The future of Alaska’s abundant natural gas reserves has hung in the balance for decades, with much disagreement over how to maximize value for the disparate stakeholders and minimize negative environmental impacts associated with developing the gas. However, the US energy picture has been radically redrawn in recent years, finally putting a potential solution within… Keep reading →
Oilfield service companies are being told to prepare for a ramp-up in natural gas drilling next year as the outlook for prices continues to improve, according to Barclays Oil Services and Drilling analyst James West. West presented the results of a semiannual survey of more than 300 oil and gas companies’ budgeted global upstream capital… Keep reading →
By Javier E David In a country where oil wealth has typically been controlled up by oil companies, the concept of the U.S. harnessing its energy boom to shore up its frayed public finances may be hard to conceive. Although state control of natural resources tends to evoke images of authoritarian countries like Venezuela or… Keep reading →
Oil companies love to say that their ownership is the average American retiree, and utilities can often claim the same. Look at your retirement account or, should you be so lucky as to have one, your company’s pension plan. Odds are that it is heavily invested in the US energy sector. Shifts in the parameters… Keep reading →
US natural gas markets surprised ExxonMobil by overperforming on output and underperforming on price, pushing back the expected payoff from the company’s $41 billion deal to buy gas producer XTO Energy. ExxonMobil’s acquisition of XTO, completed in June 2010, proved somewhat ill-timed. It saddled the major with a major North American natural gas producer almost… Keep reading →
ExxonMobil Chief Executive Rex Tillerson acknowledged the risks posed by climate change at the company’s annual meeting on May 29, but he stressed that the real-world consequences of rising atmospheric carbon dioxide levels remain unknown. “We view climate change as a serious issue, it does present serious risk,” Tillerson told shareholders. But he cast doubt… Keep reading →
Saudi oil output hit a record 9.51 million barrels per day in 2012, when the country lifted output to offset the impact of supply disruptions in Libya and a 1 July EU embargo on Iranian crude shipments. Saudi Arabia exported about 6.9 million bbls/d of oil last year, of which more than 50% went to… Keep reading →
North America has seen its share of oil spills of late, including an ExxonMobil pipeline leak in Arkansas and a Chevron diesel pipeline leak in Utah, both within the first few months of the year. Canadian Pacific Railway is keeping the trend going. A Canadian Pacific-operated train carrying crude oil from Saskatchewan derailed on Tuesday,… Keep reading →
Cost estimates for various methods of wastewater disposal and recycling vary, depending on both the reservoir in question, and the information source. A seven-well recycling and reuse program using electrocoagulation in Eddy County, New Mexico, substituted over 8 million gallons of produced water for fresh water, and saved $70,000-$100,000 per well in water management costs, according… Keep reading →
Turkey’s state-run oil firm has struck an agreement with U.S. oil giant Exxon Mobil Corp. (XOM) to develop joint projects in Kurdish-administered northern Iraq, the country’s Prime Minister Recep Tayyip Erdogan said Tuesday. Mr. Erdogan also said that Turkey can pursue separate arrangements with the Erbil-based Kurdistan Regional Government, or KRG. “Countries from various parts… Keep reading →
Jared Anderson
Conway Irwin
Peter Gardett