTI spread narrowed further yesterday, with the price differential currently around $6/bbl, as Libya continues to shake up the international oil market. “Libya, the holder of Africa’s biggest crude reserves, has become the smallest producer in the 12-member Organization of Petroleum Exporting Countries after protests halted production and shipments. Output shrank to 250,000 barrels… Keep reading →