Power & Energy Commodity News
US energy revolution gathers pace
Source: Financial Times, 17th May 2013
The growing role of the US in world energy markets was underlined on Friday as the Obama administration approved wider exports of liquefied natural gas and international companies committed billions of dollars for new infrastructure.
The developments were both consequences of the shale revolution in the US, in which improvements in the techniques of horizontal drilling and hydraulic fracturing, or “fracking”, have unlocked new supplies of oil and gas, and raised the prospect that the US will be an increasingly important supplier of energy to the rest of the world.
US fuels role in global energy markets
Source: Financial Times, 17th May 2013
Approval for Freeport LNG project in Texas, the first for two years, will allow it to export to countries that do not have a trade agreement with USBoost for US energy exports as LNG plant approved
Source: Financial Times, 17th May 2013
Approval for Freeport LNG project in Texas, the first for two years, will allow it to export to countries that do not have a trade agreement with USJapan buys into US shale gas boom
Source: Financial Times, 17th May 2013
Three Japanese groups and GDF Suez of France take stakes in a $10bn LNG export facility in LouisianaVedanta powered by oil and gas
Source: Financial Times, 16th May 2013
Low commodity prices pushed down earnings from its mining units in every category bar aluminium, leaving it reliant on $2.4bn in oil and gas ebitaHess strikes 11th-hour boardroom deal
Source: Financial Times, 16th May 2013
The agreement resolves one of the fiercest battles for corporate control in the US energy industry, which has seen a rising tide of investor activismHess strikes last minute boardroom deal
Source: Financial Times, 16th May 2013
The agreement resolves one of the fiercest battles for corporate control in the US energy industry, which has seen a rising tide of investor activismCFTC probe provokes bafflement and anger
Source: Financial Times, 16th May 2013
US commodity market watchdog wants energy and metals traders to prove their over-the-counter trades are not futures contracts masquerading as swaps.
The reaction in commodity markets has ranged from puzzlement to outrage. One reason is timing: the CFTC is probing a practice that all but disappeared last October when most over-the-counter energy swap contracts were relisted as futures at CME Group and IntercontinentalExchange.
Challenging domination of oil’s strong few
Source: Financial Times, 15th May 2013
Oil price reporting agencies reject comparisons with Libor, where sponsors mechanically accepted daily estimates from banksChallenging domination of oil’s powerful few
Source: Financial Times, 15th May 2013
Oil price reporting agencies reject comparisons with Libor, where sponsors mechanically accepted daily estimates from banksMore Articles...
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