Consultant: Quit fighting over 'green,' get to work on 'clean.'

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The jack pump and the turbine don’t need to be on opposite sides of the solution. (Alex Bauernschub/Flickr) Energy leaders should “move from breathless anticipation of a green dawn” and focus on the heavy lifting that will be required to create a low-carbon future, says Joe Stanislaw, a professor, senior advisor to Deloitte and co-founder […]

The golden age of natural gas is coming, says survey

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(Gattonelblu/Flickr) The North American natural gas industry has its best days ahead, according to a survey of the industry taken by consulting and accounting giant Deloitte, but many expect more layoffs in the coming year and more cost cutting. The surge in natural gas production from the plentiful shale and coal bed methane formations, combined […]

Chron Energy Newslinks | 12.09.09 | The other climate agreement, more details on Tres Amigos.

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• A behind-the-scenes climate agreement irks poorer nations in Copenhagen. • RBS/Sempra may sell their energy trading JV. • Mike Linn is bearish on gas for next year. • Mexico keeps hedging its oil exports. • Feds to propose changes after Corpus refinery fire. • National Oilwell Varco buys two Asian firms for $160M. • […]
Categories: General

State expected to rule on North Texas coal plant today * update *

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The Texas Commission on Environmental Quality is expected this morning to give the final word on an air permit for a new coal-fired power plant near Jewett in Limestone County, about 120 miles northwest of Houston. +++++++++++++ Update: The TCEQ approved the permit by a vote of 3-0 this morning. “With permits in hand, we […]
Categories: Coal, Electricity

Beginnings of a new benchmark?

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A single oil trade usually isn’t that big a deal, but the first contract via CME Group’s new sour crude futures contract is worth noting: “On Monday, CME’s New York Mercantile Exchange and competing exchange operator IntercontinentalExchange Inc. (ICE) both introduced contracts meant to complement the Argus Sour Crude Index, a price assessment recently adopted […]
Categories: General

Schlumberger, Chesapeake fined for acid spill

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Pennsylvania officials have fined Schlumberger and Chesapeake Energy each $15,557 for a 295-gallon hydrochloric acid spill at a natural gas drilling site earlier this year: “Fortunately, this hazardous waste spill was promptly reported, which proved critical in limiting the environmental damage,” said DEP Northcentral Regional Director Robert Yowell. The acid was being used for hydraulic […]

E&P construction costs down, operating costs up.

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Upstream capital costs continue to drop… (IHS-CERA) The cost of building oil and gas exploration and production projects dropped four percent in the past six months, but operating costs increased by 1 percent, according to research firm IHS CERA, a sign that some confidence is returning to the business. The Upstream Capital Cost Index, which […]
Categories: Workforce

Ecuador to oil co's: Invest or leave

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Straight talk from government officials is a good thing. “Do-this-or-we-rip-your-throat-out” straight talk from government officials may not be so good: Ecuador President Rafael Correa said private oil companies they should leave the country if they don’t invest in their oil fields. “I will meet with private companies and we are going to speak plainly. They […]
Categories: Politics/Policy

Don't blame the speculators

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Speculators don’t appear to be behind the spike in oil prices in the summer of 2008, according to a new paper by EDHEC-Risk Management. “Based on traditional speculative metrics, the balance of outright speculators in the U.S. oil futures and options markets was not excessive relative to hedging activity in those same markets from June […]
Categories: General

Chron Energy Newslinks | 12.08.09 | Deadly Valero unit had a history of problems. Reserves data = bunk.

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• EPA moves to put limits on CO2 even if Congress doesn’t • Lyondell settles lawsuit brought by unsecured creditors. • Chemical board won’t probe Valero blast. The unit in question had a history of malfunctions. • Houston-based McDermott Intl. splitting into two companies. • Companies have overstated Iraq’s oil production potential. • Don’t count […]
Categories: General