A new article on the Financial Times Blog takes a look at the year’s major US shale gas projects including shale play developments, oil giant acquisitions and the overall growth of what author Gwen Robinson calls “the sexy new energy play.” In the last year alone, shale gas has made major advancements in becoming a [...]
With close to 100 million gallons of crude oil already spilled in the Gulf of Mexico and an estimated 2.1 million gallons of oil continuing to spill into the ocean every day, an article on SFGate.com highlights the importance of shale gas for the Obama administration in the wake of this disaster: “Two words for [...]
The decision by US President Barack Obama to extend the moratorium on deepwater offshore drilling for the next six months may be prove to be good news for the shale gas industry. Jon Hurdle and Jeffrey Jones of Reuters report the development of shale plays in the US will likely “speed up” as the country [...]
A Pennsylvania natural gas well “blowout” last week helped drive prices to a 14-week high on concern that tighter restrictions on offshore drilling following BP Plc’s Gulf of Mexico spill will spread onshore. The incident on June 3 at the project operated by EOG Resources Inc. shot natural gas and drilling fluids onto the ground [...]
If US energy policy continues on its present path, legendary oilman T. Boone Pickens told Mad Money’s Jim Cramer on Friday, the price for a barrel of crude could jump more than five times its present level in a decade. Pickens was using OPEC revenues between 2003 and 2008 as a model, he said. Those [...]
When Victoria Switzer awoke on a cold night in March, her dog was staring out the window at the flame roaring from a natural-gas-drilling rig 2,000 feet behind her house. She remembers trees silhouetted in a demonic dance as the plume burned off gas that had been building up under her land. She discovered later [...]
Reliance Industries Ltd., the owner of the world’s largest fuel-making complex, is in talks with Atlas Energy Inc. to invest in the U.S. natural-gas producer’s shale assets, a person familiar with the negotiations said. The talks between Reliance, which is controlled by billionaire Mukesh Ambani, and Moon Township, Pennsylvania-based Atlas are in preliminary stages, the [...]
There’s one thing that major oil companies can’t get enough of these days–unconventional gas. Virtually every deal that big oil has cut in recent months focused on resources of this type. ExxonMobil agreed in December to pay around $30 billion for XTO Energy, which specializes in extracting gas trapped in shale rock in the U.S. [...]
Anadarko Petroleum has agreed a $1.4bn deal with Mitsui & Co. the Japanese trading and investment group, to sell a minority stake in its Marcellus Shale natural gas project in Pennsylvania. The deal announced on Tuesday will give Mitsui control of 32.5 per cent of Anadarko’s shale-gas assets in the state, where most of the [...]
