Chesapeake Energy, co-founded by flamboyant and freewheeling Aubrey McClendon, appears to be successfully restructuring in the wake of the former chairman and CEO’s departure. The company today announced positive Q3 earnings and analysts rewarded its upbeat outlook, but investors were less impressed, as share prices were down almost 7% by late afternoon. “We upgrade… 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 →
The EIA’s latest Short-Term Energy and Winter Fuels Outlook finds US households heated with natural gas, propane and electricity face higher heating bills this winter. Homes in the northeast that use heating oil will pay slightly less for the fuel than last year. These price movements are primarily due to changes in underlying commodity prices,… Keep reading →
As the United States moves closer to imposing an economic cost on carbon dioxide emissions in the form of emissions limits on power plants, there will be a shift in the ranking of fuels that are most economic for power generation. And while nuclear’s future is looking more promising, it is not certain that it… Keep reading →
The production tax credit may still be critical to the continued development of wind power in the US. But as the price of generating wind power keeps falling, justification for renewing it could lose steam, and if lawmakers do prevent it from lapsing at the end of this year, the question may soon become how… Keep reading →
The Energy Information Administration’s most recent Short-Term Energy Outlook points to an uptick in natural gas demand that could help take some of the slack out of the market, but other forecasts suggest that the EIA’s production expectations are too conservative. If that is the case, the supply overhang could persist for some time, absent a… Keep reading →
Alternative fuel company Primus Green Energy has just opened a gas-to-liquids demonstration plant in New Jersey. With natural gas prices trading well below oil prices, and US gas reserves abundant, Primus’ product could provide a cost-competitive alternative to petroleum-based fuels for the domestic market. Here are some of the quick takeaways from a recent plant tour, which Breaking… Keep reading →
Europe will require considerable volumes of Russian natural gas for the foreseeable future, but EU members are increasingly unhappy with paying oil-linked prices for the fuel. In the latest attempt at loosening the old Soviet energy yolk from Central and Eastern Europe, EU regulators yesterday filed an antitrust suit against Gazprom that could total $15… Keep reading →
Expect the promised benefits of natural gas to really begin hitting the North American economy in the second half of this decade, said Chevron Vice President of Supply and Trading Greg Vesey at the North American Gas Forum in Washington, DC this week. It will take two to three years to complete construction of manufacturing… Keep reading →
