Jan 9 5:55pm Energy News Headlines - Yahoo! News
WASHINGTON (AP) — Federal ethics officials have cleared President-elect Donald Trump's nominee for the Environmental Protection Agency to be confirmed by the Senate.
Jan 9 12:58am The Barrel Blog
One of the most dominant conversation topics in the crude world over the last several years has been the declining production profile in the North Sea region. North Sea grades—and particularly the light, sweet, distillate-rich crudes that have dominated regional production historically—have formed the backbone of the Dated Brent assessment. However, as the region has […] The post Keeping Dated Brent current as North Sea production declines: Fuel for Thought appeared first on The Barrel Blog.
Jan 6 12:01am The Barrel Blog
Maybe it’s time to scrap these oil vs. gold comparisons. It’s possible the historic relationship has collapsed into a new normal, and anybody trading an arbitrage expecting a return to the old norm might have a long, long wait. We first took a year-end look at the spread between oil and gold several years ago, […] The post Rethinking the WTI/gold ratio as oil fundamentals change appeared first on The Barrel Blog.
Jan 5 12:01am The Barrel Blog
The world’s second-largest petrochemical port in Houston may command 75\% of all US polyethylene exports, but expected growth in international shipments as a slew of new ethane crackers and associated derivative units start coming online this year has US ports a thousand miles or more away gearing up to nab a piece of the action. […] The post US ports prime themselves for expected uptick in petchem exports appeared first on The Barrel Blog.
Jan 4 12:57pm The Barrel Blog
It’s essential for a daily fixture of life in the United States — a morning commute for many working Americans — and for transportation of basic goods in the US. The US is dependent on gasoline for nearly every aspect of transportation, but the hard reality for the country’s drivers is that its refiners don’t […] The post US gasoline flows may shift as new environmental rules take effect appeared first on The Barrel Blog.
Dec 30 12:01am The Barrel Blog
Apparently borrowing a page from the Trump playbook, the outgoing Obama administration filed a new trade enforcement action with the World Trade Organization against China earlier this month, alleging that the country has not met its market access commitments to the WTO for rice, wheat and corn. The challenge at the WTO is the second […] The post Will the US’s WTO agriculture challenge against China land it in hot water? appeared first on The Barrel Blog.
Dec 29 12:01am The Barrel Blog
Sometimes, it’s the little things. Sometimes, the little thing might be less than six inches long. When the price of oil started falling, everybody wanted to know what the breakeven price was in US shale plays; there seemed to be a general consensus that if you said $70, you’d sound reasonably intelligent. More recently, my […] The post The little things—and a lot of facts—that can promote oil output appeared first on The Barrel Blog.
Dec 28 12:01am The Barrel Blog
In July 2014, as the Obama administration was really begin to work through its future plan for offshore oil and gas leasing, the industry was hopeful that the plan would include expanded drilling in nearly all US Gulf of Mexico waters, much of offshore Alaska and even off the East Coast. Some in the industry […] The post Will Trump try to scrap Obama’s prohibition on Arctic, Atlantic drilling? appeared first on The Barrel Blog.
Dec 27 12:01am The Barrel Blog
Nigeria’s Petroleum Investment Bill (PIB) is finally starting to make some progress through parliament. The Senate approved it after a second reading in November and now parliamentary committees are preparing their final reports before the third and final reading. Senate President Bukola Saraki said they aim to have the bill “signed, sealed and delivered for […] The post Bringing Nigeria’s Petroleum Investment Bill home appeared first on The Barrel Blog.
Dec 23 9:48am Oilandgasinvestor.com Feeds
The price war in the Permian Basin—as public and private E&Ps bid against one another—may be just getting started. But the scouting reports for acreage may as well be obsolete. Increasingly, A&D efforts should be searching out the zones beneath, instead. The big run-up in prices ended in October with Occidental Petroleum Corp. spending $2 billion for 35,000 net acres in the Delaware Basin. It was the fifth Delaware transaction of 2016 to eclipse $1 billion and one of the most expensive. Oxy paid $42,000 per acre or more, depending on how production is valued. ...
