Tag: US Oil Production
Non OPEC countries, US oil supply to plunge with no price rebound
Largest drop in US oil supply drop since 1992 PARIS – Oil supply from the United States, Russia and other non-OPEC countries is expected to drop sharply next year, possibly the steepest decline since the Soviet Union collapsed, because of low prices, the International Energy Agency forecast Friday. In its latest monthly report, the IEA says non-OPEC […]
Noble Energy agrees to Denver area air-pollution violation settlement
Noble Energy settlement could cost $73.5 million Large oil and gas driller Noble Energy has agreed to a settlement over alleged air-pollution violations north of Denver, a deal federal officials say could cost the company up to $73.5 million. The proposed deal, filed in federal court Wednesday, comes after regulators found the Houston-based company’s oil […]
2014 American oil production increase biggest since 1900
Despite lower oil prices, American oil production continues its record pace American oil production rose a record amount in 2014 and is expected to continue rising over the next two years, though at a much slower pace, according to the Energy Information Agency. U.S. crude oil production (including lease condensate) increased during 2014 by 1.2 million […]
New US fracking regs: Democrats, Republicans both unhappy
Republicans say fracking regulations will delay projects, Democrats say they are too mild Republican and Democratic lawmakers in the House have found something in common. Many have issues with the Obama administration’s new regulations requiring companies that drill for oil and natural gas to disclose chemicals used in hydraulic fracturing. Republicans say the new regulations, announced […]
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