U.S. Department of Energy Company News
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The Future of Ice Gas
Tuesday, June 23, 2015 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.
Daniel Poneman, Deputy US Energy Secretary, To Step Down
Thursday, June 19, 2014 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.
DOE Expands Methane Hydrates Research
Thursday, November 21, 2013 The US Department of Energy awards funding to seven universities for research into methane hydrates.
DOE Study: Fracking Chemicals Didn't Taint Water
Friday, July 19, 2013 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.
Obama Taps McCarthy to Lead EPA, Moniz to Head Energy Department
Monday, March 04, 2013 President Obama announces his picks to lead the Environmental Protection Agency and the Energy Department.
API Calls on DOE to Approve U.S. LNG Exports 'Without Delay'
Thursday, January 17, 2013 Delays in approving US LNG exports could stifle US economic growth, contrary to critics' claims, according to API.
China Looks to Emulate US Shale Success
Thursday, November 15, 2012 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.
Polish Shale Gas Has a Future despite Exxon Exit
Thursday, August 09, 2012 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.
DOE Names New Energy Panel
Wednesday, August 11, 2010 The U.S. Department of Energy on Tuesday announced the members of the Secretary of Energy Advisory Board (SEAB).
U.S. Govt Agency Exposes Faults in Key Oil Report
Friday, March 19, 2010 The U.S. government faces "critical" shortcomings in producing its oil-inventory data, according to internal Department of Energy documents.
Energy Secretary Chu Says U.S. Must Decrease Energy Use
Wednesday, February 24, 2010 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.
US Economy Needs New Offshore Exploration - Study
Monday, February 15, 2010 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.
As US Crude-Oil Reserve Fills, Questions Abound
Tuesday, December 22, 2009 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.
Market Report: A World Awash in Supply
Tuesday, September 29, 2009 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.
Editorial: Rahall, Salazar Find New Ways to Reinstate Moratorium
Thursday, September 17, 2009 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.
OPEC Waits for Econ Recovery to Rebalance Oil Market
Thursday, September 10, 2009 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.
Interior Dept Grants $1.4MM to Seal Abandoned Wells Off Texas
Thursday, August 06, 2009 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.
DOE-Sponsored Software App Assists Exploration of Fayetteville Shale
Wednesday, August 05, 2009 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.
US Gas Hydrates Find Has Worldwide Implications
Friday, June 12, 2009 The recent US GOM gas hydrate find is the first of its kind, establishing methodology for making similar discoveries worldwide.
EIA Releases Financial Performance of Major US O&G Cos
Monday, May 18, 2009 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.
DOE's Chu 'Pleased' with OPEC Decision
Monday, March 16, 2009 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.
New LNG Imports Could Further Slam US Natural-Gas Prices
Thursday, March 05, 2009 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.
DOE: Gulf Oil, Gas Shut-In Organized, As Expected
Monday, September 01, 2008 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.
RIK Program to Help Fill Strategic Petroleum Reserve
Thursday, May 31, 2007 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).
Crosstex Adds Capacity to Louisiana Network
Tuesday, April 03, 2007 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.
DOE Defends Bid to Repeal Ultra-Deepwater Research Program
Wednesday, March 07, 2007 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.
Bodman to Release Telling data on DOE Loan Guarantee Program
Tuesday, March 06, 2007 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.
BP Drills Gas Hydrate Test Well on North Slope
Tuesday, February 20, 2007 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.
Bush Budget: $168M to Begin SPR Capacity Expansion
Monday, February 05, 2007 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.
J. Ray Wins Offshore India Project from Reliance
Friday, January 26, 2007 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.
Russian Pipeline Contract Goes to J. Ray
Friday, January 26, 2007 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.
Marathon, ConocoPhillips Apply for Kenai LNG Extension
Friday, January 19, 2007 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.
Taylor to Succeed Ligon at Devon
Monday, January 15, 2007 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.
PetroFalcon Names Cottman and Soden to New Posts
Wednesday, December 27, 2006 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.
RMOTC Partnership Tests New Drilling Technology
Friday, December 01, 2006 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.
Jones Act Waiver Spurs Escopeta and Centurion's Search for 'Missing Giants'
Monday, August 07, 2006 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.
DOE Releases Final Report on Hurricanes' Impact to Natural Gas Industry
Tuesday, August 01, 2006 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."<
Jeffrey Jarrett Sworn in as Assistant Secretary for Fossil Energy
Wednesday, January 04, 2006 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.
Successful Sequestration Project Could Mean More Oil & Less Carbon Dioxide
Tuesday, November 15, 2005 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.
U.S. DOE Provides Funding for Methane Hydrate Projects
Tuesday, November 08, 2005 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.
DOE-funded Seismic Tool Guides First Deep Well through San Andreas Fault
Monday, November 07, 2005 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.
First Oil Delivery from US Strategic Reserve Completed
Thursday, September 29, 2005 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.
US Opens SPR in Coordinated International Response to Oil Disruptions
Tuesday, September 06, 2005 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.
Revolutionary Technology Could Significantly Increase Heavy Oil Production
Tuesday, August 16, 2005 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.
Putting the Squeeze on Natural Gas Pipelines
Wednesday, July 27, 2005 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.
Fossil Energy Research Results in Crow Reservation Exploration Oil Well
Monday, June 27, 2005 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.
BLM Auctions Exploration Leases in Arkansas, Mississippi, & West Virginia
Monday, June 27, 2005 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.
SPR Fill to be Complete in August
Monday, June 13, 2005 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.
Energy Dept Moves Forward on Loan Guarantees for Pipeline
Friday, May 27, 2005 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.
Heavy Oil Potential Key to Alaskan North Slope Oil Future
Thursday, May 12, 2005 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.