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US to launch blitz of gas exports, eyes global energy dominance

The United States is poised to flood world markets with once-unthinkable quantities of liquefied natural gas as soon as this year, profoundly changing the geo-politics of global energy and posing a major threat to Russian gas dominance in Europe. “We anticipate becoming big players, and I think we’ll have a big impact,” said the Ernest…

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America’s ‘fracklog’ triples as producers withhold oil from the market

America has entered 2015 claiming the title of the world’s top producer of petroleum and natural gas hydrocarbons. But thanks to low oil prices, holes are drilled but uncompleted, and according to a new analysis, America’s ‘fracklog’ has skyrocketed. A Bloomberg Intelligence analysis found that the number of wells waiting to be hydraulically fractured, known…

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Shale oil production in Bakken, Eagle Ford up 1% in March: Bentek Energy

Oil production from key shale formations in North Dakota and Texas increased by 17,000 barrels per day (b/d), or 1%, in March versus February, according to Bentek Energy, an analytics and forecasting unit of Platts, a global provider of energy, petrochemicals, metals and agriculture information. In South Texas, Eagle Ford basin crude oil production averaged…

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Producers need to get smarter to avoid water scarcity halting the global shale gas revolution

Advancements in hydraulic fracturing and horizontal drilling techniques are quickly driving the development of the world’s shale resources, which are located in vast quantities everywhere from China to Mexico, and could increase the planet’s supply of clean-burning natural gas by an incredible 47% if they were all developed. But there’s one big problem facing the…

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North West Australia’s traditional owners reject fracking as part of oil production deal

Traditional owners in the Kimberley region of Western Australia have vetoed fracking as part of an agreement allowing the oil and gas exploration company Buru Energy to start commercial production at an onshore oil field in the Fitzroy Valley. The native title agreement with the Yawuru people, authorised by traditional owners at a meeting on…

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