The energy industry is an exciting marketplace. It is currently experiencing a revolution, especially in the US. Decades-long trends of rising consumption, declining production, and increasing imports for oil and natural gas are being reversed. The heightened environmental concern about greenhouse gases created an urgency to develop alternative energy solutions. There are many market dynamics and investment opportunities within the energy sector that are unique and not well understood by the wider investment communities.
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Today in Energy
1 - Oil prices drive projected enhanced oil recovery using carbon dioxide
Short, timely articles with graphics on energy facts, issues, and trends.
2 - As cash flow flattens, major energy companies increase debt, sell assets
3 - Natural gas injection season continues on pace for record refill
4 - Biofuels are included in latest U.S. Navy fuel procurement
5 - U.S. petroleum refineries running at record levels
In the 2014 Annual Energy Outlook (AEO2014), EIA projects that the price of oil will largely determine whether to use carbon dioxide (CO2) enhanced oil recovery (EOR) technologies to extract additional crude oil from existing producing fields.
Cash from operations for major energy companies has flattened in line with flat crude oil prices, which have had the lowest price volatility in years. Based on data compiled from quarterly reports, for the year ending March 31, 2014, cash from operations for 127 major oil and gas companies totaled $568 billion and major uses of cash totaled $677 billion, a difference of almost $110 billion.
Nearly midway through the summer storage injection season, working gas in storage is on pace to meet EIA's expectations for a record overall build. The current Short-Term Energy Outlook projects a record build of close to 2,600 billion cubic feet (Bcf) from the beginning of April through the end of October, which would put inventories at 3,431 Bcf at the end of October.
Recently the Department of Defense (DoD) released its annual procurement for bulk fuels to be delivered to its facilities in the eastern and inland United States and Gulf Coast. For the first time, this procurement requests military-specification diesel fuel and jet fuel that are blended with biofuels. The biofuels components, however, are optional and will only be accepted if certain cost and performance requirements are met. A similar procurement for the Rocky Mountain and West Coast regions is expected to be released later this year.
U.S. refineries have been processing record volumes of oil recently. Refinery inputs hit a record-high 16.8 million barrels per day in each of the past two weeks. Refineries in the Midwest and Gulf Coast in particular pushed the total U.S. input volume upward, as these refiners' access to lower-cost crude oil, expansions of refining capacity, and increases in both domestic demand and exports contributed to higher refinery runs.
Oil and Gas
1 - Total curbs Russia investment after MH17 downing
Latest news on oil prices, fracking, drilling, refining, and processing for gas.
2 - US puts hold on some oil exports for now: Sources
3 - US gas prices tumble on back of refinery cuts
4 - Fire burns at huge Libyan oil depot amid clashes
5 - Russia ordered to pay $50B to Yukos shareholders
6 - US oil's new 'Big Three' form million barrel club
7 - This surprising asset may become a new safe haven
8 - Shale upstarts merge in long shadow of Big Oil
9 - Morgan CFO: Rosneft deal unmoved by US sanctions
10 - Nat gas is cheap, and you can thank the weather
11 - China studies floating gas plants for South China Sea
12 - Texas judge upholds $3 million fracking verdict
13 - Oil losing geopolitical premium, speculative money flees
14 - US oil cracks $100; oversupply fears mount
15 - KKR buys into money-minting energy hedge fund
16 - Why you're paying less at the pump these days
17 - Whiting, Kodiak create Bakken shale powerhouse
18 - US oil output booms—now refiners have to catch up
19 - Buy this oil stock on a pullback, says Cramer
20 - Gasoline reserve to be ready for hurricane season
21 - Nat gas projects reveal big bets on stable prices
22 - Saudi America? Close...but no cigar: Analysts
23 - Workers at large firms can expect 3% raises
24 - After Borat: Kazakhstan sets its sights on America
25 - Will higher oil prices be a risk for China?
26 - US oil ends over $103; Libya ramps up exports
27 - Iraq is aflame, oil prices aren't—not yet anyway
28 - Gas shortage ‘key risk’ for eastern Europe
29 - Study links quakes to water dumping—not fracking
30 - Fuel fight: Where Americans fill their gas tanks
Total stopped buying shares in Russia's Novatek the day of the downing of a Malaysia Airlines flight over Ukraine.
The Commerce Department has put on hold several requests to sell crude abroad, sources said.
The average U.S. price for gasoline is now about 10 cents lower than a year ago. The drop came despite a rise in crude prices.
Libya appeals for help after a huge oil depot caught fire amid clashes over the country's international airport in Tripoli.
A Hague court ruled that Russia must pay a group of shareholders in defunct oil giant Yukos around $50 billion for expropriating its assets.
Move over ExxonMobil, Chevron and ConocoPhillips – there's a new "Big Three" in the U.S. energy sector.
The U.S.—and by extension the global economy—might have a new safe haven asset.
U.S. shale players are pursuing big deals. Will they wind up the same as Big Oil's disappointing mergers?
Morgan Stanley CFO does not believe new sanctions on Rosneft will affect a pending deal between the two companies.
What does cooler-than-expected weather mean for the futures market? Cheaper natural gas, for one thing.
CNOOC is looking at building a multi-billion-dollar floating liquefied natural gas vessel to produce gas from the South China Sea.
A Texas judge upheld a $3 million verdict in favor of a family who claimed that oil and gas drilling near their land made them sick.
Global oil prices fell on reports of improving Libyan oil output and are now about 10 percent off the highs reached last month.
Brent crude slipped towards $106 a barrel on Tuesday, as worries over Middle East and North Africa tensions eased.
Private equity firm KKR continues to expand its offerings, this time buying a stake in hedge fund firm BlackGold.
Average gas price prices fell over the past three weeks in reaction to declining costs of crude oil, according to the Lundberg survey released.
Whiting Petroleum will buy Kodiak Oil & Gas, creating a major player in North Dakota's shale country
The U.S. is swimming in oil and gas, but refiners are struggling to capitalize on it all.
An enterprising CEO at this oil and gas company makes its stock very attractive if it falls from current levels, says Jim Cramer.
The government will have its planned gasoline stockpile in time to respond to possible supply disruptions at the height of the hurricane season.
Natural gas consumption could jump over the next five years—if prices remain steady, according to Oilprice.com.
The U.S. is producing vast amounts of oil—but isn't quite in Saudi Arabia's league just yet, according to experts.
US workers at large companies can expect median base salary increases of 3% next year, USA Today reports.
For those interested in putting money into the oil-rich nation, a new directive has made it more appealing.
As the world's second largest importer of oil, higher oil prices could threaten China's economic growth, analysts have said.
Brent crude prices hovered near a three-week low on Monday.
Oil has been surprisingly calm in the face of Iraq's turmoil--at least thus far, USA Today reports.
Overreliance on Russian gas leaves Europe vulnerable if the Ukraine conflict escalates, analysts warned.
Four small wells may be the cause of a big share of earthquakes that have cast a pall over the fracking industry.
More Americans are fueling up at supermarkets and warehouse clubs instead of traditional service stations.