April 29- Noble Corp Plc reported a better-than-expected quarterly profit as higher margins from contract drilling services helped offset losses from retirement of rigs due to a slump in oil prices. The company, however, said it expected its capital spending to fall to about $585 million in 2015 from $1.9 billion in 2014.. Net income attributable to Noble fell...» Read More
While tensions between Britain and Argentina have been rising as a natural response to the 30th anniversary of the Falkland Islands War, oil is the primary driver of a renewed Falkland dispute that will determine the fate of tens of billions of dollars in black gold.
No commercially exploitable oil had been discovered in Kenya until Tullow Oil began drilling this year in the blazing savanna of the Rift Valley, about 250 miles northwest of Nairobi, the New York Times reports.
Precision drilling, better technology and the exploitation of unconventional energy sources can make American energy independence achievable, Harold Hamm, Continental Resources CEO, told CNBC’s “Squawk Box” on Tuesday.
Of all the major oil-producing countries in the world, only four are showing a long-term decline in production capacity by 2020. Factors like the recent showdown with Iran over its nuclear program are more influential, according to a Harvard University report.
Four and a half years of studies and five failed votes in the House of Representatives later, the massive Canadian-US pipeline is stuck at the Canadian border. And that won't change anytime soon.
Bears have been running the show at Magnum Hunter Resources, but yesterday the buying heated up.
The DOE's Energy Information Administration expects the cartel's share to remain at the current 40 percent, while US domestic output rises.
To Find out, Cramer goes “Off the Charts.”
July natural gas futures closed at $2.767 per million BTUs, the highest settlement price since January 11, 2012. Natural gas has been surging on forecasts for warmer-than-normal temperatures across the U.S.
A new report shows sizable amounts of recoverable oil and natural as around the scenic island chain, but its location in the hurricane belt is already raising concerns about potential environmental damage.
President Obama has said the U.S. has a supply of natural gas to last nearly 100 years. But it turns out geologists and other researchers disagree on that supply figure, which has huge implications for America's energy policy.
U.S. energy producers' ability to pull natural gas from shale may have contributed to a price-dampening oversupply for now, but it’s also triggering tens of billions of dollars in capital investments.
The U.S. natural gas boom has kicked off a gold rush among companies trying to cash in on minimizing the industry’s environmental footprint.
Natural gas's real potential for economic impact lies in the vast reservoirs of shale gas that are newly accessible through hydraulic fracturing.
Amid cries for energy independence, fracking has become crucial to taking advantage of previously untapped resources. Take a closer look at hydraulic fracturing, and why the technology has become so important and controversial.
Environmental issues aside, the economics of natural gas may have already dethroned coal as the nation's key source of electrical power.
Natural gas has often taken a backseat to crude oil in the Texas energy business, but the advent of fracking shale gas has given it star billing in the Lone Star State — and the nation.
The natural gas industry may be hurting from rock-bottom prices now but if allowed to fully exploit the shale-gas boom, there may be few losers and many winners in the years to come.
Heated debate over the impact of liquefied natural gas exports on domestic prices is threatening to derail them at a crucial time for the U.S. industry.
It's almost impossible to overestimate the importance of fracking to the natural gas industry and the nation. It's also difficult to understate the controversy surrounding the environmental issues. Our special report, "Who's Winning the Natural Gas Game?," addresses both