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.
Saying that stiffer safety requirements under consideration are not enough, Sen. Charles Schumer, D-N.Y., has written to the Energy and Transportation Secretaries, demanding that volatile gases get removed from crude before it is transported by rail, FuelFix reports.
Appropriations subcommittee chair Sen. Lamar Alexander, R-Tenn., told members of the Nuclear Regulatory Commission Wednesday that the agency needs to ask for more money to move forward on the planned Yucca Mountain nuclear waste repository, The Hill reports.
Criticizing the management practices of Chemical Safety Board chief Rafael Moure-Eraso, Democratic and Repubican members of the House Oversight and Government Reform Committee are demanding that he resign before his term ends in June, National Journal reports.
Voters in Hermosa Beach have turned thumbs down on a plan to allow oil drilling in a municipal parking lot, which means the California community will have to pay $17.5 million to terminate a contract with E&B Natural Resources, The New York Times reports.
Oil companies from China, Norway, Austria and Dubai – as well as Houston’s Occidental Petroleum – are withdrawing staff and winding down operations in Yemen as unrest in the country escalates, The Wall Street Journal reports.
France’s troubled state-owned nuclear operator Areva has to cut costs and find a way to manage tricky projects that are hurting its bottom line, CEO Philippe Knoche said after the company reported a loss of almost $5.4 billion last year, The New York Times reports.
Did Secretary of State Hillary Clinton's ties to the oil industry affect the State Department's review of the Keystone pipeline? Environmental groups are concerned that her use of private email for official business might make it harder to find out, National Journal reports.
Democratic Gov. Tom Wolf has proposed replacing Pennsylvania’s impact fee – a flat charge on each well drilled – with a severance tax on the value and quantity of the gas extracted, the Pittsburgh Post-Gazette reports.