Earlier in the year, before initial declines in service costs, Anadarko had estimated it would take $3 billion in capital expenditures to keep production levels flat. Now, Walker said, it would take about $2.7 billion, and there is still room for improvement.
After a state climate panel missed a deadline to deliver recommendations on reducing carbon emissions in Washington state, two Republican members on the group said Wednesday they want another year to study the economic costs of proposals.
The U.S. oil boom has put European refineries out of business and undercut West African crude suppliers. Now domestic drillers threaten to roil Asian markets and challenge producers in the Middle East and South America.
Officials in Canada said a derailed freight train carrying crude oil and propane continued to burn Wednesday morning, while they prepared to launch aerial surveillance and more than 100 residents remained evacuated from their homes. There were no deaths or injuries.
BP Plc and ConocoPhillips, looking to benefit from the repeal of an Alaska oil tax championed by Sarah Palin when she was governor, are chasing enough crude to end the state’s two-decade-long slump in production.
FuelFix.com is your daily must-read source for news and analysis on the energy business. Anchored by business reporters at the Houston Chronicle and other Hearst Newspapers, Fuel Fix incorporates blogs by energy experts, market updates, useful data and a real-time summary of the top ideas, hottest stories and latest news in the oil, gas and energy industries.
Browse previous blog posts by month and year of entry. You'll see all the posts for that time period.