Oil

With AFP Story by Veronique DUPONT: US-E

Marcellus Gas Production Anticipated to Increase, Lead the Nation in November: The State Journal (West Virginia): The U.S. Energy Information Administration’s Drilling Productivity Report, released Oct. 14, revealed that the Marcellus Shale play is anticipated to produce more gas than other reported regions in November. The Marcellus region is expected to produce 16,045 million cubic feet of… Keep reading →

Fracking In California Under Spotlight As Some Local Municipalities Issue Bans

 Alarmist media reports regarding oil’s foray into bear market territory could easily leave you thinking the oil industry is gasping its last breath. It certainly is not, as companies involved in the global oil complex are accustomed to commodity price volatility and most have experienced similar, if not worse, market corrections. In fact, over the… Keep reading →

eia crude price

A mixture of supply/demand fundamentals and economic indicators are pushing down prices for global benchmark crude grade Brent. The EIA concisely describes current global crude oil market dynamics in its Today in Energy brief. [EIA] Oil market observers are buzzing with theories seeking to explain why Saudi Arabia cut official selling prices for its crude… Keep reading →

High Gas Prices Prompt Bush's Decision To Lift Ban On Offshore Oil Drilling

Democratic Senator Dianne Feinstein penned a letter to Transportation Secretary Anthony Foxx this week urging the need for stricter oil tank car regulations, an issue some business have been pushing back against. Production from unconventional resource plays has overwhelmed existing oil transportation infrastructure – particularly pipelines – forcing producers to use railroads to get their… Keep reading →

One World Trade Center Deemed Tallest Building In North America

New York City Mayor Bill de Blasio announced a new program designed to reduce energy consumption in buildings as part of the city’s greenhouse gas reduction goal. The program called NYC Built to Last is modelled after the NYC Clean Heat initiative that cut soot pollution from heating oil by 50 percent. “Representing three quarters… Keep reading →

Oil Boom Shifts The Landscape Of Rural North Dakota

Continental Resources, one of the largest Bakken Shale producers, announced some good and bad news to investors yesterday – a new oil discovery (good) but increased capital expenditure guidance (bad). The company announced a new oil discovery in the South-Central Oklahoma Oil Province (SCOOP) where it also said “net unrisked resource potential has increased to… Keep reading →

Cattle Return From Alpine Summer Grazing

Argentina needs foreign technical and financial assistance to tap its considerable shale resources. Unable to access international debt and capital markets after a recent default, the country is restructuring legislation to make investment opportunities more attractive to international oil companies. [Reuters] Global accounting firm Ernst & Young released its latest quarterly Renewable Energy Country Attractiveness… Keep reading →

Northeast Debates Benefits And Dangers Of Hydrofracking

On September 12 World Resources Institute had an event to unveil their new report on the fresh water impacts of shale gas development. The WRI report examines the availability of freshwater across shale plays globally. Shale resources of natural gas, natural gas liquids and tight oil are extracted using hydrofracking techniques that require substantial quantities… Keep reading →

Oil Fields In Northern Iraq Try To Reach Maximum Production capacity.

Deemed one of the most-well-funded terrorist networks, the Islamist State in Syria and Iraq is reportedly making millions of dollars daily from smuggling, stealing, refining and selling oil. Completely shutting down their vast operation appears unlikely according to expert consensus. “When Islamic State fighters stormed across the Syrian border into Iraq and seized Mosul, a… Keep reading →

Spanish Crisis Closes The Door Industry

What does the term “fracking” mean to you? Chances are there are numerous answers to that question because the term has vaulted into US vernacular and political debates virtually overnight, along with the astonishing domestic oil and gas production increases to which hydraulic fracturing is directly related. Fracking is a fairly complex hydrocarbon well-completion technology… Keep reading →

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