All posts by Irina Slav

A Major Existential Threat Is Arising For Natural Gas

Two recent explosions at hydrogen fueling stations may have soured the fuel’s reputation, but there is increasingly optimistic sentiment for it, with two reports last week claiming it will have an important role to play in the energy mix of tomorrow. One of these, led by the UK Institution of Engineering and Technology, said hydrogen could come to replace natural gas as a fuel for heating in the country. “We are now in a position to seriously consider the viability of using hydrogen in the UK’s gas grid for use by homes and businesses…

Saudi Crown Prince: Aramco Going Ahead As Planned

It has been a while since the last assurance from a senior Saudi official that the initial public offering of oil giant Aramco is going ahead as planned, and this time the assurance comes from the top: Crown Prince Mohammed himself told Saudi daily Asharq Al Awsat that the IPO is on track for 2020 or 2021, depending on market conditions, The National reports. Ahead of that, in August this year, the company would hold its first earnings call. The listing of 5 percent in Aramco, which last year emerged as the world’s most profitable company…

Tesla Gigafactory 3 Is Being Built At ‘Incredible Speed’

Tesla’s third Gigafactory, one that will provide it with a way around Chinese tariffs on U.S. goods, is being built “at an incredible speed,” writes Electrek’s Fred Lambert. The Gigafactory 3 is located in Shanghai and it will be the first EV factory in China to be wholly owned by a foreign company. Getting it ready is crucial for Tesla as it seeks to expand into the world’s largest car market in general and the EV market in particular amid the continuing trade rout between Beijing and Washington. It is also Tesla’s…

Tesla Gigafactory 3 Is Being Built At ‘Incredible Speed’

Tesla’s third Gigafactory, one that will provide it with a way around Chinese tariffs on U.S. goods, is being built “at an incredible speed,” writes Electrek’s Fred Lambert. The Gigafactory 3 is located in Shanghai and it will be the first EV factory in China to be wholly owned by a foreign company. Getting it ready is crucial for Tesla as it seeks to expand into the world’s largest car market in general and the EV market in particular amid the continuing trade rout between Beijing and Washington. It is also Tesla’s…

Pompeo Makes Hard Claim: Strait Of Hormuz Will Remain Open

The Strait of Hormuz will remain open for all vessels, the U.S. Secretary of State Mike Pompeo told CBS in an interview this Sunday, adding that Washington was considering its options on the evidently firm belief that Iran was behind the attacks on two tankers that stole headlines last week. The Strait of Hormuz is the biggest oil chokepoint in the world, with millions of barrels of oil passing it daily, in addition to other cargos. As tensions between the U.S. and Iran have deepened since the re-imposition of sanctions against Iran, Tehran has…

Canada Government Set to Approve Trans Mountain Expansion

The federal government of Canada is set to approve the highly controversial Trans Mountain pipeline expansion project this week, unnamed sources have told Reuters. The project, which would boost the current capacity of the Trans Mountain pipeline from Alberta to the coast of British Columbia three times, to 890,000 bpd, pitted against each other Canada’s oil heartland Alberta and neighbor B.C. whose government is strongly opposed to new oil projects. Ottawa bought Trans Mountain Pipeline (TMP), the Trans Mountain Expansion Project (TMEP),…

Canada Government Set to Approve Trans Mountain Expansion

The federal government of Canada is set to approve the highly controversial Trans Mountain pipeline expansion project this week, unnamed sources have told Reuters. The project, which would boost the current capacity of the Trans Mountain pipeline from Alberta to the coast of British Columbia three times, to 890,000 bpd, pitted against each other Canada’s oil heartland Alberta and neighbor B.C. whose government is strongly opposed to new oil projects. Ottawa bought Trans Mountain Pipeline (TMP), the Trans Mountain Expansion Project (TMEP),…

Why The Oklahoma Shale Boom Isn’t Taking Off

Just three years ago it was the new hot spot in U.S. shale, the “Permian Jr.”, and the place where many pinned their hopes for the next oil boom. Now, oil and gas companies are curbing their operations in the STACK/SCOOP plays in Oklahoma, some are selling, and there is little evidence of the enthusiasm from three years ago. The low cost of production and high yields were among the factors that drove the rush to the STACK (Sooner Trend, Anadarko, Canadian, and Kingfisher) and SCOOP (South Central Oklahoma Oil Province) plays. Devon,…

Trade Deal Could Lead To U.S. LNG Breakthrough

Growing U.S. liquefied natural gas (LNG) supply could find its perfect demand match in China’s soaring LNG demand and imports. If it weren’t for the U.S.-China trade war, that is. I  Just a year ago, American LNG exports to the fastest-growing demand market, China, were rising and on track for further growth for years to come. Then the trade war began, China slapped a 10-percent tariff on American LNG, and U.S. gas exports to the Chinese market began flowing in fits and starts. A trade deal between the world’s two largest…

Midwest Senators Push To Reform Biofuel Waivers Program

A Republican and a Democrat Senators from farm states have introduced a bill to tweak the biofuel waivers program and increase its transparency in a bid to help ethanol demand and producers who, they say, are currently disadvantaged at the expense of oil refiners who are being granted waivers from blending biofuels in gasoline.    Under the federal Renewable Fuel Standard (RFS), oil refiners are required to blend growing amounts of renewable fuels into gasoline and diesel. Refiners that don’t have the infrastructure to blend biofuels…