Brazil and Mexico, 2017 Summaries
Brazil had a fairly uneventful 2017 for C&C production. Overall production was up 4.5% at 957 mmbbls (114 kbpd average), but the December exit rate was down 4.5%, or 124 Continue Reading
How Shell hid a Whale before placing Mexican oil bet
The gasps in the audience were clearly audible at the auction of Mexico’s oil blocks a month ago as Royal Dutch Shell’s hefty bids were announced one by one. The Continue Reading
China Looks To Close Teapots’ Oil Tax Loopholes
China is tightening government control over the collection of the oil consumption tax in order to eliminate the loopholes that independent refiners—known as teapots—have been exploiting to beef up their Continue Reading
EIA’s Shocking U.S. Oil Production Predictions
Between 2010 and 2015, annual oil production in the U.S. grew by four million barrels per day (BPD). Production dipped in 2016, but then U.S. crude oil production again rose Continue Reading
Trump backs compromise deal on biofuels policy: sources
U.S. President Donald Trump told rivals from the oil and corn industry gathered at the White House on Thursday that he supports changing the nation’s biofuels policy in a way Continue Reading
Spring gas prices could be the highest in two years
On average, motorists in the United States may be paying the highest price for gasoline since the summer of 2015, motor club AAA reported Thursday. AAA lists a national average Continue Reading
GE Plans Wind Turbine Nearly Three Times as Tall as Statue of Liberty
General Electric Co. GE -0.64% said Thursday that it is planning to build what would be the world’s largest offshore wind turbine—a behemoth nearly three times as tall as the Continue Reading
MIT’s Miracle Energy Breakthrough
A black box has been sitting on the roof of a Massachusetts Institute of Technology building for the last few months. Beside it sits a weather monitoring system and a Continue Reading
U.S. Gasoline Consumption Falls For The First Time In Five Years
While it was a fall, the fall was quite small—government figures show that consumption was down by just 0.0006 percent compared to 2016. The demand reduction occurred in the first Continue Reading
Oklahoma Bolsters Earthquake Protocol For Frackers
Oklahoma has witnessed a surge in earthquakes over the past decade. Regulators and scientists largely agree that the higher seismic activity is associated with the injection of wastewater from oil Continue Reading