Tag: shale

Guest commentary: Partnerships needed to tackle global energy challenges

The global energy industry must seek new avenues to meet growing demand.  More »

Plains All American to build pipeline from Cushing to Memphis

Houston-based Plains All American Pipeline LP said Thursday it plans to build a pipeline that would deliver as much as 200,000 barrels a day of crude oil to Valero’s Memphis plant when it’s completed in late 2016.  More »

UT study to look at economic potential of Mexican shale

Thomas Tunstall, research director of the UTSA Institute for Economic Development, said the group plans to start a study of the Burgos Basin in Mexico.  More »

BP names CEO of U.S. onshore business

BP has tapped David Lawler, a former top executive at an independent oil producer, to lead the U.S. onshore unit it plans to separate early next year.  More »

EIA: Eagle Ford to cross 1.5 million daily barrels in September

The U.S. Energy Information Administration expects the Eagle Ford Shale to produce 1.51 million barrels of crude oil and other liquids daily in September. It would be a gain of around 31,000 daily barrels over August production for the South Texas field.  More »

Insurance industry changes with energy industry

Newer areas for insurance companies to cover include shale gas, wind turbines and transporting oil by railroads, a speaker said at the Independent Insurance Agents of Houston Energy Symposium.  More »

Insurance agents need to learn about energy, too

The first part of the day revolved on world events and their influence – perceived or real – on the oil industry as well as increasing U.S. oil production and what that means for OPEC.  More »

McClendon’s American Energy, Regency to build $500M Utica pipeline

A $500 million pipeline planned for next year could carry natural gas from Aubrey McClendon’s growing web of gas wells in Ohio to the Gulf Coast and several mid-western and southern states.  More »

Marathon Oil earnings up on U.S. oil output

Rising shale oil production pushed Marathon Oil Corp.’s profits up 27 percent in the second quarter as the firm worked to improve its hydraulic fracturing in North America.  More »

Small gas-to-liquids plant planned for former Houston power plant site

Capitalizing on an abundant supply of cheap natural gas, Biofuels Power Corporation plans to build a small-scale plant to convert natural gas to synthetic crude on a former power plant site south of downtown Houston, the company announced Monday.  More »

Shell beats estimates, takes gas writedown

Royal Dutch Shell, Europe’s biggest oil company, beat analyst second-quarter earnings estimates while pushing ahead with a restructuring program that saw it write off about $1.9 billion in U.S. gas assets.  More »

BP profits jump on Rosneft stake

BP’s profits jumped 65 percent in the first quarter on a surge in Rosneft earnings, even as its global oil production and refining businesses declined, the company reported Tuesday.  More »
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