New analysis by Wood Mackenzie takes a look at private equity in the US Gulf of Mexico, exploring operational strategies and potential risks. While majors and independents alike have had Continue Reading
Summary of Weekly Petroleum Data for the week ending September 14, 2018 U.S. crude oil refinery inputs averaged 17.4 million barrels per day during the week ending September 14, 2018, Continue Reading
Russia is only three years away from maximizing oil extraction output before costs and taxes drive down production, Russia’s energy minister has warned. The Russian economy has relied on its Continue Reading
Russia’s oil production could peak as early as in 2021 due to high taxes and costs, provided there are no benefits for exploration or tax incentives introduced, Russian Energy Minister Continue Reading
In July, Saudi Arabia saw its highest crude oil stocks draw in eight months at 5.51 million barrels, after the Kingdom unexpectedly reduced its production compared to June while it Continue Reading
Crude oil production in the U.S. shale patch will hit 7.59 million bpd next month, the Energy Information Administration said in its latest Drilling Productivity Report . This is 79,000 Continue Reading
Oil output from seven major shale formations in the United States is expected to rise by 79,000 barrels per day to 7.6 million bpd in October, the U.S. Energy Information Continue Reading
The shale industry has hit a bit of a rough patch, with pipeline bottlenecks, cost inflation and a crowded field contributing to a drilling and production slowdown. But many in Continue Reading
Proponents of the initiative—which qualified in end-August for the ballot with enough signatures raised—say that it would limit the health and environmental dangers of fracking. Opponents and analysts say that Continue Reading
Hurricane season is in full swing — and it’s throwing into the spotlight an ongoing debate between industry and environmental groups over expanding offshore drilling. The National Ocean Industries Association Continue Reading
