Investors’ growing reluctance to back big, complex projects is driving the energy industry to break up its infrastructure plans into smaller pieces, potentially putting new projects and technology development into the hands of many more players, energy executives said Thursday. More »
WTI rebounded last week after the EIA said crude inventories slid from 399.4 million barrels, the highest level since weekly reports were published in 1982. Supplies expanded by 912,000 barrels in the seven days ended May 9, according to the API, which collects information on a voluntary basis from operators of refineries, bulk terminals and pipelines.
New Mexico Gov. Susana Martinez applauded the company’s investment in the state.
Drivers will now be able to get up to $2,500 in incentives to help purchase alternative-fuel vehicles, the Texas Commission on Environmental Quality announced this week. More »
The bill imposes a 2.5-percent severance tax on horizontal wells, including those extracting resources through hydraulic fracturing. More »
U.S. crude for June delivery gained $1.11 to $101.70 a barrel. More »
A report by the Greater Houston Partnership and HSBC Bank says Houston may enjoy a 15 percent rise in exports, creating 55,000 new jobs. More »
The agency could require companies to give the government details on what’s being used to break apart shale rock and release trapped oil and gas, according to a notice today on Reginfo.gov. More »
U.S. crude for June delivery fell 51 cents to close at $100.26 a barrel. More »
Despite the enthusiasm surrounding natural gas discoveries off the coasts of Mozambique and Tanzania, more work must be done to figure out how, exactly, they’ll be monetized, an IHS consultant said Thursday. More »
As the country readies for a boom in exports of liquified natural gas, floating liquefaction facilities are poised to play a pivotal and growing role, industry officials said Wednesday at the Offshore Technology Conference. More »
The United States could lose its edge with Asian buyers of liquefied natural gas by 2020 as the gap between U.S. and Asian gas prices evaporates over the next few years, a Total executive said Wednesday. More »
U.S. crude for June delivery fell 28 cents to close at $99.48 a barrel. More »
Memorial Production Partners LP said Monday it inked a deal to buy oil producing properties in Wyoming for about $935 million. More »
Five Senate Democrats sent a letter to President Barack Obama on Friday pleading for the government to pick up the pace in vetting proposals to export natural gas. More »