Easily

Global demand for energy could triple by 2050 compared with 2000 levels, and production of easily accessible oil and natural gas will not match the projected rate of demand growth worldwide by the end of this decade, according to a report from Royal Dutch Shell. And environmental concerns could make gas even more popular.

Global demand for energy could triple by 2050 compared with 2000 levels, and production of easily accessible oil and natural gas will not match the projected rate of demand growth worldwide by the end of this decade, according to a report from Royal Dutch Shell. And environmental concerns could make gas even more popular.

With the booming U.S. industry players keeping a close eye out for the opening of global markets, India reported completing its first shale gas well Tuesday as some observers of the Indian energy space speculate that the nation may have its largest natural gas deposits locked in shale. U.S. oilfield services provider Schlumberger drilled India’s first well.

The Interstate Oil and Gas Compact Commission (IOGCC) and the Ground Water Protection Council (GWPC) have launched an effort to disseminate information on chemicals used in hydraulic fracturing, Railroad Commission of Texas (RRC) Chairman Victor G. Carrillo announced.

Devon Energy Corp., which is repositioning itself as a North American-only onshore producer, last week easily beat Wall Street’s profit forecasts for 4Q2009 and lifted estimated onshore proved reserves by a record amount in 2009, the Oklahoma City-based independent said.

Devon Energy Corp., which is repositioning itself as a North American onshore producer, easily beat Wall Street’s profit forecasts for 4Q2009 and lifted estimated onshore proved reserves by a record amount in 2009, the Oklahoma City-based independent reported Wednesday.

Devon Energy Corp., which is repositioning itself as a North American onshore producer, easily beat Wall Street’s profit forecasts for 4Q2009 and lifted estimated onshore proved reserves by a record amount in 2009, the Oklahoma City-based independent reported Wednesday.

A breakthrough borehole imaging system developed by Technology International Inc. may push the limits of “seismic-while-drilling” technology to enable producers to more easily find natural gas and oil reserves, the Department of Energy (DOE) said Wednesday.

Following the release of two holds on his nomination, the Senate last Tuesday easily confirmed former Treasury official and Goldman Sachs executive Gary Gensler to be chairman of the Commodity Futures Trading Commission (CFTC).