Study: Exports will have significant impact on US natural gas price
Henry Hub natural gas prices will become far more volatile and influenced by global market conditions once the United States begins to export liquefied natural gas, according to a new study released by the PIRA Energy Group. More »
Using Greek yogurt to produce power
The Greek yogurt boom has meant more whey. While yogurt makers commonly ship the watery byproduct back to farms for use as feed and fertilizer, it also is being used to generate power in several places. More »
Moody’s: ‘Risk of a dry hole has fallen nearly to zero’
Strong capital markets and readily available financing will fuel rapid growth for independent oil companies over the next year, as they funnel investment into unconventional plays, says research firm Moody’s. More »
Hydrogen plant starts storing wind energy in Germany
A plant that converts surplus power from wind turbines into energy-dense hydrogen gas started operating in Germany for the first time this week, the companies involved said. More »
Oil staying above $96 ahead of US factory data
Oil prices were up slightly Friday as traders awaited the release of industrial production data from the U.S. later in the day. More »
Marathon Oil’s Cazalot to step down
Former ExxonMobil Development Co. executive Lee M. Tillman has been named to succeed Clarence P. Cazalot Jr. as president and CEO of Marathon Oil Corp.
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Ex-Anadarko chairman Hackett joins investment firm as partner
A private investment firm that focus on energy, Riverstone Holdings LLC, said Thursday that James Hackett has joined the firm as a partner and will help lead its Houston office. More »
Shell eyeing investment in LNG import terminal in China
Royal Dutch Shell is looking at investing in a liquefied natural gas import terminal in east China, the company said Thursday. More »
Chevron Phillips looks at new Middle East chemical plant
Chevron Phillips Chemical Co., the petrochemical venture of U.S. oil producer Chevron Corp. (CVX) and refiner Phillips 66 (PSX), is exploring ways to expand in the Middle East, including building a new plant. More »
Energy company hopes video game will help fill long list of job openings
Set in either the freezing waters of the North Sea or the blazing heat of Qatar, players of “Quest for Oil” must explore rock, secure licenses, and reach their production target faster than their opponents. More »
Saudi Arabia remains key to oil prices, despite U.S. production surge
Saudi Arabia’s actions will continue to have a big influence on world oil prices despite rising production outside the kingdom and other OPEC members, panelists said during a forum at Rice University. More »
Ensco adds another drillship to its fleet as deep water booms
Ensco has announced plans to add a drillship to its fleet as demand for the deep-water vessels and platforms continues in the Gulf of Mexico, West Africa and other hot spots. More »
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