The race for new-energy dominance is officially on. Earlier this month two of China’s oil giants, Sinopec and Cnooc, as well as Saudi Arabia’s state-owned oil company, Saudi Aramco, announced they would all seek to buy the same 30 percent stake in American hydraulic-fracturing-services firm Frac Tech Holdings LLC. The announcements, arriving amidst great excitement [...]
Cheniere Energy will sell all the capacity at its proposed Sabine Pass LNG plant by April. “We will be sold out by April – all four trains. We have a very large number of parties that we are negotiating with,” Cheniere’s Charif Souki told Reuters. Houston-based Cheniere plans to begin construction on the $5 billion [...]
By DAVID BROOKS The United States is a country that has received many blessings, and once upon a time you could assume that Americans would come together to take advantage of them. But you can no longer make that assumption. The country is more divided and more clogged by special interests. Now we groan to [...]
In late 1998, Chesapeake Energy Corp., an independent natural-gas producer based in Oklahoma City, exemplified an industry in decline. The company’s stock price had fallen over two years from above $34 a share to 75 cents. Its market value tumbled 93 percent, to $72 million. “They’re running up a down escalator,” Michael Spohn, an analyst at Petroleum Research Group, [...]
The boom in shale gas production has changed the conversation in Washington from one of how to manage dependence on imported natural gas to a debate over whether (and to what extent) to export the fuel. I’m unsure of exactly where I come down on the matter. But I want to lay out a series [...]
The fuel has advantages over competing resources In his Nov. 3 press conference, President Obama voiced support for the role of natural gas in a forward-looking energy policy. In his words: “We’ve got, I think, broad agreement that we’ve got terrific natural gas resources in this country. Are we doing everything we can to develop [...]
In a press release issued this week, oil and natural gas explorer Exco Resources Inc. announced its plans to buy part of the Haynesville and Bossier shale properties in East Texas from Southwestern Energy Co. at a price of $355 million. The deal comes less than a month after Exco sold 50 per cent of [...]
What if I told you a domestic fuel exists that emits only half the greenhouse gases of coal and can be found in abundant supply to last the United States at least 45 years? Many of you already know what it is: natural gas. Technological advances are unlocking natural gas reserves in deep shale rock [...]
Ziff Energy Group has a press release called “Shale Gas Outlook to 2020” on their website predicting that unconventional gas plays now active across North America will account for 53% of the continent’s gas production by 2020. The production of economical natural gas from shales during the next ten years is being attributed to advances [...]
Marking Earth Day with his energy plan pitch, President Obama called for a ‘new era of energy exploration on America” and argued that his proposal would help both the U.S. economy as well as the environment at the same time. Obama said that America as a nation needs more domestic production of natural gas. Obama [...]
