LONDON, Nov 28 (Reuters) – Oklahoma could be on course to
see the next big increase in oil and condensates production,
following North Dakota and Texas, as innovative drilling
companies move in to explore the liquids-rich sections of the
Woodford shale under the western half of the state.
Oklahoma is a very old oil producer: the first oil was
discovered in 1897, a decade before Oklahoma was admitted to the
LONDON, Nov 27 (Reuters) – For the past year, 1,000 metric
tonnes a day of carbon dioxide from the Archer Daniels Midland
ethanol plant at Decatur have been pumped into a sandstone
reservoir 7,000 feet beneath the corn fields of Macon County,
By its first anniversary last week, the project had injected
317,000 metric tonnes of carbon dioxide (CO2), almost a third of
the planned total of 1 million tonnes.
LONDON, Nov 26 (Reuters) – Plentiful and cheap supplies of
natural gas, coupled with near-record prices for diesel and
gasoline, provide a seemingly ideal environment for projects
that convert natural gas into liquid transportation fuels. Yet
most gas producers have hesitated to commit to new projects.
Gas-to-liquids (GTL) beats other options like pipelines,
liquefied natural gas (LNG) and compressed natural gas (CNG) for
smaller gas deposits stranded thousands of kilometres from
LONDON, Nov 22 (Reuters) – Businesses and households expect
reliable electricity to be available at the flick of a switch.
But the frequency of large-scale blackouts in the United States
has not fallen in the last 30 years, and big blackouts remain a
common occurrence throughout emerging markets.
The risk of massive failures affecting the supply to
millions of customers and darkening whole regions or countries
may even be increasing as demand rises, especially for air
conditioners, and electricity networks are integrated over
increasingly wide areas.
LONDON, Nov 21 (Reuters) – Crude production from the Bakken
and Three Forks formations could rise by another 50-100 percent
in the next three years, and not start to decline until 2020 or
even 2025, according to official projections from the North
Dakota Oil and Gas Division.
Output from the Bakken, Three Forks and Sanish formations
hit a new record of 662,000 barrels per day in September. But
production could reach 900,000 or even 1.2 million barrels per
day by 2015, according to the Oil and Gas Division, based on
estimates of probable (>50 percent) or possible (>10 percent)
reserves of 10 or 15 billion barrels respectively.
LONDON, Nov 20 (Reuters) – Hydraulic fracturing
(“fracking”), the technology which revolutionised the U.S. oil
and gas industry, has started to make its first cautious forays
FTS International, formerly known as Frac Tech, one of the
leading suppliers of hydraulic fracturing equipment and services
in the United States, has signed joint venture agreements to
supply well-completion products and other services, including
pressure pumping, in Saudi Arabia and Brazil.
LONDON, Nov 16 (Reuters) – The concept of a “super-grid”
capable of moving huge amounts of electricity over long
distances is popular with environmentalists and governments keen
to promote the integration of more renewables into the power
supply, overcome transmission bottlenecks and bring power to
“An electricity super-grid could take green electricity
produced in one country to another through thousands of
kilometres of sub-sea cables. Wind farms built out at sea could
also be connected to a number of countries,” Britain’s
Department of Energy and Climate Change announced last year.
LONDON, Nov 15 (Reuters) – Four of the world’s most
successful oil and gas exploration companies last month signed
contracts to invest more than $1.5 billion over the next three
years in prospecting for fossil fuels off the coast of Uruguay,
betting that geological conditions which produced deposits off
the West African coast are replicated on Uruguay’s continental
Sandwiched between hydrocarbon giants Brazil and Argentina,
Uruguay produces just 900 barrels of oil per day, according to
the U.S. Energy Information Administration (EIA). It imports
nearly all the crude used in its lone refinery at Montevideo as
well as refined products.
LONDON (Reuters) – Much as the anger at continued power outages in New York and other states hit by storm Sandy is understandable, past experience shows a two-week wait is far from unusual.
Thirteen days after the post-tropical cyclone hit the East Coast, almost 90,000 customers were still without mains power on Monday, the vast majority in New York state (80,000).
LONDON, Nov 12 (Reuters) – The Bakken oil revolution has
become synonymous with North Dakota. But the heart of most
productive part of the formation is located on the far western
boundary of the state and extends across the border into
In the early stages of Bakken exploration, drilling was
split fairly evenly between the two states. But from about 2006
the focus shifted squarely onto North Dakota and Montana’s
Bakken was largely forgotten. Now there are signs of a modest