Politics & Opinions

Canada Cannot Start Work on Trans Mountain Pipeline Until Deal Closes: Minister

Canada Cannot Start Work on Trans Mountain Pipeline Until Deal Closes: Minister

From Reuters

The Canadian government would like to see construction accelerate on the Trans Mountain pipeline expansion, but has no control over decisions to resume or start new work until it takes ownership of the major crude oil pipeline project, …

LNG Ltd. Gets Tied Up in Trump Trade Dispute

LNG Ltd. Gets Tied Up in Trump Trade Dispute

From Bloomberg

The Trump administration’s trade dispute with China is delaying one U.S. company’s bid to sign long-term natural gas export deals.

While liquefied natural gas is excluded from the trade tariffs imposed in recent weeks, buyers are waiting to …

U.S. Energy Chief Perry to Meet with Russian Oil Minister Novak Next Week

U.S. Energy Chief Perry to Meet with Russian Oil Minister Novak Next Week

From The Wall Street Journal

Energy Secretary Rick Perry will host Russia’s energy minister for a meeting in Washington next week, according to people familiar with the planning, putting the top energy officials from the world’s largest oil and gas …

Present Day Middle Eastern Game of Thrones – Part Two

Present Day Middle Eastern Game of Thrones – Part Two

[EDITOR’S NOTE: this is the final installment of the OAG360 story in which Helen El Mallakh, director of the International Research Center for Energy and Economic Development (ICEED), discusses the changing political scene and the shifting geopolitical sands that are …

OPEC: Too Close to Call - Oil & Gas 360

The History of OPEC’s Output Changes and the Challenges of this Weeks Meeting

From Reuters

For OPEC, over-compliance with its supply-cutting deal is a nice problem to have.

Once known for rampant cheating on agreed oil output targets, the Organization of the Petroleum Exporting Countries has been over-delivering on a pact in place …

Present Day Middle Eastern Game of Thrones – Part One

Present Day Middle Eastern Game of Thrones – Part One

“The Middle East shapes energy politics, energy crises, and it has a huge impact on geopolitics” – Helen El Mallakh

Ahead of the upcoming 174th OPEC meeting in Vienna, Austria, (scheduled for Friday, June 22, and immediately followed by …

Russia, Saudi Push for Hike in Oil Output Ahead of OPEC Meeting

Russia, Saudi Push for Hike in Oil Output Ahead of OPEC Meeting

From Reuters

Russia and Saudi Arabia are pushing OPEC and its allies to raise oil output steeply from July to meet growing demand and cover supply outages in Venezuela and Libya despite opposition from several members of the producer group …

Source: Gassco Karsto Pipes

U.S. Oil Pipeline Companies Seek Tariff Exemptions

From Reuters

Major U.S. energy companies including Plains All American Pipeline (PAA.N), Hess Corp (HES.N) and Kinder Morgan Inc (KMI.N) are among many seeking exemptions from steel-import tariffs as the United States ratchets up trade tensions with exporters including China, …

Photo by Mike Goldwater"

Canada’s Proposed Bill C-69 Would Require Energy Project Environmental Assessments to Take Climate Change into Account

Bill gives cabinet and environment minister final power to approve or reject a project regardless of the findings of an environment assessment

In February 2018, Catherine McKenna, the federal Minister of Environment and Climate Change, introduced Bill C-69. The bill …

Africa’s Largest non-OPEC Producer is on a Roll

Africa’s Largest non-OPEC Producer is on a Roll

Egypt is the largest non-OPEC oil producer in Africa and the third-largest dry natural gas producer on the continent, according to the EIA’s newest report on Egypt. In recent years, the country has seen political instability accompanied by growing power …

Trans-Alaska oil pipeline

A Minimum of 5.7 Billion Barrels Await Drillers at ANWR

The Arctic National Wildlife Refuge (ANWR) is located on the northern coast of Alaska, due east of both Prudhoe Bay and the National Petroleum Reserve-Alaska (NPRA). The coastal plain (the 1002 Area) covers 1.5 million acres and is about 8% …

Colorado’s 2,500-Foot Oil & Gas Setback Ballot Initiative in Signature-Gathering Mode

Colorado’s 2,500-Foot Oil & Gas Setback Ballot Initiative in Signature-Gathering Mode

Will they gather enough signatures this time around?

The 2018 Colorado ballot initiative that would change state law to require 2,500-foot setbacks from occupied structures, playgrounds and water sources for new oil and gas development projects is in the signature …

The U.S. Sanctions Venezuela

The U.S. Sanctions Venezuela

On May 21, 2018 the United States president signed an executive order prohibiting certain transactions with the government of Venezuela. The order restricts transactions involving debt owed to the Venezuelan government.

According to law firm Akin Gump, the new prohibitions …

Iran’s Short-Lived Oil and Gas Boom

Iran’s Short-Lived Oil and Gas Boom

Iran’s energy sector will feel the repercussions of renewed sanctions

Iran has the world’s fourth-largest proved crude oil reserves and the world’s second-largest natural gas reserves, but production in the country has been suppressed by international sanctions and underinvestment.

Iran’s Short-Lived Oil and Gas Boom

Although …

Courtesy of RSP Permian

OECD Inventories Lowest in Three Years: IEA

Inventory declines have brought prices to three-year highs

The International Energy Agency (IEA) released its monthly Oil Market Report today, outlining the group’s analysis of the overall oil market.

