24 Oil Wells in a School’s Backyard. How Close Is Too Close?
A new oil rig will rise behind a middle school in this sprawling county in the coming months, its slender tower bearing an announcement: fracking is back. After a downturn Continue Reading
Weekly Petroleum Status Report
Summary of Weekly Petroleum Data for the Week Ending May 25, 2018 U.S. crude oil refinery inputs averaged about 17.2 million barrels per day during the week ending May 25, Continue Reading
Higher Prices To Help Oil Companies Refinance $400B In Debt
Oil and gas companies that took a lot of loans and issued five- and seven-year notes in the “exuberance” years before 2014 are likely to get more favorable terms from Continue Reading
Buffett’s MidAmerican Energy Boasts Major Renewable Push
MidAmerican Energy, a company of Berkshire Hathaway, is on track to become the first investor-owned utility in the United States whose electricity production from renewable source is equal to the Continue Reading
FERC partly grants Rover natural gas pipeline request, allows full service on mainline, start of supply connector
The US Federal Energy Regulatory Commission partly granted Rover Pipeline’s request to bring additional segments into service Thursday morning but held off on giving the go-ahead for two key laterals Continue Reading
SoftBank to invest $2.25B in GM Cruise; GM to add $1.1B; driving large-scale AV deployment
SoftBank Vision Fund will invest $2.25 billion in GM Cruise Holdings LLC (GM Cruise), further strengthening the company’s plans to commercialize autonomous vehicle (AV) technology at large scale. GM will Continue Reading
US Gas Caps Biggest May Gain Since 2010 as Deficit Sticks
U.S. natural gas futures are having their best May rally since 2010 as hot weather boosts demand for the power plant fuel, slowing efforts to refill depleted inventories. Prices rose Continue Reading
Exxon Says the World Needs Even More Oil
Exxon Mobil Corp’s Darren Woods says his company is at the center of a delicate balancing act between those who want a cleaner environment and those seeking economic growth that Continue Reading
Airline executives brace for oil price turbulence at Sydney gathering
Airline executives are gathering in Sydney’s winter chill under the shadow of higher oil prices and a string of accidents after enjoying a near-spotless 2017 in terms of profits and Continue Reading
Why Aren’t Permian Oil Producers Profitable?
The Wall Street Journal recently reported that only five of the Top 20 U.S. oil companies focused mostly on hydraulic fracking generated more cash than they spent in the first Continue Reading
Shell Starts Deepwater Gulf Of Mexico Oil Project Ahead Of Schedule
Shell said on Thursday that it had started early production at a deepwater subsea development in the U.S. Gulf of Mexico a year ahead of schedule and at a forward-looking, Continue Reading
Johan Sverdrup topside heads to North Sea
A component of a drilling platform for the development of the Johan Sverdrup oil field in the North Sea is on its way to its final destination, Equinor stated. The Continue Reading
Oil majors plug into electric vehicle technology Investments highlight concerns over changing patterns of transportation
BP’s $20m investment last week in StoreDot, the Israeli developer of ultra-fast-charging batteries, was small change in comparison with the billions of dollars poured into oil and gas each year Continue Reading