LNG is a quickly growing energy commodity. Historically, much of this growth has been attributed to a combination of Middle Eastern and South American LNG exports to European and Asian markets. Recently, North America has witnessed rapid growth in facility construction with projects in Oregon, Texas, Washington, and British Columbia. While the number of LNG […]
Data management continues to be a challenge for the participants in the global energy and commodity industry. Microsoft conducted a survey interviewing 282 major IT decision-makers in 2013 and concluded that 49% of respondents rated managing data growth as “extremely challenging” when managing their companies’ business intelligence, 41% rating integrating disparate BI tools as “extremely […]
Businesses are overwhelmed by an ever-increasing volume of incoming data. As Foreign Affairs reports, “Today, there is enough information in the world to give every person alive 320 times as much of it as historians think was stored in the Library of Alexandria’s entire collection—an estimated 1,200 exabytes’ worth.”[1] With data collection and analysis becoming […]
Liquefied natural gas (LNG) is quickly becoming a major energy commodity in the global industry. According to the U.S. Energy Information Administration (EIA), world consumption of LNG was 120,017 billion cubic feet (Bcf) in 2012, with the trend increasing from 116,395 Bcf in 2011.[1] Canada has recently garnered the attention of LNG market observers, as […]
The Harper government’s June 17th approval for Enbridge’s construction of their Northern Gateway pipeline has been the centerpiece of Canadian political controversy in the past month. Analysts and investors are simultaneously rejoicing and lamenting the landmark decision as the energy industry turns its eye on Enbridge’s response to the approval. With 209 conditions prescribed by […]
The recent string of rebel takeovers in Iraq has affected not only the safety of its people but global energy markets as well. The last week of June 2014 marked a significant date for Brent-WTI spread pricing, as the Islamic State in Iraq and the Levant (ISIL) rebels took over Iraq’s largest oil refinery, Baiji. […]