Pipeline Rigs U.S. shale oil companies are filing for bankruptcy at an alarming rate, whereas, their counterparts in Argentina are having a gala time. When the U.S. shale oil drillers Continue Reading
Dean has provided me with his latest update for Texas Oil and Natural Gas production. Texas C+C output has increased slightly over the first 3 months of 2016. Texas C+C Continue Reading
Bakken Pipeline One of the key factors in the survival of the Bakken oil patch in the future will be affordable transportation options. Bakken producers receive lower realized prices for Continue Reading
Shareholders in ExxonMobil have backed a resolution calling for investors to have greater powers to nominate board members, as the oil company faces growing pressure over its position on climate Continue Reading
The images of journalists were reflected in the sunglasses of a drilling manager at a… Shareholders at Exxon Mobil Corp. and Chevron Corp. narrowly voted down resolutions calling for stress Continue Reading
The state government in the shale state of Oklahoma said it was concerned about the lack of competition in the market for earthquake insurance. Oklahoma Insurance Commissioner John Doak called Continue Reading
When the Atlantic hurricane season starts next week, the most active area might just be off the U.S. East Coast. At this time of year, passing cold fronts that linger Continue Reading
The number of U.S. jobs in solar energy overtook those in oil and natural gas extraction for the first time last year, helping drive a global surge in employment in Continue Reading
The wildfire that has ravaged northern Alberta and cut Canadian crude output by 25 percent is set to crimp corporate earnings beyond the oil patch, especially hitting the rail and Continue Reading
Oil companies in Norway, Western Europe’s largest oil exporter, expect to slash spending for the third consecutive year in 2017 as they continue to downsize, delay projects and cut costs, Continue Reading
Strikes and blockades have already disrupted most of France’s oil refineries France is braced for further disruption to its energy supplies as workers at oil refineries, nuclear power stations, ports Continue Reading
Shale oil tower The energy sector was certainly a bargain in January, but no one really knows where oil will be around Christmas. While we may have already seen the Continue Reading
U.S. oil prices traded at their highest level in seven months on Wednesday after an industry group reported a larger-than-expected decline in U.S. crude inventories last week. The American Petroleum Continue Reading
Oil extended its advance to near $50 a barrel as weekly U.S. industry data showed crude stockpiles declined, easing a glut. Futures rose as much as 1.7 percent in New Continue Reading
Crude oil drips from a valve at an oil well operated by Venezuela’s state oil company PDVSA, in the oil rich Orinoco belt, near Morichal at the state of Monagas Continue Reading
We begin by looking at some of the critical figures and data in the energy markets this week, which show that oil markets have remained steady, with global outages continuing Continue Reading
NEW YORK—U.S. oil prices rose to a new 2016 high Tuesday on expectations that continued supply disruptions would help reduce the oversupply of crude. Light, sweet crude for July delivery Continue Reading
Oil prices fell in thin trade on Tuesday as the U.S. dollar strengthened, but losses were curbed by a likely drawdown in U.S. crude and gasoline stockpiles. Brent futures had Continue Reading
Shale Gas Enthusiasts believe that shale gas is simultaneously cheap, abundant and profitable thus defying all rules of business and economics. That is magical thinking. The recently released EIA Annual Continue Reading
One of the biggest drivers of climate change is the on-going development of third world nations. Around the globe, countries that have spent centuries with economies largely built on subsistence Continue Reading
A minimum price of $65 a barrel for oil is “badly needed at the moment” according to Qatari energy minister Mohammed bin Saleh al-Sada. On Tuesday, the Qatari minister told Continue Reading
India’s state-owned oil and gas giant ONGC risks losing a massive Persian Gulf gas field in a contracting hurdle, as it races against Saudi Arabia to extract gas reserves from Continue Reading
Iraq Oil Output Iraq is now producing around 4.5 million barrels per day, up from April but below its record of 4.78 million bpd in January this year, while power Continue Reading
Natural Gas Exports Riding high on a series of major discoveries and what appears to be renewed investor interest in Egypt’s energy sector, the Oil Ministry is now targeting a Continue Reading
A Chevron Corp.-led consortium is set to invest up to $37 billion as it increases output at a giant oil field in Kazakhstan, the country’s energy minister Kanat Bozumbayev said Continue Reading
