Energy

Offshore Fracking (And Dumping Chemicals Into Coastal Waters) Beyond The Public Eye

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Oil companies have been fracking offshore California and dumping chemicals into coastal waters for as long as two decades. It wasn’t until recently that FOIA requests brought it to light. Now the EPA is feebly trying to step in.

Brazil’s Energy Sector Struggles With Its “Oil Revolution”

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Brazil has been touted as Latin America’s oil powerhouse, projected to account for one-third of global supply growth by 2035. But poor policies and bad luck are throwing cold water on these projections.

Clean Energy Presents “Perfect Storm” for Utilities

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A UBS report finds that the declining costs of renewable energy and energy storage are presenting a “perfect storm” for big utilities: They upend centralized electricity generation and put the utility business model in jeopardy.

The Natural Gas Glut Is, Like, So Over. Price Soars!

by Wolf Richter •  • Comments Off on The Natural Gas Glut Is, Like, So Over. Price Soars!

Someone must have known something. Natural gas jumped 2% before the Department of Energy released its Weekly Natural Gas Storage Report at 10:30 a.m. Normally, the report sends gas futures gyrating up or down. Today, they gyrated up from the start of trading.

Smart U.S. Oil Money Is on Rail

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US oil production is breaking 20-year records. With the International Energy Agency suggesting the boom won’t last, smart investors are getting behind rail as the delivery tool of choice. Forget the controversial Keystone XL pipeline.

Ukraine, Third-Highest Default Risk In The World, Squeezed By Russia, Makes Two Gas Deals To Save Its Hide

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By Scott Belinksi, OilPrice.com: If one were to believe most Western media outlets, the Ukraine has been lost to Russia. But two gas deals the Ukraine has reportedly made, one with Russia, the other with Slovakia in the EU, show that reality is slightly more complex.

Rising Slag Heaps of Petcoke Stir Up Environmental Concerns

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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.

Rising Costs A Silent Killer In US Oil Exploration And Production (But Where Are The Opportunities?)

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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.

The Makings of a Petro-State in North Dakota

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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.

Prince Alwaleed Warns, US Shale Revolution Threatens Saudi Economic Stability

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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.