In March 2018, OECD stocks declined by 27 million barrels to …

Kinder Morgan Cool to Ottawa’s Offer to Compensate Company for Losses from B.C.’s Opposition to Trans Mountain

Kinder Morgan Cool to Ottawa’s Offer to Compensate Company for Losses from B.C.’s Opposition to Trans Mountain

Canada’s Federal Government Ready to Compensate Kinder Morgan for Delays

From the Star

OTTAWA—The Texas-based oil firm threatening to kill its planned expansion of an Alberta-B.C. pipeline reacted coolly to Ottawa’s offer Wednesday to compensate the company for any financial …

Brent Crude Hits $80

Brent Crude Hits $80

From Reuters

Oil prices climbed above $80 a barrel on Thursday for the first time since November 2014, hitting new multi-year highs on concerns that Iranian exports could fall because of renewed U.S. sanctions, reducing supply in an already tightening …

Pipeline Delays Have Consequences

Pipeline Delays Have Consequences

From Global News

Tony Cadrin fears the Trans Mountain pipeline expansion project’s delay only further pushes away career opportunities

After being without work for the past three years, a Calgary man is moving his family to the United Arab Emirates …

Kinder Morgan Canada Issues Statement on Trans Mountain as May 31 Deadline Nears

Kinder Morgan Canada Issues Statement on Trans Mountain as May 31 Deadline Nears

Kinder Morgan Canada Limited Issues Statement

Premier Reaffirms South Australia’s Partial Frac Ban

Premier Reaffirms South Australia’s Partial Frac Ban

From News.Au

South Australian Premier Steven Marshall has reaffirmed his state’s partial ban on fracking to a gathering of oil and gas industry chiefs.

The partial ban on fracking in South Australia will remain, with Premier Steven Marshall telling energy …

No Surprise: Colorado Sierra Club Endorses 2018 Ballot Initiative No. 97, Raising Setback to 2,500 Feet

No Surprise: Colorado Sierra Club Endorses 2018 Ballot Initiative No. 97, Raising Setback to 2,500 Feet

From the Boulder Weekly

On April 14, the Colorado chapter of Sierra Club officially endorsed Ballot Initiative 97, which, if passed, would require all new oil and gas operations to be sited at least 2,500 feet away from schools, homes, …

Senate Confirms Pompeo as New Secretary of State

Senate Confirms Pompeo as New Secretary of State

From The Hill

The Senate narrowly confirmed CIA Director Mike Pompeo to be secretary of State on Thursday, overcoming steep opposition to his nomination.

Senators voted 57-42, just over the simple majority needed for approval by the chamber.

Pompeo’s confirmation …

Office of Fossil Energy: New Head of Oil and Natural Gas

Office of Fossil Energy: New Head of Oil and Natural Gas

From The Department of Energy/Office of Fossil Energy 

The Department of Energy’s Office of Fossil Energy (FE) announced today the appointment of Shawn Bennett as Deputy Assistant Secretary (DAS) for Oil and Natural Gas. As DAS for Oil and Natural …

April 16, 2018 - 7:59 am Closing Bell Story‎, Law, People, Politics & Opinions
Canada’s Energy Sector Faces Rough Waters

Canada’s Energy Sector Faces Rough Waters

Stiff U.S. competition, an inter-province pipeline row prolongs limited export opportunity, and U.S. is its only big export customer

 

With U.S. shale on a tear, imports are dropping

Total U.S. crude production reached 10 MMBOPD in November 2017 and …

ConocoPhillips Doubles Down in British Columbia’s Montney with 35,000-Acre Acquisition

ConocoPhillips Doubles Down in British Columbia’s Montney with 35,000-Acre Acquisition

Oil and gas investment in politically risky British Columbia

Just a few days before Kinder Morgan Canada said it would halt investment and construction on the Trans Mountain pipeline expansion due to political risk in British Columbia, ConocoPhillips (ticker: COP) …

Crestone Peak’s “Re-entry into Boulder County” Takes Another Step Forward

Crestone Peak’s “Re-entry into Boulder County” Takes Another Step Forward

Crestone Peak submits 4th Draft of Comprehensive Drilling Plan to COGCC

Crestone Peak Resources, the privately held DJ Basin operator that is developing Encana’s former assets in in Northern Colorado, is getting a little closer to planting its flag …

COGCC Full House, Mar. 19, 2018

Martinez v. COGCC: Opening Briefs at the Colorado Supreme Court

Case background

The beginning of the Martinez v. COGCC case dates back to November 15, 2013, when petitioners Xiuhtezcatl Martinez, Itzcuahtli Roske-Martinez, Sonora Brinkley, Aerielle Deering, Trinity Carter, and Emma Bray, minors appearing by and through their legal guardians Tamara …

Canadian Railways in a Catch-22 Over Crude Shipment

Canadian Railways in a Catch-22 Over Crude Shipment

From Reuters

Canadian railway operators see a lucrative opportunity to transport more crude oil to the United States as a rise in output force producers to find new routes to its southern neighbor.

However, their need for long-term contracts and …

March 29, 2018 - 3:55 pm Canada, Closing Bell Story‎, Law, Oil Sands, Politics & Opinions
OPEC and Russia Consider Lengthy Alliance

OPEC and Russia Consider Lengthy Alliance

From euronews/Reuters

Saudi Arabia and Russia are working on a historic long-term pact that could extend controls over world crude supplies by major exporters for many years.

Saudi Crown Prince Mohammed bin Salman told Reuters that Riyadh and Moscow were …

March 28, 2018 - 11:31 am Closing Bell Story‎, International, OPEC, Politics & Opinions
NJ Senate Passes Bill Blocking Drilling

NJ Senate Passes Bill Blocking Drilling

From The Press of Atlantic City

Bipartisan legislation to ban offshore drilling in state waters and to prohibit infrastructure there from supporting drilling in federal waters off New Jersey, was approved 37-0 on Monday by the state Senate.

“This is …