Transforming corporate clean energy commitments into action

Our historically low natural gas prices are suppressing power prices across the United States. Renewable energy is competing with natural gas that is ...…

Pricing

Nigerian Oil Output Below 1.8 Million BPD Quota

Nigerian oil production remains below 1.8 million barrels per day, in compliance with a quota set on the African nation by OPEC earlier this year in response to its explosive output growth through 2017. Oil Minister Emmanuel Ibe Kachikwu made the announcement in Vienna, where the Organization of Petroleum Exporting Countries’ headquarters is located. The bloc has already agreed to extend output cuts through March 2018, although another extension may be in the works. Nigeria and Libya had both been exempt from the agreement when it was first……

Colorado Landfills Contain Radioactive Substances From Oil Sector

Landfills in Colorado have begun to fill their space with low-level radioactive substances from oil and gas activities, state health officials have said, according to the local news site the Daily Camera. After a series of meetings with local officials, state authorities have concluded that unknown amounts of radioactive material have been stored at landfills throughout the state. Local authorities are currently trying to prohibit the practice altogether by strengthening their oversight mechanisms. "There is some of it that is just going to solid……

Eagle Ford Sees Surge In Production

Sanchez, Chesapeake dominate Dimmit County with 210 permits in 2017 While it has been recently eclipsed by the Permian, the Eagle Ford in South Texas remains one of the most important shale basins in the world. According to the EIA, the basin will produce 1,280 MBOPD in September, making it the second-largest oil-producing basin in the U.S. Despite temporary interference from Hurricane Harvey there are currently 71 rigs active in the basin, making the Eagle Ford second in drilling activity as well. Just like any other area of Texas, these rigs……

What A Fed Rate Hike Means For U.S. Shale

North American shale oil and gas companies have proven that they can adapt their business model through the lower crude oil prices cycle. Now, the new challenge for shale producers is how to adjust their financial strategy when the Federal Reserve (Fed) raises interest rates. Since the 2007 financial crisis, the Fed interest rate has declined from 5 to 1.25 percent, having hit the record low of 0.25 percent in December 2008, just four months after the Lehman Brothers bankruptcy that triggered a domino effect across……

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Shale Gas

Antero Nets $1B-Plus in Stock Offering, NatGas Hedge Restructuring

Antero Resources Corp. said Thursday that it earned more than $1 billion through a stock offering and changes to its natural gas hedge portfolio, securing some of the cash it needs to support year/year production growth of 20-22% through 202...…

Oryx to Build 220-Mile Crude Oil System in Permian Delaware

After closing on a long-term oil transportation agreement, Oryx Midstream Services II LLC plans to begin building a 220-mile crude oil transportation pipeline system to serve the Permian Basin’s Delaware sub-basin, with initial capacit...…

Oil

Why U.S. Natural Gas Prices Will Remain Low

U.S. natural gas prices will remain extremely low for a very long time. And importantly, more production and exports will help us solve many of the world's energy and climate challenges without increasing our own prices, so they must be supported.…

Coal

Pakistan wrestles with coal dilemma

PAKISTAN'S efforts to end energy crisis have impaled it on the horns of a dilemma: it wants to end power shortfalls at the earliest using coal but also ...…