Natural Gas
Colombia’s Ecopetrol plans first fracking project
Colombia’s state-run oil company, Ecopetrol, has applied for a permit to launch the country’s first hydraulic fracturing project, targeting unconventional resources in Magdalena Medio, central Colombia. According to CEO Felipe ...
Gas production to rise nearly 1 Bcf/d in 7 major basins/plays: DPR
Natural gas production from the U.S.’s seven most prolific unconventional regions is projected to increase nearly 1 billion cubic feet per day (Bcf/d) from September to October, a new survey ...
Colombia’s oil production surges to 2-year high
Colombian crude oil production hit a two-year high in October, averaging some 878,854 barrels per day, the country’s energy ministry said in its latest statistic report. Output was at its ...
Rosneft abandons planned Pechora LNG project
Russian oil giant Rosneft will abandon its planned Pechora LNG project in the country’s northwest district of Nenets, a spokesperson told Kallanish Energy on Thursday. You have reached your allocation of free ...
Shale gas means billions in chemical industry investment
The availability of, and inexpensive price for, U.S. shale gas since 2010, has resulted in 333 chemical industry projects cumulatively valued at $202.4 billion being announced, with ...
Hess to focus on Bakken, Guyana in 2019
Hess Corp. has announced it plans to spend $2.9 billion in its 2019 capital and exploratory budget, with 75% of that money earmarked for high-return growth assets in the Bakken ...
North American O&G industry faces $240B of maturities through 2023
The quality of debt issued by the North American oil and gas industry has changed substantially – and not in a good way — over the past ...
U.S. renews pressure against Iran-Pakistan gas pipeline: official
The Trump administration is preventing the Iran-Pakistan natural gas pipeline to be completed, Iran’s parliament speaker, Ari Larijani, said this week following a meeting with Pakistani officials ...
More than $90 billion spent on Permian Basin deals
The Permian Basin is the No. 1 drilling hot spot in North America. More than $90 billion in deals have been made in the Permian Basin in ...
Energy investment fell in 2017, IEA reports
The amount of money spent in the energy sector fell for a third straight year in 2017, raising concerns about the world’s ability to provide enough power and tackle climate ...