“Iran has boosted exports of fuel oil through U.S.-ally the United Arab Emirates and also almost doubled its imports of gasoline, despite Western sanctions.” Although sanctions remain in place, this article looks at activities currently transpiring in Iran following the “landmark July agreement” regarding nuclear policy.
Read more on Reuters.com »
“The House passed a bill Friday afternoon lifting the crude oil export ban by a bipartisan 261-159 vote.” This article looks at various reactions to the passing of the bill, which will now go to the Senate.
Read more on DallasNews.com »
“Global oil demand will grow by the most in six years in 2016 while non-OPEC supply stalls.” This article reviews the outlook published by the U.S. Energy Information Administration (EIA) with projections for the U.S. and the global energy market.
“A bill to lift the ban on U.S. oil exports passed the Senate Banking Committee on Thursday, but the future of the measure is uncertain in the full chamber.” This article looks at the bill (sponsored by Senator Heidi Heitkamp) to lift the self-imposed crude oil export ban, and the “controversial amendment” that was added to it.
“The emergence of the U.S. as a net supplier to Mexico underscores how the growth of the shale industry is redrawing the global energy map.” This article looks at statistics released by the U.S. Energy Information Administration this week, and also examines historical data.
Read more on Bloomberg.com »
Despite repressed oil prices, innovation is alive and well in the oil and gas industry. This article examines “unique electromagnetic technology” and “new 3D seismic technology” which illustrate that the “oil industry is a tough ‘ol coot that just won’t lie down and die.”
Read more on Forbes.com »
“A bill to repeal the U.S. ban on oil exports gained momentum on Thursday” when it was passed by the House Energy and Power subcommittee. The bill, sponsored by Representative Joe Barton, has 123 co-sponsors and is “expected to go to a vote by the full Energy and Commerce committee next week.”
“U.S. gasoline prices wouldn’t go up – and could even go down – if the country ends its four-decade ban on oil exports,” according to a U.S. Energy Information Administration study. This article looks at some of the reasons lifting the ban would benefit the United States.
Read more on WSJ.com »
This article looks at China, the second largest consumer of oil in the world, and the possibility that they may “launch a global crude oil futures contract as early as October to compete with the existing London Brent and the U.S. WTI benchmarks.”
“The regulatory agency overseeing Texas' oil and gas industry has determined that a series of small earthquakes in North Texas likely wasn't caused by drilling operations by an Exxon Mobil subsidiary.” This article looks at studies underway and the preliminary findings of the Texas Railroad Commission regarding seismic activity in North Texas.
Read more on WashingtonTimes.com »
A recent merger announcement “highlights how aggressively power firms are looking to boost their natural gas power resources.” The article looks at how the Clean Power Plan, anticipated to “boost natural gas use while substantially cutting coal use” and the shale revolution, which has provided an abundant supply of natural gas in the United States, are factoring into the utility industry.
Read more on Fortune.com »
“New Mexico oil industry leaders urged the federal government on Tuesday to lift its four-decade-old ban on oil exports.” This article looks at the economy of New Mexico and why these leaders think it is time to lift the ban.
Read more on ABQJournal.com »
“The U.S. Environmental Protection Agency on Tuesday proposed new standards to cut greenhouse gas emissions and smog-forming pollutants from oil and gas facilities” as part of their expanded strategy to reduce methane emissions by 2025. Industry groups from the energy sector believe the new rules will result in unnecessary expense to companies, noting that methane emissions from natural gas wells that utilized hydraulic fracturing “have fallen nearly 79% since 2005.”
“Consumption of natural gas used to generate electricity reached a record high in the Lone Star State this week.” According to the U.S. Energy Information Administration (EIA), as of August 11th, the average daily consumption of natural gas by Texas power plants jumped to 4.5 billion cubic feet per day (up from the record of 4.4 billion cubic feet per day in 2012). Major supply sources of the natural gas that fuel the Texas power plants are the Barnett Shale, Permian Basin and Eagle Ford Shale.
Read more on BizJournals.com »
“The Commerce Department is ‘acting favorably on a number of applications’ to export U.S. crude in exchange for imported Mexican oil.” This article speculates on the details of the licenses that are expected to be issued at the end of the month in response to applications from Mexico for the landmark “swaps" with the United States.
“In its August Oil Market Report the International Energy Agency’s (IEA) forecast shows stronger-than-anticipated global oil demand and non-OPEC supply growth swinging into contraction next year.” This article looks at statistics and the latest forecast from the IEA regarding world oil demand and supply.
Read more on OGJ.com »
“House legislation that would end the 40-year ban on the export of domestic crude oil will receive a floor vote this fall,” per Representative Joe Barton. This article looks at H.R. 702 (sponsored by Rep. Barton) and the reasons why it “has been gaining momentum.”
Read more on BNA.com »
“Despite the plunge in crude oil prices, American operators continue to produce more oil and natural gas.” This article looks at a crude oil storage project underway in Houston. Fairway CEO Chris Hilgert said, “I see Houston evolving into a hub like Cushing.”
Read more on MRT.com »
“The U.S. Senate Energy Committee on Thursday narrowly passed a bill to lift a 40-year-old ban on the export of crude oil.” It was the “second significant step in two days” toward the advancement of the bill after Speaker Boehner proclaimed his support of repealing the ban on Wednesday. After the August break, the bill moves to the Senate.
