ExxonMobil, Plains All American Pipeline, and Lotus Midstream will build a pipeline capable of transporting more than 1 million barrels per day of crude oil and condensate from the Permian Continue Reading
The global oil and gas industry is poised to increase spending this year, albeit modestly, in a bid to boost supply after a punishing period of low oil prices. The Continue Reading
Forecasters project a large increase in U.S. oil production over 2019. The size of this increase ranges from four hundred and twenty thousand barrels per day (Citibank) to 1.7 million Continue Reading
The global oil market appears to be well-supplied, even as the OPEC+ production cuts begin to whittle away at excess barrels. But while crude may be ample, there are growing Continue Reading
Baker Hughes reported modest rise in the number of active oil and gas rigs in the United States this week. The total number of active oil and gas drilling rigs Continue Reading
U.S. crude oil production will keep setting annual records until 2027 and will remain higher than 14 million bpd through 2040, thanks to continuously growing shale production, the U.S. Energy Continue Reading
A year ago, the U.S. government saw American crude production averaging 11.95 million barrels a day in 2042. Shale drillers are set to exceed that this year. The Energy Information Continue Reading
U.S. energy firms this week increased the number of oil rigs operating for the first time this year but the rig count in January fell the most in a month Continue Reading
Oil prices are still down sharply from the highs of October 2018, but the industry may still increase spending this year. The cost of developing new projects might rise along Continue Reading
The United States is on track to produce more crude oil and liquids than Russia and Saudi Arabia put together by 2025, consultancy Rystad Energy said on Thursday. U.S. liquids Continue Reading
