Royal Dutch Shell (RDSa.L) said on Monday it would sell its Permian Basin assets to ConocoPhillips (COP.N) for $9.5 billion in cash, an exit from the largest U.S. oilfield for Continue Reading
Royal Dutch Shell has agreed to sell its business in the Permian Basin, the biggest oilfield in the US, to rival ConocoPhillips for $9-5bn in cash. The Anglo-Dutch oil supermajor Continue Reading
Add one of the most respected figures in the oil and gas industry to those predicting that demand for petroleum products is nearing its peak. IHS Markit, of which Pulitzer Continue Reading
Scott Sheffield, CEO of Pioneer Resources, speaks during the IHS CERAWeek 2015 energy conference in Houston, Texas April 21, 2015. REUTERS/Daniel Kramer Sept 17 (Reuters) – Top U.S. shale oil Continue Reading
The number of oil and gas rigs in the United States rose by 9 this week, according to Baker Hughes —after gaining 6 last week. The total rig count is Continue Reading
U.S. inventories of crude oil and the most used refined oil products have now fallen to below the 2018 levels, energy research service HFI Research has pointed out . U.S. Continue Reading
Several progressive House Democrats introduced this week a bill seeking to mandate the Fed to ban banks from funding all fossil fuel projects after 2030, and require the systemically important Continue Reading
Highlights Shell restored production to Perdido platform Chevron restarting Petronius platform About 95% of power restored in Louisiana after Ida Less than a quarter of crude production remains offline in Continue Reading
U.S. Gulf Coast crude oil exports are flowing again after recent hurricanes took out 26 million barrels of offshore production, according to sources and Refinitiv Eikon data, with local prices Continue Reading
Highlights Oil rigs up one at 499 Gas rigs climb five to 136 Tellurian plans new Haynesville wells The US oil and gas rig count climbed six to 635 in Continue Reading
Crude oil production in the United States had fallen sharply over the last two weeks in the wake of Hurricane Ida, but production for the next reporting period is on Continue Reading
Energy companies on Wednesday kept 30% of U.S. Gulf of Mexico crude oil production shut, or 537,193 barrels, according to regulator Bureau of Safety and Environmental Enforcement (BSEE), more than Continue Reading
It would have been unthinkable a few months ago: ramping up production was the last thing U.S. shale drillers would do amid a hesitant price recovery and heavy uncertainty around Continue Reading
Global crude inventories that ballooned during the pandemic have shrunk to the lowest level in 20 months as an economic rebound in top consumers China and the U.S. drive a Continue Reading
The slow-but-steady restoration of oil production in the Gulf of Mexico is continuing, with about 60% of output now back online. The latest data from the Bureau of Safety and Continue Reading
Hurricane Ida, which stormed through Louisiana at the end of August, has led to oil supply losses of 30 million barrels so far, driving the first decline in global oil Continue Reading
The world will have to wait until October for additional oil supplies as output losses from Hurricane Ida wipe out increases from OPEC+, the International Energy Agency said. Consumers should Continue Reading
A military coup in West Africa has underscored the potential benefits of stockpiling critical and strategic metals essential for the energy transition . The detention of Guinea’s president, Alpha Condé, Continue Reading
Over 40% of the U.S. Gulf of Mexico’s production of crude and natural gas remained shut on Monday two weeks after Hurricane Ida wreaked havoc in Louisiana, the regulator Bureau Continue Reading
U.S. energy producers have cut so deeply into a once-large reserve of oil wells waiting to be turned on they soon may have to resume drilling to keep production from Continue Reading
Hurricane Ida has left a lasting wake of destruction and chaos along the Gulf Coast. The hurricane, which was a category 4 storm when it initially made landfall in Louisiana Continue Reading
As the latest strong storm that passed through the U.S. Gulf of Mexico showed, hurricanes are testing the resilience of offshore oil and gas facilities and pipelines. Hurricane Ida made Continue Reading
U.S. offshore oil companies restored almost 200,000 barrels of production on Friday, while most of the Gulf Coast crude output remained offline following Hurricane Ida, government data showed. The storm Continue Reading
The number of oil and gas rigs in the United States rose by 6 this week, according to Baker Hughes —after falling by 11 last week. The total rig count Continue Reading
About 185,000 b/d of US Gulf oil production returned Sept. 10 from a day prior as the recovery from Hurricane Ida began to pick up some momentum, even though nearly Continue Reading