Dec 23 5:00am The Barrel Blog
We all know the scene in the National Lampoon’s Christmas Vacation movie where the switch is finally flipped on and Clark W. Griswold’s 250 strands of bulbs burst into light causing a rolling blackout. Following Griswold’s calamity is a scene where a hand switches on the “auxillary” power plant which brings the city’s lights back […] The post Up go the holiday lights, up goes the electric power demand appeared first on The Barrel Blog.
Dec 23 12:01am The Barrel Blog
2016 was marked by two distinct halves for gold. The year started off on a rip, for the price anyway. It rocketed higher, fueled by flights to safety, havens for cash. Ultra-low US interest rates. Cash wasn’t king; gold stole the show, albeit it was short-lived. Now we’re approaching year-end and looking at that spot […] The post 2016: Not really a golden year, more a light plating appeared first on The Barrel Blog.
Dec 22 12:01am The Barrel Blog
Tight domestic supply, strong automotive demand and high raw material costs have already helped European strip steel prices balloon in Q4. But some market participants suspect the initiation of an anti-dumping investigation into Chinese hot-dipped galvanized sheet could see that market “explode.” Strip steel prices generally are expected to remain firm for much of the […] The post Are European galvanized steel prices set to explode? appeared first on The Barrel Blog.
Dec 21 12:01am The Barrel Blog
The year started poorly for Russia, but it has certainly ended well. In January, the price of oil was moldering — below $30/b on occasion. Given Russia’s dependence on oil and gas revenue, the budgetary outlook was bleak. Hillary Clinton was going to be elected as the next president of the United States. Sanctions against […] The post Russia resurgent: Oil sees a turnaround in 2016 appeared first on The Barrel Blog.
Dec 20 12:00pm EIA: Press Releases
EIA presents the findings of Annual Energy Outlook 2017 with projections of U.S. energy supply, demand, and prices including cases that address alternative assumptions regarding U.S. economic growth rates, domestic energy resources and technology, world oil prices, and the Clean Power Plan...
Dec 20 3:00am The Energy Report
Nemaska Lithium's progress on the Whabouchi lithium project and the Shawinigan Phase 1 Plant has garnered the attention of several analysts.
Dec 20 12:01am The Barrel Blog
Marilyn Monroe singing “Happy Birthday to You” to US President John F. Kennedy in 1962 is famous. What is little known is that her rendition was partly about the steel industry. The mills had just announced a $6 a ton price increase, about 3.5\%, despite a tacit agreement with Kennedy that there would be no […] The post Would Trump ever heed Marilyn’s siren song on steel? appeared first on The Barrel Blog.
Dec 19 6:04am Resilience
Americans are literally and figuratively in the driver’s seat of world oil consumption.
Dec 19 5:51am The Oil Drum - ANZ
The Guardian has an article on an ARENA funded 20 MW solar farm at Barcaldine - Queensland's largest solar farm plugs into the grid a month early. The early delivery of the 20 megawatt plant, one of the first in the country to be funded by the Australian Renewable Energy Agency, was evidence of the growing speed and proficiency of big solar developers, said Arena’s chief executive, Ivor Frischknecht. It is to be followed by a dozen new large-scale solar farms to be built across Australia by the end of 2017. ... Arena has committed $1.1bn in funding to developers of more than 270 renewable energy projects, who are expected to at least match that investment. This includes $20m to Origin Energy’s 107 megawatt Darling Downs solar farm at Dalby, set to be Australia’s largest operating plant by the end of next year. Another project, Genex Power’s 50 megawatt Kidson solar farm west of Townsville, will be built on an old goldmine site.
Dec 19 12:01am The Barrel Blog
Eighteen years ago, the International Energy Agency made an alarming and, by its own admission, controversial prediction. Global conventional oil output would peak well before 2020, it said, based on global oil reserve modeling of the day. Pondering the potential repercussions of Peak Oil for the first time, the West’s energy watchdog concluded that the […] The post Has tight oil put ‘peak oil’ to rest? Not so fast: Fuel for Thought appeared first on The Barrel Blog.
Dec 16 12:29pm Resilience
After closely reviewing the AEO2016, David Hughes raises some urgent questions about EIA’s U.S. shale gas forecasts...
Dec 16 5:56am Resilience
I’m sorry to say that the phrase “peak oil,” familiar and convenient as it is, probably has to go.
