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- Peak Oil? Not Here and Not For Decades, CERA Study Says
- Peak oil -- that much-debated moment when the world can no longer produce the oil and gas it needs and wants -- is decades away, according to a recent study by IHS Cambridge Energy Research Associates. Global oil production will grow from about 92 million barrels a day to around 115...
- Blog posts 2009-11-17
- Baker Hughes Global Rig Count Shows Tiny Rise, U.S. Count Continues to Drop
- The number of active drilling rigs worldwide in June 2009 was 39 percent lower than the same month last year, according to Houston, Texas-based Baker Hughes, an oil and gas equipment services company. There were a few glimmers of recovery in the company's monthly international report, which shows rig counts...
- Blog posts 2009-07-08
- Seven Ways to Deal with Our Oil Addiction
- The Find: One veteran energy observer insists we're going to have to break our addiction to oil sooner rather than later and suggests seven real world ways we can move away from fossil fuels. The Source: Energy analyst Chris Nelder writing on Business Insider's Green Sheet. ...
- Blog posts 2009-07-06
- Energy Roundup: Exelon Raises NRG Bid, BP Closes Renewables HQ and More
- Exelon bumps up hostile bid for NRG -- Recognizing that NRG has done a good job of blocking its takeover bid, Exelon has raised the offer about 12 percent, to $7.45 billion. NRG's annual meeting is later this month, and it's hoped the increased amount will encourage more stockholders to...
- Blog posts 2009-07-03
- Fighting Over Natural Resources To Balance Your Budget
- Some nations and regions are blessed with possessing valuable natural resources like oil or natural gas. This has led to those areas to use the revenue to prop up and balance their budget. In the United Kingdom Scotland is the main production area for oil thanks to the...
- Blog posts 2009-06-19
- Will a Royalty Relief Repeal Slow Oil and Gas Drilling in the Gulf of Mexico?
- Mandatory royalty waivers -- often referred to as royalty relief -- would end for some offshore oil and gas production, under an amendment approved Tuesday by a Senate panel. Technically, the amendment doesn't ban royalty relief. It simply leaves the decision up to the Interior department secretary,...
- Blog posts 2009-06-16
- One Big Fracking Problem for Oil and Gas Industry
- Legislation introduced this week that targets hydraulic fracturing -- a technique used to access vast new fields for drilling -- is pitting the oil and gas industry against environmentalists in a debate over public health, federal versus state regulation and the protection of industry trade secrets. Here's what the legislation also will...
- Blog posts 2009-06-11
- Senate Panel Clears the Way For Expanded Oil and Gas Drilling
- Oil and gas drilling has been expanded in the eastern Gulf of Mexico under an amendment approved Tuesday by the Senate Energy and Natural Resources Committee. But long before oil and gas companies set up shop in this new extended area, the measure faces a number of hurdles and opposition...
- Blog posts 2009-06-09
- China Targets Addax, Kosmos in Overseas Asset Grab
- China is fueling much of the consolidation within the oil and gas industry, with as much as $12 billion worth of deal currently in the pipeline. The latest company to catch China's asset-focused eye is Addax Petroleum, a Geneva-based oil and gas explorer, the South China Morning Post reported Monday....
- Blog posts 2009-06-08
- Rosatom Building Floating Nuclear Plants For Oil Exploration
- Russia's state-owned nuclear company Rosatom began building the country's first floating nuclear power station FNPS this week, according to the Moscow Times, opening a new chapter on the country's outstanding record of nuclear innovation and safety. There won't be much to distinguish an FNPS from a regular...
- Blog posts 2009-05-19
- Energy Roundup: Google Buys Carbon Credits, Ba-bye to Oil and Gas Tax Breaks, Biofuels Subsidies Hit $400 Billion, and More
- Google scoops up carbon credits in effort to offset emissions -- Google's effort "to do no evil" took a little longer than expected in the carbon credits arena. The search engine giant bought enough carbon credits to offset all of its emissions from 2007 and some from 2008. The company's...
- Blog posts 2009-05-07
- Conoco, Occidental's Dismal Q1 Brightened by Cutting Costs, Increased Production
- ConocoPhillips and Occidental Petroleum reported their first quarter earnings today and as expected the results were pretty abysmal as lower prices for oil and gas pushed net incomes for both companies down about 80 percent from the same period last year. And yet there were a few...
- Blog posts 2009-04-23
- Anadarko Royalties Case Spurs Oil Taxes Debate
- No one really expected the federal government to just roll over and take a recent ruling that could prevent it from collecting billions in royalties on oil and natural gas leases, right? So it should be no surprise the Obama administration asked Monday for an "en banc" review -- that...
- Blog posts 2009-04-01
- Energy Roundup: Mr. Ethanol Goes to Washington, Carbon Dioxide-Sucking Rocks, and More
- Ethanol producers hit Capitol in bid to increase blend -- U.S. ethanol producers pressed the Obama administration to raise the limit on ethanol in fuel to 15 percent, a move they said would create as many as 136,000 new jobs and reduce imports. Growth Energy, an ethanol trade group, submitted a...
- Blog posts 2009-03-06
- Energy Roundup: Yucca Mountain's Demise, BG Sweetens Bid, and More
- Obama rejects Yucca Mountain nuclear waste project -- President Obama's budget released this week removes almost all funding for the Yucca Mountain nuclear waste storage project, effectively killing a plan 20 years in the making. The administration will focus on a new strategy of how to handle waste, and the...
- Blog posts 2009-02-27
- Halliburton Lands $450M Contract Extension with StatoilHydro
- Oilfield service companies have struggled in the past two quarters -- plagued by plummeting crude and natural gas prices, which were efficient at putting the brakes on exploration and production. So, it was a positive sign for Halliburton, one the world's largest oilfield service businesses, to land a two-year contract extension from StatoilHydro....
- Blog posts 2009-07-16
- Chevron Backs Off Natural Gas Drilling in U.S.
- The latest slew of quarterly earnings reports shows just what happens to the world's largest oil and gas producers when a global recession pushes down demand and causes crude prices to plummet. Profits are pinched and varying strategies are implemented in an effort to stanch the bleeding. ...
- Blog posts 2009-08-02
- Energy Roundup: Oil Lobby Jumps 30%, Nissan's Electric Car, Cleantech VC Funding Spikes, and More
- Oil-and-gas companies boosts lobbying efforts -- Even the "inside the beltway" lobbying machine could not escape the global recession and credit crunch. Overall, the amount of money spent to lobby Congress and the Obama administration fell 1 percent to $814.6 million in the second quarter. There were a couple of exceptions, notably...
- Blog posts 2009-08-03
- Week in Oil & Gas: Punting in Copenhagen and Gulf of Mexico Leases -- Abridged
- The odds Congress would be able to pass climate-change legislation this year dimmed by the minute last week, as the political wrangling moved to the Senate Finance Committee and the debate focused once again on jobs and the economy. The bill's molasses-like progress through the Senate has rippled through the...
- Blog posts 2009-11-16
- Week in Oil & Gas: Climate Bill Hurdles and Refining Blues
- A key Senate panel -- along with environmentalists, oil and gas industry folk and government energy officials -- squared off last week in a round of hearings aimed at hashing out the details of a climate bill. The initial hearings, as the WSJ notes, took on a familiar political...
- Blog posts 2009-11-02
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