A proposed pipeline expansion connecting Natural Gas Pipeline Company of America’s existing system to the Waha Hub in the Permian Basin of West Texas cleared a key regulatory hurdle Friday Continue Reading
The U.S. added three oil rigs and lost two gas rigs for a net gain of one rig this week. Following three consecutive weeks of declines, the U.S. added three Continue Reading
Marathon Oil Corporation (NYSE: MRO) has completed its divestiture of its Kurdistan assets on Friday, according to company press release , as it seeks to divest nearly all its oil Continue Reading
Exploration activity bounced back in 2018 but declining performance points to the limitations of the global exploration drilling opportunity set and the urgent need for its renewal in 2019 and Continue Reading
The data for the charts below are from the EIA’s Monthly Energy Review . I will update this post Friday, May 31st with March data for the USA and charts Continue Reading
Summary of Weekly Petroleum Data for the week ending May 24, 2019 U.S. crude oil refinery inputs averaged 16.8 million barrels per day during the week ending May 24, 2019, Continue Reading
Occidental Petroleum Corp’s activist investor Carl Icahn has filed a lawsuit against the company over what it called its “misguided” pact to buy Anadarko Petroleum Corp, and may seek a Continue Reading
US gasoline inventories climbed 2.2 million barrels last week to 230.94 million barrels despite a drop in production, suggesting lower demand, data released by the Energy Information Administration showed Thursday. Continue Reading
Oil-directed rigs fall by seven to 849 Gas rigs fall by two to 210 Permian production climbing Houston — US oil and natural gas rigs fell by 13 to 1,061 Continue Reading
In the run-up to a busy Memorial Day weekend, refineries across the country boosted their crude utilization rate to 91.2% — a significant increase to a spring season which has Continue Reading
