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Energy / Natural Gas

  • Ukraine Playing Hardball With Gazprom In New Gas Deal

    Ukraine plans to suspend its gas purchases from Russia on April 1, the day after the current contract expires, in an effort to strengthen Kiev’s bargaining position as the two countries negotiate a new deal that could lower the price of the fuel. Ukraine has been shifting its reliance on gas from Russia to Europe, in large part because of growing tensions between the two countries that have previously led to interruptions in the flow of gas through a Ukrainian pipeline that also serves Western Europe. Europe has been buying about half of its gas from Russia, and about 30…

  • How Much Gas Will Flow Out Of The Marcellus Shale?

    A relatively high-profile natural gas pipeline cleared a key legal hurdle just as another saw increasing opposition from affected landowners.The shale gas revolution has brought a wave of natural gas online in the United States, to be used in electricity generation, manufacturing, and petrochemical processing. But one of the major constraints in fully capitalizing off of the bounty has been the dearth of pipeline infrastructure. Much of the production occurs in Appalachia, but major consumers are on the East Coast, for example.Related: Natural Gas Prices To Crash Unless Rig Count Falls Fast Following the prolific drilling has been a corresponding construction…

  • Natural Gas Prices To Crash Unless Rig Count Falls Fast

    Spending cuts for oil-directed drilling have dominated first quarter 2015 energy news but rig counts for shale gas drilling are too high. Investors should pay attention to this growing problem. Bank of America fears sub-$2 gas prices now that winter heating worries are over. Low natural gas prices affect the economics for gas-rich oil production in the Eagle Ford Shale and Permian basin plays as well as for the shale gas plays. Meanwhile, an orgy of over-production is taking place in the Marcellus Shale. Well head prices are now below $1.50 per thousand cubic feet of gas because of limited…

  • LNG Thrown A Lifeline By Shipping Industry

    Introduction Marine vessels offer the cheapest and easiest way to transport goods around the world. There are an estimated 50,000 container ships moving goods from point A to point B in all four corners of the globe. Given the amount of trade that occurs globally, moving goods by water also is one of the cleanest forms of transit. Still, there is an extraordinary level of pollution from the shipping industry. International shipping is responsible for about 3% to 4% of total carbon dioxide emissions worldwide. If counted as a single country, shipping would rank number six in the world for…

  • ExxonMobil CEO Wrong About “Resilience” Of Tight Oil Production

    ExxonMobil CEO Rex Tillerson is wrong about the resilience of U.S. tight oil production. Last week, The Wall Street Journal reported: “…Mr. Tillerson pointed out that the collapse in natural-gas prices similarly had led the number of rigs drilling for that fuel to drop to 280 from north of 1,600 in 2008. Gas output jumped 50% in that time, he said. That is what you call resilience…While he didn’t see a perfect parallel between shale gas and shale oil, he said there were “lessons” to be learned.” His point is that we should not expect a big drop in U.S.…

  • Azerbaijan Eyeing Gas Opportunity In Europe

    Azerbaijan is running lower on energy income but, amidst a revived push for a role in gas distribution in Europe, not on energy-ambitions. Baku is pushing for the European Union’s seal of approval on the planned takeover of Greece’s gas distribution grid by Azerbaijan’s state oil and gas corporation, SOCAR. Energy Minister Natiq Aliyev expressed dismay that EU-regulators are taking their time to make sure the deal is compatible with EU competition laws, EurActiv reported on March 11. The deadline for the decision already was extended to April 22, but the minister's patience is running thin nonetheless, as SOCAR's tax…

  • UK To Block Russian Oligarch’s Gas Grab In North Sea

    Beggars can’t be choosers, but if you’re working with a Russian oligarch it’s best to exercise caution. At least that’s the opinion of the United Kingdom’s Department of Energy and Climate Change, who now intends to block the purchase of North Sea oil and gas assets by Mikhail Fridman and his Luxembourg-based LetterOne investment vehicle. The saga began more than two years ago, when Fridman and his consortium sold their share of TNK-BP to Rosneft for nearly $14 billion. That money would form the seed capital for LetterOne. Approximately one year ago, L1 Energy – a division of LetterOne –…

  • Could Natural Gas Be A Better Bet Than Oil?

    Gary Evans, Chairman and CEO of Magnum Hunter Resources Corporation (NYSE: MHR) is one smart operator. With over three decades of oil and gas exploration experience under his belt, Evans has a multi-billion dollar trophy to prove it. In 2005, he sold Magnum Hunter Resources, Inc. (MHRI) to Cimarex for $2.2 billion. He took a few years off, and then took over at MHR in 2009. On September 24, 2014, Evans announced to the world that Magnum Hunter had discovered what is still the largest producing shale well in history. It’s a gas well in Tyler County, West Virginia, and…

  • Europe Overtakes Asia As LNG’s Hottest Market

    The gravity of liquefied natural gas (LNG) demand shifted westwards over the past year. For several years now, LNG demand – and as a result, the price of LNG – has been the highest in Asia. Japan is responsible for about one-third of total LNG imports worldwide, and China, although a smaller player, is projected to be one of the key drivers of growth for LNG imports. But the Fukushima meltdown forced Japan to scramble for imported energy to replace its shuttered nuclear reactors. It turned to much higher imports of oil, coal, and LNG to make up for the…

  • Could Iranian Gas Be The Solution For Europe?

    Russia, beware, Iran is trying to get into the European gas market. In recent months, Iranian officials have been signaling to potential customers in Europe, potential suppliers in the Caspian Basin, and transit country Turkey that Iran is not only ready to get into the game but that without Iranian participation the European Union's Southern Gas Corridor will take many years to realize, or might never be realized. Of course, the Southern Gas Corridor is all about decreasing Russian gas exports to Europe, an increasingly important issue for European governments as ties with the Kremlin continue to deteriorate over events…