Cuba oil potential estimate revised higher
Cuba-focused Melbana Energy said it more the doubled its reserve estimates for onshore oil, though recovery rates there are low so far. Melbana is one of the few Western oil Continue Reading
China’s 2016 oil demand in the red as GDP growth hits 26-year low
China’s apparent oil demand slipped into the negative territory in 2016, a sharp reversal from the near 7% growth witnessed a year earlier, as the country’s slowest GDP growth in Continue Reading
Top 10 Bankruptcies Of 2016 Feature 9 Energy Firms
Low oil prices and the distress of the solar, coal, and oil and gas producers resulted in nine energy firms making the top 10 of public company bankruptcies for 2016 Continue Reading
U.S. Shale Sees Rebound In 2017…But Mostly From The Permian
The oil industry invested more than $28 billion in buying up land in the Permian Basin in 2016, three times the amount spent in 2015, according to Reuters . That Continue Reading
The Canadian Comeback: Oil Rig Productivity Takes A Huge Leap
How much wood could a woodchuck chuck? Okay, that’s trite, but assuming a woodchuck can chuck wood, the classic children’s alliteration leads economists to think about productivity, poetically. Now I Continue Reading
U.S. May Export More Oil in 2017 Than Four OPEC Nations Produce
U.S. crude exports are poised to surpass production in four OPEC nations in 2017 and may grow even more if President Donald Trump honors pledges to ease drilling restrictions and Continue Reading
Former Exxon CEO Tillerson Confirmed as US Secretary of State
Rex Tillerson, the former Exxon Mobil Corp. chief, won Senate confirmation as secretary of state after lawmakers split mostly along party lines on U.S. President Donald Trump’s choice of an Continue Reading
Are Dakota Access And Keystone XL Really That ‘Dangerous’?
“show me a pipe and I will show you a leak” …. Common Sense It’s no secret that the Keystone XL (KXL) and Dakota Access Pipelines were resurrected last week Continue Reading
‘Beyond the extreme’: Scientists marvel at ‘increasingly non-natural’ Arctic warmth
Arctic temperature difference from normal during January. (WeatherBell.com) The Arctic is so warm and has been this warm for so long that scientists are struggling to explain it and are Continue Reading
Electric Cars Could Cause Big Oil This Much Damage
The growth of battery-powered cars could be as disruptive to the oil market as the OPEC market-share war that triggered the price crash of 2014, potentially wiping hundreds of billions Continue Reading