Crude Oil
Ohio energy users saved $40.2B due to shale
Ohio energy users saved more than $40.2 billion from 2006 to 2016, thanks to lower natural gas prices, according to a new report from the Texas-based Consumer ...
Haynesville Shale making major production comeback
The Haynesville Shale is back. Natural gas production in the dry gas shale play jumped in both 2017 and 2018. The U.S. Energy Information Administration is projecting ...
U.S. delays drilling decision near national park
The federal government last week delayed a decision on a proposal to allow oil and gas drilling near Great Sand Dunes National Park in southern Colorado, saying ...
Working-rig count in Lower 48 drops for 3rd straight week
The number of rigs working onshore in the Lower 48 U.S. states during the week ended June 29, fell for the third consecutive week, data from oilfield ...
Shell, Chevron get waivers from steel tariffs
Shell and Chevron are the first oil and gas industry players granted waivers from President Trump’s 25% tariff on steel imports, after the administration agreed the specialty steel they were ...
New York moves to end coal-fired power plants by 2020
New York Gov. Andrew M. Cuomo has unveiled plans to phase out coal entirely at New York state power plants by 2020, Kallanish Energy reports. Last week, ...
Appalachian Basin remains active for shale producers
The Appalachian Basin remains a very busy place. Nearly 2,300 drilling permits were issued in 2017 in the three-state basin, with 1,036 of those wells being spud, said energy consultant ...
Russia’s Rosneft to invest $735M in Germany
Russian oil and gas company Rosneft said Tuesday it will invest at least €600 ($526) million in the next five years in Germany, with a view to ...
PetroChina, Rosneft leave Venezuela refining projects
Chinese and Russian state oil companies PetroChina and Rosneft will not pay the costs of repairing and modernizing Venezuela’s Cardón and Amuay refineries for PDVSA, according to ...
Initial work may begin this fall on Keystone XL
TransCanada may begin preliminary work on its $8 billion Keystone XL oil pipeline project in Montana this coming autumn, with full construction in 2019, Kallanish Energy reports. That ...