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Texas Oil Production Breaks New Record

Texas Oil Production Breaks New Record

Texas oil production broke its…

Kicking Mexico’s Addiction To U.S. Natural Gas

Kicking Mexico’s Addiction To U.S. Natural Gas

Mexico’s President Andres Manuel Lopez…

Energy / Energy-General

Foreign Oil Companies Near Commercial Output in Uganda

Foreign Oil Companies Near Commercial Output in Uganda

Jan 28, 2014 at 17:26 | Charles Kennedy

International oil companies have moved one step closer to launching commercial crude production in Uganda as the government announces the finalization of talks with foreign oil explorers and a…

2014 Detroit Auto Show: Proof that EVs can be Fun

2014 Detroit Auto Show: Proof that EVs can be Fun

Jan 28, 2014 at 17:15 | Juan Cole

I dropped by the Detroit Auto Show this weekend (its last this year) at Cobo Center as it was wrapping up. Regular readers know that I am a big fan…

Kazakhstan Could Leave U.S. Shale in the Dust

Kazakhstan Could Leave U.S. Shale in the Dust

Jan 27, 2014 at 17:19 | Daniel J. Graeber

A consortium in Kazakhstan led by U.S. supermajor Chevron said it set a production record in the country's western Tengiz oil field and last week, China said it was piping…

Chevron to Fight $5 Billion Nigeria Lawsuit

Chevron to Fight $5 Billion Nigeria Lawsuit

Jan 27, 2014 at 17:12 | Charles Kennedy

US oil giant Chevron has announced it will “vigorously” oppose a $5 billion lawsuit filed in the United States by Nigerians residing in the vicinity of a deadly offshore natural…

5 Political Risks Facing Oil Markets in 2014

5 Political Risks Facing Oil Markets in 2014

Jan 27, 2014 at 17:09 | Global Risk Insights

1. Energy revolution in North America shapes global marketsThe energy boom in North America will continue to change global energy trends in 2014 and is set to reverse…

More Trouble in the Arctic for Shell

More Trouble in the Arctic for Shell

Jan 24, 2014 at 17:06 | Charles Kennedy

A US court decision may delay Royal Dutch Shell’s drilling plans in the Arctic in a small victory for environmentalists and Native American groups.  A panel of judges…

Why Following EIA Forecasts is Dangerous for the US

Why Following EIA Forecasts is Dangerous for the US

Jan 24, 2014 at 17:01 | Post Carbon

Think back to early 2004. Oil cost around $40 per barrel—on the high side compared to the previous few decades but not much out of the ordinary. Gasoline still cost…

Rising Costs Hit Balance Sheets of Major Oil Companies

Rising Costs Hit Balance Sheets of Major Oil Companies

Jan 23, 2014 at 17:24 | Nick Cunningham

Quarterly earnings for Royal Dutch Shell have declined sharply due to large expenditures, delays, and lower than expected production. The oil-giant reported that it expects fourth quarter earnings from 2013…

All Eyes on Implementation of Mexican Oil Reform

All Eyes on Implementation of Mexican Oil Reform

Jan 23, 2014 at 17:17 | Joao Peixe

Mexico’s Congress is debating and drafting secondary laws to implement a sweeping energy reform bill passed last month that will open up the market to international oil and gas companies.…

Why Long Term Energy Forecasts are Wrong

Why Long Term Energy Forecasts are Wrong

Jan 23, 2014 at 17:14 | Gail Tverberg

What is the correct way to model the future course of energy and the economy? There are clearly huge amounts of oil, coal, and natural gas in the ground.  With…

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