U.S. Oil Rigs See Sharpest One-Week Decline In Over A Year
The number of oil and gas rigs in the United States fell by 11 this week, according to Baker Hughes —after rising by 5 last week. The total rig count Continue Reading
Gulf Of Mexico Shut-In Production Rises To 1.7 Million Bpd
The amount of shut-in oil production in the Gulf of Mexico rose by 240,000 bpd between Wednesday and Thursday, to over 1.7 million bpd, the Bureau of Safety and Environmental Continue Reading
Chevron returns essential crews to all six of its US Gulf of Mexico platforms, no significant damage seen: company
Chevron has redeployed essential crews to its six operated US Gulf of Mexico platforms that were evacuated last week when Hurricane Ida raced toward the Louisiana coast, the company said Continue Reading
Noble Declares Force Majeure On Drillship Damaged By Hurricane Ida
Noble Corporation gives force majeure notice to the customer of the Noble Globetrotter II ultra-deepwater drillship due to sustained damages during Hurricane Ida. Offshore rig owner Noble Corporation has given Continue Reading
Uneven recovery for U.S. offshore energy production after Ida
U.S. Gulf Coast energy companies on Friday advanced the recovery from Hurricane Ida on a few fronts but slipped elsewhere as lack of crews, power and fuel reversed earlier production Continue Reading
U.S. energy firms strain to shake off hurricane’s toll
U.S. oil and gas companies strained to get offshore operations back up and running on Thursday as the extent of Hurricane Ida’s damages became more apparent. Ida’s 150-mile-per-hour (240 kph) Continue Reading
U.S. loans Exxon refinery oil from emergency reserve in Ida’s wake
WASHINGTON, Sept 2 (Reuters) – U.S. Energy Secretary Jennifer Granholm on Thursday authorized the country’s emergency oil reserve to loan 1.5 million barrels of crude to an Exxon Mobil (XOM.N) Continue Reading
Amount of oil shut-in in the U.S. Gulf rises to 1.7 mln barrels after Ida -regulator
The volume of oil shut in by Hurricane Ida in the Gulf of Mexico rose on Thursday to 1.7 million barrels per day of offshore oil output, up 240,000 barrels Continue Reading
Louisiana Refineries Could Take Weeks To Restart After Hurricane Ida
The refineries in Louisiana that were shut ahead of or during the passing of Hurricane Ida this weekend could take weeks to restart as power and water services have yet Continue Reading
BP says ‘no obvious major’ damage seen at US Gulf of Mexico platforms
Highlights Production to stay shut-in pending confirmation Shore base, heliport temporarily relocated BP said Sept. 2 that flyovers across the US Gulf of Mexico have indicated “no obvious major damage” Continue Reading
Uneven recovery for U.S. offshore energy production after Ida
U.S. Gulf Coast energy companies on Friday advanced the recovery from Hurricane Ida on a few fronts, but slipped elsewhere as lack of crews, power and fuel reversed earlier production Continue Reading
Baton Rouge, New Orleans ports reopen after Ida, key oil hubs remain shut
Most ports along the U.S. Gulf Coast had reopened on Thursday following lengthy closures from Hurricane Ida, which lashed southern Louisiana with 150-mile-per-hour winds that caused extensive infrastructure damage and Continue Reading
U.S. crude stocks down, product demand hits all-time record
U.S. crude stocks dropped sharply while petroleum products supplied by refiners hit an all-time record despite the rise in coronavirus cases nationwide, the Energy Information Administration said on Wednesday. Crude Continue Reading
Port Fourchon Sees Weeks for Ida Recovery
Port Fourchon, America’s biggest base supporting the U.S. Gulf of Mexico offshore oil industry, appears to have largely withstood a powerful punch left by Hurricane Ida after the Category 4 Continue Reading
U.S. energy firms strain to shake off hurricane’s toll
U.S. oil and gas companies strained to get offshore operations back up and running on Thursday as the extent of Hurricane Ida’s damages became more apparent. Ida’s 150-mile-per-hour (240 kph) Continue Reading
U.S. Shale Ramps Up Drilling But Maintains Spending Restraint
U.S. oil production has ticked up in recent weeks as shale producers drill more wells after going through a massive backlog of drilled but uncompleted wells (DUC). After DUC inventory Continue Reading
The U.S. Oil Industry Is Facing A Talent Crunch
