Weekly Petroleum Status Report
Summary of Weekly Petroleum Data for the week ending March 29, 2019 U.S. crude oil refinery inputs averaged 15.8 million barrels per day during the week ending March 29, 2019, Continue Reading
Value of U.S. oil deals plunges 93 percent in first quarter as investors demand higher returns
HOUSTON (Reuters) – The value of U.S. oil and gas mergers and acquisitions fell to a 10-year low in the first quarter, according to data released on Thursday, as investors Continue Reading
US coal production posts year-on-year drop for fifth straight week: EIA
US weekly coal production was estimated to be 10.5 million st for the week ended March 30, down 6.6% from the previous week and down 26.3% from the year-ago week, Continue Reading
Key Buyers Push US Oil Exports to Record Highs
Total weekly U.S. crude and product exports should be consistently outpacing imports starting in 2020. Constantly evolving hydraulic fracturing and horizontal drilling technologies have opened up more U.S. petroleum resources Continue Reading
US M&A Deal Value Hits 10-Year Low in 1Q 2019
The value of U.S. mergers and acquisitions deals plunged to a 10-year low in the first quarter of 2019, Drillinginfo reveals. The value of U.S. mergers and acquisitions (M&A) deals Continue Reading
Jones Energy Files for Chapter 11 Bankruptcy
Austin, TX-based independent energy company has entered a restructuring agreement with plans to officially file for bankruptcy later this month. U.S. independent Jones Energy, Inc. entered into a restructuring support Continue Reading
Renewables ‘Have Won the Race’ against Coal and Are Starting to Beat Natural Gas
The rapidly dropping cost of renewable energy has upended energy economics in recent years, with new solar and wind plants now significantly cheaper than coal power. But new research shows Continue Reading
U.S. test nuclear reactor may run 40 percent over cost: government document
The flagship of the Trump administration’s advanced nuclear power research program could cost about 40 percent more than a government official estimated earlier this year, a U.S. Department of Energy Continue Reading
The World’s Cheapest Natural Gas
Natural gas prices fell into record negative territory in the Permian basin, dragged down by booming oil production and a limited ability to move gas out of the region. Unlike Continue Reading
Russia Seeks New Arctic Oil Frontier
Rosneft, Russia’s state-controlled oil company and the largest oil producer in the country, plans to develop an Arctic cluster of oil fields over the next five years. These plans by Continue Reading