Oil Prices Bristle As U.S. Rig Count Climbs
Baker Hughes reported a 10-rig increase to the number of oil and gas rigs this week. The total number of oil and gas rigs now stands at 1003, which is Continue Reading
Texas drilling permits fell in March, completions rise: regulator
Texas’s energy regulator issued fewer new drilling permits in March than a year ago, but well completions rose, according to data released on Friday by the state. A total of Continue Reading
Permian Oil Boom Threatens To Overtax Electrical Grid
The shale boom in the Permian where companies are intensively drilling while keeping costs low has led to an unprecedented electricity demand in West Texas, straining the grid as local Continue Reading
US Jobs Report: Oil, Gas Adds Thousands of Jobs in March
The oil and gas industry continues to add jobs as industry optimism increases. Coming off the heels of a strong start for the oil and gas industry in 2018, industry Continue Reading
Nigeria: ‘Why Senate Panel Didn’t Indict Allison – Madueke Over Alleged Missing $49.8b NNPC Revenue’
Former chairman of the Senate Committee on Finance, Ahmed Markarfi yesterday gave reasons his panel did not indict former Petroleum Minister, Mrs. Diezani Allison- Maduake over alleged non-remittance of $49.8 Continue Reading
The Problem with EIA Shale Gas and Tight Oil Forecasts
Each year the U.S. Energy Information Administration (EIA) produces forecasts of U.S. oil and gas production in its Annual Energy Outlook (AEO), which is widely viewed as an authoritative assessment Continue Reading
UK Oil Wealth Fund Would Have Been Worth $703 Billion Today
If the UK had established in the 1980s a wealth fund in which to invest North Sea oil revenues—similar to what Norway actually did in the 1990s—a UK fund would Continue Reading
China hits U.S. goods with tariffs as ‘sparks’ of trade war fly
China has increased tariffs by up to 25 percent on 128 U.S. products, from frozen pork and wine to certain fruits and nuts, escalating a dispute between the world’s biggest Continue Reading
China’s Sinopec to more than double LNG capacity, boost shale gas output
BEIJING (Reuters) – China’s Sinopec group, parent of Sinopec Corp, aims to more than double its receiving capacity of liquefied natural gas over the next six years and lift domestic Continue Reading
Wary shale investors warn against drilling at all costs
“Each man kills the thing he loves,” wrote Oscar Wilde. US oil executives know exactly what he meant. In 2014, the US shale industry helped tip itself into a downturn Continue Reading