At the IHS CERAWeek energy conference in Houston last week, BP CEO Robert Dudley made it clear that his company was exiting the solar business. BP has invested billions of dollars over several decades into solar research but has indicated that it hasn’t yielded much of a return. Dudley did however mention that this didn’t […]
Natural gas has been a hot topic on the news for reasons rather unorthodox—low prices and expectation of an overwhelming abundance of natural gas resulting from technological achievements in shale gas recovery (improved hydraulic fracturing and horizontal drilling). Fueled by the US government’s expectations of a supply of natural gas to last nearly 100 years, […]
Do you remember the time when the natural gas outlook, especially on the supply side, was, let’s say … a bit less surprising than now? Natural gas was a truly local commodity with well-defined storage capacity, transportation system and proven reserves. Do you remember when major disruptions arose from pipeline damages of different kinds and you were watching hurricanes developing in Atlantic?