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Updated 6 months 1 week ago | 0 comments
NEW YORK (Bloomberg) -- A drilling surge in America’s hottest oil play may prove to be a pitfall for natural gas bulls. As explorers extract crude from the Permian shale in West Texas, they’re also producing gas. A jump in the number of rigs operating in the basin is adding to the so-called fraclog, or the number of drilled wells that are waiting...
Updated 2 years 1 week ago | 0 comments
Mexico’s rapidly changing oil and gas industry took another step forward last month, reaching an agreement with the United States Bureau of Industry and Security to swap crude oil depending on its respective grades. U.S. refineries, particularly on the Gulf Coast, are more equipped to handle heavy and sour grade crudes like Mexico’s Mayan crude...
Updated 2 years 1 week ago | 0 comments
Engineers have put a new twist on solar panels. Inspired by kirigami, a Japanese art form similar to origami that involves both folding and cutting paper, researchers at the University of Michigan twisted, folded and cut thin film solar panels in a way that makes them more efficient. Because of the unique design of these panels, they can track...
Updated 2 years 1 week ago | 0 comments
While oil prices in the U.S. plummeted below $39, Canadian explorer Madalena Energy has forged ahead with a strong Q2 showing and preparations for its first horizontal multi-stage frack in Argentina, where oil prices defy the market at an amazing U.S.$77. Madalena's strong showing is not only spurred by high oil prices in Argentina and the country...
Updated 2 years 1 week ago | 0 comments
API has launched a new series of ads highlighting the broad economic and national security benefits of crude oil exports.  “We’re speaking directly to the consumers and workers who will benefit from lifting these outdated trade restrictions,” said API’s executive vice president for government affairs, Louis Finkel. “The House and Senate are...
Updated 2 years 1 week ago | 0 comments
West Virginia gas prices dropped nearly 10 cents over the past week, according to AAA East Central’s Fuel Gauge Report. The national average is $2.391. This week’s WV average price: $ 2.405 Average price during the week of August 31, 2015: $ 2.503 Average price during the week of September 8, 2014: $ 3.500 On the National Front Labor Day 2015...
Updated 2 years 1 week ago | 0 comments
Ohio oil and gas activity has hit a milestone, recording more than 2,000 permits to drill in the state's Utica shale play. State regulators have issued 2,002 permits to horizontally drill in the state, Ohio Department of Natural Resources data show. That's an increase of more than 500 permits from last August, when oil and gas prices were much...
Updated 2 years 1 week ago | 0 comments
88 Energy Limited (ASX:88E, AIM:88E) has executed a rig contract with Kuukpik Drilling for the drilling in October of the Icewine-1 exploration well in Alaska. Icewine-1 will test the significant liquids rich HRZ shale. Success will de-risk the shale play for further drilling. The Icewine project has risked mean prospective oil resources of 175.3...
Updated 2 years 1 week ago | 0 comments
China's state energy giants are reducing output from conventional natural gas fields as demand growth for the fuel eases to a multi-year low, local media and sources said, although shale gas targets are being maintained. Sinopec Corp and PetroChina have restricted production at two major conventional fields - Puguang and Anyue - in the Sichuan gas...
Updated 2 years 1 week ago | 0 comments
Solar power installations in the United States passed 20 gigawatts of capacity in the second quarter of this year, the industry said. The March-through-June period saw 1,393 megawatts of solar power capacity installed, dominated as usual by utility installations, pushing the total market above 20 gigawatts for the first time, the Solar Energy...

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