Several of the Lower 48 United States, such as North Dakota, are in the midst of rapid oil sector growth. Meanwhile, oil output in Alaska – traditionally a producing state – is declining. And who owns the land could be a factor in that disparity. US oil production has grown rapidly over the past… Keep reading →
The Motley Fool has compiled a list of this year’s “Disturbing Energy Blunders”, which includes the train derailment in Quebec that killed dozens, as well as oil leaked form pipelines belonging to the country’s two largest oil and gas companies, ExxonMobil and Chevron. “The hope is that these big blunders will bring about more prudent… Keep reading →
It sounds counterintuitive, but Texas’ energy boom its taxing its energy capacity. “Many municipalities and businesses are bracing for big surcharges this year, after having been hit hard last summer, as energy use by oil drilling and production equipment outpaces the capacity of the region’s power grid.” [Wall Street Journal] India’s oil imports from Iran… Keep reading →
As the EPA’s Renewable Fuel Standard is discussed at hearings on Capital Hill this week, the two sides of the debate are taking to the airwaves to promote their agendas. The refiners and oil companies want RFS repealed because they say it’s broken and dangerous, while the renewable fuels folks say Big Oil is just… Keep reading →
By Javier E. David While some observers are warning that surging shale development and new natural gas discoveries could spawn a potential glut, most energy market watchers say strong demand makes natgas oversupply a remote prospect. Natural gas development is growing by leaps and bounds, especially in the United States. In the throes of what… Keep reading →
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 →
