A fracking binge in the American shale industry has permanently damaged the country’s oil and gas reserves, threatening hopes for a production recovery and US energy independence, according to one Continue Reading
The U.S. oil industry faces a bumpy road to recovery from the steepest slump in oil demand in history. Oil demand in the United States and elsewhere is still trailing Continue Reading
The U.S. Bureau of Safety and Environmental Enforcement (BSEE) said 91% of offshore crude oil production remains shut in the U.S.-regulated northern Gulf of Mexico following Hurricane Delta, which made Continue Reading
U.S. energy companies were returning workers and restarting operations at storm-swept production facilities along the U.S. Gulf Coast on Sunday, two days after Hurricane Delta barreled through the area. Chevron Continue Reading
Last month, the world’s 4 th largest oil company—BP— predicted that the world will never again consume as much petroleum as it did last year. So, have we finally hit Continue Reading
Baker Hughes reported on Friday that the number of oil rigs in the United States rose by 4 to 193—a gain that may push prices down further. The total number Continue Reading
1. DVN and EOG exposed to federal lands drilling ban – With Joe Biden leading in the polls, the odds of access to federal lands for U.S oil and gas Continue Reading
For years, Mary Drangstveit could feel the shale boom reverberating in her kitchen. This spring, oil prices crashed and the rattling ceased. t brought relief for her and distress for some Continue Reading
A Guest Post by George Kaplan Overall Annual Production Production is dominated by major international companies particularly, and maybe surprisingly, European ones. Principally Shell and BP, but with Equinor, Eni, Continue Reading
Summary of Weekly Petroleum Data for the week ending October 2, 2020 U.S. crude oil refinery inputs averaged 13.9 million barrels per day during the week ending October 2, 2020 Continue Reading
