(Bloomberg) — The geologist who earned the wrath of shale drillers a decade ago with forecasts that natural gas was about to run out is now warning that the Permian Basin has…
Shale’s big boost comes with newfound thrift as oil hits $70
The shale boom’s back in full swing, with fracking crews the busiest since 2014. The novelty this time around: Oil executives stressing their prudence, along with their production. The combination of surging…
Russian Oil Giants Get Record Prices, But Not Profits to Match
The price of crude in rubles has surged to an all-time high, but Russian oil producers will miss out on record first-quarter profit because of a rising tax burden. Investors in Lukoil…
Europe Awakens for LNG to Rival China as Own Gas Runs Out
Europe is starting to steal some of the limelight from China’s booming liquefied natural gas demand as imports pick up after several lackluster years. Europe and China will be comparable in significance…
For Big Oil, reserve size matters less than ever
LONDON (Reuters) – A decade ago, the news that the world’s top oil and gas companies had less than 12 years of production left in their reserves might have caused a panicked…
Higher oil prices offer ‘temporary relief’ to Mena exporters: IIF
Higher oil prices offer “temporary” relief to the oil exporters of the Middle East and North Africa (Mena) whose economic prospects are improving, according to the Institute of International Finance (IIF), the…
UK could face court action over air pollution after EU warning: ‘We can delay no more’
Proposals made on Tuesday are ‘not substantial enough to change the big picture’ Nine European countries including the UK could face legal action if they fail to make progress on reducing air pollution,…
EU Commission warns members it will get tough on pollution
BRUSSELS (Reuters) – The European Commission said on Tuesday it would get tough on air quality and penalize members that breached EU rules on pollutants such as nitrogen oxide and particulate matter….
A Trump Darling, Gas Exports, Set to Gain as Iran Deal Dies
Another darling of the Trump administration is poised to gain from the Iran deal breakup as oil surges: Natural gas exports. With the move to curb Iran’s oil output encouraging more shale…
Rethink Gas for the Future EU
The degree to which Europe increases its use of gas will depend on the regulations put in place, on the efficiency of the emissions trading system and on the ability to prove…