Chevron Corporation’s capital and exploratory budget will be $18.3 billion in 2018, down from $19.8 billion in 2017. Chevron Corporation’s capital and exploratory budget will be $18.3 billion in 2018, Continue Reading
New technology applications are breaking records in the Austin Chalk. Somewhere down the line, someone coined the phrase, “Big oilfields only get bigger.” Now an adage, the observation was made Continue Reading
A wind turbine generator outside Peetz, Colo. The Republican tax bills seek to scale back tax preferences for renewable energy like wind and solar. WASHINGTON — The Republican tax bills Continue Reading
No doubt, these four companies are solid and have a lot of running room, but so are the other 12 companies. Plus, all of the upstream oil & gas companies Continue Reading
Shale drillers are starting to show some caution when it comes to their pace of drilling, but some of the oil majors are still increasing their efforts in the shale Continue Reading
The renewed optimism in the oil markets and the $55-plus WTI prices may have warranted frenzied production growth across the U.S. shale patch, if it wasn’t for the 2015-2016 downturn. Continue Reading
While the dust may now have settled on last week’s OPEC meeting, the cartel’s impact on U.S. oil inventories is set to linger on. Stocks are at their lowest level Continue Reading
U.S. crude on Wednesday slid nearly 3 percent on Wednesday, its biggest daily decline in more than two months, after a sharp rise in U.S. inventories of refined fuel suggested Continue Reading
People pass the “Climate Planet,” an exhibition and film venue sponsored by the German Federal Ministry of Economic Cooperation and Development, near the plenary halls of the COP 23 United Continue Reading
China’s Sinopec Group has hired BNP Paribas ( BNPP.PA ) to sell its oil business in Nigeria and Gabon, three people with knowledge of the matter said, as the state-owned Continue Reading
Sinopec USA, a subsidiary of the Chinese oil and gas conglomerate, has sued Venezuela’s state oil company PDVSA in a U.S. court, claiming it never received full payment for an Continue Reading
One of China’s biggest state-owned oil companies is suing its Venezuelan counterpart in a US court, in a sign that Beijing’s patience over unpaid debts is running out as the Continue Reading
China’s moves to set up trading oil in yuan have sparked enthusiasm about what could be a shift in the global financial system: a reduced role for the U.S. dollar. Continue Reading
A gas pipeline running from Texas shale could be converted to send oil to the Gulf Coast by the start of the next decade, Enterprise Products Partners said. The company Continue Reading
Liquefied natural gas is a way to extend influence over the horizon to Europe, though similar gains are possible for Latin America, a U.S. senator said. Polish Oil and Gas Continue Reading
U.S. crude oil refinery inputs averaged 17.2 million barrels per day during the week ending December 1, 2017, 192,000 barrels per day more than the previous week’s average. Refineries operated Continue Reading
While the dust may now have settled on last week’s OPEC meeting, the cartel’s impact on U.S. oil inventories is set to linger on. Stocks are at their lowest level Continue Reading
Toyota will build the first megawatt-scale hydrogen fuel and renewable generation plant, setting a new energy benchmark that experts hope with pave the way for Australia’s hydrogen industry. Toyota North Continue Reading
This week in one of their daily Today In Energy columns, the Energy Information Administration highlighted the tremendous growth of natural gas production in the Appalachian Basin: Shale gas production in the Continue Reading
European oil shares, having been for so long the dividend darlings of income funds, are losing their pulling power as investors take another look at the long term future of Continue Reading
Twelve major shareholders in U.S. shale-oil-and-gas producers met this September in a Midtown Manhattan high-rise with a view of Times Square to discuss a common goal, getting those frackers to Continue Reading
The GOP tax overhaul passed both chambers of the U.S. Congress, although a lot remains to be done before a bill can reach the President’s desk. Still, there are a Continue Reading
TER, an international project to build a prototype nuclear fusion reactor in southern France, said it is facing delays if the Trump administration does not reconsider budget cuts. ITER Director-General Continue Reading
Oil prices dipped on Wednesday, as refined product inventories in the United States rose in what the market interpreted as a sign of lacklustre demand. Brent crude futures LCOc1, the Continue Reading
The American Petroleum Institute (API) reported a large draw of 5.481 million barrels of United States crude oil inventories for the week ending December 1, while analysts had expected a Continue Reading
