The very low natural gas prices in the Permian are dragging down exploration and production (E&P) investment returns in the most prolific U.S. shale oil basin, Moody’s Investors Service said Continue Reading
The number of active oil and gas producing companies in Western Canada declined by nearly 17.5 percent between December 2014, when oil prices were already crashing, and December 2018, a Continue Reading
Shell has sold its 22.45-percent interest in the Anadarko-operated Caesar-Tonga field in the U.S. section of the Gulf of Mexico to Israeli Delek Group for US$965 million. Besides the field Continue Reading
The US oil and gas rig count dropped by eight week on week Thursday to 1,090, resuming a five-month general downward trend even as oil prices remained in the low Continue Reading
Ford Motor Company is teaming up with Solid Power ( earlier post ) to develop all solid-state batteries (ASSB) for next-generation electric vehicles. The announced partnership will focus on further Continue Reading
Growing production of Texas super-light oil – and worries about its quality compared with other types of crude – is slowing down deliveries into the main U.S. storage hub in Continue Reading
When a deadly rainstorm unloaded on Houston in 2016, Sharobin White’s apartment complex flooded in up to six feet of water. She sent her toddler and 6-year-old to safety on Continue Reading
The idea of opening up the waters off the coast of Florida to oil and gas drilling has been among the least popular ones of the Trump administration and yet Continue Reading
The oil industry hates electric cars for good reasons. Intelligent executives in the industry (of which there seem few) see electric vehicles (EVs) as a death threat to their business. Continue Reading
Highlights Notley says Trans Mountain approval is imminent Kenney would scrap deal to lease 4,400 rail cars Platts Analytics sees crude-by-rail volumes falling Washington — Alberta’s oil production cuts and Continue Reading
