Nigeria’s crude oil production, including condensate hit 2.057 million barrels per day (bpd) in the month of December 2017. This is higher than the 1.93 million bpd including condensate recorded Continue Reading
French energy company Total said it’s now a premier player in the oil basins off the coast of Brazil after finalizing a partnership with a state energy company. Total and Continue Reading
Colombia’s Transandino pipeline stopped operating on Sunday after a bomb planted by ELN rebels caused a crude spill into a nearby river, according to a joint announcement by Ecopetrol and Continue Reading
Venezuela’s oil production has increased to near 1.9 million barrels per day after hitting a historic low last year, according to Manuel Quevedo, oil minister and head of state oil Continue Reading
China exported a record volume of refined oil products in December, but the oil price rally has been driving refining margins down in recent weeks. These falling margins mean January’s Continue Reading
It generally takes five times as many coal mining and power plant workers to generate a megawatt hour of electricity as wind-farm operators, according to BW Research Partnership, an economic Continue Reading
Shale drillers are scrambling to take advantage of the recent surge in oil prices, but the cost of production could begin to creep up, offsetting some of the promised gains. Continue Reading
A recent Rigzone survey reveals the outlook of North America respondents. Rigzone recently released results from its global survey exploring the oil and gas industry outlook for 2018 and almost Continue Reading
Company expects $1.7 billion charge in fourth-quarter results Payments from deadly accident now seen at $3 billion for 2018 BP Plc raised the amount it will pay this year for Continue Reading
Surging shale production is poised to push U.S. oil output to more than 10 million barrels per day – toppling a record set in 1970 and crossing a threshold few Continue Reading
