Based on currently available geophysical data, the Lebanese government estimates that the offshore oil and gas frontier areas in the East Mediterranean may hold around 25 trillion cubic feet of Continue Reading
YPF, the Argentine state energy company, has drilled the longest horizontal oil well lateral, at 3,890 meters, or more than 12,700 feet, in the Vaca Muerta shale play, S&P Global Continue Reading
Global liquid fuels Brent crude oil spot prices averaged $63 per barrel (b) in November, up $3/b from October. EIA forecasts Brent spot prices will average $61/b in 2020, down Continue Reading
Argentina’s YPF has drilled the longest horizontal well to date in the oil window of Vaca Muerta, where the state-backed energy company is focusing its investment for oil and natural Continue Reading
The U.S. saw a sharp decline in support activities for mining in November, according to data released Friday from the U.S. Bureau of Labor Statistics (BLS). The BLS, which categorizes Continue Reading
Halliburton has confirmed job cuts in Duncan, Oklahoma, just days after closing a facility in El Reno, Oklahoma. Halliburton has confirmed job cuts in Duncan, Oklahoma, just days after closing Continue Reading
These two sources of energy are intrinsically linked, and together supply over 60 percent of U.S. and global energy. The relationship between crude oil (WTI) and natural gas (Henry Hub) Continue Reading
The U.S. idled five oil rigs and added two gas rigs for a net loss of three rigs this week. The U.S. idled five oil rigs and added two gas Continue Reading
If OPEC and Russia don’t decide on deeper cuts in oil production for 2020, it could cause oil prices to drop. But the production outlook for North American shale will Continue Reading
A seasonal increase in the number of US shale basin-based frac spreads has not materialized. Back in September, Rigzone reported that a firm that gauges the U.S. upstream industry’s health Continue Reading
