Shale gas enhancing energy supply, security Whether you call it revolution or evolution, one thing is clear: Shale natural gas is producing jobs and economic benefits across the nation. This week, shale gas was the focus of a major conference in Houston involving industry representatives, government officials and academics who gathered to discuss the technologies and [...]
New wind farm construction is set to decline in the US next year because of competition from cheap natural gas, particularly shale gas, for power generation, according to the country’s largest developer of new wind power projects. The rise in US shale gas production had transformed the energy industry in the US, driving down gas [...]
State-run Oil India Limited (OIL) is expected to form a joint venture with a US-based shale gas company to acquire shale gas assets globally, reports The Economic Times. Though OIL hasn’t said which US company the joint venture would include, the agreement will help OIL access shale gas not only around the world, but also [...]
Royal Dutch Shell Plc and Devon Energy Corp. may join Exxon Mobil Corp. as buyers of U.S. shale- gas producers or projects, the chief executive officer of gas developer Range Resources Corp. said. Range Resources CEO John Pinkerton said in an interview yesterday his company may be a partner or target for oil companies, like [...]
When Halliburton announced its fourth-quarter results this week, the headline news was that earnings had plunged nearly 50% over the previous year. But investors are looking beyond that. Shares of Halliburton are up 35% over the past six months, versus a gain of 18% for arch-rival Schlumberger and a loss of 11% for number-three oil [...]
