A report by McKinsey Energy Insights projects the three shale plays to drive supply. The Permian, Marcellus and Utica shale plays will supply 55 percent of the North American gas Continue Reading
Among vineyards and cow pastures in East Texas last month, roughnecks started to drill in an oilfield that is 25 years past its production peak. Houston-based oil producer Wildhorse Resource Continue Reading
Mobile tech supplements – but does not replace – water management processes used in waterflood enhanced oil recovery. Although proportions vary and worldwide data are incomplete, water makes up a Continue Reading
As the discount of U.S. crude to global benchmark Brent nears three-year highs, an emerging bottleneck at the key storage hub in Cushing, Oklahoma, is making U.S. futures vulnerable to Continue Reading
Oil producers are finding themselves in kind of a pickle. While oil prices are indeed on the rise, many producers are unable to take full advantage of this nicety because Continue Reading
The passage of Public Law 115-97 in December 2017 required the U.S. Secretary of the Interior to administer a competitive oil and natural gas program for the leasing, development, production, Continue Reading
The European community could reaffirm its world leadership position on the clean energy front by raising the bar for renewables, a commissioner said Thursday. The European Commission said it was Continue Reading
Many top U.S. shale oil producers are missing out on the rally in oil prices to more than $70 a barrel – because they sold their oil through futures contracts Continue Reading
EU negotiators have informally agreed on a binding 32% EU renewable energy target for 2030, EU climate action and energy commissioner Miguel Arias Canete tweeted Thursday. This effectively ends 20 Continue Reading
Oil prices turned positive on Wednesday after a bigger-than-expected decline in U.S. crude inventories along with surprise drawdowns in gasoline and distillates indicated strong demand in the world’s top oil Continue Reading
