It would cost the US an estimated $11.3 billion/year of royalties, 380,000 jobs, and $70 billion/year of gross domestic product if proposals to stop oil, natural gas, and coal extraction from federal lands and offshore water were adopted, the US Chamber of Commerce’s Institute for 21st Century Energy said in a recent report. Source: […]
Biden pledges continued US support for Baltic States' energy progress
US Vice-President Joseph R. Biden Jr. applauded the three Baltic nations’ recent energy diversification progress and pledged continued US support for Latvia, Lithuania, and Estonia. Source: News
OGJ100 posts lower 2015 earnings, higher oil production
The OGJ100 list allows comparison of size and performance of prominent oil and gas companies around the world. OGJ does not attempt to rank the firms by assets or revenues because many do not report financial results. Source: News
OGJ150 suffered huge losses in 2015; capital spending, reserves down
A steep, dramatic downturn in oil and natural gas prices maintained its momentum in 2015, making for a challenging year for the OGJ150 group of US oil and gas producers. Source: News
Kaine and the Atlantic OCS
Has US Sen. Timothy M. Kaine (D-Va.) changed his stance toward oil and gas leasing on the Mid-Atlantic US Outer Continental Shelf? It’s possible, since he’s now the vice-presidential nominee on the Democrats’ 2016 ticket and not simply the Old Dominion’s junior US senator. Source: News
Colombian peace deal historic but doesn't ensure stability
Colombians will vote Oct. 2 on an agreement between their government and a guerrilla group to end a conflict that has disrupted the country, including its oil and gas industry, for 52 years. Source: News
Biden boosts LNG
US Vice-President Joe Biden raised a large question during his Aug. 24 speech in Latvia urging Europeans to buy LNG from the US instead of pipeline gas from Russia: As the second-ranking official of an administration phobic about fossil energy, can he really mean it? Source: News
Safety lies in execution
The world’s current focus on safety is justifiably intense. A string of terrorist attacks on soft targets across Europe over the past year has created an environment in which two of the United States’ busiest airports-JFK in New York City and LAX in Los Angeles-were shut down during normal operating hours by ultimately false reports […]
Natural gas pipeline profits, construction both up
Natural gas pipeline operators’ net income continued to rise despite the first drop in revenues since 2009. Additions to gas pipeline operators’ systems also grew, up nearly 46% from 2014. Source: News
Olefin prices steady despite higher feedstock, production costs
Olefin prices in the US Gulf Coast market did not reflect the big increases in feedstock prices and production costs during first-half 2016. Source: News