The End of Oil Is Near
THIS PAST SPRING, coastlines around the globe took on the feel of an enemy invasion as hundreds of massive oil tankers overwhelmed seaports from South Africa to Singapore. Locals and Continue Reading
Oil Major Equinor Stops Drilling In U.S. Shale Patch
Norway’s Equinor will not drill any more wells in the U.S. shale patch this year as it adjusts to a lower-for-longer oil price environment, a spokesperson for the company said Continue Reading
US oil, gas rig count drops by seven to 282, mostly from small plays
The US oil and gas rig count dropped by seven on the week to 282 with small plays along the Texas Gulf Coast and Kansas accounting for most of the Continue Reading
Summary of Weekly Petroleum Data for the week ending August 21, 2020
Summary of Weekly Petroleum Data for the week ending August 21, 2020 U.S. crude oil refinery inputs averaged 14.7 million barrels per day during the week ending August 21, 2020 Continue Reading
U.S. Oil And Gas Lease Sales Resume Despite Weak Interest
Despite the wave of U.S. oil and gas industry bankruptcies and layoffs as a result of the pandemic, the United States government has decided to resume its oil and gas Continue Reading
FUJAIRAH DATA: Stockpiles soar 11% in biggest weekly gain since February
Stockpiles of oil products at the crude trading and bunkering hub of Fujairah on the east coast of the UAE jumped to a six-week high, with marine bunkers and fuel Continue Reading
Hurricane Laura poses biggest threat to U.S. oil in 15 years
The U.S. energy industry began preparing for a major hurricane strike by Tuesday, cutting crude production at a rate approaching the level of 2005’s Hurricane Katrina and halting oil refining Continue Reading
Two Major Shale Drillers Plan Layoffs
Two shale producers have plans to start cutting jobs, sources in the know who wished to remain unnamed have told Reuters. Parsley Energy plans to cut 10 percent of all Continue Reading
Gulf Of Mexico Drillers Shut In More Than 82% Of Oil Production
Platform shut-ins in the Gulf of Mexico have reached 82.4 percent of oil production, the Bureau of Safety and Environmental Enforcement reported , with 56.92 percent of gas production also Continue Reading
US ELECTIONS: Republicans warn of fracking ban, oil and gas jobs loss, on day one of convention
During the first night of the GOP convention, Republicans asserted that Democrats will ban hydraulic fracking, thereby decimating US oil and gas jobs, in spite of leading Democrats’ pullback from Continue Reading