After years of pursuing a strategy of mostly tiebacks in the deepwater Gulf of Mexico during the recent industry downturn, BP said it will also now begin adding frontier exploration, Continue Reading
Wood Mackenzie outlines the next most likely takeover targets in the Permian right now. The next most likely takeover target in the Permian right now is Endeavor Energy Resources, according Continue Reading
Royal Dutch Shell said on Thursday that it had started oil production at its Appomattox floating production system months ahead of schedule, opening a new frontier in the deepwater U.S. Continue Reading
Offshore drilling contractor Seadrill is considering selling non-core assets, including its 15.7% stake in oil service firm Archer, to reduce its liabilities, the firm’s outgoing chief financial officer said on Continue Reading
US crude inventories climbed 4.74 million barrels last week to 476.78 million barrels, with higher production and lower refinery runs helping to offset a decline in imports, US Energy Information Continue Reading
Global oil demand will grow more slowly than previously thought following an economic lull in Asia, the International Energy Agency said, while warning that supplies stand to tighten due to Continue Reading
U.S. crude oil inventories rose unexpectedly last week, hitting their highest levels since July 2017, due to weak refinery output, particularly in the Midwest, the Energy Information Administration said on Continue Reading
Summary of Weekly Petroleum Data for the week ending May 17, 2019 U.S. crude oil refinery inputs averaged 16.6 million barrels per day during the week ending May 17, 2019, Continue Reading
Natural gas prices at the Waha hub in West Texas are negative again this week, for the first time since plunging to an all-time low of minus $4.28 per million Continue Reading
A subsidiary of Occidental and Canadian clean energy company Carbon Engineering are teaming up to build the world’s biggest Direct Air Capture (DAC) and sequestration facility in the Permian that Continue Reading
