When it comes to pursuing new offshore oil and natural gas production, the Atlantic Coast is proving to be a tough target. In this week’s Oilgram News column, Regulation and Environment, Gary Gentile explains what’s currently happening — and what’s not happening — off the Eastern shores and why.
By Gary Gentile | August 3, 2015 12:01 AM Comments (0)
By Ross McCracken | July 31, 2015 11:07 AM Comments (0)
By News Desk | July 31, 2015 12:01 AM Comments (0)
With the end of the Obama administration in sight (or at least the 2016 presidential campaigns already making headlines), signs point toward a deadline on the Keystone XL decision.
By Starr Spencer | July 30, 2015 12:01 AM Comments (0)
Mexico’s debut bidding event in Round One of its energy reform is now history, and resulted in what was widely agreed was a poor showing.
Now, the post-mortems have begun, both within industry and the Mexican government, which openly acknowledged it needs to do a better job of listening to industry’s concerns about contract terms that might have attracted more winners had the sticking points been addressed to begin with.
By Colin Richardson | July 29, 2015 12:01 AM Comments (0)
There’s something about steel. Before I joined Steel Business Briefing in 2008, I’d never really known what I wanted to do career-wise. I worked for some good companies, including competitors of Platts (which acquired SBB in 2011), but never really envisaged staying in the price reporting sector. Nothing against it, I was just young and finding my way, armed with humanities degrees that didn’t gear me up for much outside of education.
But there’s something about steel.
By Daniel Colover | July 28, 2015 12:01 AM Comments (0)
Russian giant Rosneft’s recent deals in Asia suggest it is potentially shifting the balance of its crude oil sales in the region — one of its most important export markets — from a spot tender basis to long term contracts and significantly reducing the amount of Russian crude that enters the spot market in Asia.
By News Desk | July 27, 2015 02:58 PM Comments (0)
Secretary of State John Kerry held a question-and-answer session to a packed house Friday in New York at the Council on Foreign Relations to talk about the recently-concluded nuclear deal between Iran and several Western nations, including the US. It didn’t matter that the breakfast was called on about 24 hours notice on a Friday in the summer; it was a true VIP audience. (For example, among those in attendance: Hess Oil CEO John Hess.)
John Kingston, president of the McGraw Hill Financial Institute and a long-time Platts editorial leader, was in attendance. And as he noted, there was one word that, amazingly, didn’t emanate from Secretary Kerry’s mouth, not even once. You can find out what that word was on the Institute’s blog here.
By Tom Balcerek | July 27, 2015 07:01 AM Comments (2)
Negotiating a union labor contract is often a slog. It gets more complicated if it’s a multi-year deal, and a bit treacherous if it’s a highly cyclical business.
All three apply to the steel industry, where major producers are in contract negotiations with the United Steelworkers union for long-term deals to replace current ones, which expire September 1. Throw in weak steel demand and high import penetration and it gets even stickier.
By Starr Spencer | July 27, 2015 12:01 AM Comments (0)
By Brian Scheid | July 24, 2015 12:01 AM Comments (1)
About 700 million barrels of crude oil stored in four sites along the US Gulf coast seems to have recently inspired the imagination of a cash-strapped Congress.
With US crude production nearing record highs and prices falling below $50/b, federal lawmakers are pushing to sell millions of barrels from the US Strategic Petroleum Reserve to fund bills with little, or nothing, to do with energy.