Highlights Bill calls for regularly updated emissions reduction strategy Republicans say it ‘triples down’ on high energy costs Democratic US House members Sept. 20 sought another pause on federal oil Continue Reading
U.S. Senator Joe Manchin will unveil his full energy permitting bill on Wednesday to speed fossil fuel projects and offer incentives for renewable energy electricity transmission, legislation that faces an Continue Reading
Growth in shale production has brought with it growing public awareness of the environmental impact of oil and gas extraction from hydraulic fracturing operations. Improved water treatment technology and in-basin Continue Reading
Oil and gas permitting in the United States slowed down last month, with the decline particularly marked in the Permian. This is according to data from Evercore ISI, cited by Continue Reading
Fitch Solutions expects to see an increase in gas-to-oil switching for use in heating during the winter season in the northern hemisphere, the company’s associate director, Emma Richards, told Rigzone. Continue Reading
Private companies in the Permian Basin of West Texas and New Mexico emerged from the pandemic-induced oil downturn as a growth engine for U.S. shale. Dozens of small drillers helped Continue Reading
The number of total active drilling rigs in the United States rose by 4 this week, according to new data from Baker Hughes published on Friday. The total rig count Continue Reading
LONDON, Sept 16 (Reuters) – demand for gas from domestic generators as well as customers in Europe and Asia scrambling for replacement supplies following Russia’s invasion of Ukraine. Working inventories Continue Reading
Saudi Arabia and the United Arab Emirates as part of the OPEC+ pact led to a 790,000-barrel-per-day rise in global oil production in August, the International Energy Agency (IEA) said Continue Reading
Crude oil prices inched higher today after the Energy Information Administration reported an inventory increase of 2.4 million barrels for the week to September 9. This compared with a sizeable Continue Reading
The Biden administration on Wednesday issued oil and natural gas leases to companies that nabbed the Gulf of Mexico drilling rights in a government auction later invalidated by a federal Continue Reading
The American Petroleum Institute (API) reported a build this week for crude oil of 6.035 million barrels, while analysts predicted a draw of 200,000 barrels. The build comes as the Continue Reading
Analysts had hoped that oil production at the Permian Basin would hit record highs in October, with the EIA forecasting a 66,000-bpd increase. As the active rig count drops in Continue Reading
Onshore crude oil inventories have been tightening. Onshore crude oil inventories have been tightening and seem to be at an inflection point, according to energy and environmental geo-analytics company Kayrros. Continue Reading
Global employment in the energy sector has risen above its pre-pandemic levels, led by increased hiring in clean energy, the IEA said in its latest report. Global employment in the Continue Reading
Oil output in the Permian in Texas and New Mexico, the biggest U.S. shale oil basin, is due to rise 66,000 barrels per day (bpd) to a record 5.413 million Continue Reading
U.S. inventories of diesel and other distillate fuel oils are now critically low after failing to recover during the summer driving season. The shortage will keep upward pressure on diesel Continue Reading
The number of total active drilling rigs in the United States dropped by 1 this week, according to new data from Baker Hughes published on Friday. The total rig count Continue Reading
Crude oil prices eased from their earlier gains after the Energy Information Administration reported inventories had added 8.8 million barrels for the week to September 2. This compared with an Continue Reading
Highlights Permian adds most rigs: up 3 to 347 Even Permian growth may be slow in H2-22 The US oil and gas rig count rose by three to 871 on Continue Reading
The number of total active drilling rigs in the United States dropped by 5 this week, according to new data from Baker Hughes published on Friday. The total rig count Continue Reading
Global oil companies are pumping billions of dollars into offshore drilling, reversing a long decline in spending on the decades-long projects including some in the remote iceberg waters far off Continue Reading
Global oil companies are pumping billions of dollars into offshore drilling, reversing a long decline in spending on the decades-long projects including some in the remote iceberg waters far off Continue Reading
Gail Tverberg is a writer and speaker about energy issues. She is especially known for her work with financial issues associated with peak oil. Prior… Citizens around the world can Continue Reading
The global diesel market looks set to get even tighter. The global diesel market looks set to get even tighter as power generators and industrial users seek relief from surging Continue Reading
