Icy, stormy weather caused North Dakota's oil and natural gas production to plunge by 13% to 956,288...
Icy, stormy weather caused North Dakota's oil and natural gas production to plunge by 13% to 956,288 barrels per day and about 2.6 Bcf/d, respectively, in December, preliminary figures from the Department of Mineral Resources show. It's the first time since April that the state's oil production has fallen below 1 million bpd.
Not enough high-quality oil, gas available, WoodMac says
Limited availability of high-quality oil and natural gas supplies with low cost and emission profiles...
Limited availability of high-quality oil and natural gas supplies with low cost and emission profiles could hinder progress toward meeting emissions goals and force upstream players to adjust their strategies, highlighting the need for more exploration, according to a Wood Mackenzie analysis. "We see enough advantaged resources to satisfy only about half of our base-case oil and gas demand forecast to 2050," said Wood Mackenzie Upstream Vice President of Energy Research Andrew Latham.
New solution for defunct wells has carbon-trapping potential
Colorado's abandoned oil and natural gas wells could find new life as deep carbon containers after state...
Colorado's abandoned oil and natural gas wells could find new life as deep carbon containers after state lawmakers on Tuesday tentatively approved a study to evaluate the feasibility and efficacy of plugging wells with biochar, a charcoal that could trap carbon and filter out natural gas leaks. The study would be conducted by Colorado State University and if proven successful, the proposed solution could help mitigate climate change by preventing millions to billions of tons of carbon dioxide from entering the atmosphere, according to experts.
Blue Origin claims it cracked the mystery of how to turn ...
Blue Origin claims it cracked the mystery of how to turn moon dust into solar panels—something scientists have been trying to do since astronauts first brought the stuff back to Earth. The company dropped the news with surprisingly little fanfare for a potentially major breakthrough, but if Bezos’s space force really is able to replicate the Earth-bound experiments it’s done so far on the moon, it would be a game changer. The company is reportedly trying to pitch its tech to NASA for building lunar infrastructure that could ultimately help get us to Mars.
Benchmark U.S. crude oil for March delivery fell $2.15 to $76.34 a barrel Friday. Brent crude for April delivery fell $2.14 to $83 a barrel.
Wholesale gasoline for March delivery fell 3 cents to $2.41 a gallon. March heating oilfell 10 cents to $2.71 a gallon. March natural gasfell 11 cents to $2.28 per 1,000 cubic feet.
