U.S. Department of Energy Company News

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The Future of Ice Gas
Rigzone takes a look at what the future holds for exploiting the potential gas resource of methane hydrate, aka ice gas, particularly focusing on developments offshore Japan, the Arctic and New Zealand.
8:00 PM EST | June 22, 2015
Daniel Poneman, Deputy US Energy Secretary, To Step Down
The US Department of Energy's number two official, Daniel Poneman, will leave the agency after more than five years, Energy Secretary Ernest Moniz says.
8:00 PM EST | June 18, 2014
DOE Expands Methane Hydrates Research
The US Department of Energy awards funding to seven universities for research into methane hydrates.
7:00 PM EST | November 20, 2013
DOE Study: Fracking Chemicals Didn't Taint Water
A landmark federal study on fracking shows no evidence that chemicals from the natural gas drilling process moved up to contaminate drinking water aquifers at a western Pennsylvania drilling site.
8:00 PM EST | July 18, 2013
Obama Taps McCarthy to Lead EPA, Moniz to Head Energy Department
President Obama announces his picks to lead the Environmental Protection Agency and the Energy Department.
7:00 PM EST | March 03, 2013
API Calls on DOE to Approve U.S. LNG Exports 'Without Delay'
Delays in approving US LNG exports could stifle US economic growth, contrary to critics' claims, according to API.
7:00 PM EST | January 16, 2013
China Looks to Emulate US Shale Success
The IEA reported that the US is poised to become the largest producer of oil by 2020. But watch out US - China is predicted to hold the largest shale gas reserves in the world.
7:00 PM EST | November 14, 2012
Polish Shale Gas Has a Future despite Exxon Exit
Exxon's exit from the Polish shale gas sector in June was seen as a blow to the nascent industry. But plenty of big players remain in Polish shale gas.
8:00 PM EST | August 08, 2012
DOE Names New Energy Panel
The U.S. Department of Energy on Tuesday announced the members of the Secretary of Energy Advisory Board (SEAB).
8:00 PM EST | August 10, 2010
U.S. Govt Agency Exposes Faults in Key Oil Report
The U.S. government faces "critical" shortcomings in producing its oil-inventory data, according to internal Department of Energy documents.
8:00 PM EST | March 18, 2010
Energy Secretary Chu Says U.S. Must Decrease Energy Use
U.S. energy secretary Steven Chu said Wednesday that the U.S. must decrease its energy use to allow developing nations the room to grow.
7:00 PM EST | February 23, 2010
US Economy Needs New Offshore Exploration - Study
The U.S. economy could lose trillions of dollars in income and see oil imports increase if the Obama administration maintains a moratorium on domestic petroleum development in new areas, a new report warns.
7:00 PM EST | February 14, 2010
As US Crude-Oil Reserve Fills, Questions Abound
In coming days, a 500,000-barrel delivery of crude oil will push the U.S. government's emergency stockpile to capacity. What happens to the Strategic Petroleum Reserve beyond that is far from clear.
7:00 PM EST | December 21, 2009
Market Report: A World Awash in Supply
Analyst Phil Flynn notes that it is unclear whether current geopolitical conflicts will have a long term impact on oil prices in a world awash in supply.
8:00 PM EST | September 28, 2009
Editorial: Rahall, Salazar Find New Ways to Reinstate Moratorium
As Secretary Salazar continues to slow walk a plan allowing access to offshore energy supplies, the House Natural Resources Committee Chairman is holding hearings this week on sweeping legislation that will add more red tape to the leasing process.
8:00 PM EST | September 16, 2009
OPEC Waits for Econ Recovery to Rebalance Oil Market
OPEC is making the same risky bet as many investors that oil prices can avoid being dragged down by weak demand and excess supplies for a few more months.
8:00 PM EST | September 09, 2009
Interior Dept Grants $1.4MM to Seal Abandoned Wells Off Texas
Secretary of the Interior Ken Salazar announced a grant award for $1,397,050 to the State of Texas General Land Office for a project to seal in abandoned oil and natural gas wells in state waters in the Gulf of Mexico.
8:00 PM EST | August 05, 2009
DOE-Sponsored Software App Assists Exploration of Fayetteville Shale
A project sponsored by the U.S. Department of Energy has resulted in the development of a web-based software application enables oil and gas operators to better plan for natural gas recovery in environmentally sensitive areas.
8:00 PM EST | August 04, 2009
US Gas Hydrates Find Has Worldwide Implications
The recent US GOM gas hydrate find is the first of its kind, establishing methodology for making similar discoveries worldwide.
