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News

Blackout Risk to U.S. Electrical Grid from Potential Attack

Blackout Risk to U.S. Electrical Grid from Potential Attack

Mar 14, 2014 at 16:49 | James Burgess

The Wall Street Journal reported on a government study that found that the U.S. electrical grid is vulnerable to huge blackouts from even minor attacks by saboteurs. The Federal…

U.S. Oil Production Hits Highest Level in 25 Years

U.S. Oil Production Hits Highest Level in 25 Years

Mar 13, 2014 at 16:47 | Joao Peixe

New data from the U.S. Energy Information Administration shows that U.S. crude oil production is at its highest levels since 1989. December 2013 posted an impressive monthly average of…

Mexico Will Release Seismic Data for Oil Exploration

Mexico Will Release Seismic Data for Oil Exploration

Mar 13, 2014 at 16:31 | Charles Kennedy

The President of Mexico’s National Hydrocarbons Commission stated on March 12 that Mexico will release years of seismic data that will help the country attract investment in its oil…

Albany Halts Growth in Oil Processing

Albany Halts Growth in Oil Processing

Mar 13, 2014 at 15:44 | James Burgess

A county executive blocked further development in oil processing plants at the Port of Albany in New York, citing the impact on public health. The port has seen a…

Drilling Efficiency Continues to Climb in U.S. Shale

Drilling Efficiency Continues to Climb in U.S. Shale

Mar 12, 2014 at 16:45 | Charles Kennedy

Oil and gas operators are continuing to improve their drilling techniques, leading to increases in total output on a per-rig basis. New data from the U.S. Energy Information Administration’s

Oil Drops on Test Sales from U.S. Strategic Petroleum Reserve

Oil Drops on Test Sales from U.S. Strategic Petroleum Reserve

Mar 12, 2014 at 16:41 | Joao Peixe

After surging over geopolitical tension between Ukraine and Russia, global oil prices fell back on March 12. Improving weather in the United States suggests that fuel demand could decline…

Protests in India Could Curtail Coal Production

Protests in India Could Curtail Coal Production

Mar 12, 2014 at 16:37 | James Burgess

Officers at India’s state-owned coal company plan to go on a three-day strike over pay, which could cut into India’s coal production. Coal India, the world’s largest coal producer,…

Europe Consider Measures to Cut Gas Imports

Europe Consider Measures to Cut Gas Imports

Mar 11, 2014 at 16:51 | Joao Peixe

At a summit in Brussels next week, European Union leaders are expected to call for measures that would cut Europe’s reliance on imported natural gas, according to draft documents…

Senator Pushes LNG Exports as part of Ukraine Aid Package

Senator Pushes LNG Exports as part of Ukraine Aid Package

Mar 11, 2014 at 16:46 | Charles Kennedy

Republican Senator John Barrasso (WY) plans on attaching his bill that authorizes more LNG exports to an aid package for Ukraine. Sen. Barraso originally introduced his bill back in 2012,…

Coal Industry Cites Polar Vortex as Case for Keeping Old Plants

Coal Industry Cites Polar Vortex as Case for Keeping Old Plants

Mar 11, 2014 at 16:41 | James Burgess

The icy cold winter in the eastern half of the United States demonstrates the need for stable baseload power, according to executives from the coal industry. The snowstorms and…

Oil Drops on China Demand

Oil Drops on China Demand

Mar 10, 2014 at 16:57 | Joao Peixe

Crude oil futures declined on new data from China showing that exports dropped by more than expected, providing fresh evidence of a slowdown in the Chinese economy. For April…

Libyan Govt Threatens to Destroy North Korean Oil Tanker in Rebel Territory

Libyan Govt Threatens to Destroy North Korean Oil Tanker in Rebel Territory

Mar 10, 2014 at 16:47 | Charles Kennedy

The Libyan government ordered its armed forces to fire upon an oil tanker that was docking at a port in rebel controlled territory. The North Korean ship arrived at…

Equatorial Guinea in P.R. Push to Improve Image

Equatorial Guinea in P.R. Push to Improve Image

Mar 10, 2014 at 16:44 | James Burgess

Reuters published a profile of Equatorial Guinea on March 10 that details the efforts of Equatorial Guinea to improve how it is viewed by the outside world. The kleptocratic…

Ukraine Misses Payment to Gazprom, Risks Cut Off

Ukraine Misses Payment to Gazprom, Risks Cut Off

Mar 07, 2014 at 15:29 | James Burgess

Gazprom stated on March 7 that Ukraine has failed to pay for its natural gas deliveries in February. The failure to pay, the Russian gas giant notes, may result…

Canada Approves Enbridge Pipeline Flow Reversal

Canada Approves Enbridge Pipeline Flow Reversal

Mar 07, 2014 at 15:23 | Charles Kennedy

Enbridge got the go-ahead to reverse the flow of a pipeline that stretches across Canada. The National Energy Board of Canada approved the company’s plan to reverse the flow…

NRC Finds Several Reactors with “Degraded Level of Performance”

NRC Finds Several Reactors with “Degraded Level of Performance”

Mar 07, 2014 at 15:19 | Joao Peixe

The U.S. Nuclear Regulatory Commission just published its annual assessment of the nation’s nuclear power fleet, grading power plants on their performance and safety record. Of the 100 nuclear…

Iraq Oil Exports Pick up Pace

Iraq Oil Exports Pick up Pace

Mar 06, 2014 at 16:22 | James Burgess

New production coming online may allow Iraq to claim the mantle as the fastest growing oil exporter in the world. For 2014, Iraq may post one of the biggest…

BP to Export Crude, Avoiding U.S. Ban

BP to Export Crude, Avoiding U.S. Ban

Mar 06, 2014 at 16:19 | Joao Peixe

BP is moving to export crude oil from the United States, but doing so in a way that avoids violating the export ban. It has agreed to take 80%…

Canada’s Oil Sands Exports to U.S. Hampered by Infrastructure

Canada’s Oil Sands Exports to U.S. Hampered by Infrastructure

Mar 06, 2014 at 16:15 | Charles Kennedy

The volume of exports to the U.S. Gulf in 2013 coming from Canada’s oil sands fell far short of original estimates. The oil industry projected that about 200,000 barrels per…

LNG May Suffer Boom-Bust Cycle

LNG May Suffer Boom-Bust Cycle

Mar 05, 2014 at 16:25 | Joao Peixe

A flurry of construction around the world will greatly expand liquefaction capacity for shipping natural gas. Companies are hoping to move low-cost natural gas in places like the United States…

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