Dec 16 4:58am Resilience
Scroll through Donald Trump’s campaign promises or listen to his speeches and you could easily conclude that his energy policy consists of little more than a wish list drawn up by the major fossil fuel companies...
Dec 15 1:08pm Resilience
Hughes’ recent findings point to not only increasingly overstated forecasts by the EIA, but also increasingly volatile assessments – both of which are highly troubling.
Dec 14 11:20am EIA: Press Releases
U.S. crude oil proved reserves declined 4.7 billion barrels (11.8\%) from their year-end 2014 level to 35.2 billion barrels at year-end 2015, according to U.S. Crude Oil and Natural Gas Proved Reserves, Year-end 2015 , released today by the U.S. Energy Information Administration (EIA). U.S. natural gas proved reserves decreased 64.5 trillion cubic feet (Tcf), a 16.6\% decline, reducing the U.S. total to 324.3 Tcf at year-end 2015.
Dec 14 10:49am The Barrel Blog
Late 2016 and 2017 will be a crucial time for Mexico’s energy reform to turn from a mere agenda to actions including completion of the liberalization of the upstream pipeline system. CENAGAS just held the first open season for SISTRANGAS pipelines with results coming in January 2017. CENAGAS will also start publishing pipeline capacity and […] The post SENER publishes upstream pipeline rules appeared first on The Barrel Blog.
Dec 13 5:49pm Resilience
In which we learn how a sensible family of limited financial means achieved their goal of reducing their energy usage and utility bills.
Dec 12 8:17pm News analysis
The industry's most comprehensive list of current and recent rounds for onshore and offshore licenses...
Dec 12 1:03pm Yahoo! News: Business - Energy & Oil Industry
Both the Dow and the S&P hit intraday record highs earlier in the session. Oil major Exxon was up 2.79 percent, and was among the stocks boosting the Dow and the S&P. Chevron rose 1.9 percent. President-elect Donald Trump's expected agenda of economic stimulus and reduced taxes and regulations has fueled a market rally, with the benchmark S&P 500 rising 5.6 percent since Nov. 8 to Friday's close.
Dec 12 12:54pm Yahoo! News: Business - Energy & Oil Industry
The central question facing Exxon Mobil Corp Chief Executive Rex Tillerson if he becomes U.S. secretary of state is whether a lifelong oil man with close ties to Russia can pivot from advancing corporate interests to serving the national interest. Tillerson, 64, got his start as a production engineer at Exxon in 1975 and has worked there ever since, running business units in Yemen, Thailand and Russia before being named chief executive in 2006. Senior senators, both Democrats and Republicans, have expressed concern over Tillerson, who emerged this weekend as Donald Trump's expected pick for secretary of state, according to a source familiar with the situation.
Dec 12 12:17pm Yahoo! News: Business - Energy & Oil Industry
By Denis Pinchuk and Olesya Astakhova MOSCOW (Reuters) - Soon after the United States imposed sanctions on Moscow in 2014, Russian oil tsar Igor Sechin told a Reuters reporter he would miss three things: exploring U.S. culture, the chance to show his children American landscapes, and riding motor-bikes with Exxon Mobil chief executive Rex Tillerson. Tillerson is now front-runner to be Secretary of State in the cabinet of U.S. President-elect Donald Trump, and Russian officials are relishing the prospect of having someone with long-standing ties to Russia as the chief U.S. diplomat. Few people in Moscow expect that the bitter rifts with Washington, over Syria, Ukraine, and NATO's presence in eastern Europe, will be healed overnight with Tillerson at the State Department.
Dec 12 12:08pm Yahoo! News: Business - Energy & Oil Industry
WASHINGTON (AP) — Some big names with big money have jumped into the alternative energy race.
Dec 12 12:04pm Yahoo! News: Business - Energy & Oil Industry
By Doina Chiacu and Richard Cowan WASHINGTON (Reuters) - Contenders for President-elect Donald Trump's two top diplomatic roles, Rex Tillerson and John Bolton, will face a tough review in confirmation hearings in a U.S. Senate led by Trump's fellow Republicans. Lawmakers from both major political parties have raised concerns about Tillerson, president and chief executive of Exxon Mobil Corp who has close ties with Russia and has met Russian President Vladimir Putin several times, and about Bolton, a former U.S. ambassador to the United Nations who has voiced hawkish views on Iraq and Iran.
