Upstream investment in crude oil and liquids production is highly sensitive to crude oil prices, particularly production of higher-cost resources from tight rock formations, oil sands, and offshore deepwater. In Continue Reading
Baker Hughes reported another 3-rig increase to the number of oil and gas rigs this week. The total number of oil and gas rigs now stands at 984, which is Continue Reading
Alberta’s government may be considering a suspension of crude oil shipments to British Columbia in the latest episode of what is turning into a drama series starring Canada’s biggest oil Continue Reading
Investments in the Permian Basin represent $2 of every $10 spent on oilfield services and equipment worldwide, according to analysis by an Oklahoma-based consulting firm. Spears & Associates said spending Continue Reading
Tesla’s chief executive Elon Musk took to Twitter on Thursday to complain to U.S. President Donald Trump about the unfair trade rules on U.S. car sales in China, which make Continue Reading
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A building under construction in Franklin Lakes, N.J., this week. About 313,000 jobs were added last month. There are 39 pages in the Labor Department’s February report on the employment Continue Reading
The fourth quarter upstream earnings season raised multiple issues in the oil patch. But the biggest theme was really a single, solid dilemma: can E&P operators hit their production growth Continue Reading
The American Petroleum Institute released new studies showing potential economic benefits to states and communities along the Atlantic, Pacific, Alaskan, and eastern Gulf of Mexico portions of the US Outer Continue Reading
After swarms of earthquakes caused by hydraulic fracturing, Oklahoma has introduced tougher regulations than those used by any Canadian energy regulator. Last month the Oklahoma Corporation Commission ordered all drillers Continue Reading
