User: flenvcenter Topic: Energy-National
Category: Fossil Fuels :: Oil and Gas
Last updated: Mar 03 2015 16:39 IST RSS 2.0
 
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In Houston, Falling Oil Prices Spark Fears Of Job Cuts Beyond Energy 3.3.2015 NPR News
Cheaper gasoline has benefited millions of motorists around the U.S. But in Houston the downturn in prices has brought layoffs and could hurt other sectors, including finance and real estate.
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Saudi king keeps close hand on oil in remodelling strategic team 3.3.2015 Yahoo: Business
By Rania El Gamal and Angus McDowall RIYADH (Reuters) - Saudi Arabia's subtle change of energy policymaker line-up since the accession of new King Salman in late January appears to give the monarch's inner circle a firmer hand on the kingdom's oil strategy than previous rulers have enjoyed.     The most notable change was the promotion of the king's son Prince Abdulaziz bin Salman, long a member of the No. 1 crude exporter's OPEC delegation, to the role of deputy oil minister from assistant oil minister, a post he had held for many years. ...
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Russian tycoon clashes with Britain over North Sea deal 3.3.2015 Yahoo: Top Stories
FRANKFURT/DUESSELDORF (Reuters) - Russian billionaire Mikhail Fridman said on Monday he would buy a number of gas licenses in the North Sea despite British opposition, threatening legal action if London should force him to sell them on to a third party. German utility RWE on Monday finalised the sale of its oil and gas production unit DEA [RWEDE.UL] to Fridman's investment vehicle LetterOne, ending months of uncertainty over whether the 5.1 billion euro (3.7 billion pounds) deal would go ahead. Britain on Saturday said the deal's structure did not alleviate concerns that possible future sanctions against LetterOne's owners Fridman and his partner German Khan could negatively impact production. "We are deeply disappointed and concerned by your letter, given the extensive efforts the parties have made to address your professed concerns," Jonathan Muir, chief executive officer of LetterOne Holdings S.A., said in a letter addressed to British Secretary of State for Energy and Climate Change Edward ...
Norway Can Lead in Fighting Climate Change 3.3.2015 Politics on HuffingtonPost.com
Early this year, Norway put its toe in the global movement to drop investments in fossil fuel companies. Its sovereign wealth fund (the Fund), at $850 billion the world's largest, divested from 14 coal mining companies, five tar-sands oil producers and a few other companies heavily involved with fossil fuel. Late last year, an Expert Group appointed by Norway's Finance Ministry released a 71 page report addressing whether the Fund, as a responsible investor sensitive to the global threat of climate change, should exclude fossil fuel companies from its portfolio or exercise its ownership and influence by engaging with those companies. The Expert Group rejected an "either-or" approach, describing the many ways in which strategies of exclusion and active ownership can contribute to lessening the climate change danger. Indeed, it wisely emphasized the reinforcing value of using both exclusion and active ownership in combination, suggesting that together they "can be larger than the sum of their parts." In ...
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Russia, Ukraine agree gas delivery deal until end March: EU 3.3.2015 Yahoo: Politics
Moscow and Kiev agreed a gas delivery deal until the end of March after EU-brokered talks in Brussels Monday, securing supplies to Europe after a row over supplies to rebel-held eastern Ukraine, the EU said. "I am satisfied that we managed to safeguard the full application of the Winter Package for the supply needs in Ukraine," said Maros Sefcovic, European Commission Vice-President for Energy Union, referring to a contract expiring on March 31 that Russia had threatened to scrap. The deal came at the end of nearly five hours of talks between Sefcovic, Russian Energy Minister Alexander Novak and his Ukrainian counterpart Volodymyr Demchyshyn. Gazprom, the Russian state-owned gas giant, threatened last week to halt deliveries to Ukraine and divert stocks instead to the eastern parts of the country controlled by pro-Kremlin separatists after Kiev cut them ...
Three facts you should know about the Keystone XL tar sands pipeline and exports 3.3.2015 Switchboard, from NRDC
Anthony Swift, Attorney, International Program, Washington, DC: When he vetoed legislation meant to force approval of the proposed Keystone XL tar sands pipeline last week, President Obama noted that the project is designed largely as a way to route Canadian tar sands to the global export...
National Bank of Abu Dhabi: Even at $10 per barrel, oil can't match solar on cost 3.3.2015 TreeHugger
When one of the biggest banks from an oil-producing region admits defeat to solar power, you know things are starting to change.
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Stephen Harper's Petro-State Is Built on Tar Sands 3.3.2015 Green on HuffingtonPost.com
This article first appeared in The Washington Spectator . Late 21st-century graduate students of business studying the growing problem of stranded assets will almost certainly focus on the history of Canada's Athabasca Oil Sand (aka tar sands). The case studies they read will either describe the gradual abandonment of the world's largest reserve of bituminous crude or they will read about the tar sands' miraculous last-minute escape from becoming the world's largest stranded asset. For either outcome, the turning point they will look back on is just about now. In some respects Alberta's gigantic deposits of bitumen , a dense mixture of sand and heavy crude oil, third in size only to the reserves of Saudi Arabia and Venezuela, were stranded from the start by location. Situated in the heart of a vast boreal forest at the center of a very large continent, they are hundreds of miles from the nearest refinery and thousands more from navigable tidewater. If Canada's oil sands do one day become stranded, the ...
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Latin America Green News: Renewables up 40% in Mexico last decade, Costa Rica leads pledge to honor human rights, Amazon's largest deforester arrested 2.3.2015 Switchboard, from NRDC
Maria Martinez, Program Assistant, Director of Programs & Latin America Project, Washington, D.C.: Latin America Green News is a selection of weekly news highlights about environmental and energy issues in Latin America. February 21th - February 27th, 2015 Climate Change During a visit to Paraguay this week Secretary General of the United Nations,...
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Consumer spending rose in January after adjusting for low gas prices 2.3.2015 LA Times: Business
Consumer spending bounced back in January after taking into account sharply lower gas and energy prices, the Commerce Department said Monday.
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Going Off the Rails: There's No Safe Way to Haul Oil by the Trainload 2.3.2015 Truthout.com
  When you play by their rules, you lose every time. Big Oil's Lethal Game, an OtherWords cartoon by Khalil Bendib. When 27 CSX tanker cars loaded with fracked North Dakota crude tumbled onto a West Virginia riverbank on President’s Day, the ensuing fireballs leveled a house and forced hundreds of people to flee amid a heavy snowstorm. Even though 19 of the derailed cars — each carrying 30,000 gallons of oil — erupted into flames, nobody died in this particular disaster. But it may have fired a fatal shot into the argument that trains can “safely” haul crude across North America. After most of these increasingly frequent accidents, critics urge the government to make operators use “safer” tanker cars. Yet the cars that went off the rails, exploded into flames, and then smoldered for days alongside the Kanawha River were the new-and-improved model . Slower speeds are also billed as a way to increase oil train safety. Yet this one was chugging along at just 33 miles per hour in a 50-mph zone when it ...
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Get ready for higher gas prices 2.3.2015 Pioneer Press: Most Viewed

