Tag: gas

Rig count falls as oil prices continue slide

A new report showed that producers had slowed the pace of drilling for oil as the commodity fell further fell further $60 per barrel on Friday.  More »

Oil prices not hitting petrochemical plant expansions

The same drilling bonanza that bestowed the chemical industry with cheap feedstock also flooded the world market with oil and gas at a time when the global demand for such products has started to flatten.  More »

McClendon venture raises $500 million for mineral rights

McClendon doesn’t appear to be slowing down his new venture even as oil prices have sunk below $75 a barrel.  More »

Former NSA chief: Congress must pass cyber laws to protect energy, finance

More than half of the 200 or so cyber-attacks reported to the Department of Homeland Security’s industrial control systems emergency response team have targeted energy companies, and and economic espionage cases have more than doubled in the last 18 months.  More »

Ukraine, Moscow clinch deal on Russian natural gas supply

Moscow and Kiev on Thursday clinched a multi-billion dollar deal that will guarantee that Russian gas exports flow into Ukraine and beyond to the European Union throughout the winter despite their intense rivalry over the fighting in eastern Ukraine.  More »

Who sets gas prices? Look to London, not US, report says

The government’s top energy analysts weighed into the debate on exporting crude Thursday, releasing a study asserting that the cost of gasoline inside the United States is closely tied to the price of international crudes, not domestic oil.  More »

Blackfeet urge government to cancel energy leases

Blackfoot tribal leaders from Canada and Montana are calling on the U.S. government to cancel oil and gas leases on sacred land near Glacier National Park, as a lawsuit works its way through the federal courts.  More »

Shell makes deepwater gas discovery in Gabon

Royal Dutch Shell today announced a discover off the coast of Gabon but says it will need to conduct further analysis to determine just go much gas is present.  More »

Government lags in measuring gush of U.S. crude

The federal Energy Information Administration relies on state agencies for data about oil production, sometimes two years late. For natural gas, the EIA is collecting data from an outdated survey of producers in five states that was designed before technological advancements opened up new plays across the country.  More »

Guest Commentary: Anticipating the risks of oil and gas trucking

More shippers are exploring trucking as a way to move their products to diverse markets, but risk of spills are high.  More »

Eagle Ford expected to hit 1.6 million barrels next month

The Eagle Ford Shale is expected to make 1.61 million barrels of oil per day in November, up 42 percent from the year before, according to a new government report. The field is making around 1.58 million barrels of oil daily this month, according to the U.S. Energy Information Administration.  More »

West Virginia opens bids on drilling under Ohio River

Noble Energy, Gastar Exploration and Statoil submitted bids with 20 percent royalty rates. State officials plan to pick winners in the next week or two.  More »

China rig finds gas after Vietnam sea standoff

The discovery by China National Offshore Oil Corp. was made about a month after its rig withdrew in July from Vietnam’s exclusive economic zone to far less-contested waters closer to China.  More »

UTSA, Southwest Research find a new way to clean frack water

The University of Texas at San Antonio and the Southwest Research Institute say they have found an inexpensive way to treat the water that flows back to the surface after hydraulic fracturing. A team of researchers used a plant matter called biochar to remove impurities from the flowback water.  More »

More Texans working for oil and gas companies

The 302,700 workers estimated to work for services and exploration and production companies marked the first time employment in the industry has exceeded 300,000 since his Texas Petro Index began tracking the numbers in 1995, said its developer, economist Karr Ingham.  More »
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