Commodity prices have crashed over the past year, and the market for LNG is no different. Over the past five years or so, there has been a flurry of construction for LNG export terminals, as natural gas exporters hoped to take advantage of the sky-high prices for LNG in Asia. Show More Summary
Oil prices are down, oil and gas development has slowed, and oil workers are leaving the state. The latest unemployment numbers from North Dakota Job Service show an unemployment rate of 2.9 percent in August, the last month for which numbers are available, up slightly from 2.7 percent in August 2014. Yet that rate doesn’t tell...
NEW ENERGY NOW MATCH NAT GAS Wind energy is now as cheap as natural gas, and solar is getting close; And it's only getting cheaper. 7 October 2015 (Science Alert) “Wind power is now comparable in price to fossil fuels, and solar is well...Show More Summary
The oil bulls are gathering, but whether more in hope than convincing evidence of a sustainable rise in the oil price is uncertain. Ben van Beurden, chief executive of Royal Dutch Shell, Europe's biggest oil and gas producer, became the latest and most important oil industry player to predict an end [...]
Prior to the drop in oil prices during the second half of 2014, the shale revolution was putting the US in a position to become less dependent on foreign oil, fueling job creation in the oil and gas industry, and creating a manufacturing renaissance. Many countries attempted to replicate the same success that the US […]
BP Plc. is one of the world's leading oil & gas companies, with operations all across the globe. The company has been hit hard by the current downtrend of low crude oil prices and its average price realizations in both upstream and downstream segments have suffered as a result. Show More Summary
Even as prices for both diesel gasoline and jet fuel have dropped, the country’s two largest parcel shippers have remained steadfast in maintaining surcharges that will make it more expensive for businesses to fulfill online orders this holiday season. The Wall Street Journal notes that FedEx’s upcoming increase — its second this year — could have a significant impact on …
On Tuesday, Freeport told investors it has hired bankers to conduct a strategic review of its oil and gas business, in an effort help boost the company's plummeting share price.
Ben Van Beurden set out Shell's vision for the future of the energy market, in which the price of oil is set to rise again slowly, and production will favor gas over more polluting fossil fuels like coal.
Energy storage could have a competitive advantage over gas turbines in meeting peak demand. While both can provide peak capacity, storage can gain extra revenue by taking advantage of smaller price differences that occur on a more frequent basis. It means storage may already be cheaper than gas in meeting peak demand.
The crossover everyone has been waiting for is underway. Under power purchase agreements signed this year, developers will deliver power from large utility-scale solar plants will be selling at below the price of electricity from natural gas by 2021, according to a new report from Lawrence Berkeley National Laboratory. Between 2017 and 2040, [...]
Despite plummeting gas prices, more and more Americans are driving low-speed electric vehicles, with many transformed to look more like miniature hot rods
The price of Russian gas for Ukraine in the fourth quarter of 2015 will be around $248-252 per 1,000 cubic meters, according to the Russian Energy Ministry.
Cheaper gas is a boon for American consumers, but nearly everywhere else slumping raw materials are leaving bruises
Petroleo Brasileiro Petrobras is a vertically integrated oil and gas company, which operates in both the upstream and downstream segments of the industry. The Brazilian multinational energy giant is one of the largest companies in Latin America by annual sales revenue. Show More Summary
WHAT'S BEEN DROPPING BESIDES THE STOCK MARKET and gas prices? As Golfweek reported, name players are dropping in the Official World Golf Ranking. Obviously, Tiger Woods is the most famous and dramatic example, but there are plenty of others."How tough is it to maintain a high world ranking?" wrote Golfweek. Show More Summary
Justin Sullivan/Getty Images Rick Hudnett recently pulled into a Chevron station near his home in Orlando. He wishes he hadn't. The $2.41 price a gallon was a few cents lower than average, so he assumed he had found a bargain. And he did, except for one teensy detail. Show More Summary
A New Jersey-based oil refining company announced Wednesday that it will acquire Exxon Mobil's damaged Torrance plant for $537.5 million, after repairs have been completed early next year.
Unlike the natural gas market in the United States, natural gas prices in Asian markets typically reflect contracts that are indexed to crude oil or petroleum product prices. The declines in crude oil prices between August 2014 and January 2015 had a significant effect on Asian natural gas prices and markets. read more
DES MOINES, Iowa (AP) — The link between ending a 40-year oil export ban and lower prices at the gas pump is not as direct as Republican presidential candidate Jeb Bush would have voters believe in his new energy proposal, industry economists...Show More Summary