As oil prices rise and demand recovers, the U.S. oil industry is raising drilling and completion activity and has started to re-hire workers it had dismissed at the peak of Continue Reading
3 Distinct Futures For The Oil Industry
As the global economy emerges from the pandemic and commodity prices continue on a recovery path, it’s becoming increasingly evident that the oil and gas industry is standing on the Continue Reading
Biden administration takes step to resume drilling auctions in setback to climate agenda
The Biden administration on Tuesday unveiled more than 16,500 acres (6,700 hectares) it plans to auction to oil and gas drillers early next year as it seeks to comply with Continue Reading
API Reports Larger-Than-Expected Crude Draw Ahead Of Key OPEC Meeting
The American Petroleum Institute (API) on Tuesday reported a large draw in crude oil inventories of 4.045 million barrels for the week ending August 27, bringing the total 2021 crude Continue Reading
Port Fourchon Sees Weeks for Ida Recovery
Port Fourchon, America’s biggest base supporting the U.S. Gulf of Mexico offshore oil industry, appears to have largely withstood a powerful punch left by Hurricane Ida after the Category 4 Continue Reading
Ida’s fury hits US oil production, gasoline supplies
U.S. Gulf Coast energy companies began damage reviews at offshore production facilities and started evaluating onshore power losses after Hurricane Ida caused devastation in Louisiana and rampaged through offshore oil Continue Reading
Already tight U.S. East Coast gasoline supplies face hurricane squeeze
Tight supplies of gasoline on the U.S. East Coast are being pressured by refinery outages from Hurricane Ida and the shutdown of a major pipeline that supplies fuel to the Continue Reading
U.S. producers cut 95% of Gulf of Mexico oil output due to Ida
Oil production in the U.S. Gulf of Mexico on Monday remained largely halted in the aftermath of Hurricane Ida, with 1.72 million barrels of output suspended, according to offshore regulator Continue Reading
Emerging Economies Deserve A Chance At Oil Riches, Too
Emerging economies must continue to rely on fossil fuels while demand is high, largely ignoring the developed world’s green transition and taking this opportunity to develop their economies and boost Continue Reading
Ida Shuts in Majority of Gulf of Mexico Production
The Bureau of Safety and Environmental Enforcement estimates that approximately 95.65 percent of the current oil production in the Gulf of Mexico has been shut in as a result of Continue Reading
Oil firms cut 96% of U.S. Gulf of Mexico crude output as Hurricane Ida slams coast
Energy firms on Sunday had suspended 1.74 million barrels per day of oil production in the U.S. Gulf of Mexico, according to the Bureau of Safety and Environmental Enforcement (BSEE), Continue Reading
U.S. oil and gas rig count rises for 13th month in a row -Baker Hughes
U.S. energy firms this week added oil and natural gas rigs for a fourth week, resulting in the 13th monthly increase in a row, even as a major storm approaches Continue Reading
Oil firms cut U.S. Gulf of Mexico output by 59% ahead of Ida
Oil producers on Friday have shut-in 59% of Gulf of Mexico crude production as the ninth-named storm of the season barreled towards the key U.S. offshore oilfields, according to the Continue Reading
‘Extremely dangerous’ Hurricane Ida knocks out more oil than Katrina
U.S. oil and gas companies on Friday cut more than 1.6 million barrels of oil production as a major storm churned toward oilfields that provide 17% of the nation’s oil Continue Reading
The Future Of Oil Is Offshore
Brazil and its tiny neighbors Guyana and Suriname have recently risen to prominence with major oil discoveries despite what most would see as an unfavorable environment—the energy transition seems to Continue Reading
US oil, gas rig count falls 3 to 621; Permian only major basin with gains: Enverus
The US oil and gas rig count fell three to 621 on the week, energy analytics and software company Enverus said Aug. 26, with the Permian up four as the Continue Reading
U.S. crude inventories fall as demand hits highest since March 2020 – EIA
Crude inventories last week dropped for a third straight week while fuel demand rose to its highest since March 2020, the Energy Information Administration said on Wednesday. Crude inventories (USOILC=ECI) Continue Reading
