The energy landscape is changing fast with so-called “unconventional” forms fast becoming the new norm, says accounting firm Ernst & Young. Of the $317 billion worth of oil and gas deals struck in 2011, $66 billion were shale-related transactions, up from $55 billion the year before. That trend is set to continue, and at the [...]
Royal Dutch Shell Plc, Europe’s largest energy company, will shift its investment focus to oil- rich shale in the U.S. because of lower natural-gas prices. “We are going to the lower end of our investment in the United States for shale gas,” Chief Executive Officer Peter Voser said today in an interview with Owen Thomas [...]
PetroChina plans to buy a 20% stake in a Shell liquid natural gas property in Canada for more than $1 billion. Word on the street is that PetroChina, China’s biggest oil-and-gas producer and distributor, plans to pay slightly more than $1 billion for a 20% stake in a Shell shale gas property in Canada. For [...]
Claudia Cattaneo of the National Post discusses why shale gas is the place to be: The Obama administration’s endorsement last week of shale gas as a major pillar of its made-in-America energy vision ensures a long-term future for the resource. The big question is: How does the North American sector survive today’s depressed market environment [...]
The Canadian Association of Petroleum Producers announced new Canada-wide hydraulic fracturing operating practices designed to improve water management and water and fluids reporting for shale gas and tight gas development across Canada. “The hydraulic fracturing operating practices demonstrate the Canadian natural gas industry’s continued efforts to ensure responsible resource development and protection of Canada’s water [...]
Just before the shale gas industry was blessed as good in the president’s State of the Union address last week, it admitted it was broke. The Wall Street maxim is that they never ring a bell at the top. However, on January 23, Chesapeake Energy did ring a bell at the bottom. The undoubted leader [...]
WASHINGTON — Just how much natural gas is trapped underground in the United States? The difficulty and uncertainty in predicting natural gas resources was underscored last week when the Energy Information Administration released a report containing sharply lower estimates. The agency estimated that there are 482 trillion cubic feet of shale gas in the United [...]
Forbes decided to set the hydraulic fracking record straight by using facts, not playing on emotion like many of the frac-tivists do. To many walking the planet, fracking has a seriously bad reputation. Thanks to hyperbole and misinformation, fracking opponents have convinced a lot of people that the operators who drill and then hydraulically fracture [...]
Wind, nuclear, and coal all look expensive compared to natural gas generation. With abundant new supplies of gas making it the cheapest option for new power generation, the largest U.S. wind-energy producer, NextEra Energy Inc., has shelved plans for new U.S. wind projects next year and Exelon Corp called off plans to expand two nuclear plants. Michigan utility CMS Energy Corp. [...]
The unrelenting surge in shale gas production and one of the warmest winters on record are driving the natural gas market toward uncharted territory. Soon companies may have to pay to get rid of their gas. As benchmark gas futures plummet to their lowest level in nearly a decade, analysts are considering the prospect that [...]
