Energy XXI’s Chairman & CEO Intevrviews on CNBC’s Mad Money
August 17, 2014
Energy XXI’s Chairman & CEO discusses his company and the oil industry with Jim Cramer on CNBC’s Mad Money.
Atlas Energy’s CEO Interviews on CNBC
August 16, 2014
Ed Cohen, CEO of Atlas Energy, discusses the natural gas industry on CNBC’s Squawk Box from The Oil & Gas Conference® 19 in Denver
Russia’s Sanctions: Who will Blink First?
August 12, 2014
Gennady Timchenko, Russian billionaire and holder of 23% of the stake in Rosneft and Novatek, and Igor Sechin, chief executive of the Kremlin-controlled oil group Rosneft, seem confident that their companies will survive and prosper despite financing sanctions imposed by the United States in July. According to the Financial Times, “Novatek, Russia’s largest independent gas producer, is sitting pretty. It
Oil Companies Evacuating Iraq; ISIS Selling Black Market Crude for $30/Barrel
August 7, 2014
Reuters reported that both ExxonMobil Corporation (ticker: XOM) and Chevron Corporation (ticker: CVX) evacuated their staffs from Iraqi Kurdistan this morning. The employees of the oil giants join several thousand civilians attempting to escape violent Islamic State terrorists, also known as ISIS, who are now within a 30 minute drive of Abril, the Kurdish regional capitol. On June 13, Rupert
International Fallout: Iraq, Russia Markets Face Unknowns in Midst of Turmoil
July 30, 2014
Russia and Iraq are giants in the hydrocarbon industry. The two powerhouses were the third and sixth greatest oil producers in 2012, and Iraq’s oil reserves rank fifth in the entire world. Russia’s natural gas reserves are the highest on the planet, and its 2012 production average of 63.4 Bcf/d allowed it to export 76% of its natural gas across
Japan Has a Problem
July 29, 2014
Japan has an intelligent, well-educated citizenry, strong business leaders and dedicated workers who created an industrial juggernaut that has been the envy of the world for decades. But Japan has a problem. With no natural gas and very limited oil reserves of its own, for decades Japan has relied largely on nuclear energy to fuel its industrial output and it
Will Russia’s Accumulation of Asian Energy Deals Make Western Sanctions Obsolete?
July 28, 2014
Already, Russia commands about 38.7% of Europe’s natural gas market, but it has been hard at work extending its economic influence in Europe and Asia. With almost 60% of Russia’s exports from natural gas, Vladimir Putin is taking steps to ensure that the cost of enforcing economic sanctions on his nation will hurt the sanctioning countries more than Russia itself.
Obama Okays United States Atlantic Shelf Development
July 25, 2014
Coming: 280,000 jobs and $195 billion in private investment The Eastern Seaboard of the United States is back on the oil and gas map. On July 24, 2014, President Obama opened up sections of the Atlantic Ocean to hydrocarbon development – a plan originally proposed in 2010 that was placed on indefinite suspension following the Macondo disaster in the Gulf
The Consequences of EPA’s CO2 Restrictions – Part Two
July 24, 2014
On January 17, 2008, President Obama said, “If someone wants to build a coal power plant, they can, it’s just that it will bankrupt them…” That promise is coming into fruition now. Last month, the EPA revealed its Clean Power Plan, which aims to lower carbon dioxide (CO2) emissions by 30% by 2030, in relation to levels from 2005. The
Energy and Commerce Committee Chairman Upton’s “Architecture of Abundance”
July 21, 2014
During the EIA Energy Conference last week, July 14 to July 15, Michigan’s Representative Fred Upton (R) gave a speech about his ideal energy future. He called his plan the “Architecture of Abundance.” It is a plan with five pillars: Modernizing infrastructure Maintaining diverse electricity generation Permitting a manufacturing renaissance Harnessing energy efficiency and innovation, and Unleashing energy diplomacy. Upton
The EPA’s CO2 Rules: More Gas-Fired Generation Plants, Other Remedies
July 17, 2014
Last month, the U.S. Environmental Protection Agency (EPA) released its proposed Clean Power Plan, which plans to lower carbon dioxide (CO2) emissions by 30% by 2030, compared to 2005 levels. The U.S. levels in 2013 were 10% below those of 2005 – a growth of 2% from 2012 levels. The EPA said that the combustion of fossil fuels to generate electricity was
With Sanctions Relaxed and Iraq in Turmoil, India Looks Toward Iran for More Crude Oil
June 27, 2014
India has extended approval by six months, beginning June 28, for two Iranian ship underwriters to provide insurance for container, tanker and bulk vessels calling at Indian ports, the Wall Street Journal reported yesterday. The decision to relax sanctions against Iran by the West has enabled tankers to transport oil and petroleum products from Iran. The extension will let India,
