New Oil Discovery Could Spur China’s Shale Boom
A PetroChina test oil well at a shale field in western China could finally mean a strong commercial potential for shale oil for the first time in the world’s top crude importer, Continue Reading
U.S. shale oil output to hit record 8.4 million bpd in March: EIA
U.S. oil output from seven major shale formations is expected to rise 84,000 barrels per day (bpd) in March to a record of about 8.4 million bpd, the U.S. Energy Continue Reading
The Drilling Productivity Report
The Drilling Productivity Report uses recent data on the total number of drilling rigs in operation along with estimates of drilling productivity and estimated changes in production from existing oil Continue Reading
Amazon To Invest In Electric Pickups, SUVs
Amazon.com, Inc., just added electric trucks and SUVs to its broad investment portfolio. Electric truck and SUV startup Rivian just announced that its $700 million funding round is being led Continue Reading
The 30 Most Exciting Wildcat Plays Of 2019
After years of budget cuts, oil and gas companies are finally stepping up their exploration game. Several wildcat wells planned for 2019 have the potential to be “elephant” finds, according Continue Reading
Devon Energy beats production estimates in fourth quarter
Oil and gas producer Devon Energy Corp beat quarterly production estimates on Tuesday on the strength of its U.S. shale assets and forecast a strong year ahead, sending its shares Continue Reading
U.S. Nuclear Has A Tough Road Ahead
The United States nuclear industry is in a tough spot. It’s unpopular with the public due to high-profile disasters like 1979’s Three Mile Island meltdown, and its bottom line has Continue Reading
Cheaper Natural Gas Is Coming To Europe
The European Union recently updated its gas pipeline rules in a bid to assuage concerns about its deepening dependence on Russian gas. The move was generally praised by Nord Stream Continue Reading
Where Will Putin Build His Next Gas Pipeline?
Russian gas giant Gazprom has invested billions in extending and diversifying its pipeline infrastructure to Europe through Turk Stream and Nord Stream 2. Both projects are part of Moscow’s vision Continue Reading
Crude oil futures mixed on output flows and bearish China data
Crude oil futures were mixed during mid-morning trade in Asia Tuesday as markets digested bullish reports on Saudi crude exports and bearish reports on China demand data. At 10:35 am Singapore Continue Reading