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Breaking News:

Oil Prices Gain 2% on Tightening Supply

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World Entering “Golden Age of Gas”

World Entering “Golden Age of Gas”

Apr 03, 2014 at 15:03 | James Burgess

Bloomberg published a lengthy article on the proliferation of shale gas drilling around the world, with interviews from top oil and gas executives. Drillers are trying to replicate the…

Merkel Pulls Back on Wind Power Cuts

Merkel Pulls Back on Wind Power Cuts

Apr 03, 2014 at 15:01 | Charles Kennedy

In an effort to gain political support for her energy policies, German Chancellor Angela Merkel has agreed to make smaller cuts to wind power assistance than she previously wanted.…

China Plans More Electric Vehicle Support

China Plans More Electric Vehicle Support

Apr 03, 2014 at 14:59 | Joao Peixe

China announced plans to support greater adoption of electric vehicles by exempting buyers of EV’s from paying a sales tax. Vice Premier Ma Kai said that past incentives have…

Problems Mount at Kashagan Oil Field

Problems Mount at Kashagan Oil Field

Apr 02, 2014 at 17:22 | James Burgess

The massive Kashagan oil project in the Caspian Sea has suffered from huge cost overruns and delays, and the problems do not seem to be going away. It now appears…

Marcellus Becomes More Profitable

Marcellus Becomes More Profitable

Apr 02, 2014 at 17:19 | Charles Kennedy

A new report from Moody’s suggests that producers that got in on the Marcellus shale early, and weathered several years of low prices, are now very well positioned in…

Libyan Rebels Agree to Reopen Port

Libyan Rebels Agree to Reopen Port

Apr 02, 2014 at 17:16 | Joao Peixe

The Libyan rebels that have controlled several key ports have agreed to hold talks with the central government and will reopen ports within a few days. The easing of…

Oil Tanker Shot at in Strait of Hormuz

Oil Tanker Shot at in Strait of Hormuz

Apr 01, 2014 at 17:22 | James Burgess

An oil tanker was fired upon by armed men in a skiff as it made its way through the Strait of Hormuz on March 30. Using an assault rifle,…

Major Iraq Oil Field Comes Online

Major Iraq Oil Field Comes Online

Apr 01, 2014 at 17:20 | Joao Peixe

One of Iraq’s largest oil fields – as well as one of the world’s largest untapped fields – began commercial production on March 29. Russia’s Lukoil operates the West…

Mexican Local Content Rules Could Complicate Oil Investment

Mexican Local Content Rules Could Complicate Oil Investment

Apr 01, 2014 at 17:18 | Charles Kennedy

The Mexican government is considering implementing local content rules for oil and gas exploration in an effort to provide benefits to Mexican companies. According to Reuters, however, the rules…

U.S. Regulators Say Oil Industry Withholding Data on Rail Crashes

U.S. Regulators Say Oil Industry Withholding Data on Rail Crashes

Mar 31, 2014 at 17:23 | Charles Kennedy

Federal regulators said on March 28 that the oil industry was withholding key information related to the series of train derailments and explosions involving transporting crude oil. The Department of…

Oil Ship Loses Power in Gulf; Production Shut In

Oil Ship Loses Power in Gulf; Production Shut In

Mar 31, 2014 at 17:18 | Joao Peixe

A floating offshore oil production ship briefly lost power on March 28, drifted from its location, and spilled a small amount of oil into the Gulf of Mexico. The Helix…

Wind Power Hits Record in Texas

Wind Power Hits Record in Texas

Mar 31, 2014 at 17:11 | James Burgess

In the Lone Star state, the wind industry hit a new record for generation. On the night of March 26, wind power surpassed 10,000 megawatts of generation, a new high,…

Lesser Prairie Chicken Could Impede Oil and Gas Development

Lesser Prairie Chicken Could Impede Oil and Gas Development

Mar 28, 2014 at 15:31 | James Burgess

The U.S. Fish and Wildlife Service listed the Lesser Prairie Chicken on a list of “threatened” species under the Endangered Species Act, providing it with a certain level of…

Argentina Cuts Utility Subsidies

Argentina Cuts Utility Subsidies

Mar 28, 2014 at 15:29 | Charles Kennedy

Argentina announced that it will reduce the rate at which it subsidizes natural gas and water in order to trim its budget deficit. "What we are going to do now…

Senators Push for Expedited LNG Approval

Senators Push for Expedited LNG Approval

Mar 28, 2014 at 15:27 | Joao Peixe

Senators Mary Landrieu (D-LA) and Lisa Murkowski (R-AK) are pushing for an overhaul of how LNG export applications are reviewed in order to prioritize projects that are commercially viable. The…

President Obama Meets Saudi King amid Changing Relationship

President Obama Meets Saudi King amid Changing Relationship

Mar 27, 2014 at 14:46 | James Burgess

U.S. President Barack Obama will meet Saudi Arabia’s King Abdullah on March 28, a time in which their nations’ long-held alliance is undergoing a dramatic shift. For decades, the…

Gazprom Wants 15% of Global LNG Market

Gazprom Wants 15% of Global LNG Market

Mar 27, 2014 at 14:44 | Joao Peixe

Gazprom aims to capture 15% of the global LNG market over the next 15 years. In a press release, it stated that its board of directors agreed that LNG…

Potential Sale of Oil from SPR Gaining Steam

Potential Sale of Oil from SPR Gaining Steam

Mar 27, 2014 at 14:42 | Charles Kennedy

Bloomberg News reported on March 26 that the possibility of the U.S. releasing emergency stockpiles of oil in order to punish Russia is gaining a bit of steam in…

U.S. Oil Production Reaches 10% of Global Supply

U.S. Oil Production Reaches 10% of Global Supply

Mar 26, 2014 at 17:11 | Charles Kennedy

In the fourth quarter of 2013, the United States produced 7.84 million barrels of oil per day, according to new data from the Energy Information Administration. This was enough to…

EU Eyes Fracking for Energy Security

EU Eyes Fracking for Energy Security

Mar 26, 2014 at 17:05 | James Burgess

The dependence of many European Union members on Russian gas has been the topic of discussion for several weeks now, and a G7 meeting this week had EU member countries…

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