Shell has sold its 22.45-percent interest in the Anadarko-operated Caesar-Tonga field in the U.S. section of the Gulf of Mexico to Israeli Delek Group for US$965 million. Besides the field Continue Reading
The US oil and gas rig count dropped by eight week on week Thursday to 1,090, resuming a five-month general downward trend even as oil prices remained in the low Continue Reading
Growing production of Texas super-light oil – and worries about its quality compared with other types of crude – is slowing down deliveries into the main U.S. storage hub in Continue Reading
The idea of opening up the waters off the coast of Florida to oil and gas drilling has been among the least popular ones of the Trump administration and yet Continue Reading
Global oil output is being hit by expanding U.S. sanctions and other unplanned disruptions which, in an echo of market conditions around five years ago, are pushing prices higher in Continue Reading
U.S. crude oil stocks rose more than expected last week to the highest in nearly 17 months as imports climbed, while gasoline inventories posted their steepest drawdown since September 2017, Continue Reading
U.S. crude oil refinery inputs averaged 16.1 million barrels per day during the week ending April 5, 2019, which was 251,000 barrels per day more than the previous week’s average. Continue Reading
Natural gas prices fall to record lows as crude strengthens Some regional gas processing plants are starting to flare 2 million b/d of crude pipeline takeaway capacity expected this year Continue Reading
Royal Dutch Shell has agreed to sell its stake in the Caesar Tonga field in the Gulf of Mexico for $965 million in cash to a subsidiary of Israel’s energy Continue Reading
Oil prices are climbing to new heights, but many shale companies are not exactly riding high. U.S. shale drillers have run into a series of problems that have resulted in Continue Reading
