August Non-OPEC Production Rises
Below are a number of oil (C + C ) production charts for Non-OPEC countries created from data provided by the EIAʼs International Energy Statistics and updated to August 2020. Continue Reading
Will Offshore Decom Recover in 2021?
Aquaterra Energy anticipates more offshore decom activity next year – and beyond. Following the general pace of much oil and gas industry activity this year, the offshore decommissioning sector has Continue Reading
US crude stocks race higher as exports test multiyear lows, imports surge
US crude oil stocks moved sharply higher in the week ended Dec. 4 as exports tested multiyear lows and imports surged to levels last seen in July, US Energy Information Continue Reading
Short-Term Energy Outlook
Forecast Highlights Global liquid fuels The December Short-Term Energy Outlook (STEO) remains subject to heightened levels of uncertainty because responses to COVID-19 continue to evolve. Reduced economic activity related to the COVID-19 Continue Reading
Waha-to-Henry Hub spread narrows as West Texas, US markets face divergent fortunes
The cash-market spread from Waha to the benchmark Henry Hub is at its narrowest this month since May as the two locations face opposing market forces that could endure into Continue Reading
How Accurate Are Shale Drilling Profitability Claims?
Rigzone panelists offer their views on what to watch in the oil and gas markets this week. (The views and opinions expressed in this article are those of the attributed Continue Reading
Shale Executives See Little Chance Of Significant Growth
Crude oil production in the United States has been on the rise , topping 10.86 million bpd in September—the highest since May. Still, it’s a lot lower than it was Continue Reading
Oil Rig Count Rises To Highest Level Since Mid-May
Baker Hughes reported on Friday that the number of oil rigs in the United States rose by 5 to 246—the highest number of rigs since mid-May. The total number of Continue Reading
Peak Oil Is Suddenly Upon Us
A year ago, if anyone in the petroleum business had suggested that the moment of Peak Oil had already passed, they would have been laughed right off the drilling rig. Then Continue Reading
Chevron Slashes Spending Plans as Coronavirus Hammers Oil Demand
An abundance of fossil fuels combined with advances in technology to harness wind and solar power has sent energy prices crashing around the world. WSJ explains how it all happened Continue Reading