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Energy / Energy-General

OIlprice.com's Energy section focuses on all energy related topics that can't be easily classified in our other categories. Topics covered are fossil fuel energy, solar energy, wind energy and many other types of energy sources.

  • Double-Digit Growth For U.S. Shale Explorers

    Energy companies targeting inland shale basins in the United States are starting to reap the financial rewards of the North American production boom, with shares for big and marginal players alike posting huge gains. With U.S. oil production expected to rise, this year should be the year of the bulls. Nabors Industries Ltd., which owns and operates the largest land-based drilling fleet in the world, said its first quarter performance was hit hard by the severe winter that gripped much of North America this year. Chairman Tony Petrello, the company's president and chief executive officer, said operating income from its activity in…

  • Russia, India Planning $30 Billion Oil Pipeline Through Xinjiang

    Russia is changing its energy export policy vector as strong demand for hydrocarbons in both in China and in India continues to grow. The recent unease in both the U.S. and Europe over Russian President Vladimir Putin’s March 17 annexation of Crimea has only added to Moscow’s efforts to diversify its markets beyond Europe. Now Russia and India are planning to construct a $30 billion oil pipeline through China’s restive Xinjiang province. If successful, the pipeline will be the most expensive in the world. The groundwork for the project was laid on October 21, 2013, during Indian Prime Minister Manmohan Singh’s visit…

  • Shale Shock Therapy

    As the U.S. continues to extol the virtues of its shale gas revolution, peak oil theorists must be cringing to see their staunchest Malthusian beliefs demolished: the world may not run out of oil after all. But beyond the prospect of energy security, tight oil might have a much broader impact and added benefits to the early adopters. Stronger geopolitical leverage might be one of them. And the situation in Ukraine may not be foreign to the recent announcement of a first test release of 5 million barrels of oil from the US strategic reserves, no matter how small the…

  • Instability In Energy Producing Countries Brings Risks, Rewards

    Along with causing considerable hand wringing among Western leaders, Russia’s recent annexation of Crimea has raised concern in the oil and gas world -- an already volatile sector of the economy that regularly contends with political upheaval in the energy-producing countries it relies on.The oil business in particular does not react well to sudden disturbances in the economy or drastic political changes like what happened in Kiev in February. So many things can go wrong between when oil is extracted from a field in, say, Kuwait, Saudi Arabia, or Azerbaijan, and when it’s piped to a refinery and shipped to…

  • White House Delays Keystone XL Decision Until Nebraska Legal Challenge Settled

    The Keystone XL pipeline, already one of the most politicized and delayed pipelines in history, has hit another roadblock.On April 18, the Obama administration announced that it would delay its decision on whether to approve the US-Canada pipeline indefinitely until ongoing litigation in Nebraska that could affect the route of the pipeline is settled. TransCanada, the company behind Keystone XL, saw its share price sink 3.7 percent after news of the decision broke.Three landowners along the proposed Keystone XL route are challenging a Nebraska state law that gave Governor Dave Heineman the power to approve the route against their wishes.…

  • U.S. Gaining Energy Independence, But Still Reliant On Imports

    Though exports of petroleum products from the United States have increased by more than 10 percent since 2012, regional infrastructure issues mean the country still relies on imports for a significant amount of its energy needs. A net gain in oil and natural gas production from U.S. shale deposits is seen by some policymakers as a reason to increase overall energy exports. The U.S. Energy Information Administration (EIA) said exports of petroleum products like gasoline and other derivatives are already on the rise. The average 3.5 million barrels per day (bpd) worth of petroleum products exported in 2013 was more than 10…

  • Threat Of Tough Western Sanctions On Russia Unnerves U.S., EU Energy Firms

    Three days after Russia annexed the Crimea on March 17, U.S. President Barack Obama announced U.S. sanctions against 20 individuals, including Russian President Vladimir Putin’s chief of staff and close associate Sergei Ivanov, and other influential members of Putin’s inner circle. Also sanctioned was Bank Rossiia, which has close ties to Russian leadership. Obama told reporters, "Based on the executive order that I signed in response to Russia's initial intervention in Ukraine, we are imposing sanctions on more senior officials of the Russian government. In addition, we are today sanctioning a number of other individuals with substantial resources and influence…

  • Future Stars of the Energy Sector

    I’ve been watching the indexes -- one day up, the next down.  It might not inspire confidence but as an energy specialist, I couldn’t be happier – energy issues have done especially well in this choppiness.  That’s not a reason to get comfortable, however – we’re still going to look for value.  And I think we’re going to find it next in natural gas.  Some really oily plays have made us a lot of money recently:  Anadarko (APC) gave us a great settlement on Tronox, Noble (NBL) sits solidly at $75, Halcon (HK) has gotten a terrific read-through into their…

  • Where Would Increased U.S., EU Sanctions on Russia Leave Energy Investors in Ukr

    The EU and the US say they will impose "further costs" on Russia over its actions in Ukraine, as unrest continues in the east of the country. Tension has been rising in eastern Ukraine, with pro-Russian activists occupying buildings in more towns. On 14 April White House spokesman Jay Carney warned that Russia's actions "will come with a cost,'' which has Western energy companies deeply invested in Russia, such as Exxon Mobil and BP, increasingly nervous. While Russia denies stoking unrest in eastern Ukraine, British Foreign Secretary William Hague told reporters that he believed seizures of official buildings in eastern Ukrainian…

  • The 3 Most Important Numbers in Energy – 18th April 2014

    The Insider’s weekly run-down of critical figures and happenings from around the energy world.$1.35 billion. Amount that major base metal mining firm GlencoreXstrata is paying to acquire African oil producer Caracal Energy.The miner announced the acquisition this week, which will raise its stake in onshore fields in the central African nation of Chad to 85%. An interesting comment on the state of commodities markets—especially given the company has been exiting assets on the metals mining side of late.  19.3%. Increase in coal consumption from major Japanese power utilities during the fiscal year 2013/14. Data from the country’s Federation of Electric…