Alaska Gasline Development Corporation (AGDC) and affiliates of ExxonMobil (ticker: XOM), TransCanada (ticker: TRP), BP (ticker: BP) and ConocoPhillips (ticker: COP) filed a FERC pre-filing request, effectively launching the early design phases of their Alaska LNG Project, an estimated $65 billion, 20 MM metric ton LNG facility, to be built in the Nikiski area on the Kenai Peninsula. Concurrently, Russia’s
Yesterday Reuters reported that an emergency energy plan was being constructed for Europe, should gas stop flowing through the pipelines that connect European homes with Russia’s natural gas. “Kiev is warning that Russia plans to halt gas supplies while Moscow says Ukraine could siphon off energy destined for the European Union – which has just threatened new sanctions if Moscow
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 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
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.
China National Offshore Oil Company, or CNOOC, announced it has signed a deal worth $1.6 billion to build equipment for the Yamal LNG project in Siberia. The project is currently scheduled to begin in 2017 and annual capacity per LNG train is expected to be 5.5 million tons – all of which has already been signed to contracts. The Yamal
The United States energy market has big decisions ahead of it: Do we export oil? How do we safely transport crude oil across our country? Should we build the Keystone pipeline? And perhaps more captivating is what the industry/country should do with the tremendous amounts of natural gas we’ve untapped. The natural gas landscape continues to make headlines by means
The oil and gas production surge in the United States (U.S.) has analysts predicting the U.S. will lead the world’s in oil and production by the end of 2013. Source: EIA According to The U.S. Energy Information Administration (EIA), the United States is on pace to surpass Russia by year-end 2013. Oil production alone has increased by 34% since 2005.
Russian leader, Vladimir Putin, has been dipping his toes in to a lot of pools lately. Between his position on possibly allowing Edward Snowden to seek asylum in Russia and his hosting of the second Gas Summit of the Gas Exporting Countries Forum (GECF) in Moscow July 1, 2013 – it’s amazing that he’s keeping the snow separated from the
This is some dummy copy. You’re not really supposed to read this dummy copy, it is just a place holder for people who need some type to visualize what the actual copy might look like if it were real content. If you want to read, I might suggest a good book, perhaps Hemingway or Melville. That’s why they call it,
