US unconventional oil production is forecast to increase to 7.522 million b/d in September, up 93,000 b/d from August, the US government said Monday – the smallest month-on-month growth projection Continue Reading
Chesapeake Energy has agreed to end a four-year federal class-action battle over natural gas royalties with Pennsylvania leaseholders for $7.75 million, but left the door open to walking away from Continue Reading
In the climactic final scene in There Will Be Blood — arguably the greatest movie about the oil industry — the main character played by Daniel Day Lewis explains how Continue Reading
The United States is sending via pipelines record volumes of natural gas to Mexico, and although U.S. pipeline capacity to Mexico and production and exports have jumped in recent years, Continue Reading
There’s been no luck in an effort to find new reserves near a multimillion-barrel prospect in the Barents Sea, the Norwegian government stated Monday. The Norwegian Petroleum Directorate, the nation’s Continue Reading
A COMPUTER MODEL developed in 1973 by a team of MIT researchers has predicted the “end of civilized life as we know it” by 2040, with a major change coming Continue Reading
It took more than 20 years for littoral states of the Caspian Sea to reach an agreement that would lay the legal foundations for the full utilization of the region’s Continue Reading
German Chancellor Angela Merkel and Russian President Vladimir Putin will meet in Germany on Saturday, August 18, and will discuss , among other things, the Nord Stream 2 natural gas Continue Reading
Oil prices steadied on Monday as trade tensions and troubled emerging markets dented the outlook for fuel demand, though U.S. sanctions against Iran pointed towards tighter supply ahead. Benchmark Brent Continue Reading
The oil market has experienced a “cooling down” this summer as global supply disruptions have eased at a time when demand has also slowed a bit, according to a new Continue Reading
