Oil and Gas Exploration
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The rally in risk markets has left oil in the dust, a function of how growing U.S. energy supplies and fears about global demand are throwing cold water on crude prices.
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The rally in risk markets has left oil in the dust, a function of how growing U.S. energy supplies and fears about global demand are throwing cold water on crude prices.
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Two pipeline spills have prompted new criticism from opponents of the proposed Keystone XL project, while raising questions about whether the government is adequately monitoring U.S. pipelines. The NYT reports.
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As reassurance to foreign firms investing in the development of NatGas reserves, the Israeli government has said it will invest in its navy.
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Peak oil – the theory that fossil fuel supply will, at some point in the unspecified future peak, sending prices spiking – has now given way to peak demand.
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DENVER-- A Colorado proposal to hike oil and gas drilling fines for the first time in more than 50 years has advanced in the state Legislature. The House Finance Committee voted 7-5 to hike drilling fines from a maximum $1,000 a day to a maximum $15,000 a day. The Colorado Oil& Gas Association testified that fines are indeed due for an update.
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STOCKHOLM, March 27- Greenland's incoming government believes that the country has a sufficient number of oil licenses and it will be cautious about awarding new permits, the next mining and oil minister said on Wednesday.
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STOCKHOLM, March 27- Greenland's incoming government believes that the country has a sufficient number of oil licenses and it will be cautious about awarding new permits, the next mining and oil minister said on Wednesday.
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STOCKHOLM, March 27- Greenland's incoming government will be cautious when it comes to awarding new offshore oil exploration permits, the next mining and oil minister said on Wednesday.
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Nat gas futures prices hit an intraday high of $4.078, their highest level in more than 18 months.
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Chief Executive Paolo Scaroni said Wednesday he is confident of a return to good relations with Turkey following a dispute about offshore gas exploration in Cyprus. We have obtained the authorization from Cyprus, which is part of the European Union and we are acting under EU legislation. "
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*Announces second oil discovery in deepwater Gulf of Mexico. *Says WR98-1 Coronado Wildcat exploration well encountered more than 400 feet of net pay. *Says holds a 30 percent working interest in Shenandoah.
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CUMBERLAND, Md.-- State officials have postponed a meeting of a panel studying natural gas drilling plans in western Maryland. The report was prepared by researchers at the University of Maryland's Center for Environmental Science. No drilling permits can be issued in Maryland until the panel issues its final report next year.
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were in free fall last spring, dropping 55 percent in four months, until the oil and gas producer announced it had drilled its first three wells in the Utica shale formation in Ohio.
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were in free fall last spring, dropping 55 percent in four months, until the oil and gas producer announced it had drilled its first three wells in the Utica shale formation in Ohio.
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NEW YORK, March 25- Shares of Gulfport Energy were in free fall last spring, dropping 55 percent in four months, until the oil and gas producer announced it had drilled its first three wells in the Utica shale formation in Ohio.
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One spillover effect of the US energy boom has been putting relatively obscure places on the map. One of those is Bakken, an oil hub in the west that some believe could challenge the Gulf Coast's prodigious crude output.
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The oil and gas revolution sweeping the U.S. appears to exerting a halo effect on stocks in key industries, and not just those in the energy sector.
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Cyprus has found itself right in the middle of a geopolitical game in which its gas potential is a tool in a showdown between Russia and the European Union.
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The split between oil king Harold Hamm and his wife could required him to sell a large number of shares or give her shares that she might then sell.
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Carl Sheldon, CEO of TAQA, tells CNBC his strategy for playing the African growth story in the coming years.