OPEC Threatens To Kill U.S. Shale
The Organization of Petroleum Exporting Countries will once again become a nemesis for U.S. shale if the U.S. Congress passes a bill dubbed NOPEC, or No Oil Producing and Exporting Continue Reading
How The Californian Oil Boom Died
This week I am creating slides for a presentation I am giving in California later this month. While researching the material, I took a closer look at the history of Continue Reading
US Slashes Oil Production Forecast
The U.S. government cut its oil production forecast for the first time in six months as drillers scale back in smaller shale plays and the U.S. Gulf of Mexico. While Continue Reading
The EIA Cuts U.S. Oil Output Projections
U.S. crude oil production will continue to set records, but the pace of growth could be slower than what was thought just a month ago, according to the EIA’s latest Continue Reading
Oil Prices To Skyrocket If U.S. Shale Stalls
A collapse of production in Venezuela, aggressive production curtailments from OPEC+, relatively strong demand and an economy humming along – and oil prices are still sharply below the highs seen Continue Reading
Talk to ‘Green New Deal’ backers, BP CEO tells oil industry
The oil industry should engage with proponents of the “Green New Deal,” a Democratic initiative seeking to radically reduce U.S. dependence on fossil fuels, BP Chief Executive Officer Bob Dudley Continue Reading
Short-Term Energy Outlook
Global liquid fuels Brent crude oil spot prices averaged $64 per barrel (b) in February, up $5/b from January 2019 and about $1/b lower than at the same time last Continue Reading
CERAWeek: Producers boosting capital spending in conventional plays: ConocoPhillips economist
US light tight oil has become the marginal barrel for the global crude market and shale production represents the highest return on investment, but capital is also pouring into conventional Continue Reading
Marathon Oil Opts for Overlooked Acreage Outside of Permian
The explorer is opting to snap up cheap acreage in overlooked areas like the Louisiana Austin Chalk. (Bloomberg) — Marathon Oil Corp. is mirroring private equity as it looks for Continue Reading
U.S. Supermajors Could Form A New Oil Cartel
The ambitious shale growth plans of the U.S. supermajors could in the future allow them to control so much of U.S. shale oil production that they could also control the Continue Reading