The amount of private equity moving into the US oil and gas sector has risen dramatically over the past year, drawn by a long-term bet on rising commodity prices and heightened demand for energy infrastructure. This is according to PwC, the consultancy, which put out a report on US energy sector deals today.
While the lack of a coherent national energy policy is nothing new for the US, Standard & Poor’s Ratings Services says in a new report that Washington’s current inability to definitively establish long-lasting energy policies and regulations distinguishes today’s situation from earlier eras. Read more
Wikileaks has an impeccable sense of timing. As Hilary Clinton meets counterparts from Arctic nations in Greenland to talk about oil, the whistle blowing website publishes a raft of cables showing just how much international tension the country’s natural resources have provoked. Read more
Energy use in non-OECD Asia, led by China and India, is growing faster than anywhere else in the world – it will more than double between 1990 and 2035, according to a report by the US Energy Information Administration published in April. Read more
The Financial Times this week hosts guests writers and industry leaders who will debate the future of global energy after nuclear disaster in Japan and turmoil in the Middle East. Read more
In this week’s podcast: Anger over North Sea oil and gas hike; feed-in tariffs for solar; air passengers face higher prices from rising costs of jet fuel; and comments on Energy Source. Read more
Oil and gas operators in the North Sea have ramped up their lobbying efforts to persuade the government to reverse, or at least dilute, its tax hike on those companies to pay for the cut in fuel duty. Read more
The next three decades will be vital for the US energy sector. Decreasing reliance on fossil fuels, limiting emissions that cause global warming and lessening dependence of imported oil are all at the top of the Obama administration energy agenda. This graphic explores the various energy sources in the US, the leading companies and the most powerful policy makers. Read more
How much shale gas is there outside the US? It sounds like an impossibly large question, but it is one the US Energy Information Administration has attempted to answer in a new report, carried out by Advanced Resources International. Read more
ConocoPhillips’ shrink-to-grow strategy is doing more than benefitting the company and its shareholders. It turns out the architect of the programme, Jim Mulva, Conoco’s chief executive, got a 25 per cent increase in total compensation to $17.9m in 2010.