Energy

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

by Oilprice.com •  • Comments Off on Smart U.S. Oil Money Is on Rail

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

by Oilprice.com •  • Comments Off on Ukraine, Third-Highest Default Risk In The World, Squeezed By Russia, Makes Two Gas Deals To Save Its Hide

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

by Oilprice.com •  • Comments Off on Rising Slag Heaps of Petcoke Stir Up Environmental Concerns

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?)

by Contributor •  • Comments Off on 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.

The Makings of a Petro-State in North Dakota

by Oilprice.com •  • Comments Off on The Makings of a Petro-State in North Dakota

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

by Oilprice.com •  • Comments Off on Prince Alwaleed Warns, US Shale Revolution Threatens Saudi Economic Stability

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.

Mexico: the Final Piece in North America’s Energy Renaissance

by Oilprice.com •  • Comments Off on Mexico: the Final Piece in North America’s Energy Renaissance

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.

TVA Coal Closures Signal of What’s to Come

by Oilprice.com •  • Comments Off on TVA Coal Closures Signal of What’s to Come

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.

The IEA Finally Gets it Right

by Oilprice.com •  • Comments Off on The IEA Finally Gets it Right

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.