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Month: April 2017

Category:
  • Oil Supply
  • USA

Baker Hughes sees chance of mid-2017 rebound

Industry headwinds remain in some business segments because the global oil and gas sector hasn’t fully recovered from 2016, Baker Hughes reported. The company has reported steady gains in North Continue Reading

Posted On : 26 Apr 2017 Published By : Tom Whipple
Category:
  • Prices
  • USA

U.S. gas prices continue slow summer rise

The price for a gallon of gasoline in the United States is on the increase and could move higher as summer demand figures into market metrics, analysis finds. Motor club Continue Reading

Posted On : 26 Apr 2017 Published By : Tom Whipple
Category:
  • Solar

Solar-Power Subsidies Are Money Well Spent

Regarding Robert Bryce’s “Thanks for Giving Me Your Tax Money” (op-ed, April 19): Mr. Bryce, you and your community are welcome for your reliable and competitive solar electricity. Yours is Continue Reading

Posted On : 26 Apr 2017 Published By : Tom Whipple
Category:
  • Shale Gas

Ohio and Pennsylvania increased natural gas production more than other states in 2016

After reaching a record high of 79 billion cubic feet per day (Bcf/d) in 2015, U.S. marketed natural gas production fell to 77 Bcf/d in 2016, the first annual decline Continue Reading

Posted On : 26 Apr 2017 Published By : Tom Whipple
Category:
  • International Oil Companies

ExxonMobil’s Dividend Tradition Faces Challenge as Oil Sputters

ExxonMobil has boosted it’s dividend every April for at least a decade, delivering more than $98 billion directly to shareholders. (Bloomberg) — Exxon Mobil Corp. has boosted it’s dividend every Continue Reading

Posted On : 26 Apr 2017 Published By : Tom Whipple
Category:
  • Offshore
  • USA

Unsung Gulf of Mexico Tracks New Crude Oil Production Record

Permian Basin hoards the spotlight, but meanwhile, offshore producers are a fraction of a percentage point away from hitting another all-time high during the first half of the year, according Continue Reading

Posted On : 26 Apr 2017 Published By : Tom Whipple
Category:
  • USA

Trump to Order Review of 1906 Monuments Law to Help Oil, Mining

Executive order to seek review of Antiquities Act designations National monuments puts land off limits to energy development President Donald Trump will order a review of as many as 40 Continue Reading

Posted On : 26 Apr 2017 Published By : Tom Whipple
Category:
  • Norway

Norway at least doubles Barents Sea reserve estimate

 The estimated amount of undiscovered oil and gas in the Norwegian waters of the Barents Sea is likely twice what was previously assumed, the government said. Apart from Russia, Norway Continue Reading

Posted On : 26 Apr 2017 Published By : Tom Whipple
Category:
  • Russia

Will Russia Join The OPEC Cut Extension?

As the global oil supply glut grows, Russia has not yet climbed on board of OPEC’s production cut agreement extension. (Click to enlarge) (Click to enlarge) Chart of the Week Continue Reading

Posted On : 26 Apr 2017 Published By : Tom Whipple
Category:
  • Norway

Barents Sea Oil Reserves Twice As Big As Previously Thought

The Norwegian Petroleum Directorate (NPD) said on Tuesday that its latest estimates show that the undiscovered oil and gas resources in the Barents Sea are twice as large as previously Continue Reading

Posted On : 26 Apr 2017 Published By : Tom Whipple

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