Tag: "natural gas"

Mexico Opens to Big Energy

For the past 55 years, Mexico has prohibited private companies from owning any of its oil and natural gas production. The national oil and gas company PEMEX, once a major international energy player, has been reduced to an irrelevant player due to the government’s ever increasing and frequent siphoning of funds from PEMEX. The demise […]

Oklahoma Fracking Companies Could Face Earthquake Lawsuits

Last week, the Oklahoma Supreme Court ruled that earthquake injury lawsuits against oil and gas companies could now be heard in district courts. Previously, the oil industry had been trying to avoid such court cases and asked for them to be heard only through the Oklahoma Corporation Commission. The State’s highest court rejected the request, […]

U.S. Now Top Oil Producer

The United States has officially surpassed both Saudi Arabia in terms of crude oil production. In 2014, the U.S. had already exceeded both Russia and Saudi Arabia in hydrocarbon, oil and natural gas, production. The U.S. Energy Information Administration (EIA) recently predicted that such high production is likely to continue into the future, with an […]

Political Versus Market Energy Economics

With news of a consensus on its financing structure, details of a proposed natural gas pipeline called the Turkish Stream are expected to be finalized as early as June 18th. The pipeline, which is estimated by internal sources to cost over $2 billion, will originate in Russia, pass through Turkey and end in Greece. The […]

Germany Leads Charge for New Emission Commitments at G7

German Chancellor Angela Merkel won a key victory in her fight against climate change when the G7 agreed to adopt emission targets to limit the increase in future global temperatures. Chancellor Merkel had hoped the G7 would adopt these measures to show a united front prior to the climate summit in Paris this December. The […]

Oklahoma Follows Texas to Prohibit Hydraulic Fracturing Bans

On Friday, May 30, 2015, Oklahoma became the second state to officially ban local bans on hydraulic fracturing. The bill prohibits bans on hydraulic fracturing, as well as other oil and gas drilling operations. The three-person Oklahoma Corporation Commission will now continue to act as the main regulator of oil and gas operations in the […]

States vs Local Hydraulic Fracturing Bans

In the past few years, hydraulic fracturing/frac bans have become increasingly common in communities opposed to the drilling practice that extracts oil and natural gas from shale rock by injecting sand, water and chemicals into the ground. Such bans focus on either the actual drilling methods or the transportation of waste from the hydraulic fracturing […]

New Opportunities for U.S. Oil?

In a surprising Monday move, the U.S. government approved Royal Dutch Shell PLC’s plans to drill in the Arctic Ocean this summer. The company has been pursuing drilling in the Arctic since 2007 and was set back by bad weather and mechanical failures in 2012. While the new drilling project will face tight restrictions, Royal […]

Offshore Access Critical to U.S. Energy Security

The Department of the Interior granted conditional approval to a plan by Shell Gulf of Mexico to begin exploratory drilling in the Chukchi Sea in the Arctic Ocean. Federally owned offshore oil and natural gas reserves of the United States are estimated to hold over 50 billion barrels of crude oil 200 trillion cubic feet […]

Crowdfunding Oil and Gas

Crowdfunding energy and agriculture initiatives is nothing new. Yet new federal legislation has opened the gates to allow crowdfunding for for-profit companies — and the oil industry is jumping at the opportunity. Two Texas companies, EnergyFunders and CrudeFunders, are reaching out to investors to fund smaller projects big banks would toss back. While crowdfunding efforts […]