Dec 12 10:11am Yahoo! News: Business - Energy & Oil Industry
MOSCOW (Reuters) - Russian Deputy Foreign Minister Sergei Ryabkov said on Monday that Russia was closely monitoring any signals from the team of U.S. President-elect Donald Trump regarding its future foreign policy, RIA news agency reported. Trump is expected to name Rex Tillerson, chief executive of Exxon Mobil XOM.N, as Washington's top diplomat, a source familiar with the situation said on Saturday. The appointment would add another figure in Trump's cabinet with close ties to Russia. (Reporting by Maria Tsvetkova; editing by Christian Lowe)...
Dec 12 9:08am Energy Bulletin -
A weekly roundup of peak oil news, including: -Quote of the week -Graphic of the week -Oil and the global economy -The Middle East and North Africa -China -Russia -Nigeria -Venezuela -The Briefs...
Dec 12 5:50am Yahoo! News: Business - Energy & Oil Industry
The European Commission on Monday cleared four renewable energy support schemes in France, as well as Danish support for energy intensive users, saying they were in line with European Union rules on state aid. The Commission said French schemes to aid geothermal energy, small biogas and hydraulic installations and wind energy projects which applied for support in 2016, would help France achieve its climate targets while keeping market distortions to a minimum.
Dec 10 2:40am OPEC News
We'll not see $100-a-barrel crude anytime soon, but this weekend may well mark a milestone for the oil market. Saturday's meeting of OPEC and non-OPEC producers in Vienna is also key to Canada's oil patch and your household budget.
Dec 9 10:07am OilPrice.com Daily News Update
Japan’s crude oil imports dropped to 3.055 million barrels per day in October, down by 5.6 percent from September, the Petroleum Association of Japan (PAJ) said on Friday. According to the association’s supply and demand of crude oil statistics, the country imported in October a total of 15,056,810 kiloliters of crude oil which is equal to 3.055 million bpd. This compares to 3.237 million bpd imported in September. The October crude imports were the lowest level of exports so far this year. The average oil import price stood at US$45.17…...
Dec 9 8:00am Today in Energy
In EIAs December Short-Term Energy Outlook (STEO), both the West Texas Intermediate (WTI) and Brent crude oil 2017 price forecasts increased by about $1 per barrel (b) from the November STEO, with prices expected to average $51/b and $52/b, respectively.
Dec 8 6:54pm OilPrice.com Daily News Update
Chinese growth of crude oil imports may likely shrink by more than 60 percent next year, as storage facilities are filling in and smaller refiners face more scrutiny over taxes and licenses, according to a Bloomberg survey of analysts. According to Energy Aspects analyst Michal Meidan, Chinese crude oil imports are expected to grow by 5 to 9 percent in 2017, compared to an estimated growth of 11 to 14 percent this year. According to customs data quoted by Bloomberg, Chinese imports increased by 14 percent to average 7.5 million bpd between January…...
Dec 8 7:27am The Oil Drum - ANZ
The Australian government seems to be copping a lot of bad press over their failed energy policies, backflipping on a rare attempt at common sense on carbon pricing earlier this week and now being asked to explain why they are keeping energy prices artificially high. * Australian Government To Reintroduce Carbon Pricing ?* Australian Government killed emissions scheme despite knowing it could shave $15 billion off electricity bills...
Dec 7 4:02pm The Price of Oil
With this nomination, Mr. Trump is doubling down on his dangerous climate denial and putting a booster of the fossil fuel industry at the top of an agency that should be focused on protecting Americans from environmental and health risks associated with our energy choices. The post Response to reported Scott Pruitt EPA Administrator nomination appeared first on Oil Change International.
Dec 7 5:00am Blog
Given the signiicant volatility in fuel prices in recent weeks, we’ve been fielding numerous inquiries from companies who are interested in developing a fuel hedging program for the first time in their company’s history. If you lack the knowledge to consider yourself a fuel hedging expert, this post along with several more that we'll be publishing shortly, will help you better obtain a better understanding of most common fuel hedging strategies available to commercial and industrial fuel consumers.
