U.S. oil production from the country's fastest-growing shale plays is set to rise by some 89,000 barrels per day in September from a month earlier, Energy Information Administration data showed on Monday.
Japan and the United States will jointly develop a fuel-cell powered submarine that can run for a month under the sea on a single charge, a report said Friday.
The American shale gas boom has the potential to revitalize domestic manufacturing, and a new report from a University of Michigan-led panel recommends steps to make that happen in a responsible manner.
Taylor Consulting reports that its latest estimates for the Cline Shale formation predict that the formation could soon kick off the biggest oil and gas boom in U.S. history.
Subsea 7 S.A. has acted to facilitate use of its vessels for energy development related projects executed in US waters, the company reported in a news release.
Lifting the 1970’s-era restrictions on U.S.
Bloomberg reports that BHP Billiton Ltd. (BHP), the world’s biggest mining company, signaled it will expand in the shale oil and gas industry in the U.S., forecasting global commodity demand will jump 75 percent over the next 15 years.
U.S. oil giant Chevron is planning a new downtown office tower to accommodate its expansion in the city, the Houston Business Journal reported. According to the newspaper, the expansion could bring another 1,752 jobs to the city.
A subsidiary of Gunvor Group Ltd., the independent energy trader, was served a subpoena by the U.S. Attorney’s office in April 2011 for documents relating to its oil-trading activities, Bloomberg reports.
The U.S. shale boom will send “shockwaves” through the global oil trade over the next five years, benefiting the nation’s refiners and displacing OPEC as the driver of supply growth, the IEA said, according to Bloomberg.