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Month: February 2017

Category:
  • Oil Supply
  • USA

EIA: US Oil Production Rose 105,000 Bpd In November

U.S. crude output rose for the second consecutive month in November, according to a U.S. government report released Tuesday. Evidence of the growth in U.S. production comes as the oil Continue Reading

Posted On : 1 Feb 2017 Published By : Tom Whipple
Category:
  • Pipelines

Army Corps of Engineers to give easement to Dakota Access Pipeline: U.S. senator

Sen. John Hoeven (R-ND) questions U.S. Secret Service Director Joseph Clancy at a Senate Appropriations Homeland Security Subcommittee hearing on the Secret Service FY2016 budget on Capitol Hill in Washington Continue Reading

Posted On : 1 Feb 2017 Published By : Tom Whipple
Category:
  • USA

As oil recovers, U.S. firms descend on the Permian Basin in West Texas

In most U.S. shale oil regions, energy firms are making strategic but cautious bets as the price of oil holds above $50 a barrel. Here in the Permian Basin of Continue Reading

Posted On : 1 Feb 2017 Published By : Tom Whipple
Category:
  • International Oil Companies

Shell to Sell U.K. North Sea Oil Fields for $3.8 Billion

LONDON—Royal Dutch Shell PLC is selling much of its British North Sea oil operations to a private-equity backed company for up to $3.8 billion, marking an important milestone in the Continue Reading

Posted On : 1 Feb 2017 Published By : Tom Whipple
Category:
  • exports

U.S. Enjoys First-Ever Oil Trade Surplus With Latin America

The U.S. for the first time is pushing more crude and refined petroleum products into Latin America than it brings back, signaling a change in the global trade map that Continue Reading

Posted On : 1 Feb 2017 Published By : Tom Whipple
Category:
  • Offshore

This Is Who Will Pay for Shutting Down North Sea Oil Rigs

Royal Dutch Shell Plc’s $3.8 billion sale of North Sea oil and gas fields creates a model for further transactions in a region where the question of who pays to Continue Reading

Posted On : 1 Feb 2017 Published By : Tom Whipple
Category:
  • International Oil Companies

Exxon boosts capital budget but takes $2 billion charge from XTO deal

Exxon Mobil Corp ( XOM.N ) boosted its 2017 capital budget on Tuesday by about 14 percent on a bet that crude prices have stabilized, but posted its lowest quarterly Continue Reading

Posted On : 1 Feb 2017 Published By : Tom Whipple
Category:
  • Peak Oil

End of the “Oilocene”: The Demise of the Global Oil Industry and of the Global Economic System as we know it.

In 1981 I was sitting on an eroded barren hillside in India, where less than 100 years previously there had been dense forest with tigers. It was now effectively a Continue Reading

Posted On : 1 Feb 2017 Published By : Tom Whipple

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