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Month: September 2016

Category:
  • Shale Oil

U.S. judge halts fracking plan for federal lands in California

A U.S. judge on Wednesday halted a plan to allow fracking on public lands in central California, saying a federal agency’s environmental plan should have taken a “hard look” at Continue Reading

Posted On : 8 Sep 2016 Published By : Tom Whipple
Category:
  • Oil Supply
  • Prices
  • USA

Short-Term Energy Outlook

Benchmark North Sea Brent crude oil spot prices averaged $46/barrel (b) in August, a $1/b increase from July. This was the fourth consecutive month in which Brent spot crude oil Continue Reading

Posted On : 8 Sep 2016 Published By : Tom Whipple
Category:
  • Oil Supply
  • USA

Apache Has High Hopes for New Oil-Field Discovery in Texas

An Apache worker at a drilling rig in the Permian Basin last year. The company… Apache Corp. APA 0.74 % says it has discovered the equivalent of at least two Continue Reading

Posted On : 8 Sep 2016 Published By : Tom Whipple
Category:
  • Earthquakes

Oklahoma quakes do nothing to alter federal stance on hydraulic fracturing – UPI.com

Federal policies and positions on hydraulic fracturing have not changed in response to a weekend earthquake in Oklahoma, a White House spokesman said. The U.S. Geological Survey recorded a magnitude-3.5 tremor Continue Reading

Posted On : 8 Sep 2016 Published By : Tom Whipple
Category:
  • Congress

House moves to hold oil, gas leases online

House members move to hold offshore oil and gas auctions on the Internet. Photo by tartaruga1988/Shutterstock WASHINGTON, Sept. 7 (UPI) — Bipartisan leaders in the U.S. House of Representatives returned Continue Reading

Posted On : 8 Sep 2016 Published By : Tom Whipple
Category:
  • Oil Supply

U.S. Oil Output Drop Gets a Bit Less Drastic as Rigs Return

 EIA WTI, Brent 2016 oil price forecasts rise from August outlook The forecast drop in U.S. oil output just got a little less steep. The Energy Information Administration boosted its Continue Reading

Posted On : 8 Sep 2016 Published By : Tom Whipple
Category:
  • Environment

Will ExxonMobil Have to Pay for Misleading the Public on Climate Change?

Last fall, ExxonMobil executives hurried along the hushed, art-filled halls of the company’s Irving, Texas, headquarters, a 178-acre suburban complex some employees facetiously call “the Death Star,” to a series Continue Reading

Posted On : 8 Sep 2016 Published By : Tom Whipple
Category:
  • Shale Oil
  • USA

Apache Discovers ‘Immense’ Oil and Gas Field in Texas Shale

Driller sees 75 trillion cubic feet gas, 3 billion oil barrels Alpine High field still faces infrastructure challenges Apache Corp. said it’s made an “immense” oil and natural-gas discovery in Continue Reading

Posted On : 8 Sep 2016 Published By : Tom Whipple
Category:
  • p-
  • USA

U.S. advances oil reserve revamp plan, potential crude sale

An oil storage tank and crude oil pipeline equipment is seen during a tour by the Department of Energy at the Strategic Petroleum Reserve in Freeport, Texas, U.S. June 9, Continue Reading

Posted On : 8 Sep 2016 Published By : Tom Whipple
Category:
  • Prices

Oil Prices Edge Lower As Output Freeze Hopes Fizzle Again

OPEC oil After yesterday’s accord between Saudi Arabia and Russia ignited an effervescent oil rally, we have now seen these hopes fizzle out once more. As the ‘task force’ agreement Continue Reading

Posted On : 7 Sep 2016 Published By : Tom Whipple

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