A rebound in oil prices that bottomed near $44 a barrel in March has provided some relief to stronger companies that have been able to compensate with cost cuts and more efficient operations. For many smaller, cash-strapped producers, current prices of almost $60 still aren’t enough to make ends meet compared to the $100-plus prices seen during the boom days.
Allowing the Keystone XL pipeline to move forward would cut into the revenue of rail freight operators that transport oil and other liquids, but there would still be plenty of growth opportunities for cost-conscious operators, BNSF Railway CEO Matthew Rose said Wednesday.
If we’re really serious as a country about curbing emissions and altering driving behaviors for the betterment of the environment, let’s be prepared to make tough choices and institute real measures to encourage those positive shifts in individual behaviors.
Natural gas production continues to be strong in the U.S. as firms tap shale plays that are largely on private lands, even as production on federal lands has fallen, an Energy Information Administration official said Wednesday.
The Obama administration is once again tapping a Coast Guard veteran to be the nation’s next chief offshore drilling regulator. Former Coast Guard Vice Adm. Brian Salerno will take over as director of the Bureau of Safety and Environmental Enforcement later this month, succeeding James Watson in the role.
What Is Peak Oil?
Peak oil — the point in time when global oil production peaks and begins to drop — has been looming on the horizon for decades. Countless research reports, government studies and oil industry analyses have tried to pin down the ex…
The annual Summer NAPE event has launched in Houston, opening a marketplace of oil and gas land trading at the downtown George R. Brown Convention center. Energy reporter Harry Weber will be on the scene, providing live coverage of the North America Prospect Expo.
A federal court put a gridlocked U.S. Congress, already wrestling with shrinking budgets, back in the debate over Yucca Mountain, the multibillion dollar nuclear waste site abandoned by the Obama administration.
Turning soil into virtual permafrost with refrigerated coolant piped through the earth was first used in the 1860s to shore up coal mines. One hundred and fifty years on, it’s the newest idea for containing the Fukushima nuclear disaster.
President Enrique Pena Nieto’s plan to loosen Mexico’s 75-year-old oil monopoly is underwhelming the bond market after he unveiled fewer incentives for private drilling companies than his political rivals advocated.
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