2nd line of China-Russia oil link starts

The second line of the China-Russia oil pipeline began commercial operation on Monday, another step in diversifying China’s energy supply and ensuring its energy security, according to China National Petroleum Corp, the country’s biggest oil producer. With an annual capacity of 15 million metric tons, the project is expected to double China’s annual imports of Russian… Please follow and like us:

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LNG Imports To China Expected To Surge

China, already the third-largest LNG buyer worldwide after South Korea and Japan, is about to become an even bigger player in the market as the country’s demand for natural gas continues rising sharply. S&P Global Platts Analytics forecasts that China – which is increasingly replacing coal with cleaner burning gas to reduce air pollution – will… Please follow and like us:

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Austria gas plant explosion leads to price hikes

The huge blast at a natural gas hub in eastern Austria has triggered price hikes across Europe. The flow of Russian gas into the hub dropped immediately after the inferno, causing prices in some parts of the continent to soar to unprecedented levels. The hub receives about 45 billion cubic metres of cubic metres of gas… Please follow and like us:

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Pipeline Supplying Gas To DC And NY Shuts Down Amid Flooding From Harvey

A gas pipeline supplying parts of New York and Washington, D.C. with energy is shutting down as refineries in the Gulf of Mexico go offline amid flooding from Tropical Storm Harvey. The Colonial Pipeline, which stretches up and down the northeast coast, supplies about 100 million gallons of refined gas a day to New York City… Please follow and like us:

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Infrastructure, Jobs And Economic Growth

We’ve posted quite a bit recently about the need for streamlining the federal permitting process for energy infrastructure (see here and here). An API study earlier this year estimated investments in needed natural gas and oil infrastructure could total more than a trillion dollars and potentially generate more than 1 million jobs through 2035. That’s a… Please follow and like us:

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Trump Energy Policy May Finally End the Rule of OPEC

In November 2014 I wrote about the attack OPEC started on the American oil industry. Saudi Arabia said they wanted to put the American frackers out of business. Then-President Barack Obama did nothing. He was opposed to the oil industry and was more in favor of non-carbon based sources of energy. OPEC bet their countries’ economies… Please follow and like us:

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Opening A New Era For U.S. Offshore Energy

The Trump administration is taking the first step to more fully harness the United States’ offshore oil and natural gas wealth, beginning work on a new five-year offshore leasing plan – the federal blueprint for future offshore development. It’s great news for America’s future energy security, for consumers and our economy. President Trump’s executive order in… Please follow and like us:

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ExxonMobil Earnings – What Do They Mean?

This week, ExxonMobil and Chevron released quarterly results from Q1 2017. Both released numbers that topped consensus estimates. Some analysts have suggested the Exxon’s numbers can provide insight into the energy sector, as follows. As the world’s largest publically traded oil and gas company, ExxonMobil can say a lot about the oil economy as a whole.… Please follow and like us:

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US to enter LNG global export market with Golden Pass

The US energy department has given its final approval to Golden Pass, a global energy company, to export domestically produced liquefied natural gas (LNG) to countries that do not have a free trade agreement with the US. Golden Pass will be able to export up to 2.21 billion cubic feet of natural gas per day to… Please follow and like us:

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Oil and Gas Stocks Under Review — Chesapeake Energy, Southwestern Energy, Marathon Oil, and Oasis Petroleum

NEW YORK, March 17, 2017 /PRNewswire/ — This morning, Stock-Callers.com takes notes of four Independent Oil and Gas stocks to see how current oil prices have influenced their recent performances. Under assessment are: Chesapeake Energy Corp. (NYSE: CHK), Southwestern Energy Co. (NYSE: SWN), Marathon Oil Corp. (NYSE: MRO), and Oasis Petroleum Inc. (NYSE: OAS). On Thursday,… Please follow and like us:

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The Five Stocks That Have Trumped The Donald

This article originally appeared on the Motley Fool. President Donald Trump fancies himself an astute businessman above all else. Mostly through his knowledge of real estate deals and his vast empire of businesses, Trump has grown his wealth to what he estimates to be $10 billion. Yet, one realm where Trump rarely set foot was the… Please follow and like us:

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Russia’s new game in Afghanistan

A resurgent Russia is making new inroads into Afghanistan, not in the way the former USSR did, but by aligning itself with some of the very extremists whose leaders were involved in the defeat of the Soviet Union’s decade-long invasion of Afghanistan. In December 2016, Moscow disclosed its contacts with the Taliban, the group that is… Please follow and like us:

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Texas firm launching development of Israel’s massive gas field

Texas-based Noble Energy will begin developing Israel”s offshore Leviathan gas field. The company will begin immediately with the first phase of the project, and said in a statement issued Thursday that it expects the first gas to flow in 2019. Leviathan, discovered in 2010 in the Mediterranean Sea west of Haifa, is estimated to hold 16… Please follow and like us:

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