Republican Sen. John Hoeven of North Dakota is holding back his legislation to fast-track the Energy Department’s reviews of LNG exports for now, reports E&E News. Hoeven said he made this decision after talking to Department of Energy (DOE) head Ernest Moniz in order to garner more support for the bill before it goes to the Senate. The bill would
It didn’t take much longer than a cup of coffee before the lawsuits began to fly after Illinois completed its new oil and gas rules last week, which would have opened the door to new energy development that some business leaders called a coming boom. Landowners and an environmental activist organization are suing the governor of Illinois and the head
ISIS Loses Oil Production In the aftermath of last month’s U.S. air strikes that damaged the Islamic State’s (ISIS) captured oil field operations in Syria and Iraq, news outlets have reported that the attacks disrupted the group’s ability to make gasoline and diesel to power its military operations. More importantly, the damage to the field took away oil production it was using to
2+ TCF of gas to be supplied to China per year for 30 years With economic sanctions taking an ever greater toll on the Russian economy, it appears Russia is increasingly turning its focus towards strengthening its trade ties with China. China is already Russia’s largest trading partner, with bilateral trade flows at $90 billion in 2013, but both countries
Production volumes continue to rise for Sanchez Energy Corporation (ticker: SN), an Eagle Ford-focused E&P nearing the third anniversary of its 2011 initial public offering. The landmark acquisition of its Catarina asset in May 2014 doubled its asset base and provided a fourth regional focus area for the company. Q3’14 represents the first full quarter of the realized Catarina impact.
This week marked the latest step in returning energy relationships to normal between Russia and Ukraine. On Tuesday, Ukraine’s Naftogaz made its first debt payment of $1.45 billion to Russia’s state owned Gazprom (ticker: OGZD) for natural gas supplied to Ukraine during November and December 2013, Gazprom confirmed. This first payment is part of a winter gas package that was
After the Republican victories in the mid-term elections, many are now talking about the likely approval of the long awaited Keystone XL Pipeline. The pipeline, which would stretch 1,179 miles from Hardisty, Alberta to Steele City, Nebraska, has been in political limbo since 2009, awaiting approval from the Senate and President Obama. The president was concerned with the environmental impacts
What will a Republican House and Senate do for the Keystone XL pipeline and crude oil exports ? The results of the mid-term elections have placed both houses of Congress under Republican control, and the market seems to be responding positively. The S&P 500 Energy sector gained 1.75% today. Reuters reported that this strong showing was likely due to the
By Bloomberg Nov. 3, 2014 Oil-sands crude will supply Gulf Coast refineries regardless of how President Barack Obama rules on the Keystone XL pipeline, Alberta Premier Jim Prentice said. Developers of Alberta’s oil sands can use trains to reach the world’s largest refining market or the Energy East conduit to Canada’s Atlantic coast that TransCanada Corp. (TRP) is also proposing, Prentice
Exports of liquefied natural gas (LNG) are set to begin in 2015, and the number of United States LNG export stations are expected to triple by 2019. The next phase of U.S. energy is almost here, regardless of dissenting opinions from the chief of the International Energy Agency. According to a recent report by the Energy Information Administration (EIA), the
In Colorado, incumbent Democrat Senator Mark Udall and his Republican challenger, Congressman Cory Gardner, are running a close race for U.S. senator. Oil & Gas 360® created a graph showing how the two candidates’ campaign contributions compared by business sector. Udall’s number one contributing sector was Lawyers & Lobbyists, from which his campaign received $1.7 million. Gardner’s campaign received $180,000 in
Nathan VanderKlippe, The Globe and Mail 6:44 AM, E.T. | October 31, 2014 Alberta’s new political leadership is calling on Ottawa to take another look at foreign investment rules blamed for a dramatic drop in energy investments from China.When the federal government gave its approval of the $15.1-billion (U.S.) takeover of Nexen Energy ULC in late 2012, it came with
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