• U.S. Shale Oil And Gas Sector Surges Back To Life

    • Date: 23/01/17
    • John Kemp, Reuters

    The number of rigs drilling for oil and gas in the United States has recorded the largest one-week increase for over five years, confirming a rapid upturn is now underway. The number of active oil and gas rigs jumped by 35 to 694 last week, according to oilfield services company Baker Hughes. Some of the […]

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  • Trump’s Victory Creates Uncertainty For Wind And Solar Subsidies

    • Date: 22/01/17
    • Associated Press

    President Donald Trump has disputed climate change, pledged a revival of coal and disparaged wind power, and his nominee to head the Energy Department was once highly skeptical of the agency’s value. What this means for states’ efforts to promote renewable energy is an open question. States that are pushing for greater reliance on wind […]

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  • OPEC Braces For U.S. Shale Threat To Oil Deal

    • Date: 22/01/17
    • Jillian Ambrose, The Daily Telegraph

    Opec’s plan to drain the flood of oil that continues to hold market prices down could be foiled by the steady return of US shale oil producers. CREDIT: VICTOR R. CAIVANO The cartel’s own data shows that it may need to extend a global deal to limit oil flows into the market for longer than the […]

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  • Trump Administration To Accelerate Shale Revolution

    • Date: 21/01/17
    • Platts

    An “American First Energy Plan” posted to the White House’s website as US President Donald Trump took office Friday promises to “embrace the shale oil and gas revolution.” “We must take advantage of the estimated $50 trillion in untapped shale, oil and natural gas reserves, especially those on federal lands that the American people own,” […]

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  • Trump’s Energy Revolution Poses Many Challenges

    • Date: 20/01/17
    • Gregory Meyer, Financial Times

    As Donald Trump moves into the White House, it would be hard to dream up a cabinet friendlier to fossil fuels. His nominees include Rex Tillerson, the former ExxonMobil chief tapped for secretary of state; Scott Pruitt, picked to run the environmental watchdog he fought as Oklahoma attorney-general; and Rick Perry, a former Texas governor […]

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  • Fracking Is Acceptable, Says Church of England

    • Date: 19/01/17
    • Emily Gosden, The Times

    The Church of England has concluded that fracking can be morally acceptable in a move that shale gas explorers hope could pave the way for drilling to take place on church land. After years of internal debate on the issue, the church has published an extensive briefing paper giving cautious support for fracking subject to […]

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  • Rising U.S. Shale-Oil Output Threatens OPEC’s Production Pact

    • Date: 18/01/17

    Output in Permian Basin poised to lead jump The oil market got a stark reminder Tuesday that rising oil production in the U.S. could upend efforts by major producers to bring global supply and demand for crude back in to balance. Just ahead of the settlement for oil futures prices CLG7, -1.54% on the New […]

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  • US Shale’s Great Awakening

    • Date: 16/01/17
    • Julian Lee, Bloomberg

    OPEC and its friends have just received some uncomfortable reading. U.S. shale oil production is beginning to boom again. The latest forecasts from the U.S. Energy Information Administration suggest that their agreements to boost prices and hasten the rebalancing of oil supply and demand by cutting output may bring the U.S. shale industry out of […]

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