Oil Prices Are Sensitive to Drilling Activity
The Permian Basin is now the world’s swing oil producer, with a lag. WTI is $63/bbl, down from its January high near $67/bbl. Brent is selling near $67/bbl, with a Continue Reading
Royalties: Why Some Strike It Rich In The Natural Gas Patch, And Others Strike Out
Impact Pennsylvania Jim Barrett stands next to a wellpad on his farm in Bradford County. He says Chesapeake Energy, which drilled four natural gas wells on his land, is cheating Continue Reading
Trump tariffs out of alignment with energy dominance quest
Tariffs on steel and aluminum announced by U.S. President Donald Trump brought concerns from the very energy sector he’s trying to support. Jack Gerard, the president and CEO of the Continue Reading
The Governor and Louisiana Lawyers Plot an Energy Shakedown
Louisiana Gov. John Bel Edwards was elected in 2015 with substantial support from trial lawyers, and he’s now repaying them in kind. The former minority leader of the state’s House Continue Reading
U.S. Rig Count Inches Higher As Canadian Rig Count Slips
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 981, which is Continue Reading
Chevron: We Will Survive Under Any Climate Change Scenario
In its second climate change report Chevron said its business is resilient to a number of scenarios the company has looked into, despite the push towards more renewable energy and Continue Reading
Oil Explorers Lift Rig Count to 800 First Time Since 2015
US oil explorers raised the rig count to 800 for the first time in almost three years. (Bloomberg) — U.S. oil explorers raised the rig count to 800 for the Continue Reading
Canada’s First Nations Seek Bigger Stakes, Profits From Oil Sector
Canada’s First Nations are boosting investments and leveraging their clout with regulators to gain stakes in oil and gas projects. CALGARY, Alberta, March 2 (Reuters) – Canada’s First Nations are Continue Reading
Snow-hit Ukraine faces gas squeeze as Gazprom holds back supplies
Kiev and Moscow plunged into a new gas dispute on Thursday after Russia’s Gazprom unexpectedly decided not to restart supplies, forcing Ukraine to cut usage despite freezing weather. Ukraine’s state-owned Continue Reading
Russia’s Rosneft says will develop projects alone after Exxon’s exit
Kremlin-controlled energy giant Rosneft said on Thursday it would continue developing oil and gas projects on its own after Exxon Mobil Corp pulled out from some of the two firms’ Continue Reading