January 2017

Is the fate of the American economy riding on Rick Perry?

Markham on Energy

As US shifts from fossil fuels to renewable energy and electrifies transportation, battery storage becomes critical to economic competitiveness If Rick Perry survives the nomination process to become energy secretary in the Donald Trump Administration, he will become a key player in the evolution of the American economy over the next four or eight years. A heady position […]

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Mine cleanup concerns lead objections to Peabody Energy bankruptcy plan

News

Peabody Energy holds self-bonds in Wyoming, New Mexico, Indiana, Illinois CHICAGO, Jan 23 (Reuters) – Indiana and several environmental groups are objecting to a plan by Peabody Energy Corp to exit its $8 billion Chapter 11 bankruptcy, citing concerns over how the company will cover about $1 billion in future mine cleanup costs. Most creditors

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Court revives investor suit vs Energy Transfer Partners over $11 billion pipeline deal

News

Regency shareholders allege they were not properly informed prior to Energy Transfer Partners buyout By Tom Hals WILMINGTON, Del., Jan 23 (Reuters) – A Delaware court revived an investor lawsuit against Energy Transfer Partners over its $11 billion acquisition of Regency Energy Partners in a case focused on protections for investors in master limited partnerships.

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Russia beats Saudi Arabia as China’s top crude oil supplier in 2016

News

Russia 2016 supplies up 24 per cent over 2015 By Chen Aizhu and Meng Meng BEIJING, Jan 23 (Reuters) – Russia overtook Saudi Arabia in 2016 to became China’s biggest crude oil supplier for the first year ever, customs data showed on Monday, boosted by robust demand from independent Chinese “teapot” refineries. Russian shipments surged nearly

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US$40 billion of opportunities in Asia-Pacific upstream M&A in 2017

News

Gas demand from emerging markets in Asia-Pacific will have significant opportunities for LNG demand growth Asia-Pacific’s upstream sector holds up to US$40 billion worth of opportunities in 2017 as oil majors continue to divest mature and mid-life assets in the region, according to a research by Wood Mackenzie. BP, Chevron and other majors have divested tail-end

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