Second Wave of U.S. Shale Revolution Is Coming, Says IEA
The U.S. is on track to become a net petroleum exporter by 2021 and will soon after surpassing Russia and rival Saudi Arabia, currently the world’s largest oil exporter, the Continue Reading
CERAWeek: US EPA to release E15 rule this week: Wheeler
The US Environmental Protection Agency’s proposal for year-round sales of E15, or gasoline blended with 15% ethanol, will be released this week, Andrew Wheeler, the agency’s administrator, told reporters at Continue Reading
CERAWEEK: Growing role of oil majors in shale to blunt impact of price volatility: IEA
US shale oil growth has almost entirely been driven by smaller, independent producers, but major oil companies are accounting for a growing percentage of shale output, a trend the International Continue Reading
Shell on the Prowl for Permian Deals
Royal Dutch Shell Plc is on the hunt for deals to bulk up its position in the Permian Basin, where it lags rivals Exxon Mobil Corp. and Chevron Corp. “We Continue Reading
Uber, Lyft and oil frackers: Tech mirages, not real businesses
Ultimately, businesses must make money for their investors or those businesses are shut down. It’s true that some businesses “make” money by laundering it for people engaged in criminal enterprises. Continue Reading
Extreme storm in the central U.S. may generate blizzard, flooding and severe storms midweek
European model storm forecast for 8 p.m. Wednesday. (PivotalWeather.com) An unusually strong late-winter storm is predicted to explosively intensify in the western Plains on Tuesday into Wednesday, unleashing flooding rains, Continue Reading
U.S. Oil Production Is Headed For A Quick Decline
The most recent forecasts published by the US Energy Information Administration show US oil production increasing steadily. The February Short-Term Energy Outlook sees the output from US wells rising from Continue Reading
IEA: U.S. Shale To Seize Market Share In Next Decade
The U.S. shale industry has been responsible for a tidal wave of oil production in recent years, and shale will increasingly dominate the oil market over the next half-decade at Continue Reading
CERAWeek: Oil, gas likely to stay major fuels for years, but producers need to spend more: John Hess
More oil, gas investment is industry’s ‘biggest challenge’ Shale growth masks lack of long-cycle investment US Gulf leased acreage is down 70% in 10 years Houston — Despite increasing renewable Continue Reading
CERAWeek: Murkowski pushes for more oil, gas options offshore Alaska
US Senator Lisa Murkowski, an Alaska Republican, said it is unclear if there is commercial interest in drilling in US Arctic waters, but said regulators should keep the option open Continue Reading