Federal Government’s plans to increase crude oil production to four million barrels daily (bpd) will receive a boost, as the multi-billion dollar Egina Floating Production Storage and Offloading (FPSO) vessel, Continue Reading
While the United States, Mexico, and Canada are due to meet for a second round of NAFTA talks on Friday, the Texas Association of Business welcomes proposed U.S. legislation that Continue Reading
The United States has proposed an oil embargo against North Korea enforced by the United Nations after Pyongyang authorized nuclear tests that violated several UN resolutions. Yi encouraged the global Continue Reading
ConocoPhillips is still shut out of its global headquarters nearly two weeks after Tropical Storm Harvey slammed into Houston, so Chief Executive Ryan Lance and thousands of employees are running Continue Reading
U.S. oil refinery utilization rates slumped 16.9 percentage points to 79.7 percent last week, the lowest rate since 2010, according to data released by the U.S. Energy Information Administration on Continue Reading
The state energy sector is the primary driver of the economic recovery underway in shale-rich Oklahoma, the head of the state treasurer said. Oklahoma is home to about 4 percent Continue Reading
While parts of the U.S. Gulf Coast are recovering from Hurricane Harvey, Irma’s move through the Caribbean is causing gasoline shortages, data tracking show. Refineries and production centers along the Continue Reading
U.S. crude oil refinery inputs averaged 14.5 million barrels per day during the week ending September 1, 2017, about 3.3 million barrels per day less than the previous week’s average. Continue Reading
Summary Despite Wall Street’s love for shale, the industry has not been able to support itself through internal cash generation. If Wall Street’s love affair with shale fades, the party Continue Reading
Summary Hurricane Harvey took offline over 50% of Texas’ refining capacity and shut down large percentage of the wells in the major Eagle Ford shale play. This week, Hurricane Irma Continue Reading