As spring approaches, gasoline prices will rise.

Russia, Ukraine hold emergency gas talks as cutoff looms 2.3.2015 Yahoo: Top Stories
BRUSSELS (AP) — Russia and Ukraine's energy ministers are holding emergency talks in Brussels as Russian gas giant Gazprom threatens to cut off deliveries to Ukraine for lack of payment.
Texas oil company: Sahara offshore test well not commercial 2.3.2015 Yahoo: Top Stories
RABAT, Morocco (AP) — Dallas-based Kosmos Energy said Monday its exploration well off the coast of the disputed Western Sahara territory has not yielded a commercial find and will be plugged, though the search would continue.
Insight: Why Nigeria's restive oil region will only accept Jonathan 2.3.2015 World
By Tim Cocks OTUOKE, Nigeria (Reuters) - The most impressive building in Otuoke, Nigerian President Goodluck Jonathan's home town in the oil producing Niger Delta, is the multi-storey mansion complex he has built for himself and close family while in office. "We haven't really seen much benefit since our brother became president, except the university," she says, referring to the shiny Federal University Otuoke, completed in 2011, that has about 1,000 students and nearly a third more staff. We're disappointed." Yet she will vote for him again in a presidential election set for March 28. "Of course," she says, "He's our brother." Her answer reveals why the delta, historically one of Nigeria's most marginalized regions although its oil provides three quarters of government revenue, could erupt again if Jonathan leaves ...
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Reality hits North Dakota's pricey apartment market; rents drop 2.3.2015 Yahoo: US National
By Ernest Scheyder WILLISTON, N.D. (Reuters) - It is getting cheaper to rent an apartment in North Dakota's oil patch. Prices, which only last year rivaled levels in New York City and Geneva, have slipped about 15 to 20 percent in the past two months as dozens of new apartment buildings opened in Williston, Watford City and other oil hub cities. Growth in demand has slipped because the plunge in crude oil prices has led to cuts in capital spending by energy producers.     There are still about 1,800 energy-related jobs unfilled in the No. 2 U.S. oil-producing state, and there is still demand for apartments. "You're starting to see prices fall this year as more units come online," said Terry Metzler of Granite Peak Development, which has built apartments and a shopping center in Williston, considered capital of the state's oil boom, and has an additional 480 apartments and houses under ...
Germany's RWE completes oil and gas sale to Russian investor 2.3.2015 Yahoo: Top Stories
BERLIN (AP) — German energy company RWE says it has completed the 5.1 billion euro ($5.7 billion) sale of its oil and gas exploration and production division to a Russian-linked investment company.
Oil boom in Texas is over? 2.3.2015 The Earth Times Online Newspaper - Health News
While the world ponders climate change, Texas, which suffers badly from drought, has been trying to frack its way forward. It now seems these workers will have to return home and that oil is not the future. It has lasted over a century, but the oil executives are now grasping at straws, instead of embracing renewable or at least less polluting energies. New jobs will have to be found, but this is not the first time oil has gone bust!
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Hot old trend: Heating with wood 2.3.2015 Philly.com News
For Phil Stoltzfus, heating his Fishtown rowhouse has become an artisanal pursuit, like brewing beer. He is among an estimated 2.5 million people in the nation opting for a hot old trend: Heating with wood.
Fact Checker: Obama’s claim that Keystone XL oil ‘bypasses the U.S.’ earns Four Pinocchios 2.3.2015 Washington Post: Politics
“I’ve already said I’m happy to look at how we can increase pipeline production for U.S. oil, but Keystone is for Canadian oil to send that down to the Gulf. It bypasses the United States and is estimated to create a little over 250, maybe 300 permanent jobs. We should be focusing more broadly on American infrastructure for American jobs and American producers, and that’s something that we very much support.”Read full article ...
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