US GoM 2019 Summary: Part I – Exploration, Drilling and Discoveries
Introduction In many ways the US side of the Gulf of Mexico shows signs of a production basin at the end of life. Most of the sort historic of charts Continue Reading
The Texas Shale Patch Is Considering The Unthinkable
Following the 2014 Thanksgiving massacre, Saudi Arabia effectively broke up OPEC to try to kill the US shale sector by overproducing oil and sending prices plunging. It failed largely thanks Continue Reading
Offshore workers’ jobs at risk in ‘double-edged’ crisis, union warns
Oil rigs in the Cromarty Firth Oil price wars and the public health pandemic could drive the North Sea oil and gas industry over the edge, putting tens of thousands Continue Reading
Italy passes China’s coronavirus death toll, prepares to extend lockdown
Italy’s death toll from coronavirus overtook that of China, where the virus first emerged, on Thursday as hospitals said they were being overwhelmed and the government prepared to prolong emergency Continue Reading
Will Putin Risky Oil Gamble Pay Off?
Every gambler knows That the secret to survivin’ Is knowing what to throw away And knowing what to keep ‘Cause every hand’s a winner And every hand’s a loser And Continue Reading
Putin Won’t Submit to What Is Seen as Saudi Oil-Price Blackmail
Russian President Vladimir Putin will refuse to submit to what the Kremlin sees as oil blackmail from Saudi Arabia, signaling the price war that’s roiling global energy markets will continue. The Continue Reading
Power Demand Slows in Europe Along With Coronavirus Lockdowns
Electricity demand is starting to drop across Europe as factories and businesses send staff home to avoid the coronavirus. Grid operators and utilities say demand is dropping both because of social Continue Reading
Total acquires Global Wind Power France
“Total has bought Global Wind Power France, a company with a 1 GW portfolio of onshore wind projects, the French oil and gas company said Friday. This is Total’s second Continue Reading
Oil Rollercoaster Has Crude Rebounding After Drop to 18-Year Low
Oil rebounded after plunging to the lowest level in 18 years as investors weigh efforts by policy makers across the globe to strengthen economies against the impact of the coronavirus Continue Reading
Oil’s 24% Plunge in a Day Signals No End in Sight for Meltdown
Oil is ensnared in such a crisis that Wednesday’s 24% plunge in New York wasn’t even its worst day this month. Futures are now at the lowest level in almost two Continue Reading