Oil Rose On Bullish Crude and Gasoline Inventory Reports
Oil settled higher on Wednesday after the EIA reported U.S. crude inventories fell to the lowest since January, 2020, and domestic gasoline inventories fell more than expected. Oil rose for Continue Reading
U.S. to restart oil leasing with offshore auction this year
The Biden administration said on Tuesday it would take steps to restart the federal oil and gas leasing program in the next week and plans to hold a Gulf of Continue Reading
Disappointing Crude Draw Threatens Shaky Oil Rally
The American Petroleum Institute (API) on Tuesday reported a draw in crude oil inventories of 1.622 million barrels for the week ending August 20, bringing the total 2021 crude draw Continue Reading
Oil Sector Imposing Vaccine, Mask Mandates at Rigs, Refineries
Pioneer Natural Resources Co. , the largest oil producer in the Permian Basin, is requiring new hires to be vaccinated against Covid-19 as inoculation and mask mandates proliferate across the Continue Reading
Merger Mania Is Over: Oil Deals To See Quietest Year In Decades
ir Winston Churchill once admonished leaders to never let a good crisis go to waste, and Big Oil has rarely failed to heed the advice. Under normal circumstances, energy downturns Continue Reading
April Non-OPEC Oil Output Declines
A post by Ovi at peakoilbarrel. Below are a number of oil (C + C ) production charts for Non-OPEC countries created from data provided by the EIAʼs International Energy Continue Reading
Surface Water Vulnerable to Widespread Pollution From Fracking, a New Study Finds
A new study shows the potential for widespread surface water pollution from hydraulic fracturing like at this drilling site in Western Colorado. Credit: Bob Berwyn Fossil fuels don’t just damage Continue Reading
U.S. oil and gas rigs rise for third week
U.S. energy firms this week added oil and natural gas rigs for a third week in a row, as a recovery in oil prices prompted some drillers to return to Continue Reading
U.S. Rig Count Ticks Higher Amid Oil Price Slide
The number of oil and gas rigs in the United States rose by 3 this week, according to Baker Hughes —after rising by 9 last week. The total rig count Continue Reading
Biden Faces Off With Big Oil Over Drilling Auctions
The ongoing situation for 2021 in the U.S. appears to be Big Oil versus Biden, as once again major U.S. oil industry groups are suing President Biden for halting drilling Continue Reading
Environmentalists: Up To 84% Of Texas Flaring Not Permitted
Between 69 and 84 percent of observed methane gas flares in Texas were unpermitted, environmental group Earthworks said in a report published on Thursday, which says the Railroad Commission of Continue Reading
JP Morgan: Don’t Expect A ‘Shock’ Transition In Energy Markets
The energy transition dream clashes with a reality in which the funding and behavioral changes necessary for deep decarbonization of the global energy system are grossly underestimated. That’s one of Continue Reading
U.S. crude stockpiles fall to January 2020 lows -EIA
U.S. crude oil stockpiles dropped last week to their lowest levels since January 2020, the Energy Information Administration said on Wednesday. Inventories have been declining for several months as U.S. Continue Reading
Is The U.S. Shale Bankruptcy Rout Over?
Back in April, we reported that U.S. oil and gas companies were still filing for bankruptcy at record levels right in the midst of an oil price recovery. Smaller producers Continue Reading
US gasoline stocks show surprise build as demand slows: EIA
US gasoline inventories unexpectedly climbed in the week ended Aug. 13, US Energy Information Administration data showed Aug. 18, amid a continued slowdown in demand. Not registered? Receive daily email Continue Reading
Most flares from Texas Permian oil drilling lack permits
Oil producers such as Exxon Mobil (XOM.N) and Royal Dutch Shell (RDSa.L) are burning off gas in the largest oil field in the United States without required Texas state permits, Continue Reading
Comstock Resources offering U.S. shale oil and gas assets, document shows
Dallas Cowboys owner Jerry Jones’ Comstock Resources (CRK.N) oil company is offering to sell properties in North Dakota’s Bakken oilfield, a marketing document seen by Reuters shows, as rising energy Continue Reading