Exxon and Chevron place long-term bet on Permian shale boom
The big oil companies turned up late to the Permian party, but they are making up for lost time. ExxonMobil and Chevron, the two largest US oil groups, this week Continue Reading
Bloomberg Launches Alternative To Green New Deal
Michael Bloomberg will not run for president. That was the main outtake from the businessman and philanthropist’s op-ed for Bloomberg the other day. But the more important outtake was his Continue Reading
U.S. Will Soon Export More Oil, Liquids Than Saudi Arabia
In a pivotal geopolitical shift, the United States will soon export more oil and liquids than Saudi Arabia. This remarkable turnaround is made possible by the continued rise in oil Continue Reading
Washington’s Offshore Drilling Plan Due In Weeks
The Trump administration is set to unleash its offshore, five-year oil drilling plan within weeks, Reuters reported , quoting an unnamed source in the know. The plan is being prepared Continue Reading
US rig count falls 25 on week to 1,085: S&P Global Platts Analytics
Highlights Oil rig count drops by 11 to 856, led by six rig decline in Permian Basin Gas rig count increases by one to 225 New York — The combined Continue Reading
ExxonMobil ups production outlook on Permian, Guyana growth
Highlights Sees 2019 production of 4 million boe/d Permian to account for 40% of growth to 2025 Stabroek reserves estimate now 5.5 billion boe New York — Receive daily email Continue Reading
Tesla introducing V3 Supercharging; up to 250 kW per car
Tesla announced that it is introducing V3 Supercharging, which will support peak rates of up to 250 kW per car. V3 represents a new architecture for Supercharging. A new 1MW Continue Reading
US to Export More Oil, Liquids than Saudi Arabia in 2019
The U.S. is poised to export more oil and liquids than Saudi Arabia by year-end, according to Rystad Energy. The shift, Rystad explains, comes from continued rising production from U.S. Continue Reading
Permian Still Booming Despite Hurdles
The Permian’s oil pipeline network is expected to grow 60-70 percent in the next five years. The Permian Basin is the energy-producing juggernaut behind the U.S. shale revolution. This vast Continue Reading
Colorado Passes Bill Threatening 100,000+ Jobs
The Colorado State Senate Transportation and Energy Committee passes a bill which the American Petroleum Institute says ‘threatens hundreds of thousands of jobs’. The Colorado State Senate Transportation & Energy Continue Reading