When asked about the Republican agenda for 2015, U.S. Senate Majority Leader Mitch McConnell (R-Ky) is promising a “full-throated” debate on national energy policy. That worries me because ultimately, our energy situation is already moving in the right direction. U.S. oil imports have tumbled to their lowest levels in 16 years, with oil from the […] More »
Exxon Mobil says it shouldn’t have to release any further information on a proposed but abandoned pipeline intended to run alongside the Pegasus pipeline that ruptured in 2013 in central Arkansas.
The facility, which would be able to process as much as 15 million metric tons of liquefied natural gas annually, is the first proposed greenfield export project — one that wouldn’t be built on the footprint of existing LNG infrastructure — to make it this far. More »
Abdullah was admitted to the King Abdulaziz Medical City in Riyadh, the state-run Saudi Press Agency cited a Royal Court statement as saying today, without giving details. More »
The Federal Energy Regulatory Commission said it will allow Cheniere to build an LNG plant and pipeline in Corpus Christi, according to a filing Tuesday. More »
The regulator, Ryan Sitton, will be sworn in next week to join the three-member board of the Texas Railroad Commission. Though he did not specify a date, he said he will resign as chief executive of the company, Pinnacle Asset Integrity Services, placing his ownership stake in a blind trust. More »
The kingdom has historically missed the mark between budget making and actual oil prices. More »
As a candidate, President Obama made famous the phrase, “words have meaning”. And, propagandists know that if you repeat a false statement long enough, it will eventually be seen as truth. So it is with the oft repeated use of the term “carbon pollution” to describe carbon dioxide—CO2– which in fact is a nutrient. It […] More »
With oil prices dropping, Alaska Gov. Bill Walker has halted new spending on six high-profile projects, pending further review. More »
— Libya’s foreign minister said Sunday that extremist groups are escalating their attacks and making a renewed push to seize oil resources, after an assault on eastern terminals set storage tanks ablaze, sending massive clouds of black smoke into the sky.
Natural gas’ benchmark future price fell below $3.00 per million British thermal unit in trading on Friday, continuing a slide that has knocked about 30 percent from the price of gas in only one month. More »
In a statement this week, Midstates said it hired ex-Samson Resources executive Mark Eck for the role of chief operating officer. Samson is based in Tulsa. More »
Saudi Arabia’s Cabinet on Thursday endorsed a 2015 budget that projects a slight increase in spending and a significant drop in revenues due to sliding oil prices, resulting in a nearly $39 billion deficit More »
This post was written by Jareer Elass, a Washington-based consultant and previous Mideast editor for Energy Intelligence Group. After several years of simmering disunity, members of the Gulf Cooperation Council (GCC) are showing strong signs of strategic alignment. After a tumultuous year for the organization, highlighted by the dramatic move in March 2014 when Saudi […] More »
While the news has overall been somber for commodities markets recently, professional futures traders have begun to bet on a somewhat brighter future. More »