As extraction costs decrease and the Energy Department renews focus on research, some scientists say methane hydrates, gas trapped in ice, have strong potential to be a major source of U.S. energy in the future, National Journal reports.
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.
Kinder Morgan has filed a request with the Maine Public Utilities Commission to take capacity on its planned Northeast Energy Direct Project, which the company hopes would bring as much as 2.2 billion cubic feet of natural gas per day into New England, FuelFix reports.
Egypt and Jordan have expressed interest in buying natural gas from Cyprus, the country’s energy minister Yiorgos Lakkotrypis said Thursday, ahead of the beginning of exploratory offshore drilling by an international consortium in a field controlled by Noble Energy and Israeli partners, The Associated Press reports.
Bakken Shale giant Continental – with Jack Stark newly promoted as president and COO -- told analysts Thursday that the South Central Oklahoma Oil Play, or SCOOP, could hold as much as 3.6 billion barrels of oil and gas equivalent, The Financial Times reports.
A report from the New York Independent System Operator says distributed generation could ease potential electricity shortfalls predicted to hit southeastern New York in 2019, a year earlier than previous projections had indicated, according to Platts.
The Senate, on a voice vote, has confirmed Elizabeth Sherwood-Randall to become Deputy Energy Secretary, the number two slot in the department, replacing the departing Daniel Poneman, The Hill reports.
Fifty fellow Democrats support his bid to become the ranking member on the House Energy and Commerce Committee, according to a letter released by N.J. Rep. Frank Pallone Thursday, while House Minority Leader Rep. Nancy Pelosi has released a letter reiterating her support for his rival, fellow Californian Rep. Anna Eshoo, The Hill reports.
Institutional investors handling $24 trillion in assets – more than 340 of them – say leaders attending the U.N. climate summit next week should encourage cleaner energy through carbon taxes or cap-and-trade policies, Reuters reports, and the groups leading the call have elaborated in a report.
The Department of Housing and Urban Development has a $1 billion pot to be split among communities that come up with the best ideas to handle damage from extreme weather in the National Disaster Resilience Competition, E&E reports.
From its present estimate of $5.4 billion, the cost of building the long-delayed Keystone XL pipeline could end up at $10 billion, CEO Russ Girling told The Wall Street Journal in an interview, six years after the company first submitted its permit application for the project.