Posted April 4, 2018
Against the backdrop of the natural gas and oil industry’s focus on developing its workforce of the future, we’re excited to be a part of twin events emphasizing STEM this week and weekend in Washington, D.C. – the US News/STEM Solutions Workforce of Tomorrow conference and the USA Science & Engineering Festival – both at the Walter E. Washington Convention Center. Look for us at the Power Past Impossible and Energy Citizens booths in convention center’s expo hall.
Posted April 3, 2018
Ohio-based utility FirstEnergy’s efforts to land a bailout from consumers have crossed over from the problematic to the absurd.
With the Federal Energy Regulatory Commission (FERC) in January rejecting a bid to alter the electricity marketplace in ways that would favor some generating facilities over others, FirstEnergy last week launched an end-run around FERC, asking U.S. Energy Secretary Rick Perry to basically do what FERC wouldn’t do – bail out up to 85 generating units, all coal and nuclear – claiming there’s an emergency with the reliability of the electricity grid.To which the regional power grid operator, PJM Interconnection, quite accurately, responded: What emergency?
Posted April 2, 2018
The summer driving season is arriving, so it’s a good time to take stock of recent market dynamics that have raised per-barrel costs for crude oil and consequently gasoline and diesel fuel.Nationwide, the American Automobile Association (AAA) reports that average prices currently are $2.64 per gallon for gasoline (up from $2.54 a month ago) and $2.95 per gallon for diesel fuel (unchanged from last month). While there is nothing particularly special about these figures from an economic perspective, consumers take notice when fuel prices are on the rise. Let’s look at the factors that have affected pump prices in recent years.
Posted March 29, 2018
Recent analysis of the potential economic benefits of offshore natural gas and oil, finding that coastal states and the nation could see billions in annual industry spending, job creation and federal revenue sharing dollars over a 20-year period, has the attention of leaders in one of those key states – Virginia.
A group of 21 Virginia businesses, associations and other organizations have written to federal officials in support of opening more of the U.S. outer continental shelf (OCS) to safe development. The comments were filed with the Bureau of Ocean Energy Management (BOEM), which is putting together a new federal offshore leasing plan that will blueprint development from 2019-2024.
Posted March 29, 2018
Women continue to advance in the natural gas and oil industry. Yes, there’s more progress to be made – and it will be made – yet, it’s clear the old narrative that our industry remains the realm of men is just so yesterday – yesteryear, really.
This week Royal Dutch Shell announced former Maersk Oil CEO Gretchen Watkins will become president of its North American operations. Last week, Susan Dio was named chairwoman and president of BP America. There are other recent examples, including Julie Robertson, president and CEO of Noble Corporation and Vicki Hollub, president and CEO of Occidental Petroleum.
Posted March 27, 2018
The U.S. Energy Information Administration reports that the U.S. has become a net natural gas exporter for the first time since 1957 and that exports of liquefied natural gas (LNG) quadrupled in 2017 over 2016. Here's why these developments are important for the United States.
Posted March 26, 2018
Let’s correct a false narrative out there, that the Trump Administration is rolling back natural gas and oil regulation to benefit industry. A different view is that federal officials are deploying smarter, more efficient, more effective regulation of industry operations, onshore and offshore – which will work best to ensure the safe and well-managed energy development America needs for economic growth and national security, today and well into the future.By smart, efficient and effective regulation we mean clear, commonsense rules that take into account industry’s innovation, advanced technologies and experience, as well as its long, demonstrated commitment to establishing useful standards for operations, equipment and personnel. All of these have strengthened the culture of safety in our industry – particularly in its offshore activities.
Posted March 23, 2018
Safely tapping America’s offshore natural gas and oil reserves could provide billions of dollars for the economies of coastal states – a big reason why the needs and voices across entire states, not just their coastal areas, must be considered in the offshore energy conversation.
For example, federal revenue sharing could help transform state economies by sending billions in royalties, rentals and fees to state coffers. By putting revenue-sharing programs in place – like those already working for the states of Alabama, Louisiana, Mississippi and Texas – North and South Carolina, Virginia, Florida, Georgia and other states could benefit from offshore energy development.
Posted March 20, 2018
Through advanced technologies, innovative thinking and practices, the natural gas and oil industry is good at what it does, which is to safely supply the leading energy sources for the U.S. economy and Americans’ modern way of life.But here’s the thing: While technology and innovation certainly describe today’s natural gas and oil industry, they must be accompanied by things like accountability, attention to detail and old-fashioned hard work by the women and men who work in it.
Posted March 19, 2018
By now you may have seen our new ad, “Air Up Here,” highlighting the role natural gas has played in helping to lower U.S. carbon dioxide emissions to their lowest levels in nearly 25 years.
While the ad focuses on how the industry is helping reduce greenhouse gases in our air, you may not realize that every cut in the ad features consumer goods the industry makes possible or makes better. Take a look at the ad and see if you can identify all of the products – many of which you likely own – made from materials produced from natural gas and oil. Go ahead, we’ll wait.