Energy Market News Directory

Half of US Fracking Companies Will Be Sold Off or Closed by End of the Year

The Financial Post reported that half of the 41 fracking companies in the US will be dead or sold by the end of the year due to the huge decrease in spending by oil companies, according to an executive with Weatherford International Plc (NYSE:WFT).

Cost Estimate to Reinforce Dutch Homes in Earthquake Zone of Groningen Field Increased to 30 Billion Euros

Reuters reported that the estimated cost to reinforce Dutch homes in the gas extraction earthquake zone at Groningen field has increased to at least EU$30 billion. As quoted in the market news: Gas extraction at the field, Europe’s largest, which reached more than 50 billion cubic meters last year, is causing increasingly stronger and more [...]