US Oil Rig Count Inches Higher As Production Hits 13 Million Bpd
After a brutal week for oil prices courtesy of an outbreak of a deadly virus in China, Baker Hughes reported that the number of oil and gas rigs in the Continue Reading
Why Angry Alberta Landowners Want To Cut Off Power To Oil Drilling Sites
An Alberta association of landowners who have oil and gas sites on their properties has called on its members to cut off power to drilling sites of companies that have Continue Reading
Analysis: New Mexico’s portion of the Permian shows staying power
Producers in the New Mexico portion of the Permian Basin have shown resiliency amid depressed commodity prices and falling rig counts. Production out of the Permian’s Delaware sub-basin in New Continue Reading
US coal sector struggling to find a place in an ESG world
In a finance world increasingly committing to investing with environmental, social and governance factors as a priority, the coal sector is finding it difficult to find its place. Over the Continue Reading
‘Rule of capture’ applies to fracked wells: Pennsylvania Supreme Court
The Supreme Court of Pennsylvania said oil and natural gas coming from shale wells drilled and hydraulically fractured are protected by the common “rule of capture,” but left open the Continue Reading
Refinery news roundup: Unplanned outages at key US Midwest refineries support stronger gasoline, diesel prices
Unplanned outages at several large Midwest refineries are supporting higher diesel and gasoline prices, market sources said. Group 3 suboctane gasoline was assessed at prompt NYMEX RBOB minus 1.15 cent/gal Continue Reading
Latest US sanctions unlikely to end Iran-China crude flows: analysts
New US sanctions aimed at shutting down illicit petroleum and petrochemical trade between Iran and China will not substantially impact China’s status as the top importer of Iranian crude, with Continue Reading
Oil Industry Climate Suits Have Poor Track Record
Exxon Mobil dodged a bullet last month when a judge rejected a novel climate-change lawsuit brought by New York’s attorney general. The case began with a promise from state officials Continue Reading
Increased New Well Productivity Helped US Shale Growth In 2019
Rising productivity from new wells has driven U.S. shale production higher in recent years and higher in 2019, too, the Energy Information Administration (EIA) said on Friday. Last year, shale Continue Reading
Ukraine sees role in EU gas market for its surplus storage capacity: Naftogaz
The surplus gas storage capacity in Ukraine could be used in the future by players in central and eastern Europe to help with the region’s gas supply security, while at Continue Reading