Oil and gas operators in the Permian Basin, the most prolific hydrocarbon resource basin in North America, will have to drill substantially more wells just to maintain current production levels Continue Reading
First high-pressure project for the US Gulf of Mexico Facility design capacity of 75,000 b/d of crude and 28 MMcf/d of natural gas First oil expected in 2024 New York Continue Reading
Primus and an undisclosed petchems JV partner commissioned the FEED study. IHI E&C International Corp. has won a front-end engineering and design (FEED) study for a first-of-its-kind natural gas-to-gasoline plant Continue Reading
In its closely watched oil-market report, the IEA said it was trimming its 2020 non-OPEC oil supply growth forecast by 200,000 barrels a day to 2.1 million barrels. However, it Continue Reading
As the new year promises to ring in what most suspect will be lackluster oil demand and moderate oil prices despite OPEC’s beefier production cuts, oil auctions for the upcoming Continue Reading
Drillers in Argentina have sought for years to replicate the success of the U.S. shale boom in its huge oil and gas deposits in the Vaca Muerta shale play. The Continue Reading
When Chevron snapped up Atlas Energy in 2011to join the natural gas land rush in the Appalachian shale region of the US, its then vice-chairman lauded the $4.3bn deal as Continue Reading
More than half of it is from its Appalachia natural gas assets after a slump in prices. (Bloomberg) — Chevron Corp. expects to write down as much as $11 billion Continue Reading
Chevron said that it would write down $11 billion in assets in the fourth quarter, much of which is tied to natural gas in Appalachia. The impairment is a sign Continue Reading
The American Petroleum Institute (API) has estimated a crude oil inventory build of 1.41 million barrels for the week ending December 4, compared to analyst expectations of a 2.763-million-barrel draw Continue Reading
