By Nick Cunningham, OilPrice.com: Oil majors like BP are pushing into deeper water as the memory of the 2010 Deepwater Horizon fiasco recedes. But drilling in the Gulf of Mexico at 35,000 feet, at extreme pressure and temperatures, is difficult, uncertain, and very costly.
Entries in Energy (124)
By John Daly, Oilprice.com. A product of the Keystone XL pipeline delay is that crude from the Alberta oil sands is refined in the Midwest, generating slag heaps of petroleum coke, or “petcoke,” whose airborne particles has local residents up in arms.
By Llewellyn King, executive producer, host, “White House Chronicle” on PBS. The US government and Texas oil man George Mitchell forged a partnership so effective that it has changed the world.
By Marin Katusa, Chief Energy Investment Strategist: The world changed: Iran made a deal with the US, Russia, China, the UK, France, and Germany. Forget the nuclear weapons program. There’s only one thing on the minds of these six countries: oil.
By Rory Johnston, OilPrice.com: Iran has the world’s fourth largest oil reserves and second largest natural gas reserves. Any news affecting its place in the international system – such as the tentative deal reached on Sunday – is sure to affect global energy markets.
Rising Costs A Silent Killer In US Oil Exploration And Production (But Where Are The Opportunities?)
By Dave Forest, Oil & Energy Insider: Critical news for the Exploration & Production sector came this month. Not a new discovery. Not a drilling technique. It didn’t come from geologists or engineers. It came from accountants: ballooning costs as silent E&P killer.
By Nick Cunningham, OilPrice.com: The Energy Information Administration predicts the Bakken formation in North Dakota will surpass 1 million barrels per day of oil production in December. Since 2010, production has skyrocketed. So has the money.
By Joao Peixe of Oilprice.com: While Saudi Arabia continues to state that it is not at all worried by the increasing production driven by the US shale revolution, Prince Alwaleed Bin Talal, the billionaire CEO and owner of the Kingdom Holding Company, frets about it.
By Rory Johnston, OilPrice.com: While American and Canadian crude production has jumped over 30% in the last decade, Mexican production has fallen by over a quarter. Now the Mexican government might finally act.
By Nick Cunningham, OilPrice.com: The Tennessee Valley Authority, one of the largest electricity generators in the US, decided to shut down eight coal generating units. Coal will drop from a 52% share to 20% in the coming years, to be replaced mostly by natural gas. It illustrates what many utilities face.
By Dan Dicker, Oil & Energy Insider: The IEA report on Crude supplies has got me thinking, an accomplishment for the IEA; it has been woefully behind the curve on most major energy trends of the last two decades. But this time, it is finally in front of the curve.
By Charles Kennedy, OilPrice.com: Canadian plans for a large nuclear-waste facility on the Canadian side of Lake Huron, directly opposite the thumb of the State of Michigan, are triggering a cross-border public outcry and a looming diplomatic backlash.
By Scott Belinksi, Oilprice.com: In Germany, where renewable energy has been aggressively pushed, companies may soon lose an exemption from expensive renewable energy surcharges. Business leaders worry this will "destroy Germany's industrial core."
By Dave Forest, of Oil & Energy Insider: Sometimes geography works. To the north: America, natural gas superpower with a glut that killed prices. To the south: Mexico, where oil production is down, and politicians are desperate to move away from oil-fired electricity generation. Solution to both problems: gas pipelines south. But it’s not that easy.
Dan Dicker, Oil & Energy Insider: Manipulations and fraud in the capital and commodity markets: Now four traders from my old home, the NYMEX, are suing BP, Shell, Statoil, and Vitol Group for collusion and manipulating Brent oil trades to fix reported prices.
By Dave Forest, Oil & Energy Insider: Propane prices are up 46% since June. Reason: foreign demand for US propane has jumped 87% since April. It's just one element in the growing impact of energy demand outside North America on prices in the US – and globally.
TEPCO, the bailed-out owner of the Fukushima nuclear plant, famous for its lackadaisical handling of the fiasco and its parsimonious delivery of information, reported earnings today. It was a doozie! And a glimpse into what's in store for Japanese taxpayers.
By Joao Peixe of Oilprice.com: The deal between Rosneft and China National Petroleum Corp to jointly develop a giant oilfield in Siberia may be tainted. I’m not talking about corruption or illegal activities, but rather the potential that the oil and gas in the field may be contaminated with radioactive materials from nuclear explosions.
By Dave Forest, OilPrice.com: One of the most critical changes in global energy flows we've seen for years happened this week.
By Analysts of Oil & Energy Insider: The Ukraine controls the transit of 90% of Russia’s natural gas to Europe and dependents on Russia for 60% of its own gas consumption. Russia is using its gas stranglehold on the Ukraine to gain control of its transit system. The EU is involved too. An epic struggle. But now, a deal with Turkey might usurp it.