In addition to being at the forefront of oil and natural gas production, Texas is a leader in renewable energy.
The question is not whether the industry will change to meet these challenges. It’s how it will change.
A report released by the U.S. Energy Information Administration revealed that natural gas production from hydraulically fractured wells make up 67% of the total marketed U.S. gas production.
Crude imports for the first four months of the year were 123.7 million tonnes, equivalent to about 7.46 MMbbl/d.
The U.S. government has selected nine institutions, led by Penn State, to form the University Coalition for Fossil Energy Research with a $20 million grant.
Short-term interruptions to crude output, including wildfires in Alberta and problems with Libya’s exports, have failed to provide a sustained boost to either spot prices or time spreads.
Trelleborg encourages people to share ideas while Technip provides an unforgettable virtual experience, just some of the OTC show floor attractions.
One recent report found that taxpayers may lose more than $800 million in revenue over the next decade due to venting and flaring on public lands if no action is taken.
Diversification requires developing industries which have nothing to do with the extraction of oil and spending of oil-related revenue.
The company’s charitable foundation has awarded over $45 million in grants with more funds going to the fight against malaria and Houston area flood relief efforts.
The meeting in Qatar on April 17 effectively pushed a reset button on the crude markets, putting the situation back to where the market was before hopes of producer discipline were raised.
Oil and gas companies are still cutting jobs to cope with lower profit margins as rig counts, production and drilling permits fall.