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Fossil fuel forecast: a huge role

Leaders of BP and ConocoPhillips called Wednesday for greater access to and development of oil and natural gas fields, as a BP report showed fossil fuels will continue to dominate the world’s energy...

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U.S. on brink of strong oil, gas growth, Senate panel told

Higher crude oil prices, breakthroughs in technology, and more access to prospective acreage are creating a US oil production revival that is a major break from nearly 40 years of declining production,...

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U.S. oil gusher blows out projections

The United States’ rapidly declining crude oil supply has made a stunning about-face, shredding federal oil projections and putting energy independence in sight of some analyst forecasts.After...

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New figures on shale gas optimistic

The Marcellus shale's bounty of natural gas is likely close to some of the most optimistic early projections, according to the private sector and university researchers who have been butting heads with...

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Snapshot shows wells producing at high rates

Natural gas wells using the drilling method known as hydraulic fracturing are producing at a much higher rate than traditional wells, according to the first look at production figures from nine active...

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Alberta oil exports threatened by surging U.S. output

"Life moves pretty fast. If you don't stop and look around once in a while, you could miss it." - Ferris Bueller, from the 1986 movie Ferris Bueller's Day OffOur politicians could learn a thing or two...

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Obama issues order to coordinate fracking oversight

In a move that immediately drew praise from across the energy industry, President Obama on Friday issued an executive order to better coordinate federal oversight of “fracking,” the popular but...

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Subsea Robotics: Making Science Fiction a Reality for Offshore Oil and Gas

The evolution of robots working offshore is an indication of the changing nature of offshore development. What is being talked about and displayed at the 2012 Offshore Technology Conference are...

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RPSEA Selects Second Round of Projects to Award $35 Million for the...

The Research Partnership to Secure Energy for America (RPSEA) announces 13 proposals under the Ultra-Deepwater Program have been selected for negotiations leading to an award under its contract with...

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Gas Demand to Rise 17% by 2017 on Asia, U.S., IEA Says

Natural-gas consumption may rise 17 percent by 2017 from last year as demand surges in Asia and the U.S., according to the International Energy Agency. China’s use of the fuel will double while...

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America’s New Energy Reality

AMERICA needs a new political discourse on energy. This would recognize the emerging reality that the United States has turned around as an energy producer and is on a major upswing. And the impact...

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RPSEA Selects Projects to Award $8.4 Million for the Small Producer Program

The Research Partnership to Secure Energy for America (RPSEA) announces nine proposals under the Small Producer Program have been selected for negotiations leading to an award under its contract with...

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Deputy Energy Secretary: Technology key to harnessing natural gas potential

The following was written by Deputy Energy Secretary Daniel Poneman. During a visit to Houston last week, Poneman announced the winners of federal grants to develop technology for using natural gas to...

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US Chamber official makes case for shale energy in WV

The world's largest business federation is throwing its weight behind shale gas, and one of its officials took the time to celebrate new "Shale Works for US" campaign in West Virginia on July 24.Karen...

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USGS Releases U.S. Oil & Gas Reserve Growth Estimate

The U.S. Geological Survey (USGS) released on Tuesday, August 14,  a new estimate for potential additions to domestic oil and gas reserves from reserve growth in discovered, conventional accumulations...

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Deepwater GOM Rig Count to Pass Pre-Moratorium Levels by Year-End

The Gulf of Mexico deepwater rig count should surpass pre-moratorium levels by the end of 2012 and reach 45 to 50 rigs by 2014, according to Barclays Capital's September 2012 drilling permit report.The...

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U.S. May Soon Become World’s Top Oil Producer

U.S. oil output is surging so fast that the United States could soon overtake Saudi Arabia as the world’s biggest producer. Driven by high prices and new drilling methods, U.S. production of crude and...

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U.S. Natural Gas Exports Poised For Takeoff

Shale gas is the energy topic of the day.  Production is increasing, but so is gas demand – for electric generation, transportation, and as an industrial feedstock. However, perhaps the most...

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Total Bids of $157MM Seen for Western Gulf Sale 229

Wednesday's Western Gulf of Mexico Lease Sale 229 garnered high bids of $133.8 million and total bids of approximately $157 million.Bureau of Ocean Energy Management (BOEM) officials said the sale, the...

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Gulf of Mexico will be strongest offshore market, analysts say

The deepwater Gulf of Mexico is poised for a strong comeback, with the number of floating rigs growing from about 36 today to 60 in 2015, analysts at the International Strategy and Investment Group...

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