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Report: Global Shale Oil Production 14M b/d by 2035

Report: Global Shale Oil Production 14M b/d by 2035

Worldwide production of shale oil has the potential to reach 14 million b/d by 2035, about 12% of the world’s total oil supply, prompting a 25-40% decline in oil prices, according to a report issued Thursday by PwC.

February 15, 2013

Economist: Pipeline Network Failing Canadian Oil Industry

If left unaddressed, pipeline shortfalls will put Canada’s oil industry at risk and will have “substantial negative impact” on the country’s economy, according to a report issued by the Canada West Foundation (CWF).

February 14, 2013

More U.S. Gas Said Bound for Mexico

U.S. exports of natural gas to Mexico will grow as the country’s production fails to keep pace with demand and new pipelines on both sides of the border relieve transport constraints. However, Mexico eventually could come to rely on supply from its share of the Eagle Ford Shale, and U.S. gas could find higher prices overseas through liquefaction and export, Goldman Sachs said last Friday.

February 11, 2013

Goldman: More U.S. Gas Bound for Mexico

U.S. exports of natural gas to Mexico will grow as the country’s production fails to keep pace with demand and new pipelines on both sides of the border relieve transport constraints. However, Mexico eventually could come to rely on supply from its share of the Eagle Ford Shale, and U.S. gas could find higher prices overseas through liquefaction and export, Goldman Sachs said Friday.

February 11, 2013

EQT Dropping LDC for Midstream, E&P

Now that it’s getting out of the local distribution company (LDC) business, Appalachia-focused EQT Corp. will have more time and money to devote to the Marcellus Shale, America’s emerging natural gas breadbasket.

December 21, 2012

Britain Clears Way for Fracking

With the introduction of new risk controls, the British government has cleared the way for hydraulic fracturing (fracking) to resume in the country where the shale gas reserve could be 4.2 Tcf, according to one estimate.

December 17, 2012

Britain Clears Way for Fracking

With the introduction of new risk controls last week, the British government has cleared the way for hydraulic fracturing (fracking) to resume in the country where the shale gas reserve could be 4.2 Tcf, according to one estimate.

December 17, 2012

Dozens of Coal Plants ‘Ready for Retirement’

As many as 353 coal-fired generators totaling 59 GW — about 18% of the country’s coal-fired generating capacity — should be considered for closure, in addition to 41 GW of coal retirements that have already been announced, according to a report released by the Union of Concerned Scientists (UCS).

November 19, 2012

Report: Dozens of Coal Plants ‘Ready for Retirement’

As many as 353 coal-fired generators totaling 59 GW — about 18% of the country’s coal-fired generating capacity — should be considered for closure, in addition to 41 GW of coal retirements that have already been announced, according to a report released Monday by the Union of Concerned Scientists (UCS).

November 13, 2012

BP to Share Deepwater Technology with Pemex

BP plc said Tuesday it plans to share technical information used to build its deepwater well-capping equipment with the exploration and production (E&P) unit of Mexico’s Petroleos Mexicanos (Pemex).

October 24, 2012