The number of oil and gas rigs deployed to tap new energy supplies across the country has plunged to less than 1,200 from 2,400 last summer, and energy executives say the drop is accelerating further.
Archive for the ‘Natural Gas’ Category
Qatar Thrives on Natural Gas as Companies, Workers Flee Dubai
As Dubai scales back plans to build a waterfront development twice the size of Hong Kong Island, 30,000 workers off the coast of Doha in Qatar are constructing a $14 billion luxury residential project called the Pearl.
Natural Gas as Answer to Oil Decline Could Lead to Catastrophe, Says Leading Expert
Ploughing resources into the use of natural gas as an alternative energy supply could lead to global shortage within 20 years time, according to a leading energy expert.
ANALYSIS-Fears grow for US natural gas in Obama tax squeeze
Oil and gas executives and experts fear that President Barack Obama’s push for renewables could shrink U.S. output and drive drillers away from vast reserves of relatively clean-burning natural gas.
Obama’s budget proposal would remove tax breaks fo
Natural Gas Price Fall May Be Limited, ’Bullish’ Bernstein Says
Natural gas prices may be supported by delays to new natural gas supplies and a possible slowdown in U.S. onshore output, Sanford C. Bernstein & Co. said.
