Major oil producers like Saudi Arabia and Russia need to sustain strong production levels in order to offset supply risks, the International Energy Agency’s executive director Fatih Birol said Tuesday, Continue Reading
When M. King Hubbard concluded in 1956 that the world would shortly run out of oil, his theory was adopted by environmentalists and government meddlers as the basis for interference Continue Reading
Highlights Majors stick to capital discipline Shale rebound supports output growth Signs of cost inflation appear London — Most Western oil majors were able to lift production volumes in the Continue Reading
Forecast Highlights Global liquid fuels Brent crude oil spot prices averaged $81 per barrel (b) in October, up $2/b from September. Despite the increase in monthly average prices, Brent spot Continue Reading
Colorado voters overwhelmingly rejected a measure which would have required drilling of oil and gas wells to be at least 2,500 feet away from occupied structures and vulnerable areas, such Continue Reading
The drumbeat towards peak oil demand is accelerating, but since much of the acceleration is happening outside of the United States, its cadence is muted. To be clear, the developed Continue Reading
A changing energy system is posing “critical questions” for many of the world’s largest oil and gas producing countries, the International Energy Agency (IEA) says. The rise of shale gas Continue Reading
Halliburton Co. expects bottlenecks in America’s busiest oil field to be relieved by the end of next year. A series of catalysts will drive drilling and fracking activity in the Continue Reading
The proposed Voyager pipeline would extend nearly 500 miles and could be in service in late-2020. Magellan Midstream Partners, L.P. (MMP) and Navigator Energy Services have launched a binding open Continue Reading
Baker Hughes reported a 1-rig decrease for oil and gas in the United States this week, bringing the total number of active oil and gas drilling rigs to 1,067 according Continue Reading
