America’s status as the world’s leading producer of oil and natural gas is delivering major benefits to U.S. families and businesses. Production increases have ensured a stable supply of affordable, reliable energy, helping drive down prices for gasoline, electricity and home heating. Carbon emissions have also dropped – to near 20-year lows – thanks to… Keep reading →
The central United States has undergone a dramatic increase in seismicity over the past 6 years. From 1973-2008, there was an average of 24 earthquakes of magnitude 3 and larger per year. From 2009-2014, the rate steadily increased, averaging 193 per year and peaking in 2014 with 688 earthquakes. So far in 2015, there have… Keep reading →
Widely divergent views were on display this morning with Continental Resources’ CEO Harold Hamm promoting US crude oil exports, EIA Chief Adam Sieminski discussing recent oil market lessons and Author Bill Powers playing the pessimist. A morning panel at the Financial Times’ Energy Strategies Summit held in New York City featured a discussion about the… Keep reading →
The Welsh parliament voted against the use of shale gas fracking in Wales, signaling a discontent within U.K. parliaments over proposed shale gas development. “A proposal against shale gas fracking was voted through in the Welsh Assembly late on Wednesday, effectively making it impossible for shale gas developments to receive planning permits in Wales. Environmentalists,… Keep reading →
The US and China agreed to jointly cut carbon emissions in order to combat climate change, a historic pact that has many excited and many outraged. But China’s commitment to cap greenhouse gas emissions by 2030 means the country will need to build out power generation infrastructure in unprecedented ways. “That means building even more nuclear… Keep reading →
Saudi Arabia’s oil minister Ali al-Naimi has not spoken publically since September 11, but when he broke his silence today, the market was left with little evidence regarding Saudi oil policy going forward. Al-Naimi did take the opportunity to shoot down speculation that Opec members were in the midst of a price war. The price… Keep reading →
US military veterans are often a great fit for oil & gas industry jobs and Pennsylvania has developed numerous programs to help make that connection. “The traits that the military imparts on the men and women — loyalty, courage, safety, commitment, leadership, teamwork — are all valued by employers in this industry,” said Dave Pistner,… Keep reading →
The low-hanging fruit with regard to US shale resources may already be spoken for and the majors who came late to the game could be turning back to the large offshore conventional projects they know and execute efficiently. “Rather than continue in shale, which is likely to become a more expensive venture, large production companies… Keep reading →
Energy industry stakeholders from across the globe are preparing to descend on New York City for New York Energy Week – the innovative event series launched by Energy Solutions Forum – and the mix of diverse participants brings a breath of fresh air to the energy conference format. Participants include representatives from the environmental community,… Keep reading →
Probably nowhere is the economic impact of shale energy development more dramatic than in the contrast between two neighboring states – Pennsylvania and New York. The former allows hydraulic fracturing in the energy-rich Marcellus shale belt that runs through much of the state, the latter doesn’t – even though the Marcellus continues into the Empire… Keep reading →
