Special Report: Midyear Forecast: US energy demand growth slows on economic sluggishness
Total energy demand in the US this year will increase marginally from 2010, weighed down by the sluggish economy and high oil prices.
Special Report: Midyear Forecast: US, Canada drilling sustains healthy increases in 2011
Meaningful increases in the number of wells drilled can be expected in the US and Canada in 2011 compared with 2010 as the shift toward oil drilling intensifies.
FOCUS: UNCONVENTIONAL OIL & GAS: Industry expects rapid gains in Eagle Ford shale output
The Eagle Ford shale in South Texas is poised for rapid production growth because gathering, transportation, processing, and fractionation services already are in place or are planned, analysts and oil company executives note.
FOCUS: UNCONVENTIONAL OIL & GAS: Purvin & Gertz estimates future unconventional oil output
Unconventional oil production from the Bakken, Eagle Ford, and Niobrara plays is expected to approach 900,000 b/d in 2015 and exceed 1.3 million b/d by 2020, a consultant forecast.
Mitsui joins SM Energy in Eagle Ford shale
A subsidiary of Mitsui & Co. Ltd. will acquire a 12.5% working interest in the nonoperated Eagle Ford shale position of SM Energy Co., Denver.
OPEC's El-Badri urges IEA to end release of oil
Abdullah El-Badri, secretary general of the Organization of the Petroleum Exporting Countries, urged the International Energy Agency to reverse its earlier decision to release 60 million bbl of oil over 30 days.
Watching The World: Trouble in Sudan's pipeline
South Sudan this week becomes an independent state, a matter of more than passing interest to China—the largest buyer of Sudan's oil.
IEA: Weak refining margins likely over next 5 years
Global refinery runs recovered in 2010, but early 2011 margins well below the past decade's sometimes heady levels suggest excess capacity will exist and margins will stay low for another 5 years, an International Energy Agency official indicated on June 22.
Watching Government: Behind the SPR release
It would be challenging to find another recent energy move by the administration of US President Barack Obama that was more quickly criticized by so many different people than the June 23 announcement that it would release 30 million bbl of oil from the nation's Strategic Petroleum Reserve.