Mozambique is heading towards a major default on outstanding loans related to offshore natural gas infrastructure, symbolizing the deflating hopes for a major source of new natural gas production from Continue Reading
As U.S. gas exports ramp up, new route will slash time to Asia A century after transforming global markets, the Panama Canal is about to redraw world trade once again. Continue Reading
NUMEROUS GOVERNMENTS, including the Obama administration, last week called for political negotiations in Venezuela to head off an incipient and potentially catastrophic breakdown of political and economic order. Former Spanish Continue Reading
For Zheng Ruifeng, the 25-year-old son of a wheat farmer from eastern China, acceptance at a technical school specializing in petrochemical engineering was a life-changing event. Zheng, who grew up Continue Reading
China’s Yantai Xinchao Industry Co. is pursuing U.S. oil acquisitions worth as much as $1 billion in the Permian Basin, and it won’t be satisfied letting others run the show, Continue Reading
The water in the largest U.S. reservoir has sunk to a record low, due to the severe drought in the American Southwest. Lake Mead, in Nevada, had dropped 10 feet Continue Reading
With wildfires in Canada making their way east, provincial authorities in Alberta said the oil-rich parts of the region are cleared for operations. Alberta’s government said wildfires that erupted in Continue Reading
Mortgage delinquencies have climbed in the U.S. counties whose employment rates were hardest-hit by the… The year-and-a-half-long spell of low oil prices is making it hard for households to pay Continue Reading
The Atlantic Ocean could be gearing up for an active hurricane season, meaning North American residents may want to pay attention. In recent years, single hurricanes have led to thousands Continue Reading
Republican U.S. presidential candidate Donald Trump holds a rally with supporters in Albuquerque, New Mexico, U.S., May 24, 2016. Two energy advisers to Donald Trump want him to call out Continue Reading
When the Atlantic hurricane season starts next week, the most active area might just be off the U.S. East Coast. At this time of year, passing cold fronts that linger Continue Reading
If you’ve felt an earthquake in Texas at any point over the last four decades, odds are that quake wasn’t naturally occurring, but was caused by oil and gas industry Continue Reading
The ruble fell for a fifth day with oil, set for the worst streak of losses this year, as investors cut their holdings of riskier emerging-market assets on mounting speculation Continue Reading
A French labor dispute that already caused fuel shortages and clashes between police and protesters worsened Tuesday as every one of the nation’s oil refineries experienced disruptions or outright shutdowns. Continue Reading
A British geological organization said it was working to set an environmental baseline to serve as a basis for weighing the impacts of hydraulic fracturing. The British Geological Survey said Continue Reading
Total refining French Total SA (NYSE: TOT) says it would reconsider its investment plans in France, according to CEO Patrick Pouyanne. Patrick Pouyanne, speaking outside the annual shareholders meeting in Continue Reading
At least 5,000 jobs will be cut around the world this year Royal Dutch Shell Plc will cut 2,200 more jobs, taking the total tally of losses to 12,500 from Continue Reading
Have you noticed that our planet has begun to shake, rattle and roll? Over the past few days we have seen major volcanic eruptions in Costa Rica and Indonesia, and Continue Reading
According to Bernstein Research , peak oil – when oil usage is expected to begin falling globally – could arrive as soon as 2030. While this may seem unlikely with Continue Reading
Oil prices fell in thin trade on Tuesday as the U.S. dollar strengthened, but losses were curbed by a likely drawdown in U.S. crude and gasoline stockpiles. Brent futures had Continue Reading
As the pendulum of market sentiment swings back towards the bears amid weak economic data, a stabilizing U.S. rig count and the hopeful return of Canadian production, oil prices are Continue Reading
The commodities market has turned a corner and prices are unlikely to return to lows hit in the first quarter, according to Citigroup Inc., which boosted forecasts from metals to Continue Reading
Oil discoveries have fallen to a six-decade low as explorers cut billions of dollars of spending to ride out the biggest market slump in a generation. About 12.1 billion barrels Continue Reading
US President Barack Obama and Iraqi Prime Minister Haider al-Abadi both emphasized the importance of securing and stabilizing Baghdad. The Saturday phone-call between the two leaders came amid renewed political Continue Reading
The Kurdish export of its crude is almost back on track. ERBIL, Kurdistan Region – With over 500,000 barrels of oil produced per day (bpd) in April, the Kurdish export Continue Reading
