Energy News

Texas' Wolfcamp shale reserve may be largest ever assessed in U.S. HOUSTON, Nov. 17 (UPI) -- With renewed focus on Texas shale deposits, regional bankers said they were planning a regional joint economic conference to discuss a new energy reality. FULL STORY »

OPEC, Yellen give oil prices a lift NEW YORK, Nov. 17 (UPI) -- Upbeat assessments about the pace of growth for the U.S. economy and a build in momentum for an OPEC production deal pushed oil prices higher early Thursday. FULL STORY »    North Dakota oil production falls BISMARCK, N.D., Nov. 17 (UPI) -- A regulator in North Dakota said low oil prices were in part behind the decline in crude oil production, last reported at its lowest level since early 2014.FULL STORY »    Expect more output next year, Canadian energy company says CALGARY, Alberta, Nov. 17 (UPI) -- The largest oil and gas company in Canada, Suncor said its production could increase more than 10 percent next year while spending moves the other way. FULL STORY »    Russia stirs oil production proposal pot DOHA, Qatar, Nov. 17 (UPI) -- Talks over production levels are expected to yield positive results, including any talks with Iranian representatives gathered in Doha, a Russian minister said. FULL STORY »    Safety regulator finds no issues with Johan Sverdrup STAVANGER, Norway, Nov. 17 (UPI) -- An audit of elements of the early operations tied to infrastructure at the Johan Sverdrup oil field offshore Norway uncovered few issues, a regulator said. FULL STORY »    GE, Maersk team up on drilling technology SAN FRANCISCO, Nov. 17 (UPI) -- A new data-driven drilling program could increase the productivity of operations for Danish company Maersk, a marine division of GE announced.FULL STORY »