The rapidly approaching closing of stripper wells across the nation could ultimately the boost oil and gas industry as a whole, according to experts and economists. Stripper wells have a complex relationship with the oil and gas market, and consequently they may be able to lead to a market rebound through failure. As the market approaches … Continued
Following the rejection of the Keystone XL pipeline by the Obama administration, TransCanada has filed a federal lawsuit in hopes of overturning the decision. The Obama administration has been proactively acting against numerous oil and gas developments, from burying the Keystone XL pipeline to rejecting agreements for arctic drilling. TransCanada alleges that the Obama administration’s rejection … Continued
Despite the rejection of oil drilling permits earlier this year, Shell Oil is still hoping to continue its explorations in the Arctic. The Obama Administration recently declined to auction off new permits for drilling rights within the Arctic Ocean and further refused to renew existing permits. Regardless of permitting issues, the Royal Dutch Shell company … Continued
Ohio’s Utica Shale continues to grow in terms of production, seeing incredible increases in year-over-year production in both oil and natural gas. Though the price of oil has declined over the last few years, production has been increasing, as oil and gas companies hope to make up their losses by using new and advanced technology … Continued
A task force has been recently assembled to determine whether or not hydraulic fracturing may be beneficial within the United Kingdom. It’s long been debated whether exploratory drilling could be helpful to the UK’s oil and gas needs. Hydraulic fracturing would be used to determine whether there may be recoverable amounts of shale gas within … Continued
Texas drillers are finding new and unconventional techniques to continue producing oil from old wells. Drillers in Texas have discovered some new ways that they could recover billions of barrels that have been left behind by older techniques, from electrically-induced shockwaves to acid. These methods are being explored to both maintain and increase America’s oil … Continued
New safety regulations regarding the shipment of oil via trains have been proposed by the attorney general of New York. These new safety regulations would require additional processing for crude oil before it could be shipped on trains, theoretically reducing the combustibility of the materials involved. Energy companies, however, believe that this would not be … Continued
100 million barrels of oil have been discovered in the Gulf of Mexico by Royal Dutch Shell. This is an extraordinary discovery, as it is both substantial in nature and in an incredibly convenient area of the Gulf. Though the amount of oil isn’t close to the amount of oil that has been discovered in … Continued
Though oil prices have been falling for some time, some analysts believe that the price will surge back faster than initially expected. Oil has fallen from over $100 a barrel to under $50 a barrel in just over a year’s time, and lower oil prices have contributed to the economy worldwide. However, lower oil prices … Continued
Though the oil and gas industry has often been painted as the cause of climate change, many oil and gas companies have been actively working towards a healthier environment and energy future. Oil and gas companies support the reduction of climate change through increased energy efficiency and a move away from more harmful energy resources … Continued