Noble Corp. said repairing a deepwater oil rig damaged by Hurricane Ida may take the rest of this year and wipe out 16% of expected profit. Noble’s Globetrotter II rig Continue Reading
HOUSTON, Sept 10 (Reuters) – Most of the nine Louisiana refineries shut by Hurricane Ida have restarted or were restarting on Friday, nearly two weeks after the powerful storm came Continue Reading
In search of higher prices, shale oil producers have reined in upstream capex over the last couple of years. Before 2019 they were focused on ever-increasing incremental production growth, and Continue Reading
U.S. oil offshore losses remained at 76% on Thursday after Hurricane Ida hit the Gulf of Mexico, according to government data, which prolonged outages and caused the first oil cargo Continue Reading
Offshore energy firms are likely to face greater financial losses from Hurricane Ida than from previous storms in the Gulf of Mexico, because of reduced coverage offered by insurers, risk Continue Reading
Highlights Eagle Ford Shale gains 5 rigs to 48 SCOOP-STACK sees most rigs since April 2020 Permian loses 2 rigs; 4 major plays unchanged The US oil and gas rig Continue Reading
Some of the world’s biggest economies are seeing oil consumption turn the corner and even surpass pre-pandemic levels as falling Covid-19 infection rates drive a recovery in activity. Oil demand Continue Reading
A guest post by Ovi Below are a number of oil (C + C ) production charts for Non-OPEC countries created from data provided by the EIAʼs International Energy Statistics Continue Reading
More than three-quarters of the U.S. Gulf of Mexico’s offshore oil and natural gas output remained shut on Wednesday as the fallout from Hurricane Ida continued to hamper production. Some Continue Reading
An oil spill unleashed by Hurricane Ida is highlighting longstanding concerns about the more than 18,000 miles of decommissioned pipelines that still snake through the Gulf of Mexico, even though Continue Reading
Nearly four-fifths of U.S. oil and gas production in the Gulf of Mexico remains offline, more than 10 days after Hurricane Ida tore through Louisiana, as companies struggle to restart Continue Reading
Forecast Highlights Global liquid fuels The September Short-Term Energy Outlook (STEO) remains subject to heightened levels of uncertainty related to the ongoing recovery from the COVID-19 pandemic. U.S. economic activity continues to Continue Reading
Since 2010, North Dakota’s oil industry has boomed, putting McKenzie on the map as the fastest-growing county in the U.S. Following a year and a half of pandemic, the state’s Continue Reading
Hurricane Ida’s disruption to the U.S. offshore energy production in the Gulf of Mexico is the worst in 16 years. It has already stressed domestic and global supply chains, further Continue Reading
The Energy Information Administration has estimated that U.S. crude oil production isn’t going to see much of a rebound for the rest of the year, according to the latest Short Continue Reading
The latest Texas Petro Index points to lower upstream oil and gas industry employment than other sources have published, the Texas Alliance of Energy Producers has revealed. The latest Texas Continue Reading
Oil rigs are seen in the Gulf of Mexico after Hurricane Ida made landfall in Louisiana, in Grand Isle, Louisiana, U.S. August 31, 2021. REUTERS/Marco Bello/File Photo NEW YORK, Sept Continue Reading
Divers searching for the origin of a substantial oil spill in the Gulf of Mexico — one of several spotted off Louisiana’s coast after Hurricane Ida — have discovered three Continue Reading
More than a week after Hurricane Ida made landfall in Louisiana, nearly 90 percent, or some 1,6 million bpd of U.S. Gulf oil production remains shut-in, more than 80 percent Continue Reading
Hurricane Ida has led to the largest-ever initial loss of crude oil production in the U.S. Gulf of Mexico from a hurricane in the ten days since the first platforms Continue Reading
Shell redeploying workers evacuated due to Hurricane Ida to the Enchilada/Salsa asset but around 80 percent of its production in the Gulf of Mexico is still offline. Supermajor Shell has Continue Reading
Damages to oil production facilities in the U.S. Gulf of Mexico on Sunday kept output largely halted a week after Hurricane Ida made landfall, according to offshore regulator the Bureau Continue Reading
Highlights 88% of oil, 83% of gas still offline: BSEE Port Fourchon tenants given access to facilities Marathon, ExxonMobil restarting plants A week after Hurricane Ida made landfall, 1.607 million Continue Reading
U.S. offshore oil producer Talos Energy said on Sunday that the rate of oil flowing from a spill of unknown origin in the U.S. Gulf of Mexico following Hurricane Ida Continue Reading
Americans are paying the most expensive Labor Day weekend gasoline prices since 2014 amid constrained stock levels and high benchmark crude oil prices. The end of the U.S. driving season Continue Reading
