Author Archive: Jordan Gleason

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STUDY: ENERGY SECURITY FOR MILITARY REQUIRES DIRECT APPROACH, NOT CIVILIAN INTERVENTION

Grid reliability to military bases would be better served by a more competitive procurement process, not a bailout program that is being entertained by the White House, according to an energy policy analysis published Thursday. Maintaining a reliable flow of power to U.S. military bases has concerned regulators for years. The Energy Policy Act of 2005, […]

Permian Region Natural Gas Prices Fall as Production Continues to Grow

The natural gas spot price spread between the Permian Basin, as priced at the Waha Hub in western Texas, and the U.S. national benchmark Henry Hub in Louisiana has grown considerably in the past year. Natural gas prices at Waha are nearly a dollar per million British thermal units (MMBtu) lower than Henry Hub prices. […]

Canada’s Large Price Discounts on Oil Sands Barrels to Persist Until New Pipeline Capacity is Added, Says GlobalData

Canada’s existing oil pipeline and railway capacity is enough to support oil sands current exports but with little extra room for logistic constraints. Presently, there are at least three announced pipeline projects that will serve different markets and hence can support the diversification of exports and better pricing of oil sands production, says GlobalData, a […]

Norway striking oil union and employers talking to mediator

A state-appointed mediator is talking to rig owners and a Norwegian union to try to resolve a strike by almost 1,600 oil workers but he warned that it was too early to say if the dispute could be settled. Norway’s Safe union on Monday escalated a strike it began on July 10 over pay and […]

What makes Putin’s vision of a Russian-US oil alliance a pipedream

When Russian leader Vladimir Putin addressed the media in Helsinki alongside President Donald Trump, he proposed that their countries “work together” to make oil and gas markets calmer. Trump didn’t say whether he supported the idea but he repeated his frequent assertion that Russia and the U.S. are competitors, adding, “I think the word competitor […]

Oil slides near $68 as U.S. crude stocks expand, gasoline drops

Oil slipped toward $68 a barrel after mixed U.S. government data sowed uncertainty about the strength of demand in the biggest fuel-consuming nation. Futures in New York fell as much as 1.3 percent after the data showed a surprise gain in nationwide crude inventories and record-high production, while robust fuel demand depleted gasoline stockpiles by […]

Oil prices fall on rising inventory levels

Simmering trade tensions and an increase in U.S. crude oil inventories helped send the price of oil lower before the start of trading Wednesday in New York. A survey of analysts from commodity pricing group S&P Global Platts revealed expectations of a decline in commercial crude oil inventories in the world’s largest economy of 3 […]

US Chamber: America No. 1 in oil and natural gas, exports set to multiply

Driven by expanding energy development from shale, America “today” is the world’s top producer of oil and gas and an explosion in exports is expected to follow, according to a new report from the U.S. Chamber of Commerce. “Today, the United States is the world’s top producer of oil and natural gas. And the future […]

Republican bill aims to deter NATO members from using Russian pipeline

A Republican-backed bill introduced Wednesday in the Senate would impose sanctions on entities involved in a controversial Russian natural gas pipeline, part of an effort to deter NATO countries from participating in the proposed project. The largely ceremonial bill, introduced by Senate Environment and Public Works Committee Chairman John Barrasso (R-Wyo.), aims to “improve energy security” for NATO members […]

Russia’s Novatek ships first LNG cargo to China via Arctic

Russian natural gas producer Novatek delivered on Thursday the first ever liquefied natural gas (LNG) cargo to China via the Northern Sea Route (NSR) alongside the Arctic coast, which drastically cuts delivery time to Asian consumers. The shipments of LNG from Yamal LNG project via the NSR to China cuts transportation time and costs in […]