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Montevideo, May 8th 2024 - 05:03 UTC

Tag: Oilprice.com

  • Friday, August 1st 2014 - 14:52 UTC

    Five industries worried about peak oil

    From war veterans seeking a replacement limb to young children who run with scissors, crude oil helps; not to say bandages and artificial arms and legs alike

    The debate over the impact of peak oil has been raging for decades. Although few deny that the end of mass oil consumption is drawing nearer, educated estimates now range between 2020 and 2030.

  • Tuesday, July 1st 2014 - 23:16 UTC

    Could gang violence end Mexico's shale dream?

    Mexican President Enrique Peña Nieto's goal is a production of 3 million barrels of oil per day by 2018

    Violence in Mexico could thwart hopes of a budding shale boom, as oil and gas companies operating in Texas may think twice about moving south of the border.
    Mexico holds an estimated 545 trillion cubic feet of technically recoverable shale gas and 13 billion barrels of shale oil, but progress in developing those resources has been slow.

  • Tuesday, June 10th 2014 - 13:17 UTC

    Obama's climate plan is leaking methane

    By the EPA's own estimate, coal generation will decline by 20% to 22% by 2020.

    The United States Environmental Protection Agency's new regulations aimed at reducing carbon emissions by 30% will no doubt lead to a cleaner economy. But the road there will be paved with methane. By requiring reductions in the energy intensity per megawatt-hour of electricity generation, utilities will have the ability to choose from an array of options for how to meet the targets.

  • Sunday, June 1st 2014 - 12:59 UTC

    Exxon, BP defy White House and extend partnership with Russia

    ”(They're) eager to continue work on projects in Russia,” Russia's Energy Minister Novak said of ExxonMobil and Shell

    Several of the largest oil companies in the world are doubling down in Russia despite moves by the West to isolate Russia and its economy. ExxonMobil and BP separately signed agreements with Rosneft – Russia's state-owned oil company – to extend and deepen their relationships for energy exploration.

  • Wednesday, May 28th 2014 - 20:54 UTC

    China's oil giant at center of corruption probe

    There's a spiraling drive against corruption that has become a hallmark of President Xi Jinping's rule

    Grins were on the faces of China National Petroleum executives last week as they celebrated a blockbuster 30-year deal for Russian gas. It was a good day for CNPC, the state-owned colossus at the center of China's oil and gas webs and one of Eurasia's biggest energy investors.

  • Saturday, May 24th 2014 - 00:37 UTC

    The California shale bubble just burst

    Santa Cruz county and Los Angeles banned fracking

    The great hype surrounding the advent of a shale gas bonanza in California may turn out to be just that: hype. The U.S. Energy Information Administration (EIA) – the statistical arm of the Department of Energy – has downgraded its estimate of the total amount of recoverable oil in the Monterey Shale by a whopping 96%. Its previous estimate pegged the recoverable resource in California’s shale formation at 13.7 billion barrels but it now only thinks that there are 600 million barrels available.

  • Friday, March 28th 2014 - 19:45 UTC

    Why Ukraine's next president doesn't matter

    James Stafford is the Editor of Oilprice.com

    By James Stafford, Oilprice.com - Having ridden roughshod over Ukraine, Russia's annexation of the Crimea is now over and a new chapter in Ukrainian politics is about to begin—but it won't be much different than the last chapter, with the same old faces surfacing for May presidential elections.

  • Thursday, February 13th 2014 - 19:30 UTC

    The Golden Age of Gas, Possibly: Interview with the IEA

    IEA Executive Director Maria van der Hoeven: the potential for such a golden age certainly exists, but...

    The potential for a golden age of gas comes along with a big “if” regarding environmental and social impact. The International Energy Agency (IEA)—the “global energy authority”--believes that this age of gas can be golden, and that unconventional gas can be produced in an environmentally acceptable way.

  • Tuesday, January 28th 2014 - 05:17 UTC

    Market disruptor: nuclear restarts spells trouble for LNG

    There is a world boom in LNG because of the Japanese demand

    By Nick Cunningham of Oilprice.com - There are two major factors that have emerged in the last five years that have sparked a surge in LNG investments. First is the shale gas “revolution” in the United States, which allowed the U.S. to vault to the top spot in the world for natural gas production.

  • Saturday, October 12th 2013 - 10:19 UTC

    Balancing Geological Potential and Political Risk: Interview with Tony Hayward

    Former BP chief and current CEO of Genel Energy, Tony Hayward

    From Kurdistan to Somaliland, for independent oil companies, getting your hands on new exploration acreage where both technical risk and political risk are low is impossible. Exploring for oil and gas in new frontiers is all about striking the right balance between geological potential and political risk. Take it from Anglo-Turkish Genel Energy, the largest producer in the Kurdistan Region of Iraq (KRI), where it seems nothing can shake investor confidence right now.