Nov 21 8:29am EIA: Press Releases
The U.S. Energy Information Administration (EIA) has updated its Southern California Daily Energy Report to provide additional information on key energy market indicators for the winter season.
Sep 12 1:00pm EIA: Press Releases
The U.S. Energy Information Administration's (EIA) monthly Drilling Productivity Report (DPR), released today, now includes a supplement that provides monthly estimates of the number of drilled but uncompleted wells (DUCs) in the seven key oil and natural gas producing regions covered by the DPR.
Jul 25 12:33pm EIA: Press Releases
The U.S. Energy Information Administration (EIA) is now providing hourly electricity operating data, including actual and forecast demand, net generation, and the power flowing between electric systems...
Jun 29 1:00pm EIA: Press Releases
The EIA Energy Conference has become a premier forum for addressing energy issues in the United States and around the world. This event will bring together thought leaders from industry, government, and academia to discuss current and future challenges facing domestic and international energy markets and policymakers.
Jun 21 1:00pm EIA: Press Releases
EIA presents the findings of Annual Energy Outlook 2016 with projections of U.S. energy supply, demand, and prices to 2040 including cases that address the Clean Power Plan; proposed fuel economy standards for trucks; alternative resource and technology assumptions; and other key energy topics.
Jun 20 12:25pm EIA: Press Releases
The U.S. Energy Information Administration has released a free software tool that allows users to directly import into Google Sheets the energy data available through the agency's application programming interface (API). Similar to EIA's Microsoft Excel add-in, the new Google Sheets add-on enables users to browse EIA's energy API data categories or search keywords to find domestic and international energy data for the production, consumption, and price of different fuels, as well as EIA's short-term forecasts and long-term projections.
May 17 10:30am EIA: Press Releases
Today, the U.S. Energy Information Administration posted a summary of two cases of energy projections covering 2015 to 2040 from the forthcoming Annual Energy Outlook 2016 (AEO2016). EIA also posted the full results of these cases in spreadsheet files and in its AEO Table Browser.
May 11 9:42am EIA: Press Releases
World energy consumption is projected to increase by 48\% over the next three decades, led by strong increases in the developing world—especially in Asia, according to International Energy Outlook 2016 (IEO2016), released today by the U.S. Energy Information Administration (EIA).
Apr 27 1:00pm EIA: Press Releases
EIA presents updated projections of world energy supply and demand through 2040 with the release of .
Apr 1 10:28pm The Oil Drum - ANZ
TOD ANZ is pretty much as dead as The Oil Drum these days, however I still have the occasional burst of energy at Peak Energy. Some recent articles with an Australian slant include: Redflow launches home solar storage battery to take on Tesla PowerwallProtean begins deployment of 30 wave energy devices Browse Floating LNG Project ShelvedHeating, fresh water and electricity from seawater and sunlightMessage To Australia: 'Hands Off Timor's Oil'Port Augusta Pushing For Solar Thermal Power To Replace CoalBioPower wave power unit deployed in Southern Ocean...
Oct 15 4:56am The Oil Drum - Discussions about Energy and Our Future
Nate Hagens is at The Monkey Trap JoulesBurn (Brian Maschhoff) is at Picojoule Euan Mearns is at Energy Matters Heading Out (Dave Summers) is at Bit Tooth Energy Rune Likvern is at Fractional Flow Gail the Actuary (Gail Tverberg) is at Our Finite World Chris Vernon is at Chris Vernon Big Gav is at Peak Energy Australia Robert Rapier is at Energy Trends Insider jeffvail is at Jeff Vail Jérôme à Paris is at European Tribune phil hart is at Phil Hart Luís de Sousa is at At The Edge Of Time...
Aug 1 8:06am EIA: Press Releases
U.S. proved crude oil reserve additions in 2011 set a record volumetric increase for the second year in a row, according to U.S. Crude Oil and Natural Gas Proved Reserves, 2011, released today by the U.S. Energy Information Administration (EIA). Natural gas proved reserves rose also, but by less than 2010's record increase. Nevertheless, natural gas reserve additions in 2011 rank as the second largest annual increase since 1977.