Chesapeake Energy Declares ‘Propageddon’ With Record Shale Frack
Mega amounts of sand are used to prop open cracks in the rock Production boosted 70 percent as a result of the new method The era of the monster frack Continue Reading
Russia Oil Capable of Significant Output Growth, Sechin Says
Rosneft CEO says country has capacity to add 200m tons a year Energy minister set to meet Saudi counterpart for supply talks Russia’s largest oil company said the nation is Continue Reading
Russian oil company sends mixed signal on supply issues
Oil prices will move past $55 per barrel as supply-side pressures ease next year, though Russia has the ability to boost output if need be, Rosneft’s CEO said. Igor Sechin Continue Reading
Low oil prices have affected Russian petroleum companies and government revenues
Russian federal revenue from oil and natural gas production has declined significantly in response to low oil prices. However, Russian oil and natural gas companies’ capital investment programs have been Continue Reading
The UK’s Oil And Gas Ultimatum: Exploration Or Bust
Here’s something that most of you probably knew but didn’t really want to see written in a report: the number of jobs in the UK’s oil and gas sector has Continue Reading
Royal Dutch Shell to Sell $1 Billion of Western Canadian Assets in Latest Divestment
Royal Dutch Shell has agreed to sell Western Canadian shale-oil and gas assets valued at… Shell said Thursday it would sell developed and undeveloped acreage in the Canadian provinces of Continue Reading
Oil prices dip after strong rally, but sentiment remains confident
Oil prices dipped on Thursday on profit taking after markets rallied the previous day due to a draw in U.S. stocks and an expectation of an OPEC-led cut in production. Continue Reading
Oil Prices Close To One Year Highs On Bullish Inventory Report
Oil is closing in on the highs for the year in response to a surprise draw to crude inventories (all paths lead back to energy, all inventory surprises lead back Continue Reading
After Lean Years, Big Oil May Emerge Stronger Than Ever
Big Oil is clawing its way back. After a heart-stopping plunge in the price of crude over the last two years, along with slashed dividends and the elimination of tens Continue Reading
Oil Prices at One-Year High on Falling Stockpiles
U.S. oil prices shot up to a one-year high after another week of draining stockpiles further convinced traders that a longstanding glut may be waning. U.S. crude storage levels have Continue Reading