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Tag Archives: natural gas
Exclusive: Whistleblower Accuses Exxon of ‘Fraudulent’ Behavior for Overvaluing Fracking Assets For Years
Exclusive: Whistleblower Accuses Exxon of ‘Fraudulent’ Behavior for Overvaluing Fracking Assets For Years ExxonMobil announced a $19.3 billion write-down on Tuesday, a big hit to a company reeling from depressed oil and gas prices and a rapidly changing global energy market. The write-down reduces the value of the assets on Exxon’s books. The announcement comes as part […]
US Expands Nord Stream 2 Sanctions As Germany Vows Pipeline Completion “Not If, But When”
US Expands Nord Stream 2 Sanctions As Germany Vows Pipeline Completion “Not If, But When” Secretary of State Mike Pompeo has long vowed he’ll “do everything” to stop Nord Stream 2, last month indicating the US is building a coalition of countries to fight against it, given Washington sees it as a massive compromise to Russia, giving it […]
Natural gas
Natural gas In the eastern Mediterranean it smells of powder. Fighter jets from various countries fly over the Levantine Basin and frigates are on a collision course. These are not exercises. It is a crisis reminiscent of the conflict between Ankara and Athens in the 1970s or even the beginning of the First World War. […]
To Many’s Dismay, Permian Produces More Gas and Condensate Instead of Oil and Profits
To Many’s Dismay, Permian Produces More Gas and Condensate Instead of Oil and Profits As oil prices plummet, oil bankruptcies mount, and investors shun the shale industry, America’s top oil field — the Permian shale that straddles Texas and New Mexico — faces many new challenges that make profits appear more elusive than ever for the financially failing shale oil industry. […]
Permafrost will limit natural gas, oil, and coal extraction
Permafrost will limit natural gas, oil, and coal extraction Preface. For many people, it’s comforting to know that about 25% of remaining oil and gas reserves (we have the know-how and economics to get it) and resources (beyond our technical and monetary capability) are in the arctic. They assume we’ll get this oil and gas […]
Burn, Pay, Or Shut It Down: Three Evils For Permian Drillers
Burn, Pay, Or Shut It Down: Three Evils For Permian Drillers There was a time when natural gas was a welcomed byproduct of crude oil drilling, and drillers in the prolific Permian basin enjoyed this consolation prize–at least when natural gas prices were on the rise. All good things come to an end, though, and […]
“No More Transit Risk”: Ukraine & Russia Ink Landmark Gas Transit Deal, Hammering European Gas Prices
“No More Transit Risk”: Ukraine & Russia Ink Landmark Gas Transit Deal, Hammering European Gas Prices Ukrainian President Volodymyr Zelensky has hailed the completion of an against all odds landmark deal with Russia’s Gazprom as ensuring “energy security and prosperity for Ukrainians.” It will keep natural gas flowing to Western Europe via Ukraine for the next five years, which is […]
There’s No Stopping The World’s Most Politically Charged Pipeline
There’s No Stopping The World’s Most Politically Charged Pipeline This week, Denmark granted Gazprom approval for its Nord Stream 2 gas pipeline project, a project that is set to bring 55 billion cubic meters of Russian gas into Europe annually. It is one of the most controversial pipeline projects in the world and is now moving ahead […]
‘I Want Them to Have Justice’: Inside the Fight to Save the Shubenacadie River
‘I Want Them to Have Justice’: Inside the Fight to Save the Shubenacadie River In Nova Scotia, water protectors have fiercely opposed a gas company’s plans for a decade, helped by a celebrity supporter. It is so quiet on the banks of the Shubenacadie you can almost hear the river breathe. Standing by the Treaty […]
BC Government Frets Over Climate Change While Heavily Subsidizing Fracking Companies
BC Government Frets Over Climate Change While Heavily Subsidizing Fracking Companies Worse, the giveaway probably isn’t needed, with the global industry desperate for new gas fields. We’re in a climate crisis. So why did the B.C. government give oil and gas companies $663 million in subsidies last year so they would produce more fracked natural […]
Shale oil and gas: Destroying capital one well at a time
Shale oil and gas: Destroying capital one well at a time Recently, the former CEO of the largest shale gas producer in the United States told a roomful of conference goers what any competent financial analysis would have revealed many years ago: the shale oil and gas industry as a whole has been destroying capital since its […]
Former Shale Gas CEO Says Fracking Revolution Has Been ‘A Disaster’ For Drillers, Investors
Former Shale Gas CEO Says Fracking Revolution Has Been ‘A Disaster’ For Drillers, Investors Steve Schlotterbeck, who led drilling company EQT as it expanded to become the nation’s largest producer of natural gas in 2017, arrived at a petrochemical industry conference in Pittsburgh Friday morning with a blunt message about shale gas drilling and fracking. “The shale gas revolution has frankly […]
The Easy Money In European Natural Gas Is Gone
The Easy Money In European Natural Gas Is Gone At the end of last winter’s heating season, it was an unusually cold spell that upended European natural gas markets, with storage levels falling below average and prices firming up as demand shot up. At the end of this winter’s heating season, it is the unusually […]
Bethany McLean: Saudi America
Bethany McLean: Saudi America The truth about fracking & how it’s changing the world by Adam TaggartFriday, March 1, 2019, 3:37 PM For years now we’ve been covering the false promise of the American shale oil “miracle”. Yes, it has extracted a lot more oil out of American soil that most thought possible. But at an […]
