The study comes as the Trump administration is preparing to finalize a that would allow the oil and gas industry to buy leases in every part of the Atlantic, Pacific Continue Reading
Crude oil production in North Dakota could peak over the next five years as producers will have drilled up the core production areas and will have to move to less Continue Reading
Crude oil prices hesitated today after the Energy Information Administration reported a U.S. oil inventory build of 7.5 million barrels for the first week of February. The report came a Continue Reading
US crude stocks climbed for a third consecutive week last week as production ticked higher and exports slowed, US Energy Information Administration data showed Wednesday. Commercial crude inventories increased 7.46 Continue Reading
The US Energy Information Administration on Tuesday forecast global oil market demand fundamentals to tighten this year, largely due to the impacts of the coronavirus outbreak in China. “EIA expects Continue Reading
Without the unprofitable and unconventional shale oil supply, U.S. oil production would still be below 5 million barrels per day. While we can applaud the shale industry for allowing the Continue Reading
John Hess, CEO of Hess Corporation, a large U.S.-based independent oil producer, recently told a Houston audience where he’s putting the company’s money these days : Offshore drilling. That should Continue Reading
Job losses in oil and gas eased in January. The job losses in the U.S that have plagued the oil and gas industry for most of the latest downturn showed Continue Reading
Despite plentiful supplies of fuel and low prices, energy security is a global concern. The fear 30 or 40 years ago was that supplies would be cut off by Opec Continue Reading
John Hess, CEO of Hess Corporation, a large U.S.-based independent oil producer, recently told a Houston audience where he’s putting the company’s money these days : Offshore drilling. That should Continue Reading
