Bakken Shale powerhouse Continental Resources has shut in 70% of its May oil production, roughly 136,500 b/d, owing to low crude prices caused by the global coronavirus pandemic, the company Continue Reading
Two men ride bicycles on the riverbed of the Little Missouri River in western North Dakota in June 2017. (Carey J. Williams/AP) published last month in the journal Science found Continue Reading
The question regarding whether we have reached peak oil demand is a pressing concern for U.S. upstream activity. U.S. tight oil’s current cost structure, which generally requires ~$50/barrel WTI to Continue Reading
Russia’s national death toll from coronavirus could be 70 percent higher than the government’s official data show, as the Kremlin struggles to curb the spread of Covid-19 despite a seven-week Continue Reading
Russian President Vladimir Putin on Monday announced a gradual easing of coronavirus lockdown measures despite a new surge in infections which took Russia’s tally past Italy’s, making it the fourth-highest Continue Reading
Ever since the coronavirus took hold globally, researchers have been puzzled by Russia’s mortality rate of only about 13 deaths per million, far below the world average of 36 in Continue Reading
Last week Royal Dutch Shell did something that would have been nearly unthinkable at the beginning of this year. The company cut its dividend for the first time in 75 Continue Reading
Highlights Akademik Cherskiy expected to complete gas link Vessel never entered Russian port of Kaliningrad EU law waiver case not applicable to construction London — A Russian pipelaying vessel expected Continue Reading
UK electricity demand fell to 15.347 GW early Sunday morning, 12.3% below last year’s minimum demand and close to a record low, initial out-turn figures from National Grid showed Monday. Continue Reading
Sales of new cars in Russia plummeted by 72.4% in April from a year earlier after a 4% rise in the previous month, the Association of European Businesses (AEB) said Continue Reading
