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Tag Archives: The Americas

Wolfcamp Shale to see $12 billion worth of investments this year

Corey Paul | The Odessa American (Odessa, Texas) Capital investment in horizontal drilling operations targeting the Wolfcamp Shale should exceed $12 billion this year and surpass the amount invested in the booming Bakken Shale of North Dakota by 2017, according to a recent analysis by the firm Wood Mackenzie in Houston. That compares to about a $9 billion capital expenditure ...

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The world power of American energy

Conor O’Sullivan | Breaking Energy The quest to encourage better behavior from Russia continues. President Obama and the European Union this week announced new sanctions to protest Russia’s involvement in Ukraine, measures that focus on Russia’s energy, arms and finance sectors. The president: “Today … the United States is imposing new sanctions in key sectors of the Russian economy:  energy, ...

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Armed with new technology, oil drillers revisit Gulf of Mexico

Swetha Gopinath and Sayantani Ghosh | Reuters  Advances in drilling technology are reviving the prospects of oil companies in shallow parts of the Gulf of Mexico, helping to squeeze more from older fields while the U.S. shale bonanza lures others onshore. Apache Corp and a handful of smaller independent companies are using seismic surveying and horizontal drilling – techniques perfected ...

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In Ukraine Crisis Wake: Geopolitics and a case for European LNG import terminals

Jared Anderson | Breaking Energy The global LNG supply options are broadening with new LNG export projects – both under construction and proposed – mushrooming especially in Australia, the US, Canada, Papua New Guinea, Mozambique, Tanzania et cetera. Conceivably, a severe competition in the global LNG market is in the not so distant future. What impact this “golden age of ...

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Texas Tech develops mat that could absorb oil spills

texas tech

Edwin Delgado | The San Antonio Express-News SAN ANTONIO — A Texas Tech University research team has discovered that low-grade cotton made into an absorbent nonwoven mat is capable of collecting up to 50 times its own weight in oil. The results were published online in the July edition of the American Chemical Society’s journal Industry & Engineering Chemistry Research. The ...

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WellWiki shines light on North America’s oil and gas wells

pump jack

Lisa Song | InsideClimate News When residents of America’s fracking communities want to know if a particular oil or gas well in their neighborhood has a good environmental track record, they usually face the cumbersome task of searching through state records, which can take hours. Now, a new website called WellWiki is trying to eliminate that frustration by making user-friendly ...

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Man on FBI’s Most Wanted list in custody

NEW ORLEANS (AP) — A man on the FBI’s Ten Most Wanted Fugitives list in connection with a 2008 rape and homicide has been captured and brought to Louisiana, where the crime took place. The FBI reports on its website that Jose Manuel Garcia Guevara surrendered to authorities in Mexico and was returned to Lake Charles, Louisiana, Wednesday morning. Related: Man ...

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Shell profit up on higher oil prices

AMSTERDAM (AP) — Royal Dutch Shell PLC, Europe’s largest oil company, says second quarter earnings rose on higher production and higher selling prices for oil, and fewer one-time charges. Net profit was $5.31 billion, up from $1.74 billion in the same period a year earlier. Shell booked net one-time charges of $979 million in the quarter, down from $2.21 billion ...

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Energy boom brings new focus on rail, pipeline safety


Jeffrey Stinson | Stateline.org WASHINGTON – The sharp increase in U.S. oil production and its promise of energy independence is coming with a disastrous byproduct: spills that threaten lives, communities and the environment. In the past 18 months, about 1.2 million gallons of crude oil produced in the U.S. or Canada has been spilled from train cars and pipelines in ...

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