The 14-strong Organisation of Petroleum Exporting Countries (OPEC), along with 10 oil states outside of the cartel, has reached an agreement to limit oil output until the end of 2018. Continue Reading
The price of oil has always been driven by cycles of fear and complacency. During the cycle of fear, geopolitical events can send the price of oil soaring. During the Continue Reading
Natural gas production in the Appalachia region (which includes the Marcellus and Utica shales) has increased by more than 14 billion cubic feet per day (Bcf/d) since 2012. That growth Continue Reading
Bank of America Merrill Lynch sees Brent at $70 next year U.S. crude stocks probably fell 2.5 million barrels last week Crude rose as lower OPEC production and signs of Continue Reading
Nigerians have been thrown into panic following the re-emergence of long queues at fuel stations in parts of the country. The situation, amid rumour of hike in pump price of Continue Reading
There will be an uptick in the number and capacity of LNG projects sanctioned in 2018, according to a new report. There will be an uptick in the number and Continue Reading
A Japanese company becomes the second possible Asian consumer to express interest in Alaskan LNG in less than a month. Map courtesy of Alaska Gasline Development Corp. Dec. 5 (UPI) Continue Reading
Asian nation will stop accepting scrap imports as of Jan. 1 New-made material will fill the gap, benefiting U.S. producers China is upending the global plastics market. The world’s biggest Continue Reading
Fords at an auto show in Guangzhou, China, last month. Ford Motor said Tuesday that it planned to introduce 15 models in China by 2025 that run at least in Continue Reading
The pace of China’s oil imports growth is one of the most closely watched indicators in the industry—a gauge of the country’s huge appetite for oil and the impact it Continue Reading
Even as the U.S. Senate moves to allow oil drilling in Alaska’s Arctic National Wildlife Refuge (ANWR), the real action is 150 miles (241 km) west, where industry proponents hope Continue Reading
The American Petroleum Institute on Tuesday launched a voluntary program to cut emissions of the greenhouse gas methane from oil and gas operations, a move environmentalists said was not strong Continue Reading
The U.S. trade deficit increased to $48.7 billion in October from $44.9 billion in September amid rising imports and higher crude oil prices, increasing the value of U.S. oil imports, Continue Reading
The gradual climb in oil prices in recent weeks has revived hopes that US shale oil producers will return to profitability, while also renewing fevered dreams of the US becoming Continue Reading
A Ferocious fires tore through Southern California on Tuesday, burning massive stretches of land in a matter of hours and forcing tens of thousands of people from their homes. Firefighters in Continue Reading
Many analysts expect U.S. shale to put the pedal to the metal after OPEC extended the production cuts through the end of next year, but some shale executives are unmoved Continue Reading
2017 will most likely witness a continuation in the decline of conventional oil discoveries. This year has seen no major onshore discovery, pretty much all significant finds were confined to Continue Reading
This briefly covers the production side as the hurricane outages are dominating the trends at the moment, but there’s a section at the end on discoveries and reserves that may Continue Reading
The American shale boom may be overstated by the U.S. Energy Department, according to a new MIT study that suggests the agency may be over-attributing a rise in shale drilling Continue Reading
France will reduce the share of nuclear energy in its electricity mix “as soon as possible”, French junior environment minister Brune Poirson said on Tuesday, although she did not give Continue Reading
Russian energy company Novatek said a new era for one of the world’s largest gas suppliers has begun with the start of LNG operations on the Yamal Peninsula. Novatek said Continue Reading
By cutting the break-even cost by more than half, Norwegian major Statoil said it’s decided on a development plan for the mega Johan Castberg oil field. Johan Castberg is located Continue Reading
Statoil gave the final go-ahead to a flagship Arctic oil project after slashing costs by half. (Bloomberg) — Statoil ASA gave the final go-ahead to a flagship Arctic oil project Continue Reading
Honda has invested in advanced bi-directional charging technology at its European R&D site in Offenbach, Germany, which is helping to balance demand and store energy more efficiently across the facility. Continue Reading
U.S. rig count at highest since September, output at record Shale drillers will boost spending 20% in 2018: Evercore Oil retreated amid worries that OPEC’s deal to extend production cutbacks Continue Reading