8:00 PM EST | June 11, 2009
EIA Releases Financial Performance of Major US O&G Cos
The U.S. majors reported a net loss of $7.0 billion in the first quarter of 2009, which was 126-percent less than these companies reported for the first quarter of 2008.
8:00 PM EST | May 17, 2009
DOE's Chu 'Pleased' with OPEC Decision
U.S. Energy Secretary Steven Chu said on Sunday that he was "pleased" that OPEC decided to leave output steady, saying that the decision will help stave off ups and downs in prices.
8:00 PM EST | March 15, 2009
New LNG Imports Could Further Slam US Natural-Gas Prices
Natural-gas prices, which have plunged since last summer, could be pressured further as expected new cargoes of liquefied natural gas start reaching U.S. shores this year.
7:00 PM EST | March 04, 2009
DOE: Gulf Oil, Gas Shut-In Organized, As Expected
The progressive shutdown of U.S. oil and gas facilities in the path of Hurricane Gustav is proceeding in "an organized and expected fashion," a U.S. Department of Energy official said Sunday.
8:00 PM EST | August 31, 2008
RIK Program to Help Fill Strategic Petroleum Reserve
The Department of the Interior's Minerals Management Service (MMS) has awarded contracts to five companies to transport Royalty in Kind (RIK) crude oil that will be used to resume filling the nation's Strategic Petroleum Reserve (SPR).
8:00 PM EST | May 30, 2007
Crosstex Adds Capacity to Louisiana Network
Crosstex Energy, L.P. on Tuesday announced the start-up of its $90 million pipeline expansion in northern Louisiana, which initially adds capacity of 200 million cubic feet of gas per day (MMcf/d) to Crosstex's existing LIG pipeline system.
8:00 PM EST | April 02, 2007
DOE Defends Bid to Repeal Ultra-Deepwater Research Program
Energy Department officials defended the Bush administration's effort today to repeal the ultra-deepwater oil-and-gas research program but said the program would run on its normal schedule until Congress takes action.
7:00 PM EST | March 06, 2007
Bodman to Release Telling data on DOE Loan Guarantee Program
The Energy Department today will release figures during a congressional hearing showing a yawning gap between funding and the need for federal energy project loan guarantees.
7:00 PM EST | March 05, 2007
BP Drills Gas Hydrate Test Well on North Slope
BP Exploration (Alaska) Inc. successfully drilled a research well on the North Slope in partnership with the U.S. Department of Energy and the U.S. Geological Survey to collect samples and gather knowledge about gas hydrate.
7:00 PM EST | February 19, 2007
Bush Budget: $168M to Begin SPR Capacity Expansion
President Bush proposed to spend $168 million in his 2008 budget primarily for administrative costs relating to the expansion of the nation's Strategic Petroleum Reserve from its current capacity of 727 million barrels to 1.5 billion barrels by 2027.
7:00 PM EST | February 04, 2007
J. Ray Wins Offshore India Project from Reliance
McDermott International, Inc. said that subsidiaries of J. Ray McDermott, S.A. were awarded the KG-D6 field development project by Reliance Industries Limited to supply and install a 12,000 metric ton control riser platform.
7:00 PM EST | January 25, 2007
Russian Pipeline Contract Goes to J. Ray
A subsidiary of J. Ray McDermott, S.A. recently wona sub-sea pipeline installation project from Lukoil for the Yuri Korchagin field, located 180 kilometers from Astrakhan city in the Russian sector of the Caspian Sea.
7:00 PM EST | January 25, 2007
Marathon, ConocoPhillips Apply for Kenai LNG Extension
Marathon Oil Corporation and ConocoPhillips on Friday announced the companies have jointly filed for a 2-year extension of the Kenai Liquefied Natural Gas (LNG) facility's export license with the US Department of Energy.
7:00 PM EST | January 18, 2007
Taylor to Succeed Ligon at Devon
Devon Energy Corporation said that Lyndon C. Taylor, 48, has been appointed to the position of senior vice president and general counsel of the company.
7:00 PM EST | January 14, 2007
PetroFalcon Names Cottman and Soden to New Posts
PetroFalcon Corporation, a publicly traded natural resource company with oil and gas operations in Venezuela, announced the appointment of Clarence Cottman, the Corporation's previous Chief Financial Officer, as Vice Chairman.
7:00 PM EST | December 26, 2006
RMOTC Partnership Tests New Drilling Technology
The Rocky Mountain Oilfield Testing Center (RMOTC) and its partner Blast Energy Services Inc. said that they have successfully tested an innovative new oil and gas drilling technology that should facilitate lower production costs.
