The Israeli regulator’s decision to reopen a natural gas agreement because of a monopoly issue jeopardizes the country’s gas export potential and its ability to attract foreign capital, as well as threatening to complicate relations with Jordan, the Palestinian Authority, and Egypt. Yesterday, Israel’s Antitrust Authority announced it was considering whether to cancel an agreement… Keep reading →
Developing the abundant natural gas resources discovered offshore Israel is a complicated endeavor that involves considerable geopolitical diplomacy in addition to the traditional commercial details that must be worked out when building multi-billion dollar energy projects. “Natural gas is both a geopolitical tool and a target in Israel, where a newfound bonanza of resources has… Keep reading →
Tax reform talk is heating up in Congress as they hurry to pass a tax extenders bill before year end. Iowa Senator Chuck Grassley wants the controversial wind energy production tax credit included in the bill. “I’m concerned about rumors that some are working to leave out or shorten the extension of the wind energy… Keep reading →
The companies developing the Leviathan field off the coast of Israel have reportedly signed an initial agreement with a Jordanian power company for a multi-billion dollar, long-term natural gas supply deal. “Under the terms of the latest agreement, the gas is to be sold at oil-linked prices and will be delivered to a border location… Keep reading →
Woodside’s decision shows how Israel will need to cement its foreign partnerships, investments, and export routes in order to take full advantage of its growing gas surplus. On May 20, Woodside Petroleum, Australia’s second biggest oil and natural gas producer, announced that it was ending its longstanding bid to acquire a stake in Israel’s Leviathan… Keep reading →
Scientists at Lehigh University are proposing modeling wind turbine blades on owls’ wings to mimic their stealth properties. “If the noise-reduction mechanism of the owl down can be established, there may be far-reaching implications to the design of novel sound-absorbing liners, the use of flexible roughness to affect trailing-edge noise and vibrations for aircraft and wind… Keep reading →
BP displayed a lack of caution in agreeing to a rather lax set of standards regarding payment for Macondo oil spill claims. “The level of compensation was never capped and the settlement didn’t require proof that losses were caused by the spill.” [Bloomberg] Walgreens is building its first “net-zero energy” store in Illinois. Adding generation capacity… Keep reading →
