Since the oil price collapse, global oil production has risen, not fallen. Since the fateful Nov. 27, 2014 OPEC meeting, aggregate production from the U.S., Saudi Arabia, and Iraq is up 2 MMbop/d – far more than demand.

November is also when the U.S. inadvertently became the swing oil producer. Prices have not yet fallen far enough or for long enough for an appreciable U.S. supply adjustment to occur. It may not be far off, especially if oil prices fall further with new Iranian supplies, says a study from IHS Energy that notes:

NiSource Inc. and Columbia Pipeline Group announced July 2 separation of the two companies was completed through a distribution of all the common stock of CPG held by NiSource to its shareholders.

NiSource, based in Merrillville, IN, is one of the largest natural gas utility companies in the United States with over 3.5 million customers in seven states under the Columbia Gas and NIPSCO brands. The company also provides electric distribution, generation and transmission services for 500,000 NIPSCO customers in northern Indiana.

Development of a clear climate framework and a global emissions target is essential if $48-53 trillion for a new sustainable energy infrastructure is to be delivered, according to a new report from the World Energy Council.

The findings are discussed in the fifth edition of the energy leaders’ dialogue series, the World Energy Trilemma Report, ‘Priority actions on climate change and how to balance the energy trilemma,’ released by the World Energy Council and project partner Oliver Wyman, along with the Global Risk Centre of its parent Marsh & McLennan Companies.

The federal Environmental Protection Agency on June 4 released a much-anticipated study of whether hydraulic fracturing contaminates drinking water supplies, concluding that while there have been some cases of contamination, the issue is not widespread.

The Obama administration announced a plan to cut methane emissions from pipeline operations but gave no specifics beyond the federal agencies which would handle rule-makings. The technical details of those rule-makings and the extent of the cut of methane emissions they seek to produce won't be known for some time.

WASHINGTON (AP) — An unusual coalition of Republican and Democratic lawmakers, labor and business leaders, veterans groups and Canada's ambassador to the United States joined forces Tuesday to push for quick approval of the Keystone XL oil pipeline.

LINCOLN, Neb. (AP) — With yet another obstacle removed for the Keystone XL pipeline, opponents were pressing forward with a lawsuit to challenge the project, public protests and an effort to inject the issue into the November elections.

WASHINGTON (AP) — A report issued by the State Department Friday raised no major environmental objections to the controversial Keystone XL oil pipeline from Canada. The 1,179-mile pipeline would travel through Montana and South Dakota to a hub in Nebraska, where it would connect with existing pipelines to carry more than 800,000 barrels of crude oil a day to refineries in Texas.

BP is selling its equity in the Central Area Transmission System (CATS) business in the UK North Sea to Antin Infrastructure Partners for $486 million. CATS can handle over 1.7 Bscf/d of natural gas and is considered one of the most significant events in UK’s natural gas industry. Operated by BP, CATS transports and processes gas for over 20 customers, including most major North Sea producers.

The Obama administration on May 7 granted final approval to a $3.8 billion natural gas export facility in Calvert County, MD – the first gas export site on the East Coast. Environmentalists sued within hours to stop the project.

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