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Article Archive | Page 1361

Gambling on Lebanon’s High-Stakes Oil & Gas

May 13, 2013 at 17:06

With its first-ever bidding round for offshore oil and gas exploration blocks opened as of 1 May and licensing scheduled for November, Lebanon is now initially estimating that its Levant…

Libya Wants to Sell Oil. Is Anyone Listening?

May 13, 2013 at 17:03

Libyan Oil Minister Abdel Bari Ali al-Arousi said his country was ready to recover from civil war and take its rightful place as the powerhouse of North African energy producers.…

Two Years After Being Destroyed, Fukushima Hold Anti-Terrorism Drill

May 13, 2013 at 17:00

A little more than two years ago, only nuclear energy specialists had ever heard of Tokyo Electric Company’s six-reactor Fukushima Daiichi nuclear power plant complex.Then, on 11 March…

Exporting U.S. Natural Gas: Yes or No?

May 13, 2013 at 16:58

The energy policy topic of the week is whether to export more of America’s newly abundant natural gas. Like any good card-carrying economist, my instincts favor free trade. Other things…

2014 Expected to be a Bumper Year for Wind

May 13, 2013 at 16:55

According to Bloomberg, Warren Buffet’s MidAmerican Energy Holdings Co. is gearing up to drop $1.9 billion on new wind farms in Iowa. The investment might build as many as…

Shell Takes the Lead on Natural Gas, Welcomes the Future of Clean Energy

May 13, 2013 at 16:53

One of the world's largest oil companies takes more stock in cleaner sources of fuel, leading America to energy independence.As the global population reaches nearly nine billion people…

Nigeria may be Next OPEC Member to Fall

May 10, 2013 at 18:15

The wealthiest man in Africa said he's secured billions of dollars in loans to help kick start the refinery business in Nigeria. OPEC-member Nigeria is forced to import most of…

Anadarko’s Impressive Q1 Sales

May 10, 2013 at 18:09

Anadarko Petroleum (APC) continues to beat earnings estimates, and its quarter results released on Monday show an impressive 12%+ year-on-year increase in sales volumes—with more gains expected in the coming…

Ireland Protests New British Nuclear Plant

May 10, 2013 at 17:59

To say that British-Irish relations over the past few centuries have been strained would be an understatement.Now Ireland’s An Taisce, the National Trust for Ireland, is pursuing a…

Looking at Obama’s Misguided Natural Gas Policy

May 10, 2013 at 17:52

The Obama administration has come out in support of the idea of exporting U.S. natural gas. This stance is counterproductive and short sighted, and if followed, it will prove harmful…

North Dakota Oil Boom Set to Continue for Some Time

May 10, 2013 at 17:23

Last week the U.S. Geological Survey (USGS) provided an update of oil and gas resources in the Bakken region. This was their first update since a 2008 report that…

Supercomputing: Game-Changer for Oil & Gas Exploration

May 10, 2013 at 15:50

Oil majors are second only to the US Defense Department in terms of the use of supercomputing systems. That’s because supercomputing is the key to determining where to explore next—and…

A Company that Stands to do Well from the Collapsing WTI-Brent Spread

May 10, 2013 at 15:33

Another week away from my usual trading desk in New York does lead to a different and useful perspective on energy events without concentrating on the minute movements on my…

Chesapeake: Getting Rid of Bad Baggage

May 10, 2013 at 15:32

This company’s had some management problems, but we still like it: Its profits are higher than expected, despite all, and its net income is up 2 cents per share this…

Oil Market Forecast & Review 10th May 2013

May 10, 2013 at 15:23

Late breaking news on Thursday may have signaled the top in July crude oil as traders reacted with aggressive selling pressure. The move was triggered by comments from Fed Bank…

US: Towards Net Gas Exporting

May 10, 2013 at 15:16

Bottom Line: The debate over whether the US should become a net gas exporter moved towards the proponents last weekend, following remarks made by US President Barack Obama during a…

GHANA-COTE D’IVOIRE: New Find, Old Maritime Dispute

May 10, 2013 at 15:12

Bottom Line: A new discovery by France’s Total SA (TOT) just inside territorial waters of Cote d’Ivoire will either exacerbate or speed up a resolution for a maritime boundary dispute…

KENYA: Oil Production 6-7 Years Away

May 10, 2013 at 15:08

Bottom Line: Close to proving commercial viability of its major finds since last year, a new report by the IMF suggests that Kenya will start producing in 6-7 years.

BRAZIL: Another Discovery for Karoon

May 10, 2013 at 14:43

Bottom Line: Karoon Gas Australia Ltd. (KAR) was already ripe for takeover last month, and a secondary discovery in Brazil last week adds some significantly unexpected value. Analysis:…

Energy Update: Natural Gas is on Everyone’s Mind

May 10, 2013 at 14:20

US production reaches its highest level in decades; advanced drilling and supercomputing light the way for even more output and sweet new finds; coal languishes at home but finds money…

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