Deep oil industry roots will keep Houston’s energy-driven economy powering forward over the next half century as the world continues to demand hydrocarbons, a University of Houston professor said during remarks at the Houston Chronicle. More »
Hess Corp. said Wednesday that second-quarter profit fell 9.6 percent on lower oil prices, but the company still topped expectations as it boosted production in North Dakota’s Bakken shale fields. More »
The anticipated showdown between House Republicans and Interior Department officials over the Obama administration’s decision to temporarily halt deep-water drilling after the 2010 Gulf oil spill won’t materialize today. More »
For all the talk of what the industry could do to reduce future disasters, the company managers, safety experts and government officials gathered at the hearing were there because of what the industry has done poorly. More »
Bullish Anadarko Petroleum Corp. (APC) options trading reached the highest level in almost two years, reflecting speculation that a rally which lifted the stock 21 percent since June is only half over. More »
The U.S. said a New York State lawsuit seeking fuller review of the effects of hydraulic fracturing on the state’s water supply should be dismissed because the multistate commission responsible for the watershed isn’t a U.S. agency. More »
The U.S. drought is unlikely to have a long-lasting impact on the extraction of natural gas from shale rock, especially as technology improves, the International Energy Agency’s chief economist said. More »
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