U.S. And Canadian Oil Rig Counts Continue To Rebound
Baker Hughes reported on Friday that the number of oil rigs in the United States rose by 6 to 211. The total number of active oil and gas rigs increased Continue Reading
North America Oil Bankruptcy Debt Hits All Time High
The associated debt from North American oil and gas bankruptcies in 2020 has already reached an all-time high, according to Rystad Energy. The associated debt from North American oil and Continue Reading
Technology Will Become More Important Than Oil For Energy Markets
The phrase “peak oil” has been getting a lot of airtime in the media lately. One headline scoffs at the idea of peak oil in the near future, while another Continue Reading
Here’s Why Biden Couldn’t Ban Fracking, But Could Restrict It
Fracking has emerged as a hot button issue of the 2020 election, with President Donald Trump claiming his political rival will cripple the economy in politically important states such as Continue Reading
US oil and gas rig count climbs 11 to 347 as crude prices stabilize: Enverus
The US oil and gas rig count rose by 11 to 347 in the week ended Oct. 21, rig data provider Enverus said, marking a second straight week of double-digit Continue Reading
Another Permian Giant May Be Forced To Consolidate Or Die
One by one they are starting to fall. The long predicted consolidation wave in U.S. shale players, particularly those with assets in the Permian stacked play, is in high gear. Continue Reading
Baker Institute team says fossil fuel subsidies need global reform
Fossil fuels still receive most of the international government support provided to the energy sector despite their “well-known environmental and public health damage,” according to new research from Rice University’s Continue Reading
Summary of Weekly Petroleum Data for the week ending October 16, 2020
Summary of Weekly Petroleum Data for the week ending October 16, 2020 U.S. crude oil refinery inputs averaged 13.0 million barrels per day during the week ending October 16, 2020 Continue Reading
Global Oil Production Costs Continue To Fall
A comprehensive Rystad Energy analysis of oil production costs has revealed that the average breakeven price for all unsanctioned projects has dropped to around $50 per barrel, down around 10% Continue Reading
The Battle For More Efficient Energy
There is a war going on. And no, it’s not the one you think. This is a war against energy efficiency. The attack is on two fronts: a battle against Continue Reading