7:00 PM EST | November 30, 2006
Jones Act Waiver Spurs Escopeta and Centurion's Search for 'Missing Giants'
Escopeta Oil's President Danny Davis is convinced that he knows where two huge, untapped oil and natural gas fields are in the Cook Inlet Basin, Alaska.
8:00 PM EST | August 06, 2006
DOE Releases Final Report on Hurricanes' Impact to Natural Gas Industry
The U.S. Department of Energy announced today the release of a report titled, "Impact of the 2005 Hurricanes on the Natural Gas Industry in the Gulf of Mexico Region."<
8:00 PM EST | July 31, 2006
Jeffrey Jarrett Sworn in as Assistant Secretary for Fossil Energy
Jeffrey D. Jarrett was sworn in as the U.S. Assistant Secretary for Fossil Energy today. The 10th person to hold the post, Mr. Jarrett was confirmed by the Senate on December 17, 2005.
7:00 PM EST | January 03, 2006
Successful Sequestration Project Could Mean More Oil & Less Carbon Dioxide
U.S. Department of Energy-funded Weyburn Project successfully sequestered five million tons of carbon dioxide (CO2) into the Weyburn Oilfield in Saskatchewan, Canada, while doubling the field's oil recovery rate.
7:00 PM EST | November 14, 2005
U.S. DOE Provides Funding for Methane Hydrate Projects
The United States Department of Energy announced a total of $2 million in funding to five research projects that will assess the energy potential, safety, and environmental aspects of methane hydrate exploration and development.
7:00 PM EST | November 07, 2005
DOE-funded Seismic Tool Guides First Deep Well through San Andreas Fault
A Department of Energy–funded technology developed to aid the exploration and production of natural gas and oil has enabled researchers for the first time to drill through and observe an active portion of California's notorious San Andreas Fault.
7:00 PM EST | November 06, 2005
First Oil Delivery from US Strategic Reserve Completed
The U.S. Department of Energy has completed delivery of the first cargo of crude oil sold as a result of the on-line competitive sale earlier this month of Strategic Petroleum Reserve stock.
8:00 PM EST | September 28, 2005
US Opens SPR in Coordinated International Response to Oil Disruptions
The U.S. Department of Energy began a Presidentially-directed sale of approximately 30 million barrels of crude oil from the nation's Strategic Petroleum Reserve as part of an international effort to bolster oil supplies in the aftermath of Hurricane Katrina.
8:00 PM EST | September 05, 2005
Revolutionary Technology Could Significantly Increase Heavy Oil Production
A revolutionary new DOE-funded oil production technology that promises lower costs, reduced environmental and safety risks, and increased production is being commercialized by research partner Completion Concepts Inc.
8:00 PM EST | August 15, 2005
Putting the Squeeze on Natural Gas Pipelines
A joint effort between Timberline Tool and the U.S. Department of Energy (DOE) has sped commercialization of the first "keyhole" squeeze-off tool for 4- to 6-inch polyethylene pipe.
8:00 PM EST | July 26, 2005
Fossil Energy Research Results in Crow Reservation Exploration Oil Well
The first exploratory oil well to be drilled on the Crow Reservation of Montana in decades is forthcoming, thanks to research funded by DOE's Office of Fossil Energy.
8:00 PM EST | June 26, 2005
BLM Auctions Exploration Leases in Arkansas, Mississippi, & West Virginia
Forty-five parcels of Federal subsurface mineral estate brought in $677,000 through a competitive auction of oil and gas leases on the Ouachita and Ozark National Forests in Arkansas, the DeSoto, Homochitto and Tombigbee National Forests in Mississippi and the Monongahela National Forest in West Virginia.
8:00 PM EST | June 26, 2005
SPR Fill to be Complete in August
Secretary of Energy Samuel Bodman announced that the planned fill of the Strategic Petroleum Reserve (SPR) will be complete in August, when the SPR reaches 700 million barrels of oil.
8:00 PM EST | June 12, 2005
Energy Dept Moves Forward on Loan Guarantees for Pipeline
Department of Energy will publish a Notice of Inquiry in the Federal Register seeking public comment on an $18 billion loan guarantee program to encourage construction of a pipeline that will bring Alaskan natural gas to the continental United States.
8:00 PM EST | May 26, 2005
Heavy Oil Potential Key to Alaskan North Slope Oil Future
Alaska's North Slope boasts a massive heavy oil resource that someday could underpin the survival of one of the Nation's most critical oil-producing provinces—and research funded by the Department of Energy may provide the key to unlocking this vast but, to date, largely intractable oil resource.
8:00 PM EST | May 11, 2005