CNBC and NBC News on Thursday used cross-network programming to train their cameras on the resurgence in Ohio, once the heart of the U.S. steel industry, which has been reborn in part from the growth in the auto industry, as well as drilling operations in the Utica Shale.
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The strong resurgence in exploration and production (E&P) activity in the deepwater Gulf of Mexico (GOM) puts the offshore region well on its way to a “new equilibrium” in 2013, according to new research by Wood Mackenzie.
Shale-inspired historic low prices for natural gas are reconfiguring the electricity generation sector, particularly for renewable or clean power, according to Sacramento, CA-based consultant/independent power entrepreneur Mark Henwood. The market is beginning to notice what Henwood called “this rapid shift in natural gas economics.”
The United States is seeing a resurgence in ethylene cracking facilities as chemical companies, which left the country a decade ago because of high natural gas feedstock prices, are returning to build new plants and reopen mothballed facilities due to lower gas prices brought on by the boom in shale production, said the head of the American Gas Association (AGA) Friday.
The energy industry has to be ready to meet a resurgence in demand that will come once the global economy is back on its feet, BP plc CEO Tony Hayward said last week.
The energy industry has to be ready to meet a resurgence in demand that will come once the global economy is back on its feet, BP plc CEO Tony Hayward said Tuesday.
Weather surprises aside, North America’s growing natural gas surplus, low oil prices and an expected resurgence in liquefied natural gas (LNG) imports may keep Henry Hub prices below $7/MMBtu for “much or all” of 2009 and 2010, an energy analyst said in a review.
With a new resurgence of market, technology and public policy activity permeating the industry, stakeholders in the growing wind power sector gathered early in June in Los Angeles at the American Wind Energy Association (AWEA) annual meeting, and everything about the sessions was larger than in previous years — from the participants and exhibitors numbering more than 7,000, 400 suppliers, including names from the broader energy industry, and a fresh ambitious vision for wind’s heightened role in a global climate change-driven alternative energy world.
Long-ago one of the nation’s centers for oil and natural gas production, Southern California, with today’s historically high oil and natural gas prices, is experiencing a resurgence of reworking some of its old wells, many of which are surrounded by housing and commercial development. Improved technology and the high wholesale prices have given the area’s wells a “new lease on life,” according to a report in Monday’s Los Angeles Times.