It is likely that any further production cuts by OPEC and Russia to maintain prices will be harder to implement if all it does is boost American oil producer’s profit margins and encourage greater investment in well drilling and completions.
With gas having overtaken coal in the power segment, along with burgeoning supplies of oil, producers need new pipelines to carry the growing surplus to the coast for export to markets in Asia, Europe and Mexico. In this scenario, oil and gas producers, pipeline investors and operators are confident North America can rely on growing demand from Asian markets in the coming years.
Owing to a combination of legal and policy restraints, as well as vociferous environmental objections, it is becoming increasingly difficult to gain approval from both federal and state bodies for new gas pipeline construction. For example, California, Washington and New England have proactive energy and environmental policies to encourage renewables, energy efficiency and energy storage, all at the expense of fossil fuels including natural gas generation.
Here is a list of some of the work Nicholas Newman has done in various formats including blogs, editorials, comment, columns and features completed for various clients in the month of June.
Technological change and consumer behaviour are driving retailers to introduce on-site power generation to control bills, and improve their heating, cooling, lighting and air quality, reports Nick Newman.