Retamco Operating has pulled out of a license in the Vaca Muerta after failing to come up with the financing to develop a block in the Argentinian shale play, a Continue Reading
Many people will tell you that the production rate of Saudi Arabia’s Ghawar oil field, which has yielded 5 million barrels of petroleum per day for decades, will never be Continue Reading
U.S. oil and gas executives’ outlook turned negative for the first time since the low point of the last oil bust, according to results of a survey released on Thursday Continue Reading
For much of 2018, investors probably thought they had a strong bet in the energy complex. But that bet badly turned sour in the final 60 days of the year. Continue Reading
With oil prices below $50/b, 2019 still uncertain Prices are minimum required for output growth: Platts Analytics Producer fiscal discipline seen persisting into new year Houston — As the price Continue Reading
Two-thirds of projections made by the fracking companies between 2014 and 2017 in America’s four hottest drilling regions appear to have been overly optimistic, according to the analysis of some Continue Reading
Equinor published Wednesday an updated assay for “Eagle Ford chem grade,” the name it gives to a high-API, naphtha-rich condensate produced from the South Texas shale play. Receive daily email Continue Reading
Companies around the world have scrapped a record number of large crude tankers in 2018. About 100 vessels of the industry’s main crude carriers have been sent to India and Continue Reading
In the decades preceding the arrival of U.S. shale oil, the oil market had only one stabilizing force, namely OPEC. The reason the oil market was structured as such was Continue Reading
U.S. crude oil output hit an all-time high of more than 11.5 million barrels per day in October, according to government data released on Monday. Crude production rose 79,000 bpd Continue Reading
