The Race For An Oil Spill Solution
The search for ever-better materials to soak up oil from water has recently added a new member to this highly specialized and highly sough-after family: Chinese scientists have invented a Continue Reading
New Colorado environmental law stalls oil investment
New environmental regulations in Colorado have chilled investment in the state’s oil and gas fields as companies grapple with how local officials will respond to a law giving them more Continue Reading
Rystad: U.S. Shale Is Now The World’s Second Cheapest Source Of Oil Supply
U.S. shale oil—which just four years ago was the world’s second most expensive oil resource—is now the second cheapest source of new oil supply globally, just behind the giant onshore Continue Reading
US oil and gas rig count falls 13 on the week to 1,071: Platts Analytics
US oil and gas rigs fell 13 to 1,071 the week ended May 8, S&P Global Platts Analytics said Thursday, resuming what has generally been a six-month downward trend despite Continue Reading
Uncertainty still surrounds Colorado producers following oil, gas overhaul bill
Although Colorado passed a sweeping overhaul of the oil and natural gas permitting process for drilling new wells in the state, and Democratic Governor Jared Polis declared an end to Continue Reading
Schlumberger Subsidiary Cuts Jobs in Permian
Product & Logistics Services is ceasing operations at its Monahans, Texas facility, resulting in the termination of 124 employees. Product & Logistics Services LLC (P&LS), a subsidiary of Schlumberger Limited, Continue Reading
The Shale Boom Is About To Go Bust
The shale industry faces an uncertain future as drillers try to outrun the treadmill of precipitous well declines. For years, companies have deployed an array of drilling techniques to extract Continue Reading
How Total’s CEO pounced on Anadarko’s African energy assets
It took Total’s chief executive and a small group of advisers just days to line up the French energy major’s biggest acquisition in almost two decades when it agreed to Continue Reading
Analysis: US crude stocks decline 3.96 million barrels as imports fall
US crude inventories fell 3.96 million barrels last week, as a decline in imports outpaced lower crude exports and refinery runs, an analysis of Energy Information Administration data showed Wednesday. Continue Reading
Occidental CEO Battles Oil-Field Giant to Rule the Permian Basin
Driven by a risk-taking chief executive, Occidental Petroleum Corp. is trying to swallow a competitor close to its own size, outmaneuvering one of the world’s oil giants in the process. Continue Reading