Falling prices could force shale drillers—who fracture underground rock formations to release the oil and gas trapped inside—to moderate their growth in booming areas such as the Permian Basin in Continue Reading
The race to export U.S. shale oil overseas is about to get fierce, with at least nine proposed terminals angling for a piece of a very limited pie. Within 18 months, Continue Reading
This is the first of three books that the late geologist Kenneth S. Deffeyes, who passed away a year ago this week, wrote about the coming global oil crisis. The Continue Reading
North American oil producers that have been increasing spending to take advantage of this year’s higher prices will dial back as November’s reversal fuels worries about a 2019 surplus, energy Continue Reading
While the IEA got a lot of coverage for its World Energy Outlook 2018 (WEO 18), there might be a little snippet that got way underappreciated. On page 159 of Continue Reading
Saudi Arabia is producing oil in excess of 10.7 million barrels a day, more than in recent years, Energy Minister Khalid Al-Falih said, giving the strongest indication yet that the Continue Reading
Chevron’s operated Big Foot deepwater project starts crude oil and natural gas production. Chevron has announced that its operated Big Foot deepwater project, located in the U.S. Gulf of Mexico, Continue Reading
The energy transition is the focus of much discussion. To read the accounts in the mainstream media, one gets the impression that renewable energy is being rolled out quickly and Continue Reading
(Reuters) – U.S. energy firms this week cut oil rigs for the first time in the three weeks as crude prices have fallen to their lowest in over a year. Continue Reading
U.S. crude oil stockpiles rose more than expected last week, building for the ninth consecutive week, while gasoline and distillate inventories fell, the Energy Information Administration said on Wednesday. Crude Continue Reading
