The Alberta Environment Ministry issued a drinking water warning after a storage pond at the Obed Mountain coal mine spilled water contaminated with coal and shale particles into the Athabasca River, Bloomberg reports.
A Reuters survey of energy and financial analysts projected that the cost of Brent crude will average 95 dollars a barrel -- 80 dollars in real terms -- in 2020. That's a drop of 20 dollars since last year's survey, and it's thought due to the shale boom.
COLUMBUS, Ohio (AP) — Ohio Gov. John Kasich's claim that a single energy company could recover $1 trillion worth of oil and gas from the state's shale is an exorbitant overestimate, according to experts interviewed by The Associated Press.
At current oil prices, that figure represents more than four times U.S. oil production last year. Viewed another way, every drop of oil produced in America for the next four years will be worth roughly $800 billion, based on current prices and production rates.
The number of oversize and overweight trucks using county roads and bridges in North Dakota’s oil patch has more than doubled in three years, and while counties are collecting millions of dollars in permit fees, officials say the money isn’t enough or even earmarked for road maintenance, The Associated Press reports.
Power generated by the planned Hancock Wind project in Maine will be sold to Burlington Electric Department in Vermont, according to a deal announced Friday by wind farm operator First Wind, the Boston Globe reports.
Virginia's has moved closer to its goal of setting up a research turbine on the Outer Continental Shelf off the state's coast to gather wind data, now that BOEM has found no competing interests in the area, Newsplex.com reports.
ConocoPhillips said Friday it will set aside more than half of its $16.7 billion budget next year for North American shale projects, adding that it expects to hit its production target of 1,600 barrels a day, Reuters reports.
Cheniere's soaring share price hit a new record high Thursday and then again on Friday, following news of a deal to supply natural gas to Indonesia from a Corpus Christi facility that's still in the planning stages, according to Fuelfix.
Solaria has filed suit against a federal agency, seeking nearly $30 million after the Overseas Private Investment Corp. walked away from a deal with the California solar firm despite signing a commitment letter offering financing.
U.S. oil prices will remain relatively low and demand will increase, according to a Goldman Sachs analyst, who predicts the commodity cycle dominated by strong demand from China and India will turn "upside down," Reuters reports.
A Colorado State University professor says the oil and gas industry has helped the state recover from the recession, according to the Reporter-Herald, though not without social and environmental costs.