Foreign energy leaders touted their countries’ potential for unconventional oil and gas production at the CERA Week energy convention in downtown Houston Tuesday, hoping to follow the United States’ boom in developing shale gas and tight oil resources.
Transformed perceptions of fossil fuel resources will mean that oil and gas supplies will continue to shape the energy landscape for decades, executives said Tuesday during a panel on day two of CERA Week 2012.
Oil from so-called tight oil and deepwater plays, among the unconventional sources of fossil fuels being explored with growing enthusiasm, are further turning past perceptions of declining world supplies on their heads, experts said Tuesday.
A new age of domestic energy production has upended supply expectations and requires a rethinking of U.S. energy policy, industry and environmental experts said on the first day of the CERAWeek energy conference Monday. More »
In its proposed settlement of thousands of economic damage claims over the Gulf of Mexico oil spill, BP simplified part of its own legal maze but may have made things more complicated for contractors Transocean and Halliburton. More »
ConocoPhillips (COP), which plans to spin off its refining business, expects the new entity to begin regular trading May 1, Chief Executive Officer James Mulva said at a meeting with analysts and investors today. More »
A BP PLC well site leader on the Deepwater Horizon is appealing a judge’s order he undergo a medical examination before he can claim to be unfit to answer questions under oath about the deadly 2010 rig explosion that spawned the nation’s worst offshore oil spill. More »
A natural gas fire that killed two people and destroyed a Chevron Corp. rig off the coast of Nigeria has stopped on its own, the company said Tuesday, ending an ocean inferno that burned for 46 days. More »
Gov. Sean Parnell has a question for state senators who wonder about the commitment of oil companies to invest more in Alaska under his tax-cut plan: What commitments are you pursuing, or have you gotten, under the Senate plan? More »
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