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World Bank Raises 2017 Crude Outlook to $55/bbl, Cites OPEC Agreement

World Bank Raises 2017 Crude Outlook to $55/bbl, Cites OPEC Agreement

The World Bank raised its forecast for 2017 crude oil prices from $53/bbl to $55/bbl Thursday, citing a potential production limits agreed to by the Organization of the Petroleum Exporting Countries (OPEC).

October 21, 2016

Independent Producers Put U.S. Geopolitical Shoe on Other Foot

U.S. independent oil and natural gas producers have given the country’s politicians a winning hand to take to the geopolitics poker table, and they don’t know what to do with it, NGP Energy Capital Management CEO Kenneth Hersh told a Houston audience Wednesday.

February 12, 2016

BP, California Agree to End Routine NatGas Flaring by 2030

Forty-five governments and producers, including BP plc and the State of California, plan to end routine natural gas flaring at oil production sites by 2030, the World Bank said Monday.

December 7, 2015

‘Cowboyistan’ Trio Back in Saddle Sooner Than Some Think, Continental COO Says

The Bakken, Eagle Ford and “new” Permian Basin make up what Continental Resources Inc. executives like to call “Cowboyistan.” It’s the seventh-largest petroleum liquids producing area in the world and has made the United States a player in the global oil game, lending more insight into where the global oil market is going, Continental COO Jack Stark said in Houston Wednesday.

February 12, 2015

REX Shippers Challenge Lower Westbound Rates

In order to make a living in the shale gas world, Rockies Express Pipeline LLC (REX) wants to offer westbound capacity from the Marcellus/Utica region, but legacy shippers are balking at its plan to offer lower rates for customers headed west on a portion of the pipeline.

July 22, 2013

REX’s Shale Expressway Raises Toll Concerns

Rockies Express Pipeline LLC (REX) is working to remake itself for the shale gas world — to become an east-to-west shale gas expressway — but legacy shippers are balking.

July 19, 2013

Study Says Earthquakes Abroad Could Affect U.S. Injection Wells

Researchers at Columbia University said earthquakes that occur on the other side of the world could create smaller temblors near wastewater injection sites in the United States.

July 15, 2013

Study Says Quakes Abroad Could Hit U.S. Injection Wells

Researchers at Columbia University said earthquakes that occur on the other side of the world could create smaller temblors near wastewater injection sites in the United States.

July 15, 2013

Renewables Lead Gas for New Power Gen, Almost Everywhere

By 2016, the world will get more of its electricity from renewables — hydro, wind, solar, etc. — than from natural gas, according to the International Energy Agency’s (IEA) “Medium-Term Renewable Energy Market Report.” But in the Americas, particularly the United States, natural gas is still in the lead.

June 27, 2013

U.S. Oil, Gas Billionaires Like it On the Rocks

There are familiar names, matched to familiar brands, on the latest compilation of the world’s wealthiest individuals. At No. 1 is Mexico’s Carlos Slim Helu, 73, whose net worth of $73 billion was made from the telecommunications industry. Microsoft founder Bill Gates, 57, with $67 billion is in second place, followed by Spain’s Amancio Ortega, 77, with $57 billion. Berkshire Hathaway Inc.’s Warren Buffett, 82, has $53.5 billion for the No. 4 position, while Oracle Inc.’s Larry Ellison, 68, rounds out the top five with an estimated net worth of $43 billion.

June 26, 2013
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