In the debate over hydraulic fracturing – as in most debates – the most extreme views do not offer the most viable solutions. But while the oil and gas industry has, by and large, acknowledged that there are risks associated with fracking that must be managed, there are still many in the anti-fracking camp who… Keep reading →
The possibility of a rapprochement in nuclear talks between the US and Iran – though they did not produce a deal – had fueled a degree of oil market optimism about Iran’s reinstatement as a global oil supplier. But even if negotiations had proved successful, political and logistical hurdles would likely have stalled any significant return… Keep reading →
Leave it to good old T. Boone Pickens to compare frog boiling with the US-Opec strategic relationship. Pickens today posted a piece on LinkedIn promoting his ‘Pickens Plan’ – a multi-pronged approach to eliminating US oil imports – that harkened back to President Nixon’s promise of US energy independence. In 1973, President Nixon said: “Let… Keep reading →
Washington’s relationship with Riyadh has always been focused on mutually-beneficial policies, while politely ignoring considerable societal differences. There have certainly been periods of ideological conflict, but the House of Saud and the Obama Administration currently find themselves very far apart on several important issues. And while leadership in Washington thus far appears relatively unconcerned –… 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 →
The Saudis are unhappy with several recent US foreign policy decisions in the Middle East and North Africa, and some fear cooler relations with Riyadh would weaken the US’ regional footing. Secretary of State John Kerry has been meeting with Prince Saud al-Faisal in London and Paris over the past few days trying to iron… Keep reading →
Rosneft and CNPC signed a memorandum of understanding covering joint development of Eastern Siberian oil and gas resources. The Kremlin has been reluctant to supply its increasingly powerful neighbor for years and the two sides have continuously haggled over natural gas prices, but as Europe increasingly seeks to reduce its Russian energy reliance and large… Keep reading →
The United States is expected to produce more hydrocarbons – oil, natural gas, and liquids (such as condensates) – than any other country in the world this year, according to the US Energy Information Administration. The EIA published an article last Friday on US hydrocarbon production growth, comparing it to that of global oil and… Keep reading →
As global natural gas fundamentals shift – with Asian demand expected to significantly increase, the US importing less and exporting more – European countries seek secure and reliable long-term supply from a diverse group of producers. An ambitious pipeline project dubbed the Southern Gas Corridor is part of that vision. European utilities have successfully renegotiated… Keep reading →
The US energy landscape today compared with 10 years ago is virtually unrecognizable, as the script with regard to import-dependent demand has been flipped to a potential export story. The seemingly moribund US natural gas industry characterized by decreasing reserves and production is now the apple of the world’s eye, with governments and private companies… Keep reading →
