Don’t Expect Aggressive U.S. Shale Drilling
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
The ‘Mega’ Oil Field That Will Never Boom
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
GoM Production: August and September Update
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
Is The EIA Overestimating The U.S. Shale Boom?
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 to reduce share of nuclear in power mix ‘asap’: minister
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
Russia’s Novatek now a world player with Yamal LNG
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
Statoil submits formal plans for mega Barents Sea oil field
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 Greenlights $6B Flagship Arctic Oil Project
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 installs new bi-directional charging technology at European R&D center
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
Oil Slips as OPEC Deal Seen Leading to Potential Shale Surge
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