Volume 107, Issue 48

Venezuela's state-owned Petroleos de Venezuela SA recently signed a $2 billion financing agreement with Eni SPA mainly for development of the two firms' joint venture in the Orinoco...

Chesapeake Energy Corp. believes the Utica shale in eastern Ohio offers a major new liquids-rich play based on 3,200 ft of proprietary core samples it obtained from nine wells...

Newfield Exploration Co., Houston, said it sees a net resource potential of more than 700 million bbl of oil equivalent on its holdings in the Uinta basin in the wake of two acquisition...

The US Bureau of Ocean Energy Management, Regulation, and Enforcement conditionally approved Shell Offshore Inc.'s revised exploration plan to drill up to four shallow-water wells...

As the nation's top Democrats and Republicans locked horns over raising the national debt ceiling and dealing with a growing budget deficit on Aug. 1, the US Department of Energy...

Projections of large future energy demand growth may actually be underestimates, making it all the more urgent for governments to adopt regulatory policies that are less prescriptive...

With the outlook for economic growth in the US revised downward, the Organization of Petroleum Exporting Countries has cut its forecast for worldwide oil demand growth this year...

The International Energy Agency has lowered its forecast of worldwide oil demand by 60,000 b/d for 2011 to average 89.5 million b/d and raised its 2012 outlook by 70,000 b/d.

Despite continued concerns over the pace of the global economic recovery, particularly in developed countries, the US Energy Information Administration expects worldwide oil consumption...

Tumult in international markets raises large questions about oil demand in the next couple of years. Inevitably, answers depend on performance of the global economy, which at ...

Although less-than-stellar US employment figures have been announced on a regular basis for a couple of years, there is some good news regarding jobs numbers in one area.