GLG News by Oil and Gas Refining Experts (North America)

Energy Policy vs Energy Bill, geologic reality versus media hype:

This is bad new for speculation, do not believe it. Let Us hear Chavez he really knows about Oil. There are not need for more oil, what a false remark. Chavez please give speculation some guidance, such that oil will go to 1000USD in 2 years, that is what we want to hear.

Occidental Petroleum plans to spend $1.1 billion to extract oil from the aging Texas Permian Basin.  For this purpose Occidental is teaming with natural gas (NG) producer SandRidge Energy to build a gas processing plant, separating a high CO2 content for enhanced oil recovery (EOR) and sell the...

What we shall see soon is the Chinese sending goods to Saudi Arabia and the Aramco crude as well as oil product go to China.  Currency will not apply directly as this is barter.  These folks (Arabs and Chinese) have ancient cultures that used barter so it is not unexpected.  In fact they...

China is working all avenues of energy supply, ranging from coal fired, nuclear and giant hydroelectric plants with crude crude imports from the Middle East and LNG from Asia Pacific.  In addition China will increase wind power from 10 GW to 20 GW in the near future, requiring 70% domestic content...

After numerous wind turbine blade failures (cracking) of their Suzlon (India) wind turbines , Mission Energy, the non-regulated arm of Southern California Edision cancelled a follow-on order of wind turbines from Suzlon. Since Suzlon delivered the previous order of their turbines with warranties and...

Booz & Co. warns that European LNG import terminal investments may not pay off in case LNG from the Middle East and North Africa are redirected towards the US due to NG shortages for clean power generation. 

Flex LNG was specifically formed as a "Floating LNG Producer" for developing stranded gas fields in underdeveloped areas.  Papua New Guinea (PNG) is one location where it appears to be a timely and economical solution to pipe stranded onshore gas to an offshore floating production and storage ship...

The WSJ article of today on page A10 focuses on potential security issues related to global warming in under-developed countries, creating a hot bed for terrorists.   

    The input costs for utilities to generate electricity are up.  These costs include coal, transportation, natural gas, and power purchases.  There are no guarantees, however, that a regulated utility may pass along these costs as discussed in the commentary section.