The country could hold as much as 42 trillion cubic feet (1.2 trillion cubic meters) of shale gas, the third largest reserve in Europe, according to the U.S. Energy Information Administration estimate from 2011 More »
The complex is a joint venture between Libya’s National Oil Corp. and Italian oil firm Eni SpA. More »
They say a facility that will liquefy gas for export to European and Asian markets will be their top priority as they try to turn a profit on any newfound offshore deposits. More »
The LNG export projects that federal regulators are considering far exceed the capacity that North America is expected to export, said Robert Stibolt, a senior managing director at broker dealer Galway Group, during an industry conference Wednesday. More »
Drillers planning hydraulic fracturing and other activities that may prompt community opposition can benefit from up-front disclosure of their plans, panelists said at a Houston conference. More »
The Coast Guard is seeking public comments . More »
Encana will close its office in Plano, Texas, and spin off a large portion of its Alberta assets into a new public company.
U.S. District Judge Williams Smith was forced to resentence Southern Union Co. after the U.S. Supreme Court struck down his original penalty of $18 million. More »
Oil companies are rapidly cutting their costs as they produce at higher rates in the United States, with output likely to continue growing as long as oil prices stay above $40 a barrel. More »
The Ukrainian government signed a production-sharing agreement with Chevron for extraction of shale gas in the Oleske field, Energy Minister Eduard Stavytskyi said today at a press conference in Kiev. More »
When the newly widened Panama Canal opens in 2015, it will handle an estimated 12 million metric tons of liquefied natural gas annually, a cargo planners didn’t even envision when starting the $5.25 billion expansion in 2007.
Lawyers say dozens of western North Dakota mineral owners have expressed interest in joining lawsuits seeking damages from oil drilling companies for natural gas that is lost when it is burned instead of being captured as a byproduct of oil production. More »