BP plc and China National Petroleum Corporation (CNPC) have signed the first production sharing contract (PSC) for shale gas exploration, development and production in the Neijiang-Dazu block in the Sichuan Continue Reading
China’s manufacturing activity rebounded in March to its highest level since last August, thanks to the government’s continued structural reforms, official data showed on Friday. The purchasing managers’ index (PMI) Continue Reading
Strong growth in consumption of gasoline while demand for other fuels remains more subdued is creating a headache for oil refiners in the United States and around the rest of Continue Reading
U.S. crude oil production fell for the fourth consecutive month in January, but rising output from shale formations in Texas highlighted U.S. producers’ ability to keep output near record levels Continue Reading
U.S. regional banks with large energy exposures including Comerica Inc. and Zions Bancorp could suffer higher losses than analysts predict if oil prices continue to fall, according to a Standard Continue Reading
In the three months since the U.S. lifted its 40-year ban on crude oil exports, a curious thing has happened. Rather than flooding global markets, U.S. crude shipments to foreign Continue Reading
Investors are sending a message to oil and gas companies: Think less like wildcatters and more like accountants. During the first quarter, stocks of the oil and gas companies that Continue Reading
The sharp swoon in oil prices is spooking the banks… Bah, humbug. While it is the wrong season for “A Christmas Carol,” U.S. oil and gas producers are bracing for Continue Reading
As oil prices nosedived by two-thirds since 2014, a belief took hold in global energy markets that for prices to recover, many U.S. shale producers would first have to falter Continue Reading
Beginning in January 2015, ten states were added to the EIA-914, bringing to 16 the number of states/areas with individual coverage, and crude oil production estimates were introduced. Estimates based Continue Reading