US shale producers are on course to make nearly $200 billion this year, enough to make the industry debt-free by 2024 and potentially fund a pivot toward more natural gas Continue Reading
The American Petroleum Institute (API) reported a large draw this week for crude oil of 5.632 million barrels, while analysts predicted a draw of 448,000 barrels. The build comes as Continue Reading
Oil storage tanks in Cushing, Oklahoma. Photographer: Daniel Acker/Bloomberg Oil rallied for a second day as an industry report signaled another drawdown in US crude inventories, adding to a tightening Continue Reading
The United States’ Strategic Petroleum Reserve (SPR) now has only 453.1 million barrels in its inventory, following another significant drop in the past week that puts the emergency reserve at Continue Reading
U.S. energy firms this week cut the number of oil and natural gas rigs for a third week in a row even as they slowly increase production to pre-pandemic levels Continue Reading
The number of total active drilling rigs in the United States fell by 1 again this week, according to new data from Baker Hughes published on Friday. It is the Continue Reading
New injunction narrowed in scope to 13 states Platts Analytics sees no immediate oil supply impacts Little to no new leasing activity expected in the Western US A new permanent Continue Reading
Crude oil prices moved higher today, after the Energy Information Administration estimated a draw in oil inventories of 7.1 million barrels for the week to August 12. This compared with Continue Reading
JODI: global crude inventories fell by 21.8 million barrels to 915.8 million barrels in June. The low level of crude inventories coincided with record-high gasoline prices in the U.S. in Continue Reading
A U.S. court of appeals has ruled that President Joe Biden’s pause on oil and gas leases on public land can be reinstated, just days after the passage of a Continue Reading
The chance of the weather pattern forming into a cyclone through the next 48 hours has risen. An unnamed weather disturbance projected to move over the southwestern Gulf of Mexico Continue Reading
U.S. shale oil producers are in line to suffer more than $10 billion in derivative hedging losses this year. E&Ps typically employ derivative hedging to limit cash flow risks and Continue Reading
U.S. oil reserves held by 50 large companies rose by 13% over the five years ended in December, according to an Ernst & Young report released on Wednesday, with mergers Continue Reading
The American Petroleum Institute (API) reported a draw this week for crude oil of 448,000 barrels, while analysts predicted a smaller draw of 117,000 barrels. The draw comes as the Continue Reading
The largest shale basin in the United States, the Permian, is on track to hit a record 5.408 million barrels per day next month, with production set to rise by Continue Reading
The number of total active drilling rigs in the United States fell by 1 this week, according to new data from Baker Hughes published on Friday. It is the second Continue Reading
Six oil and gas fields in the Gulf of Mexico have been shut. Six oil and gas fields in the Gulf of Mexico have been shut after a leak at Continue Reading
A damaged oil pipeline component that disrupted output at several offshore U.S. Gulf of Mexico platforms was repaired late Friday, a Louisiana official said, with producers moving to reactivate some Continue Reading
Six oil and gas fields in the Gulf of Mexico have been shut after a leak at a Louisiana booster station halted two pipelines in the region. Shell Plc on Thursday Continue Reading
Even after US gasoline prices reached historic highs during the coronavirus pandemic, they somehow found more room to rise in 2022 after Russia invaded Ukraine . Strong demand and a Continue Reading
The value of mergers and acquisitions in U.S. shale fell by 65% in the second quarter of 2022 compared to a year earlier. Now, interest in acquisitions appears to be Continue Reading
Crude oil prices inched down before the EIA reported its crude inventory report today, but saw a small jump after the release, when the agency reported that crude oil inventories Continue Reading
Implied gasoline demand jumps 6.8% to 9.12 million b/d Commercial crude stocks spike by 5.5 million barrels Gasoline stocks plunge by 5 million barrels US gasoline demand rose for the Continue Reading
Forecast Highlights Global liquid fuels The August Short-Term Energy Outlook (STEO) is subject to heightened uncertainty resulting from Russia’s full-scale invasion of Ukraine, how sanctions affect Russia’s oil production, the production decisions Continue Reading
The American Petroleum Institute (API) reported a surprise build this week for crude oil of 2.156 million barrels, while analysts predicted a draw of 400,000 barrels. The build comes as Continue Reading
