A recent U.S. Energy Information Administration (EIA) report predicts that heating oil prices in the Northeast will increase to record levels this winter.
The cost involved in drilling a well in the Eagle Ford shale has soared from approximately $5.3 million to as much as $10 million, according to an expert in exploration and production.
A ConocoPhillips official stated on October 12 that the recently discovered abundance of shale gas in the country has produced a false perception of significant oversupplies.
Chevron Technology Ventures, a division of Chevron U.S.A. Inc. (CVX:NYSE), demonstrated its new solar energy product on October 3, according to a statement.
Chevron Technology Ventures, a division of Chevron U.S.A. Inc. (CVX:NYSE), demonstrated its new solar energy product on October 3, according to a statement.
China is planning on implementing a value-based tax on sales of natural gas and oil throughout the nation starting in November, according to a statement made by the Ministry of Finance on October 10.
For the week ending October 7, the number of U.S. rigs used for drilling related to natural gas and crude oil increased surpassed 2,000 for the first time since the week ending September 19, 2008.
A Pennsylvania court case that has the potential to reverse a century of case law and several Marcellus shale gas leases has been appealed to the state's Supreme Court.
