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RPSEA Elects New President - Tom Williams

August 2, 2016 - The Research Partnership to Secure Energy for America (RPSEA) has elected Tom Williams as its new President. Throughout his career since holding management positions at the U.S. Department of Energy and Interior from 1989 to 1993, ...

Dismal Interest in Offshore GOM Lease Sale

For the first time the annual Federal sale of oil and gas leases in the Gulf of Mexico was broadcast live on the internet. The oil and gas industry was very cautious and only three companies places bids, and they ...

1st U.S. LNG Cargo arrives in China

The 1st cargo of liquefied natural gas (LNG) from the U. S. arrived at the Chinese port of Yantian near Hong Kong on Monday. China is the world’s largest energy consumer and the shipment represents a new target for U.S. ...

Russia Increases Military Presence in Arctic

To continue their policy of dominance in opening the polar region for oil and gas development, Russia is scaling up military activities in the Arctic. Included are large-scale military exercises, reconstruction of infrastructure in the region, and reopening old air ...

Oil Reaches New Highs

Oil prices reached the highest in 5 weeks on Wednesday. Brent crude hit $48.74 per barrel and West Texas Intermediate reached $46.16 per barrel. Heavy oil losses in Nigeria due to military attacks reduced supplies by 700,000 bbl per day, ...

Chesapeake Leaves the Burnett

Chesapeake Energy reached an agreement on Aug 11 with Saddle Barnett Resources to transfer their remaining Barnett Shale assets. This marks Chesapeake’s exit from the” birthplace of horizontal drilling”, and will allow the company to eliminate drilling costs and pipeline ...

Natural Gas Consumption Rises with Heat Wave

The heat wave across the U.S. this summer has caused record gas consumption at power plants generating electricity for air conditioning. Surplus natural gas storage stocks have declined since March from a high of 1,014 billion feet to 378 billion ...

API and EIA Announce Conflicting Data

Last week API announced that crude inventories had fallen by 3.9 million barrels, while EIA published “significantly contradictory information”, showing that oil stocks have increased by 1.4 million barrels the week of July 31 and 1.67 million barrels the previous ...

International Maritime Organization Launches new Environmental Website

On August 4th the International Maritime Organization launched GloMEEP a website designed to improve energy efficiency and boost efforts to improve environmentally sound shipping practices. A feature of the website will be updates on energy efficiency technologies including machinery, propulsion ...

Marcellus Drilling Increases

The Pittsburg Post-Gazette announces that drilling in Pennsylvania’s Marcellus shale has increased, slowly and cautiously. At a meeting last week drillers in the Marcellus said they would be focused on economics not growth targets. Each company will determine drilling plans ...