The U.S. Department of the Interior announced Thursday the Permian Basin’s Wolfcamp shale and Bone Spring formation spanning parts of West Texas and eastern New Mexico hold the largest potential oil and gas resources ever discovered. Federal surveyors note the Bone Spring plays could offer roughly seven times the amount of oil as the Bakken shale in North Dakota.
In the 2018 midterm elections, voters in several states cast ballots in favor of energy and natural gas development.
A new underwater pipeline connecting Israel’s natural gas reserves to Greece, Italy, and Cyprus will eventually give all of Europe a new source of energy to challenge traditional suppliers in Russia and the Middle East.
Europe needs to diversify its energy supplies to cut its dependency on Russia, U.S. Energy Secretary Rick Perry said Tuesday.
A group of German lawmakers have accused Angela Merkel of working to place Germany under Russian influence as she pushes on with a gas pipeline that would see central Europe directly connected to Russia for energy — just months after U.S. President Donald Trump warned against the potential consequences of the project.
The Federal Reserve Bank of Dallas announced this week that the oil and gas industry remained strong in the third quarter of 2018. The good news came amid pipeline capacity concerns in the Permian Basin.
NICOSIA, Cyprus — Cyprus and Egypt on Wednesday signed an agreement paving the way for the Mediterranean’s first sub-sea pipeline to carry Cypriot natural gas to the Arab country for re-export to Europe.
Polish President Andrzej Duda raised alarms Tuesday at the White House to the danger of a gas pipeline from Russia to Germany that President Donald Trump alerted to at a summer NATO summit.
President Trump’s America First energy policy has catapulted the U.S. to the world’s largest global crude oil producer, according to the EIA.
Leaders of five Caspian Sea nations — Russia, Kazakhstan, Iran, Azerbaijan, and Turkmenistan — reportedly signed a historic agreement on Sunday that aims to settle a longstanding dispute over ownership of oil and gas reserves on the landlocked body of water.
The American Petroleum Institute’s (API) June statistical report released on Thursday shows the highest-ever production of U.S. crude oil and natural gas liquids.
The Eagle Ford shale formation, a Texas oil and natural gas powerhouse, appears primed for another energy boom. According to the latest report from the U.S. Geological Survey (USGS), the land sits on billions of barrels of untapped oil and natural gas.
The Permian Basin, already considered a major force among the world’s oil producers, will double its output to reach 5.4 million barrels per day (mbd) by 2023, according to a report released Wednesday.
Bernie Marcus writes that President Trump’s National Security Strategy tells us that we must “embrace energy dominance” by “unleashing our abundant energy resources,” including natural gas. If we follow that course, we could break free of the stranglehold of OPEC.
Saudi oil executives inked multi-billion dollar deals with companies to explore building petrochemical facilities along the Texas Gulf Coast. Essentially, they hope to capitalize on the U.S. oil and gas boom, largely fueled by shale drilling in the Permian Basin.
Israel’s energy minister said this week that the country aims to eliminate the use of coal, gasoline and diesel fuel by 2030.
JERUSALEM – Israel has struck an “historic” contract for sales of billions of dollars’ worth of natural gas to Egypt, Prime Minister Benjamin Netanyahu announced Monday.
China most definitely had some work to do at improving air quality, with the ashtray skies of major cities having become a constant source of both embarrassment and illness, but the authoritarian government found it necessary to reverse a recent ban on coal because the peasants were freezing.
Israel and European nations will sign a memorandum of understanding on Tuesday to advance the construction of the world’s longest underwater gas pipeline, the financial news outlet Globes reported.
TEL AVIV – Royal Dutch Shell Plc is considering buying natural gas from Israel and Cyprus in a measure that could turn the Mediterranean region into a major gas-producing hub, Bloomberg News reported Monday.
