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US natural gas output will set a record this year

U.S. natural gas output will reach 73 billion cubic feet a day for the first time this year as new pipelines tap into shale supplies stranded in the Marcellus formation in the Northeast, a new government report shows.  More »

Poll: Americans would pay more for energy to curb climate change

By an almost two-to-one margin, 62 percent to 33 percent, Americans say they would pay more for energy if it would mean a reduction in pollution from carbon emissions, according to the Bloomberg National Poll.  More »

Google planning energy push with technology for power companies

Google, a big consumer of electricity for the computer servers that power its services, is looking at ways to transform the century-old utility industry, which has been struggling to adapt to changing demands for power management and production.  More »

OPEC retains output target amid satisfaction with price

OPEC, which supplies about 40 percent of the world’s crude, kept its production target unchanged at 30 million barrels a day, a decision that was widely anticipated.  More »

Buffett to expand energy wager ‘as far as the eye can see’

Berkshire Hathaway Inc., which has struck deals to expand its utility business in Nevada and Western Canada, plans more investment in the industry, in part by betting on renewable power, Chairman Warren Buffett said.  More »

Norway’s oil lobby told age of no state interference is over

Producers in western Europe’s biggest oil and gas exporter must brace themselves for a new legislative age that will disrupt the status quo, according to Norway’s Green Party.  More »

Germany CEOs lament lost innovation amid fracking angst

The country that invented the modern car and X-ray technology is adding fracking to the list of innovations it’s wary of.  More »

Buffett ready to double $15B solar, wind bet

Warren Buffett briefly lost track of how many billions of dollars his Berkshire Hathaway Inc. is spending to build wind and solar power in the U.S. That didn’t stop him from vowing to double the outlay.  More »

IEA cuts gas use growth forecast as coal, renewables gain

Global natural gas demand will increase at a slower rate than previously expected through 2019 amid weaker economic growth and competition from coal and renewables, according to the International Energy Agency.  More »

UN: Oil search in Northern Somalia risks stoking tension

Two semi-autonomous areas of northern Somalia have largely avoided the violence that’s plagued the rest of the country for decades. Now oil exploration may change that, according to the United Nations.  More »

Shell launching search for new chairman

Royal Dutch Shell Plc, Europe’s largest oil company, has started a search for a new chairman because Jorma Ollila is approaching nine years on the board, the maximum recommended for non-executives in the U.K., a person familiar with the process said.  More »

Transocean CEO: Rig supply outpacing drilling demand (video)

Steven Newman, chief executive officer for Transocean Ltd., talks about the outlook for oil rig demand and oil exploration. Newman also discusses the impact of activist shareholder Carl Icahn on the company.  More »
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