US oil production has sustained its upward climb, underscoring nervousness about excess supply that has unraveled the market for crude. The record 11.475m barrels per day that oil companies pumped Continue Reading
Baker Hughes reported a 3-rig decrease for oil and gas in the United States this week. The total number of active oil and gas drilling rigs now stands at 1,076 Continue Reading
The Trump administration is taking a major step toward allowing a first-in-a-generation seismic search for oil and gas under Atlantic waters. (Bloomberg) — The Trump administration is taking a major Continue Reading
The U.S. added two oil rigs this week, bringing the total number to 887, according to weekly data compiled by Baker Hughes, a GE Company. This week’s count makes three Continue Reading
Jupiter Energy Group has launched its 90-day open season for binding shipper commitments on the Jupiter Pipeline Jupiter Energy Group has launched its 90-day open season for binding shipper commitments Continue Reading
To the east, the Gulf of Mexico stretches out, blue-green and sparkling. To the west and north, flounder and trout meander in a chain of bays. People flock here to Continue Reading
U.S. crude oil and natural gas proved reserves rose to record highs in 2017, driven by stronger energy prices and the continuing development of shale formations, the U.S. Energy Information Continue Reading
Oil prices have plunged by about 25 percent in the last month while the cost of gasoline has tumbled to as little as $2 a gallon in several states. President Continue Reading
Stronger oil and natural gas prices combined with continuing development of shales and low permeability formations drove producers of crude oil and natural gas in the United States to report Continue Reading
Prices below $60/b are hurting US shale producers and potentially strengthening OPEC’s hand to introduce tighter quotas and output cuts when the group and its allies meet next week, according Continue Reading
