Key Senator Says U.S. Office can Lift Part of Oil Export ban

Key Senator Says U.S. Office can Lift Part of Oil Export ban

From YAHOO! NEWS By Timothy Gardner WASHINGTON (Reuters) - A U.S. government office has the power to approve exports of an abundant type of petroleum and help energy companies begin to partially bypass a 40-year ban on crude exports, according to a report released on Tuesday by Lisa Murkowski, the top Republican on the Senate Energy and Natural Resources Committee. The ban on crude exports the government pu ...

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Electricity-Starved Brazil Could Be the Next Market for U.S. Natural Gas

Electricity-Starved Brazil Could Be the Next Market for U.S. Natural Gas

From The Motley Fool The reservoirs that supply Brazil with hydroelectricity are drying up, and that could be a tremendous opportunity for for U.S. natural gas producers. Reuters reported that the only thing preventing blackouts and electricity rationing in Brazil is a large number of natural gas- and oil-burning power plants built since the last drought in 2002. Those plants are now running overtime becaus ...

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Quest for Oil Threatens Africa’s Oldest Wildlife Reserve

Quest for Oil Threatens Africa’s Oldest Wildlife Reserve

From Daily Times GOMA: The quest for oil may be the latest threat to Africa’s most venerable wildlife reserve, located in the Democratic Republic of Congo, and already hard hit by deforestation, poaching and armed conflict. Early in March, European Development Commissioner Andris Piebalgs warned that “with oil production there would be a major risk of pollution at this site, located near the sources of the ...

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Free Trade Agreement: Pakistan Ineligible for LNG Deal with US

Free Trade Agreement: Pakistan Ineligible for LNG Deal with US

From THE EXPRESS TRIBUNE By Zafar Bhutta  ISLAMABAD: In the absence of a free trade agreement with the United States, Pakistan cannot strike a liquefied natural gas (LNG) import deal with the world’s sole superpower, limiting Islamabad’s options on quenching its energy needs. According to sources, the revelation was made during a recent meeting in Washington between US State Department officials and a Pakis ...

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Big Oil Firms Crack the Whip over Service Companies

Big Oil Firms Crack the Whip over Service Companies

From REUTERS By Balazs Koranyi and Gwladys Fouche OSLO, March 26 (Reuters) - On a mission to crush costs, global oil firms are rewriting the rule book on how they deal with service companies. Energy companies have sharply cut spending plans after a decade of double-digit growth, saving cash for dividends as stagnating oil prices and cost increase on mega projects worldwide have squeezed margins and angered ...

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Japan Urges Canada’s British Columbia to Cut Tax Related to LNG Projects

Japan Urges Canada’s British Columbia to Cut Tax Related to LNG Projects

From PLATTS Japan's Ministry of Economy, Trade and Industry Monday urged the British Columbia government in Canada to cut the rate of taxes it is planning to impose on proposed LNG projects in the province, a METI source told Platts. During the second round of a high-level policy dialogue in Tokyo between the two sides, senior METI officials asked Steve Carr, deputy minister of BC's Ministry of Natural Gas ...

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Alaska Sues U.S. Over Refusal of Oil Exploration Plan

Alaska Sues U.S. Over Refusal of Oil Exploration Plan

From Bloomberg By Karen Gullo Alaska sued the Obama administration over its rejection of an oil and gas exploration plan for the Arctic National Wildlife Refuge as the state seeks to determine the extent of energy resources in the area. Alaska Governor Sean Parnell said exploration for the coastal plain of the wildlife area was mandated by a federal Alaska land conservation act. The U.S. Fish and Wildlife S ...

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Global LNG Spot Prices Decline

Global LNG Spot Prices Decline

From Arab News LONDON/SINGAPORE: Asian spot liquefied natural gas (LNG) fell last week as demand from Brazil's Petrobras slackened and top Japanese buyers switched to cheaper fuels and relied more on supplies under long-term deals. Prices for April delivery dropped to around $18.10 per million British thermal units (mmBtu) from $19.60 per mmBtu last week. Petrobras, a major Atlantic Basin LNG buyer in recen ...

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Australia’s LNG Exports Face Competition from U.S.

Australia’s LNG Exports Face Competition from U.S.

From UPI SYDNEY, Feb. 27 (UPI) -- The United States is emerging as a major competitor to Australia's gas export market, says a former U.S. Department of Energy official. Speaking at the Australian Domestic Gas conference Wednesday in Sydney, Randa Fahmy Hudome, who was appointed by President George W. Bush to serve as the U.S. associate deputy secretary of energy, said the United States viewed Asia as its b ...

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Natural Gas Slumps Most in Six Years on Milder Weather Forecast

Natural Gas Slumps Most in Six Years on Milder Weather Forecast

From Bloomberg By Christine Buurma Natural gas futures tumbled the most in six years in New York as meteorologists predicted milder weather that would reduce demand for the heating fuel after a polar blast this week. Gas slid 11 percent, the biggest drop since Aug. 20, 2007, after reaching a five-year high in intraday trading. A midday update to the National Weather Service’s Global Forecast System model sh ...

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