US oil, gas rig count up 15 on week, biggest gain since downturn: Enverus
The US oil and gas rig count rose by 15 to 308 in the week ending Sept. 23, rig data provider Enverus said, marking the largest weekly gain in more Continue Reading
How The Oil Crash Solved The Permian Pipeline Problem
While Permian oil and gas production was soaring in 2018, U.S. midstream operators were planning and building pipeline takeaway capacity, expecting that the largest U.S. shale play would increase output Continue Reading
So, We’re Back To “Peak Oil” Again
During a panel discussion in which I participated recently with three energy experts, the moderator asked us if we agreed with the recent projection by British oil giant BP that Continue Reading
EIA Sees Global Oil Market Balancing By End-2021
The OPEC+ production cuts and curtailments in the United States are set to help global inventories to continue drawing down for the rest of the year and most of next Continue Reading
Gulf of Mexico oil and gas operations returning to normal after Tropical Storm Beta
Oil and gas operations in the US Gulf of Mexico are returning to normal following the passing of Tropical Storm Beta and Hurricane Sally. Receive daily email alerts, subscriber notes Continue Reading
Dallas Fed survey finds two-thirds of upstream execs think US oil output has peaked
Two-thirds of US oil and natural gas executives surveyed by the Federal Reserve Bank of Dallas in September believe US oil production has peaked. Receive daily email alerts, subscriber notes Continue Reading
US shale production can reach new highs beyond 13 million b/d, but needs $60/b: Rystad
US shale oil production can reach new highs beyond the 13 million b/d mark achieved in late 2019, although it will take oil prices of around $60/b for that to Continue Reading
U.S. drilling total for 2020 will be lowest in more than 80 years
At World Oil, we have finished compiling the 2020 mid-year forecast update for drilling and production. On the drilling side, we now can tell you, our readers, that if this Continue Reading
US Gulf of Mexico oil and gas output returning ahead of Tropical Storm Beta’s landfall
Offshore US Gulf of Mexico oil and gas production continued to recover Sept. 21 as Tropical Storm Beta was preparing to make landfall along the Texas coast, US Bureau of Continue Reading
High Diesel Inventories Weigh On Oil Markets
While most of the market’s attention has been focused on how fast gasoline demand will recover, lower economic and manufacturing activity in all regions of the world has led to Continue Reading