“U.S. House of Representatives Speaker John Boehner expressed for the first time his support” of lifting the crude oil export ban. Among other reasons noted by Speaker Boehner, repealing the 1970s self-imposed ban would “create 1 million jobs, help bring down gasoline prices for consumers and be good for allies.”
“Texas remains on track to produce a record amount of crude.” In spite of the downturn in the industry, production from the Lone Star State is projected to be “1.28 billion barrels this year, exceeding the state’s record of 1.26 billion barrels set in 1972.”
Read more on FuelFix.com »
This article was written by the author of “The Moral Case for Fossil Fuels,” and encourages “thinking, independent individual(s)” who “go by facts, logic and explanation” to ask questions about what scientists really agree upon regarding “climate change.”
The shale drilling boom is bringing historic volumes of U.S. oil to the surface, but there's not enough transportation capacity to move it quickly to refineries, ports and storage facilities. Many midstream companies, traditional and otherwise, are trying to fill the gap at a furious pace.
Read more on TulsaWorld.com »
American manufacturers have grown more competitive in the global market over the past decade and the boom in U.S. shale gas production has been a contributing factor. Increased production in the U.S. has “reduced gas prices and slowed the cost of electricity.”
Read more on AP.org »
Baker Hughes says it’s ready to divulge all the chemicals it uses in hydraulic fracturing. This article looks at the mounting pressure from environmental groups and investors for greater transparency, the rights of suppliers to protect their “trade secrets,” the required reporting of fracturing chemicals to government regulators and the continual efforts of the oil and gas industry to find the right balance in this new era of hydraulic fracturing.
For the first time in decades, pundits are talking seriously about U.S. energy independence. Yet the changes are anchored in precisely the opposite phenomenon. The United States is more entangled in the global energy system than it has ever been—and ever-rising world demand for energy will remain at the root of transformations in American energy for years to come.
Read more on CNN.com »
The emergence of the United States as a global energy superpower has a profound strategic impact that is raising expectations and concerns among America's allies. “This is something that is going to change not only the energy market in the world, but everything else,” said Jeppe Kofod, a Danish lawmaker who is drafting a report on the oil and gas revolution for NATO's Parliamentary Assembly.
Read more on TheOaklandPress.com »
America's unexpected, and most welcome, bonanza of natural gas from its vast shale deposits seems to be doing as much to reduce pollution as many of the efforts introduced over the years to restrict emissions coming from vehicles, power stations and other sources.
Read more on Economist.com »
The Texas Independent Producers & Royalty Owners Association is proud to release its inaugural "State of Energy Report," which offers a detailed analysis of national and state trends in employment and wages by the oil and gas industry. The report covers the leading ten states in the country, as well as provides an unbiased overview of the national oil and gas industry as well.
Read more on TIPRO.org »
As recently as 2007, U.S. natural gas prices were only about 20 percent lower than Europe’s, not enough to fundamentally reshape markets. But with the boom in U.S. shale gas production, driven largely by fracking, U.S. prices last year dropped to a quarter of the European price.
Read more on WashingtonPost.com »
The Eagle Ford shale's economic impact on South Texas in 2022 is estimated to grow to over $61 billion and support 89,000 jobs, according to UTSA's Center for Community and Business Research's latest study.
Read more on Rigzone.com »
Ernest Moniz thinks so. President Obama's new nominee for the Energy Department has heaped praise on everything from solar panels and efficiency to nuclear power and shale-gas fracking.
The boom in natural gas production, also known as the "shale gale", has created a rare fissure, pitting manufacturers against energy giants, which have been seeking to raise the price of natural gas by pushing the government to allow them to export to more countries.
Read more on IBTimes.com »
While most people can experience firsthand the power of new technologies revolutionizing consumer products, fewer people are aware of how new technologies are changing the workings of the oil and gas industry.
Read more on Fool.com »
Inspector General Arthur Elkins Jr. says the agency has relied on air pollution estimates that are of “questionable quality,” due in part to its failure to properly take emission measurements from some of the equipment that’s used in the drilling process.
The Eagle Ford now ranks as the largest single oil and gas development in the world based on capital expenditures. That means more will be invested in the South Texas oil play than any other single oil and gas development in the world.
Read more on GonzalesInquirer.com »
Columnist David Blackmon comments on the ongoing debate in Washington over the possible repeal of what news media outlets commonly refer to as "subsidies."
Also known as fracing, this proven technology has been used for more than 60 years to safely enhance the production of potential oil and natural gas from a well.
The process » Just the facts »
For decades, state regulators have imposed strict, comprehensive requirements for how oil and gas wells must be constructed. These highly involved safety systems help keep freshwater from mixing with oil and gas during extraction.
Steps for constructing a well »
Leading researchers and associations regularly evaluate how industry efforts affect local jobs, economies, communities and more.
Read published studies »
Industry organizations are working to identify opportunities for significant emissions reductions, finding effective practices and implementing technological solutions.
Natural gas vehicles »
Responsible water usage is a priority for oil and natural gas producers who require the precious resource for hydraulic fracturing.
U.S. Onshore Unconventional Exploration and Production Water Management Case Studies »
Released in January 2015 by the Energy Water Initiative Protecting groundwater with proper well construction » What about water conservation? »