Become

BP plc CEO Bob Dudley on Monday said the beleaguered oil major will become a “simpler,” more oily company over the next few years.

Developing new natural gas pipeline infrastructure has become more difficult, in part due to basis compression, and the problem is not likely to end any time soon, according to an ICF International economist. In addition, the number of groups seeking to block gas pipeline projects has been steadily growing, and are likely to get more radical in the years ahead.

Developing new natural gas pipeline infrastructure has become more difficult, in part due to basis compression, and the problem is not likely to end any time soon, said an economist with ICF International Thursday. In addition, the number of groups seeking to block gas pipeline projects has been steadily growing.

WPX Energy Inc. announced a net loss of $64 million for 3Q2012 on Thursday, but it also reported significant growth in oil production in the Bakken Shale and tripled natural gas production in the Marcellus.

Canada’s Duvernay Shale has the potential to become one of the “most attractive liquids-rich plays” in North America, according to Wood Mackenzie analysts, who point to ExxonMobil Corp.’s decision this month to pay $3.1 billion for one of the play’s biggest developers as affirmation.

Canada’s Duvernay Shale has the potential to become one of the “most attractive liquids-rich plays” in North America, according to Wood Mackenzie analysts, who point to ExxonMobil Corp.’s decision this month to pay $3.1 billion for one of the play’s biggest developers as affirmation.

Based on production data verifiable to date, the Marcellus Shale will become the “King of the Gas Shales” by 2015 at the latest, U.S. energy analysts with Raymond James & Associates Inc. said in a new report.

While TransCanada Corp.’s Keystone XL oil pipeline has become controversial in general interest news media and politics, Enbridge Inc.’s. under-the-radar oil pipeline cutting through the nation’s midsection from Illinois to Houston-Port Arthur, TX, has the opposite image. The contrast drew general news media interest over the weekend.

Converting shale and tight sands formations into affordable natural gas and oil reserves have become the true “game changer” for the United States “because it changes the most important game in the world, the game of war,” according to global intelligence expert George Friedman.