The International Energy Agency on Friday projected that OPEC's move to scrap its production limits last week would have a detrimental impact on competing shale oil production, and it estimated that the world would continue to see an oversupply into 2016, The Wall Street Journal reports.
The local government in Lancashire County in England dealt a blow to British efforts to develop shale resources, rejecting a plan from Cuadrilla Resources to use hydraulic fracturing to extract natural gas, The New York Times reports.
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.
Pioneer Natural Resources is the second U.S. firm, after Enterprise Products, to begin exploring how to take advantage of the end of the U.S. oil export ban and could begin shipments by the middle of next year, The Hill reports.
Two competing initiatives designed to give Florida residents a constitutional right to rooftop solar energy are running out of time without enough signatures yet to make next November's ballot, the Naples Daily News reports.
SolarCity CEO Lyndon Rive joined Sen. Charles E. Schumer in Buffalo this week to call the five-year extension of a federal tax subsidy "super important" to the continued growth of the solar power industry, The Buffalo News reports.
Continued concerns about oversupply forced oil prices downward early Wednesday, nearing an 11-year low already reached once this week. London Brent fell 31 cents to $37.05 a barrel while U.S. crude remained unchanged at $37.50, Reuters reports.
A group of researchers at MIT, the University of California-Berkeley, and the University of Colorado have developed a new computer microchip that uses optical technology and creates the potential to make future computer data centers more energy efficient, the journal Science reports.
A Japanese court on Thursday rejected safety concerns and approved letting Kansai Electric Power, the country's second biggest utility, restart four nuclear reactors shuttered since the 2011 Fukushima disaster, Reuters reports.