“We knew it was going to cause a stir,” said Australian marine scientist Dr. Robert McCauley. McCauley was referring to the results of an experiment testing the impacts of a Continue Reading
The administration of President Donald Trump is not considering any release from the U.S. emergency oil stockpile to offset the impact of looming Iran sanctions, and will rely on big Continue Reading
North Dakota oil production reached a record high in July and the Bakken is primed for growth. After months of being the red-headed stepchild to the Permian, the Bakken shale Continue Reading
W&T Offshore shares an update on its JV drilling program and plans to sell Permian interests for $56.8 million. W&T Offshore Inc. plans to sell overriding royalty interests in the Continue Reading
The US frac sand market could approach $6 billion by 2023. SOURCE: Black Mountain Sand A key ingredient for drilling and completion operations in shale formations, proppant – often frac Continue Reading
The Trump administration this March will again offer 78 million acres in the Gulf of Mexico for oil and gas leasing, the Interior Department announced Tuesday. Receive daily email alerts, Continue Reading
Highlights 3 million boe/d output expected by 2020 Fabrication yards still massively underutilized Plans North Sea sales to ‘high grade’ portfolio London — Total expects its deepwater oil and gas Continue Reading
In the period to 2040, the required global oil sector investment is estimated at $11 trillion. That’s according to the latest OPEC World Oil Outlook report, which was launched on Continue Reading
World oil demand will peak at 104.4 million barrels per day (bpd) in the mid-2030s, up from just below 100 million bpd currently, as new technologies gradually eat into oil Continue Reading
A steady rise in U.S. oil output will gather pace in the next five years, OPEC said on Sunday, predicting that demand for the producer group’s crude will decline despite Continue Reading