U.S. President Donald Trump emphasized the importance of energy independence for the Three Seas nations in order to “remain sovereign, secure, and free from foreign coercion” as he spoke to the leaders of the 12 nations situated between the Baltic, Black, and Adriatic Seas at a summit in Warsaw, Poland on Thursday.
The former Treasury Secretary is worried that exports will drive up prices for U.S. consumers.
When one thinks of the richest regions of the United States, the opulence of Rodeo Drive in Beverly Hills, the high-end lifestyle of New York’s Tribeca, and the high-tech high life of the Silicon Valley may come to mind, but when ranking the wealthiest counties in the nation, the top spot went to an unassuming, small, south Texas locale.
Within the first year after the federal government lifted its ban on exporting American oil, Texas producers are seeing spikes in demand on the international market.
Texas leads the nation with the most economically-recovered cities since the Great Recession, says a new study by WalletHub.
The BrightSource Ivanpah Solar Electric Generating Facility, which uses 320,000 mirrors to create thermal energy, still qualifies under state rules as an alternative energy source, despite using about 1.4 billion cubic feet of natural gas a year, according to a report by the Press Telegram.
TEL AVIV – Israel is set to double its annual water supply to Jordan as the country suffers from a deepening water crisis, made worse by the influx of refugees flooding its borders since the Syrian civil war broke out.
Iran is adopting Donald Trump’s Art of the Deal strategy by scrambling to sign Western energy deals as bargaining chips before confronting the President-elect, who once called the Iran nuclear deal “one of the worst deals ever made by any country in history.”
The partners in the Leviathan natural gas field off Israel’s coast said on Thursday they signed a deal worth about $2 billion to supply gas to Dalia Power Engines.
A western Texas oil and natural gas shale formation was labeled the “largest” of its kind by the U.S. Geological Survey on Tuesday.
Israel and Turkey have discussed the possibility of building a natural gas pipeline between the two countries, Israel’s energy minister said on Thursday, in the first Israeli ministerial visit to Turkey since ties were ruptured six years ago.
Jordan on Monday defended its deal to buy Israeli natural gas that has stirred public opposition, insisting the accord would not leave the Arab country reliant on the Jewish state.
People in seven states, from South Dakota to Texas, were awakened Saturday morning, September 3, by Oklahoma’s most powerful earthquake in recorded history. The 5.8 tremor was centered near Pawnee, Oklahoma. Several buildings sustained minor damage and there were no serious injuries. That we know.
A collective of environmental conservation groups are pushing Washington to list the lesser prairie chicken as an endangered species, which could negatively impact local energy production and farmers.
ASSOCIATED PRESS — One of the largest oil producers in the U.S. is purchasing a privately-held New Mexico company and some of its subsidiaries in a $2.5 billion deal that will expand its footprint in major energy-producing basins in the West.
ASSOCIATED PRESS — Canada’s Enbridge is buying Houston-based Spectra Energy for about $28 billion, creating North America’s largest energy infrastructure company.
If a country’s goal is to decrease carbon emissions by increasing reliance on renewable energy, it only makes sense to install the new equipment in the location with the best potential—both in geography and government.
A leading solar power lobbying organization’s promises of growth in Texas continue to sit under a cloud of economic challenges. Amid cheap natural gas prices and established wind farms in much of the solar-friendly regions, solar panel arrays are proving a tough sell.
Death Valley, California, is known as “the hottest place on earth.” But, if you hear the news that the “Hottest Place on Earth Has Record-Breaking Hot June”—when “temperatures exceeded average June temperatures by about 6 °F”—it might be easy to ascribe the heat to alarmist claims of climate change. As Southern California experienced power outages due to a heat wave, Death Valley hit 126 °F—though the previous June high reached 129 °F on June 30, 2013, and it holds the highest officially recorded temperature on the planet: 134 °F on July 10, 1913.
The Jerusalem Post reports: Israel’s natural gas discoveries could be key in transforming diplomatic relations in the region while boosting its growing economy, a number of experts said on Monday at the Jerusalem Post Annual Conference in New York.
