Low Oil Prices Are Not The Only Problem For The Permian
While low oil prices are beginning to slow the growth of U.S. shale , in the years ahead oil and gas drilling could be curtailed by a different problem: a Continue Reading
Fracking in 2018: Another Year of Pretending to Make Money
2018 was the year the oil and gas industry promised that its darling, the shale fracking revolution, would stop focusing on endless production and instead turn a profit for its Continue Reading
Art Berman: Exposing The False Promise Of Shale Oil
Art Berman, geological consultant with over 37 years experience in petroleum exploration and production, returns to the podcast this week to debunk much of the hopium currently surrounding America’s shale Continue Reading
After billion-barrel bonanza, BP goes global with seismic tech
Buoyed by the success of seismic imaging that found an extra billion barrels of oil in the Gulf of Mexico, BP is looking to take its latest technology to Angola Continue Reading
Energy Minister: Russia Can’t Cut Oil Production Quickly
Due to weather and geological conditions in the cold Russian winter, Russia cannot cut its oil production too quickly, Energy Minister Alexander Novak said on Thursday, reiterating Moscow’s commitment to Continue Reading
U.S. crude stockpiles fall more than expected in week: EIA
U.S. crude oil stocks fell more than expected last week, while gasoline and distillate inventories rose more than forecast, the Energy Information Administration said on Wednesday. Crude inventories fell by Continue Reading
Offshore Spending To Overtake Shale In 2019
Rystad Energy forecasts offshore spending will outgrow spending on onshore shale activities this year. Service companies exposed to the offshore subsea market and the maintenance, modifications and operations (MMO) sector Continue Reading
Crude Oil Inventory Draw Fails To Move Market
The Energy Information Administration reported a crude oil inventory decline of 2.7 million barrels for the week to January 11 but the report failed to have any palpable effect on Continue Reading
2019 US Oil Output to Average 12MM Barrels Per Day
U.S. crude oil production will average 12.1 million barrels per day in 2019, according to the EIA’s latest short-term energy outlook. U.S. crude oil production will average 12.1 million barrels Continue Reading
U.S. Oil Outlook Slammed By Lower Prices
The recent slide in oil prices may finally start impacting U.S. oil production forecasts. The plunge in oil prices in November and December spread gloom around the industry. Comments from Continue Reading