Chevron is restarting a shale drilling campaign in Romania, which has met resistance from the local population. As many as 300 riot police are patrolling the site. [Natural Gas Europe] Platts’ Brian Scheid has written an interesting piece on the Department of Energy’s latest LNG export approval, for an additional 0.4 billion cubic feet per… Keep reading →
The big news over the weekend was the temporary deal the US and its allies struck with Iran over the country’s nuclear program. The deal – recently predicted in an exclusive Breaking Defense interview with Iranian Foreign Minister Zarif – has been called the biggest diplomatic breakthrough with Tehran since the 1979 hostage crisis. The… Keep reading →
President Obama’s Senior Advisors today recommended he veto two new energy bills which respectively seek to block Interior Department regulations on hydraulic fracturing and speed up oil and gas drilling permits. On November 19th, 2013, the White House Administration issued a pair of statements strongly opposing two new energy bills: (1) H.R. 2728 – Protecting… Keep reading →
During a Cleveland steel plant tour, President Obama highlighted US energy as a success story. “We [have] invested in new American technologies to reverse our addiction to foreign oil, double wind power, double solar power, produce more oil, produce more natural gas, and do it all in a way that is actually bringing down some… Keep reading →
President Obama has issued an executive order outlining multiple strategies to bolster climate resilience of states and local governments. On November 1, 2013, President Obama signed an Executive Order (EO) titled “Preparing the United States for the Impacts of Climate Change,” directing federal agencies to support climate resilience efforts in states and local communities. The… Keep reading →
Climate Activist Bill McKibben says that a campaign to encourage divestment from fossil fuels is gaining momentum. If effective, it could have a huge impact on the oil, gas and coal industries, but it remains unclear how far-reaching it will prove to be. Brown University refused to divest from the 15 largest US coal companies,… Keep reading →
Sakhalin Energy, the consortium that operates the Sakhalin II LNG project in Russia, is seeking higher prices for LNG sales from Korea’s Kogas, the world’s largest LNG buyer, sources have told Bloomberg. The contract is linked to Brent crude prices, which have risen substantially since it was signed eight years ago. The article indicates that Kogas… Keep reading →
Carl Icahn has bought up 61 million shares of Calgary-based Talisman Energy, which equates to about 6% – or $300 million worth – of the company’s stock. “This is an unfocused company that probably needs to shed more assets or be taken over completely.” Icahn previously set his sights on companies such as Chesapeake and Transocean… Keep reading →
Head of TransCanada’s Keystone XL project Les Cherwenuk has faulted Republicans for delaying the completion of the Keystone XL pipeline. A Republicans mandate in 2012 requiring President Obama to make a decision on the pipeline was issued before materials needed for approval were complete, he said. “He couldn’t [approve the project] fundamentally , since the work… Keep reading →
TransCanada’s proposed Energy East pipeline could provide Canada with an outlet for Alberta’s oil sands that sidesteps political opposition obstructing competing projects heading south and west. But with the shift in oil demand growth from the Atlantic Basin to the Pacific, moving oil east may be a second-best solution. TransCanada’s Keystone XL and Enbridge’s Northern… Keep reading →
