James Burgess

Latest articles from James

• Iran Boosting Oil Exports in Violation of Agreement

  Published 10 May 2014 | viewed 4,867 times

  Defying the demands of the international community, the Iranian government insisted it will continue to boost oil exports according to the Wall Street Journal. As…

• U.S. To Issue Rules on Decommissioning Oil Rigs

  Published 08 May 2014 | viewed 6,426 times

  The former Director of the Bureau of Ocean Energy Management (BOEM) said on March 6 that the Obama administration will soon issue new rules governing…

• Viet-Chinese Tensions Escalate In South China Sea

  Published 07 May 2014 | viewed 9,511 times

  A standoff between Vietnam and China over disputed territory in the South China Sea grew worse on May 7 as Vietnam sent naval vessels to…

• China Sends Oil Rig To Disputed Waters

  Published 06 May 2014 | viewed 10,115 times

  Over the weekend of May 3 and 4, China sent an oil rig into disputed waters of the South China Sea to begin oil exploration.…

• U.S. Congress Could Soon Vote To Approve Keystone XL

  Published 05 May 2014 | viewed 4,956 times

  A bipartisan coalition of U.S. senators is trying to rally support for a bill that would bypass the White House and green light the controversial…

• U.S. Announces First Superstorm-Related Oil Reserve

  Published 03 May 2014 | viewed 6,352 times

  The U.S. Department of Energy announced on May 2 that it plans to build an oil storage facility in the northeast to prepare for future…

• Bill To Speed Up Approval Of U.S. LNG Exports Advances

  Published 01 May 2014 | viewed 8,769 times

  The U.S. House Energy and Commerce Committee has passed legislation that would accelerate the approval of requests to sell liquefied natural gas (LNG) overseas. The…

• Bakken Produces Its One Billionth Barrel

  Published 30 April 2014 | viewed 4,294 times

  The prolific Bakken shale formation has hit a major milestone, according to data from North Dakota and Montana. Drillers in the formation have now pumped…

• Russia Strengthening Relationship With Iran

  Published 29 April 2014 | viewed 5,843 times

  The recent breakdown in cooperation between Russia and the West has seen Russia trying to rebuild its economic relationship with Iran after a dry spell…

• Oil Rises On Ukraine Tension, U.S. Sanctions

  Published 28 April 2014 | viewed 5,041 times

  Renewed tension in Ukraine and the announcement that the U.S. will impose new sanctions on Russia allowed oil prices to recapture ground that had been…

• Brazil Issues Fracking Regulations

  Published 25 April 2014 | viewed 8,453 times

  Brazilian regulators have put in place rules to govern the use of hydraulic fracturing. The National Petroleum Agency (ANP) said in a statement that fracking…

• North Dakota Considers Slowing Down Oil Boom

  Published 24 April 2014 | viewed 7,010 times

  North Dakota is considering measures to slow down the oil rush in the Bakken to cut down on the state’s higher-than-average rate of flaring natural…

• Kashagan Field Plans Pipeline Replacement

  Published 23 April 2014 | viewed 13,547 times

  After weeks of review, the operators of Kazakhstan’s giant Kashagan oil field have concluded that pipelines carrying oil and gas will need to be replaced…

• Obama Admin Gives Nuclear Loan Guarantee For Free

  Published 22 April 2014 | viewed 10,843 times

  The Obama administration has finalized a $6.5 billion loan guarantee to Georgia Power to build two new nuclear reactors near Augusta, Georgia. But in a…

• Japan Imports Record Level Of LNG, Coal

  Published 21 April 2014 | viewed 9,947 times

  Japan reported that it imported record levels of coal and liquefied natural gas for the fiscal year that ended in March. Japan has been forced…

• U.S. Crude Reserves Hit Highest Levels in nearly 40 Years

  Published 12 April 2014 | viewed 7,168 times

  New data from the Energy Information Administration shows that crude reserves in the U.S. hit their highest levels since 1976. The EIA released a report…

• Gulf Coast Storing Oil Due to Supply Glut

  Published 10 April 2014 | viewed 8,671 times

  The surge in oil production from fields across the United States is leading to a supply glut along the Gulf Coast, forcing oil into storage…

• Oil Prices Jump on Ukraine Tension

  Published 09 April 2014 | viewed 4,858 times

  Oil prices jumped on April 8 on spiking geopolitical tension as activists in Ukraine’s eastern provinces pushed for a referendum on seceding from Ukraine and…

• BG Group Eyes Singapore as New LNG Trading Hub

  Published 08 April 2014 | viewed 6,039 times

  UK-based BG Group is joining in the rush on Singapore as the company moves to relocate its global oil and gas-trading headquarters to the Asia’s…

• U.S. Oil Imports Fall to Zero Over Next 25 Years

  Published 08 April 2014 | viewed 5,917 times

  The EIA projects that U.S. oil imports will shrink to essentially zero by 2037 due to prolific production of crude oil. By 2020, the EIA…