North Dakota’s oil output fell to 1.44 million b/d in September, down about 37,000 b/d from August’s record-setting average, the North Dakota Pipeline Authority reported Tuesday. In an interview with Continue Reading
California intensified its battle against fossil fuels by halting new permits for a key production technique following leaks at a Chevron Corp. facility in an area that has pumped crude Continue Reading
Growth in the U.S. shale industry is dramatically slowing down, with cash-strapped drillers slashing spending and scrapping rigs. At the same time, the oil majors are consolidating their position and Continue Reading
ConocoPhillips revealed its 10-year plan on Tuesday, which exhibits a commitment to capital discipline while providing higher returns to shareholders. ConocoPhillips revealed its 10-year plan on Tuesday, which includes free Continue Reading
The Drilling Productivity Report uses recent data on the total number of drilling rigs in operation along with estimates of drilling productivity and estimated changes in production from existing oil Continue Reading
Permian to lead growth with 4.73 million b/d next month Eagle Ford production to continue decline Washington — Despite expectations of a drilling slowdown, the US Energy Information Administration on Continue Reading
For a second consecutive year, U.S. shale producers are finding themselves cutting capital spending for the following year, as investors continue to demand returns from the frenzied drilling over the Continue Reading
Fund manager Paulson & Co. Inc, a shareholder of Callon Petroleum, is dropping its opposition to a merger between Callon and Carrizo Oil & Gas that could be the start Continue Reading
Commenting on unconfirmed reports that leading offshore contractors Saipem and Subsea 7 are considering a merger, Audun Martinsen, head of oilfield service research at Rystad Energy, said: “Subsea 7 made Continue Reading
Activist global warming strategies have now caused the European Investment Bank to ban its fossil fuel project funding. After more than a year of internal and external lobbying by several Continue Reading
