Recent energy news points to the potential for some big changes for major energy producers, and for global energy markets. After an arbitration court ruled that Gazprom was overcharging a German utility for gas, and mandated the addition of market price links to its pricing formula, members of the Gas Exporting Countries Forum might find… Keep reading →
President Obama’s June 25 Climate Action Plan speech has cast a pall over prospects for the Keystone XL oil pipeline project to deliver Canadian oil to US Gulf Coast refineries. Environmentalists cheered both the subject matter of the President’s speech and the possibilities it raised for blocking the controversial pipeline. But some in industry were… Keep reading →
The House passed a bill yesterday approving an offshore energy development agreement on the maritime border between the US and Mexico. But some Democrats opposed the bill, which waives the Dodd-Frank requirement that requires companies to disclose payments made to foreign governments. Nothing strange in that at all. [The Hill] Sources say that President Obama… Keep reading →
US natural gas prices could face rising volatility over the next several years as demand begins to catch up to the rapid supply growth of the last several years, according to Michael Zenker, Managing Director of Energy Research for SASCO Energy. The huge wave of supply that hit the US market in less than a decade… Keep reading →
A National Research Council report, which was mandatory under a 2011 pipeline safety law, found that Canadian heavy oil is no more likely to spur pipeline leaks than other crude oils are, which could bode well for the future of the Keystone XL pipeline. Of course, there is still the issue of the cold, dead… Keep reading →
President Obama’s wide-ranging climate change action plan announced today starts the clock on formulating long-awaited regulations restricting emissions from existing US coal-fired plants. Given a lack of congressional appetite for such measures, the president released a 21-page action plan designed to address climate change with domestic and international actions. Building on the carbon pollution standard… Keep reading →
