French fracking ban should be eased to assess shale reserves
France’s ban on hydraulic fracturing should be eased to estimate the size of its shale oil and gas reserves, according to a parliamentary report. More »
Canada oil output will double by 2030, if pipelines built
Canada’s crude output will more than double to 6.7 million barrels a day by 2030, provided new pipelines such as Keystone XL are built to transport growing oil-sands production, an industry group representing the country’s petroleum producers said. More »
U.S. crude output exceeds imports for first time in 16 years
U.S. domestic crude-oil production exceeded imports last week for the first time in 16 years, a government report showed today. More »
Oil companies’ retreat from Poland shale gas could be mounting
Poland’s Cabinet Committee will tomorrow discuss a decree to ease rules that slow shale gas exploration as local media reported Chevron Corp. may join Exxon Mobil Corp. and Talisman Energy Inc. in leaving the nation. More »
Statoil delays Castberg oil project amid unexpected tax rise
Statoil ASA (STL) delayed the investment decision for the Johan Castberg oilfield in the Barents Sea amid uncertainty over costs and resources and after the government unexpectedly raised taxes on oil and gas producers. More »
French fracking ban endorsed on U.S. environmental repercussions
France’s ban on hydraulic fracturing should not be eased because the oil and gas drilling technique is causing “considerable” environmental damage in the U.S., according to a government minister. More »
Climate benefits from natural gas seen hinging on plugging leaks
Leaks in the production and delivery of natural gas threaten to undermine the benefits to the climate from expanded use of the fuel in manufacturing, transportation and appliances such as heaters, according to a report. More »
Google buys output from Swedish wind farm for Finnish servers
Google Inc. (GOOG), which has invested more than $1 billion in wind- and solar-energy projects, said it will buy the entire output of a new wind farm in Pajala, northern Sweden, to run its data center in Hamina, Finland. More »
Company sues ATP Oil & Gas for misrepresenting royalty interests
Executives at ATP Oil & Gas Corp. (ATPAQ), the bankrupt energy producer that was auctioned last month to lenders led by Credit Suisse Group AG (CSGN), were sued by Macquarie Investments LLC for about $32 million. More »
PDVSA secures $4 billion China loan
Chinese companies have accords with PDVSA that aim to increase their portion of Venezuela’s production to as much as 1 million barrels a day by the end of 2019.
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Oil traders cut bullish bets by most in six weeks
Hedge funds reduced bullish crude bets by the most in six weeks as futures started falling to a one-month low on concern that production gains in the U.S. and Middle East will outpace demand. More »
Reliance sees payoff in U.S. gas as India output slumps
Reliance Industries Ltd. (RIL), owned by Mukesh Ambani the world’s richest energy billionaire, spent the last three years wagering $5.7 billion on North American shale oil and gas. That may now be paying off as earnings from U.S. output eclipses those in India for the first time. More »
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