The latest issue of our client newsletter, Energy Update, designed to inform clients and friends of the firm about important developments affecting US and international energy markets.
Energy Markets
Energy Update – May 2017
By DONNA BOBBISH, GERALD FEIGE, ROBERT N. FREEDMAN, PATRICIA HAMMES, JEAN-LOUIS NEVES MANDELLI, BILL MCCORMACK, ANTHONY PATTEN, JAMES WEBBER | SHEARMAN & STERLING LLPSign up and get Breaking Energy news in your inbox.
We will never sell or share your information without your consent. See our privacy policy.Greater Flexibility, Efficiency In Gas Markets Requires New Standards
By Environmental Defense Fund Energy Exchange Blog
Markets for electricity and natural gas in the U.S. grew up independently of one another. The rules in one do not always align with the rules in the other, creating challenges for both operators and regulators. Cumbersome inefficiencies are becoming more evident with the rapid evolution of the electric system. With more gas-fired power plants… Keep reading →
Iran’s plan to export liquefied natural gas (LNG) within two years is what you call a market signal, one that should cause U.S. policymakers to reconsider the ponderous pace with which proposed U.S. LNG export projects are gaining federal approval. The Wall Street Journal reported: Iran is pushing to find new ways to extract and… Keep reading →
Energy News Roundup: Town Rejects Solar, Renewable Stocks Rise & Teenager Predicted Abengoa’s Collapse
By Conor O'Sullivan
A town council in North Carolina rejected plans to rezone land for a solar farm after residents voiced fears it would cause cancer, stop plants from growing and suck up all the energy from the sun. [Huffpost Green] European renewable energy stocks rallied on Monday following an agreement over the weekend at the Paris global… Keep reading →
Energy News Roundup: Irving Sell Off More Assets, Energy Companies Rebound & Toshiba’s Nuclear Plan
By Conor O'Sullivan
Energy companies, such as Irving Oil, have responded to the latest slump in the oil price by selling approximately $318 billion of assets such as storage facilities, pipelines and fuel terminals. [WSJ] Energy companies climbed after being beaten down over the past several days, with markets rising on Thursday. [U.S. News/AP] Toshiba, the technology company… Keep reading →
Energy News Roundup: Clinton’s Coal Plan, Falling Markets & AutoGrid’s Signature Software
By Conor O'Sullivan
Hillary Clinton’s campaign on Thursday unveiled a $30 billion plan to help coal communities rebound as the clean energy economy develops. [Fox News] Energy companies from Australia to China tumbled Friday as falling commodities prices stoked fears over the global outlook. [Yahoo News] AutoGrid Systems, a demand response software company based in Redwood City, said… Keep reading →
Energy News Roundup: VW Scandal Deepens, NRG’s Renewable Defection & Apple’s EV Plans
By Conor O'Sullivan
The scope of Volkswagen’s diesel scandal broadened on Tuesday, with the company announcing that 11 million of its diesel cars worldwide were equipped with the same software that was used to cheat on emissions tests in the United States. [The NY Times] Shares of NRG Energy have fallen 8.6% to $16.44 on heavy trading volume, continuing losses from… Keep reading →
Energy News Roundup: Lazard Release Renewable Energy Report, American Consumers Paying Less For Energy & Oil Search-Woodside Merger Fails
By Conor O'Sullivan
A recent analysis from Lazard of the levelized cost of various forms of energy shows wind, solar and biomass states they are already cost-competitive with most fossil fuels. [WSJ] American households are expected to pay an estimated $700 less for energy expenditures than in 2014—a windfall that is expected to last through 2016, according to the EIA.… Keep reading →
This Strange Event Could Send Crude Oil Soaring
By Alex Rosenberg | CNBC
A huge move for oil could be on tap Monday afternoon, when an unusually high level of activity in September options contracts could set the stage for a vicious rally. Options on the September crude oil futures contract expire Monday at the 2:30 p.m. ET settlement. And those derivative contracts have been very popular, with… Keep reading →
Energy News Roundup: CPP Targets Coal, NextEra Purchase New Pipeline & Energy Stocks Slump
By Conor O'Sullivan
Coal companies vowed to fight President Barack Obama’s new limits on climate-change pollution as details of the emission regulations emerged. [Bloomberg] NextEra Energy Partners have announced it will purchase NET Midstream, a privately held company that develops natural gas pipelines, for $2.1 billion. [Reuters] Stocks are decreasing as energy companies slide due to the continuing… Keep reading →
