Keystone clears another hurdle on the road to construction TransCanada’s (ticker: TRP) Keystone XL pipeline received Senate approval yesterday in a bipartisan 62-to-36 vote in favor of allowing the pipeline. Nine Democrats joined 53 Republicans to pass the measure, but the 62 votes will not be enough to override a presidential veto should President Obama decide not to pass the
View PDF of Slides – Download Video File The Middle East is filled with countries that have complex energy policies that affect the whole globe. Many of them work together in the Organization of Petroleum Exporting Countries to make decisions felt throughout the world energy sector, but they all have their own concerns as well. To help us better understand energy policy in
https://www.oilandgas360.com/wp-content/uploads/2015/01/Petrie-2015-0116-Final-01.mp4 View the PDF – Download Video File Few people understand the business of oil and gas better than Tom Petrie. After serving as senior oil analyst for First Boston, Petrie co-founded Petrie Parkman & Co., merged it into Merrill Lynch and subsequently served as Vice Chairman of Bank of America Merrill Lynch. Most recently Petrie co-founded Denver-based Petrie Partners, a boutique
The Obama Administration’s announcement of plans to expand protection in ANWR is a ‘declaration of war’ says Alaskan Congresswoman The White House released a revised Comprehensive Conservation Plan Sunday, which will designate 12.28 million acres in Alaska’s Arctic National Wildlife Refuge (ANWR) as wilderness. The new designation would mean that no new drilling could take place in the region. The
Reuters reports Enterprise Products Partners (ticker: EPD) has secured light crude oil export contracts with Mitsubishi’s Petro-Diamond Singapore and Vitol, an independent oil trader, for volumes of 40 MBOPD in 2015. The information comes from Reuters sources based on anonymity, but information arose last week about EPD seeking to expand its crude export cargoes. Although the export of raw crude
The Energy Information Administration (EIA) released an updated geologic layout of the Eagle Ford Shale this morning, detailing the play’s thickness, footprint, elevation, and initial gas to oil ratios (GORs). The industry, as they do with all shale plays, continues to progress in unlocking the “code” of the Eagle Ford. The sprawling South Texas field has transformed from an emerging
To say Houston’s Harvest Natural Resources (ticker: HNR) has been frustrated by the government of Venezuela is an understatement. On Jan. 15, Harvest submitted a request for international arbitration against the sovereign nation. After years of fruitless negotiations with Venezuela for owed oil production revenue and past dividend payments, and more recently for apparently squashing the sale of Harvest’s interest
Cash is Flowing into North American Oil and Gas Industry: OAG360 Exclusive Interview with Ken Hersh “We operate with a very wide and blank canvas.” – Ken Hersh, CEO, NGP Energy Capital Management Raising capital to fund North American energy companies has been NGP Energy Capital Management’s bread and butter since Ken Hersh formed his firm’s first private capital energy
White House looks to EPA to enforce new regulations and avoid Congress The White House announced yesterday that it will be releasing new regulations to curb the amount of methane generated by drilling operations throughout the United States. How the regulations will affect the oil and gas industry and how greatly they will reduce greenhouse gasses will not be finalized
New legislation set to allow LNG export to WTO members without DOE approval Congressman Mike Turner (R-OH) reintroduced legislation, titled the “American Job Creation and Strategic Alliances LNG Act,” yesterday in order to lift trade restrictions on the export of liquid natural gas (LNG). Under Turner’s bill, companies would be able to export LNG to any of the 160 members
Short Term Oversupply, Permian in the Pole Position Oil & Gas 360® interviewed Stephens Inc. Senior Vice President E&P Research, Will Green, and Vice President E&P Research, Ben Wyatt, this week, in pursuit of their view of the current commodities cycle and related effect on the E&P space, looking at 2015 and beyond. Green joined Stephens in 2007 as
United States refineries are running at utilization rates well above 90%, but don’t count them as part of the oil and gas industry being squeezed in the current commodity market. The Energy Information Administration (EIA) still expects domestic production to increase in 2015 (albeit, at slightly lower numbers than before), and refiners are prepared to take advantage of margins that
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