More Drinking Water Contamination
Two recent drinking water investigations in Texas show dangerous levels of contamination. The larger study tested 550 water samples collected from public and private water wells in the north Texas Continue Reading
Continental’s proven reserves drop
U.S. shale leader Continental Resources reported its proved reserves for the year ending Dec. 31 declined by millions of barrels. Value of the company’s portfolio declined by about 10 percent Continue Reading
EIA: U.S. energy spending down sharply
Investment in the mining and other extractive industries, including oil, declined in the United States by more than 30 percent last year, federal data show. When measured as a share Continue Reading
Oil Industry Caused 2005 Swarm of California Earthquakes: Newly Published Study
Oil and gas wastewater disposal has been tied to a series of earthquakes in California for the first time, in a peer-reviewed study published last Thursday. A string of quakes Continue Reading
The petrodollar age is no more but with it go old certainties
The drop in oil price adds a twist to the forces driving fragmentation and conflict. Vladimir Putin, the Russian president, is being forced to consider a fire sale of state Continue Reading
Oil Traders Look Again at Floating Storage as Onshore Tanks Fill
The world is so awash with crude, the boss of BP Plc said people will be filling their “ swimming pools ” with it by the end of the year. Continue Reading
U.S. shale oil output to double by 2035: BP
U.S. shale oil production will double over the next 20 years as drillers that became more efficient amid a slump in oil prices unlock new resources, British energy giant BP Continue Reading
Stung by Low Oil Prices, Companies Face a Reckoning on Debts
On the 15th floor of an office tower in Midland looms a five-foot-long trophy black bear, shot by the son of an executive at Caza Oil & Gas. But it Continue Reading
Oil Market Report
Crude oil prices spiralled lower during January, with brimming stockpiles pushing global benchmarks below $30/bbl. Markets edged higher in early February on suggestions of possible discussions to coordinate a global Continue Reading
Short-Term Energy Outlook
Highlights North Sea Brent crude oil prices averaged $31/barrel (b) in January, a $7/b decrease from December and the lowest monthly average price since December 2003. Brent crude oil prices Continue Reading