Men working oil

A proposal under review at the Bureau of Land Management to bring thousands more oil and gas wells to a region of Utah already struggling with unhealthy air could cause more pollution and more waste. The Greater Chapita Wells Project Area is slated to bring nearly 3,000 new wells to the state’s Uintah basin –… Keep reading →

Dow Jones Industrial Average Closes At Record High

US independent EOG has urged its stakeholders to reject a share purchase offer by TRC Capital, which has made a name for itself – not necessarily a good one – for its unsolicited “mini-tender” bids in a range of industries, including energy. EOG is the latest in a laundry list of large energy companies that… Keep reading →

High Oil Prices Continue To Drive Gas Prices Steadily Upwards

The development of unconventional oil resources outside the US frequently features in lists of events that could dramatically alter the global energy picture. But international development of unconventional resources of all kinds has been stymied by a range of above-ground factors, and EOG Resources does not expect their development to impact global markets for at… Keep reading →

Stocks End Day Flat, As EU Bailout Plan Continues To Affect Markets

“There has rarely been a more compelling time to invest in energy,” said Barclays analysts in their latest Global Energy Outlook, released this morning. Here are four key takeaways: Oil price risk has swung from downside to upside, thanks to geopolitical risk.  Geopolitical risk has supplanted US production growth as the big global story in… Keep reading →

Established LNG project operator Chevron bought out two minority stakeholders in the Kitimat LNG export project located in British Columbia, Canada in a deal announced on Christmas Eve.

Chevron’s financial strength, LNG operational experience and marketing expertise could help the project reach important sales and purchase offtake agreements with buyers. Keep reading →