Higher and more stable oil prices, corporate restructurings, and investors warming to the idea of longer-term investment sent the U.S. oil and gas deals value to a near-record US$122.8 billion Continue Reading
Three years after a ban on crude oil exports was lifted, some U.S. shale producers are doing something they have never done before – lock in prices for their barrels Continue Reading
Despite an uptick in global spending on oil and gas development, the upstream recovery is much slower and shallower than in previous cycles, with current investment levels insufficient to meet Continue Reading
The oil industry has fallen hard for digital tech, with artificial intelligence and robotics a particular focus of attraction, KPMG’s latest CEO Outlook: Oil & Gas has suggested. As much Continue Reading
While the U.S. Shale Industry produces a record amount of oil, it continues to be plagued by massive oil decline rates and debt. Moreover, even as the companies brag about Continue Reading
(Reuters) – U.S. crude oil stockpiles rose last week for the fifth consecutive week, while gasoline and distillate inventories fell, the Energy Information Administration said on Wednesday. A sign built Continue Reading
Exxon Mobil Corp has begun groundwork at a Texas refinery that would become the largest in the United States in advance of a final investment decision on the expansion, three Continue Reading
Summary of Weekly Petroleum Data for the week ending October 19, 2018 U.S. crude oil refinery inputs averaged 16.3 million barrels per day during the week ending October 19, 2018, Continue Reading
The U.S. shale industry may not grow as much, or at least as fast, as everyone thinks it will, according to a top industry executive. The drilling frenzy in West Continue Reading
By 2035 the global energy transition will reach a point of no return, according to a recent report from Wood Mackenzie. By that year, says WoodMac, renewables will likely meet Continue Reading
