With all the fast moving trends flowing through the global energy business today – from shifting natural gas market dynamics, US oil & gas production increases, climate change issues and workforce demographics – it’s always interesting to hear which markets energy company executives are focusing on. Ernst & Young Global Oil & Gas Leader, Dale… Keep reading →
Chevron has signed a $10 bin, 50-year agreement with the government of Ukraine to explore for and develop oil and gas in the Olesska field in the western part of the country. Chevron is expected to spend $350MM for exploration over two to three years. Ukraine has a strong interest in developing its domestic resources as a means of reducing… Keep reading →
The Chevron-Apache Kitimat LNG export project in British Columbia has the potential to capitalize on Canada’s vast natural gas resources, as well as the proximity of its western coast to Asian markets. But it is also up against competition from producing countries like Australia, where the buildout of LNG export infrastructure is already well underway,… Keep reading →
The head of the US Energy Information Administration Adam Sieminski spoke about a wide range of issues at an event in New York earlier this week, including the US Winter Fuels Outlook, the new drilling productivity report, the geopolitics of shale development, EIA’s International Energy Outlook, and he provided insight into the rapidly-developing technologies used… Keep reading →
Improved drilling productivity in shale and other unconventional formations has been a major driver of the US shale gas and tight oil revolutions, and will be critical to the development of the country’s energy future. The US Energy Information Administration has developed a new information resource, a monthly Drilling Productivity Report, to shed more light on… Keep reading →
The US is the envy of the rest of the world when it comes to energy these days. This is what Robert Bryce, Senior Fellow with the Manhattan Institute’s Center for Energy Policy and the Environment told the audience during his opening remarks at the American Oil and Gas Renaissance conference held last week in… Keep reading →
Two of the oil industry’s more colorful chief executives – Total’s Christophe de Margerie and Eni’s Paolo Scaroni – provided some choice remarks on a range of energy-related topics yesterday at a Council on Foreign Relations event, The Future of Energy. They were joined by Michael Levi, director of the Council’s program on energy security… Keep reading →
A government shutdown that lasts only a few weeks should have limited impact on the operations of oil and gas companies, such as drilling, plant construction, and other ongoing operations. A longer-term shutdown could be more debilitating, delaying progress on regulatory requirements, such as new permits, or environmental impact studies. Short-term impacts could be much… Keep reading →
Natural gas’s environmental impact can be viewed in a positive light as a lower-emitting power generation source than coal or petroleum derivatives, or in a negative light as a source of methane emissions and driver of drilling activity. The University of Texas at Austin, in collaboration with the Environmental Defense Fund and nine natural gas… Keep reading →
Investment bank Raymond James has updated its US oil and natural gas liquids production forecast, with new estimates suggesting that the country could produce enough oil to satisfy domestic demand in less than ten years’ time. “The U.S. could easily be approaching the ‘holy grail’ of net oil ‘energy independence’ toward the end of the… Keep reading →
