U.S. set to become energy exporter by 2026: EIA
The United States is projected to become a net energy exporter over the next decade due to rising natural gas exports and falling petroleum product imports, the U.S. Energy Information Continue Reading
Another North Sea production milestone
A field complex in the North Sea has passed a production milestone of 1 billion barrels of product, far more than expected, Aker BP said. Aker BP, a merger of Continue Reading
Huge Antarctic iceberg poised to break away
A huge iceberg, a quarter the size of Wales, is poised to break off from the Larsen C ice shelf An iceberg expected to be one of the 10 largest Continue Reading
The Future Of Oil And Gas? Look To The Past
In the early days of 2017, it behooves oil and gas companies to reflect on the past, while making plans robust to an uncertain future outlook. There are several questions Continue Reading
Oil dips on doubts over touted production cuts
Oil prices dipped on Thursday on doubts producers would fully deliver on promises to cut output, although record U.S. automobile sales and falling crude stocks offered markets some support. Brent Continue Reading
Oil at $65 Per Barrel? Energy Pros Hopeful In 2017
Permian will remain a big deal, but other plays nipping at its heels for investment in the new year, experts say. With OPEC production plans in place and new leadership Continue Reading
Oil Higher on Declining Stocks, Falling Dollar
Oil prices ticked higher Wednesday as the dollar fell and analysts said they expect U.S. stockpiles declined last week. Light, sweet crude for February delivery settled up 93 cents, or Continue Reading
OPEC Oil Output Slides in December Amid Nigeria Disruptions
OPEC’s crude production fell by 310,000 barrels a day in December, as unplanned disruptions in Nigeria reduced the group’s supply before deliberate cuts take effect this month. Nigeria’s daily output Continue Reading
Libya Oil-Export Terminal Said to Re-Open as Output Rises
Libya is re-opening its last major oil-export terminal that shut amid the conflict hobbling output in the country with Africa’s largest crude reserves. The Zawiya terminal is preparing to resume Continue Reading
Lebanon Set to Join East Mediterranean Race for Oil and Gas
Lebanon approved two measures allowing it to auction its first offshore oil and natural gas rights, ending three years of delays that kept the tiny country from joining a regional Continue Reading