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Combined production of crude oil, gas and condensates in the US is on course to a hit a record this year, passing the previous peak set in 1972. The rise in output has confounded the famous forecast made by Shell geologist M King Hubbert who
To accommodate this surge in production, energy companies will need to spend nearly $70 billion on natural-gas infrastructure such as pipelines and gas gathering lines over the next two decades. WPZ ) , arguably the best-positioned midstream
recently held its 2014 analyst meeting, where management reviewed its performance last year and its major priorities going forward. Management took pride in the company's performance last year, in which it generated healthy production growth.
Provides Improved Guidance James River Coal Company faces changing dynamics in the coal industry and has filed for bankruptcy protection, in order to restructure its balance sheet and continue operations. Chapter 11 bankruptcy protection under the US
And for five natural gas stocks that were early to the Marcellus party, that's going to spell bigger-than-expected profits...And Morningstar predicted that the Marcellus will account for one-quarter of all U.S. natural gas production by 2015, with
This was discussed at the briefing of the Minister of Energy and Coal Industry Yuriy Prodan in the building of the Cabinet of Ministers of Ukraine. The Minister stressed that the basis of energy security is the ensuring of the country with energy
Europe, seeking to reduce its dependence on Russian natural gas, is encouraging political leaders to step up efforts to tap the region's shale gas deposits. Jose Manuel Barroso, president of the European Commission, the EU's executive body, said
The White House announced a wide-ranging plan Friday aimed at cutting methane emissions from oil and gas drilling, landfills and other sources. The plan, part of President Obama's strategy to reduce greenhouse gas emissions that contribute to global
Mukesh Ambani-owned Reliance Industries Ltd suffered a huge setback tonight after the Election Commission directed the petroleum ministry to put off plans to introduce a gas pricing policy from April 1. The freeze was ordered as the Supreme Court had
is making big strategic moves that are set to fuel its future. Specifically, the company is placing its bets in the United States. This makes a lot of sense, since domestic oil and gas production is ramping up and is now at levels not seen in decades.