The development of unconventional oil resources outside the US frequently features in lists of events that could dramatically alter the global energy picture. But international development of unconventional resources of all kinds has been stymied by a range of above-ground factors, and EOG Resources does not expect their development to impact global markets for at… 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 natural gas industry is optimistic about its own future, but safety – be it pipeline, environmental or cyber – continues to be a key concern, according to Black & Veatch’s second annual Strategic Directions in the North American Natural Gas Industry survey. The overwhelming majority of the survey’s 336 respondents expect the US natural gas industry to… Keep reading →
Dow Chemical has gotten a lot of press about their position against “unfettered” LNG exports from the US. The chemical giant fears its competitively cheap natural gas feedstock advantage could erode if US gas were exported in volumes that cut into domestic supply, creating scarcity relative to demand for things like petrochemicals, plastics and other… Keep reading →
The Sierra Club’s campaign against coal-fired power in the US reached a major milestone with the announcement that the Brayton Point Power Station in Massachusetts would retire by 2017, which marked 150 coal plants that announced plans to retire since 2010. Several celebrities joined the cause, including Elle Macpherson, Edward James Olmos and Ian Somerhalder.… Keep reading →
It’s day two of the federal government shutdown, and there’s no real sense yet of how long it might last. In the meantime, investment bank Simmons & Co has helpfully laid out some possible effects on the oil and gas industry, depending on its duration. This could include delays to additional Department of Energy approvals for… Keep reading →
Respected oil and gas industry analysts Ed Morse and Amy Meyers Jaffe teamed up to write a Foreign Affairs piece that argues in favor of US LNG (and even crude oil) exports. They address some of the most common claims leveled by opponents and make a strong case for why US energy exports are in… Keep reading →
The US Department of Energy announced yesterday that it had issued a conditional approval for LNG exports to countries with which the US does not have a free trade agreement from Dominion’s Cove Point LNG project. This brings the number of projects with non-FTA export approval to four – Sabine Pass, Freeport, Lake Charles and… Keep reading →
In this report published by the German Marshall Fund, Washington Institute fellow Simon Henderson discusses ways of surmounting the challenges Israel and Cyprus face as they seek to develop newfound oil and gas deposits in the Eastern Mediterranean Sea. [The Washington Institute for Near East Policy] A bit further to the northeast, the Caspian Sea… Keep reading →
Coal-to-gas switching in the power sector has been a “brutally efficient” driver of US natural gas demand, and until new demand sources materialize, it will keep gas trading in the $3.20-$4.20 per million Btu range, according to Macquarie Global Oil & Natural Gas Economist Vikas Dwivedi. “Gas demand so far has been led by power,” Dwivedi said during… Keep reading →
