US crude stocks moved lower last week as Hurricane Delta shut in Gulf of Mexico output and exports hit a 14-month low, US Energy Information Administration data showed Oct. 15. Continue Reading
The Trump administration on Thursday said it would offer all available areas in the Gulf of Mexico for auction to oil and gas drillers on Nov. 18, the first major Continue Reading
Democrat members of the House Natural Resources Committee are pushing for a permanent ban on all offshore oil and gas leasing in Atlantic and Pacific federal waters as well as Continue Reading
The US shale sector could be on a path to recovery after a destructive boom-bust period, with plentiful opportunities still available, but a more disciplined approach is needed, executives from Continue Reading
Low oil prices, lower credit availability, and piling debt loads forced a few dozen oil and gas firms in North America to file for bankruptcy protection in the third quarter. Continue Reading
The report paints a picture of contracting supply, forecasting a four-million-barrel-a-day drop in inventories in the fourth quarter of this year from the third. But that change in inventories is Continue Reading
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Chevron CEO Mike Wirth on Oct. 13 defended the company’s commitment to shale and said its upstream portfolio would remain weighted toward tight oil and gas, with fewer large, non-shale Continue Reading
As the oil price dropped through the first and second quarters of this year, oil companies closed in wells and laid off drilling and fracking crews. Activity bottomed in late Continue Reading
Oil production from the seven largest shale formations in the United States is set to decline 121,000 barrels next month, the Energy Information Administration (EIA) said on Tuesday in its Continue Reading
