U.S. shale oil barrels that find their way on the international market could have the Organization of Petroleum Exporting Countries to thank, analysis suggests. The United States is now rivaling Continue Reading
Ahead of its fourth quarter report, U.S. shale company Continental Resources said it expects its net production to grow by at least 15 percent. Total U.S. oil production is a Continue Reading
Canadian heavy crude rallied to a two-month high relative to U.S. crude this week, offering some relief to oil producers in Alberta struggling with thin margins amid plentiful supply. The Continue Reading
Italian energy company Eni said Friday its production level in December reached an all-time high, attributing much of its gain to offshore Egypt. Eni reported December production of 1.92 million Continue Reading
Put to the test with high winds and strong seas, Norway’s Statoil said a floating wind farm in Scottish waters shows promise for deepwater installations. During its first three months Continue Reading
Russia’s economy may come to feel a negative impact from the OPEC-led oil production cut deal, the central bank warned , adding that it expected GDP growth during the first Continue Reading
Prospects for the UK shale industry remain ‘widely bearish’, according to oil and gas analysts at BMI Research. Prospects for the UK shale industry remain ‘widely bearish’, according to oil Continue Reading
The emergence of electric cars can lead to a reduction of oil consumption by road transport by the mid-2020s, the Russian Central Bank said in its report. According to the Continue Reading
Russia’s oil production in the Arctic will reach peak levels in the 2020s, head of the state commission on natural resources Igor Shpurov said. Over 2017, he said, Russia produced Continue Reading
Shale executives have gone to great lengths to convince investors that they will not drill aggressively now that oil prices have rallied into the $60s. But in a new report Continue Reading
