The fortunes of natural gas will increasingly drive electricity pricing as it continues to displace coal, Black & Veatch forecasts in the latest Energy Market Perspective. Black & Veatch’s long-term forecast on electric power assumes a moderate economic rebound driving demand at a projected growth rate of 1.1% from 2013 through 2038. Growth in peak… Keep reading →
With all the fast moving trends flowing through the global energy business today – from shifting natural gas market dynamics, US oil & gas production increases, climate change issues and workforce demographics – it’s always interesting to hear which markets energy company executives are focusing on. Ernst & Young Global Oil & Gas Leader, Dale… Keep reading →
Alaska Governor’s latest plans to advance Alaska’s long-sought natural gas pipeline calls for state ownership share in the state’s LNG export project. On January 10, 2014, Alaska Governor Sean Parnell announced a proposal to establish state equity partnership in the Alaska Liquefied Natural Gas (LNG) project. To this end, the state will terminate its 2008… Keep reading →
The U.S. Chamber of Commerce’s Institute for 21st Century Energy laid out a road map for energy policy yesterday. Energy Works for US focuses on nine energy areas including removing barriers to increased domestic oil and natural gas production, modernizing the federal permitting process, regulation reform, and ensuring a competitive workforce. Chamber CEO Tom Donohue spoke on America’s… Keep reading →
It’s no secret that electricity generation requires substantial amounts of water, and different energy sources require varying amounts of water. Nor is it a surprise that Texas and other areas in the West and Southwest are in the midst of a persistent drought. Given these realities, it is surprising that water scarcity is largely absent from… Keep reading →
Oil and gas companies have discovered most of the world’s “easy oil,” but face extreme pressure from shareholders and Wall Street to consistently increase production and replace reserves, which takes them further offshore and closer to the poles. And as petroleum resources are increasingly developed in outpost locations with unconventional methods, the key to making… Keep reading →
ExxonMobil’s Ken Cohen highlights the tax payments made by some of the largest US-based oil companies, three of which – Exxon, Chevron and ConocoPhillips – appear in a list of the Top 10 corporate tax payers in 2012 compiled by 24/7 Wall Street. “In fact, ExxonMobil and Chevron are ranked #1 and #3 respectively, with… Keep reading →
The EIA’s Weekly Natural Gas Storage Report showed the largest inventory draw since the EIA started tracking the data in 1994. However, the withdrawal was slightly underwhelming, as analysts anticipated an even larger natural gas storage draw down resulting from increased heating needs during the recent extreme cold that blanketed much of the country. As… Keep reading →
As part of its New Energy Architecture initiative to better understand the changes currently in full swing within the global energy system, the World Economic Forum recently published its Global Energy Architecture Performance Index Report 2014. The report identifies and examines various indicators across countries and regions that are significant for an effective global transition… Keep reading →
The Energy Information Administration released a statement Monday projecting 2013’s CO2 emission’s rates to be 2% higher than the emissions in 2012. This comes on the heels of a decrease in emissions in 2012. The EIA attributes this increase to renewed coal consumption in the electricity power sector in 2013. The Obama administration retains the… Keep reading →
