Price differences between U.S. light and heavy crude oil grades have been widening, pricing data showed, as refiners around the world have been snapping up less-dense crude grades for more Continue Reading
There appears to be no end in sight for the current fuel supply crisis, with summer demand set to spike while refineries run at an unsustainable rate. While refineries have Continue Reading
All U.S. shale basins are expected to see growth this year. Permian is on track to account for about half of all U.S. output in 2023. The Permian has produced Continue Reading
Highlights Russian oil supply losses seen reaching at least 2 million b/d EU looks to US, Middle East, WAF suppliers to replace Russian oil Asian buyers eager for discounted Russian Continue Reading
Sky-high oil prices haven’t been able to bolster shale spending. Shale firms are sticking to their guns, prioritizing shareholder returns over everything. “Whether it’s $150 oil, $200 oil, or $100 Continue Reading
U.S. energy firms cut oil and natural gas rigs this week for the first time in 31 weeks, but the rig count rose for a record 22nd month in a Continue Reading
Rystad: Global oil and gas investment is set to rise by 20% this year. In the United States, investment in shale is set to increase by 35%. Oil frontiers like Continue Reading
Through 2021 the federal waters of the northern Gulf of Mexico (OCS) have cumulative production of 23.4 Bbo and 193 Tcf. The deepwater (water depths > 1000’ as defined by Continue Reading
Rental rates for offshore oil and gas rigs have rocketed higher, boosted by a race to lift production because of the war in Ukraine and a recovery in demand after Continue Reading
The Permian is expected to be the main driver of U.S. production growth in 2022. Supply chain snarls are starting to weigh on Permian production growth. Oilfield service companies are Continue Reading
