The chief executive of the largest oilfield service provider, Schlumberger, warned on Tuesday that bottlenecks in the largest U.S. shale basin would slow oil production growth and investments in the Continue Reading
As the crude powerhouse that is Texas’ Permian Basin becomes old news, oil explorers are looking for the next big thing–and they have found it in the more-than 4000 feet Continue Reading
After nearly two decades of horizontal drilling, fracking – as it is commonly known, has “turned the energy world upside down,” according to Journalist Bethany McLean, a former Goldman Sachs Continue Reading
Sand is a key ingredient for shale drillers, who use a mixture of sand, water and chemicals to fracture rock formations deep underground and release the oil and gas trapped Continue Reading
US independent Anadarko on Monday shut production at two Gulf of Mexico platforms, Horn Mountain and Marlin, in preparation for Tropical Storm Gordon, which is expected to strengthen and become Continue Reading
Oil producers in the Permian Basin, dealing with a shortage of pipelines, are increasingly turning to trucks and rail to ship the flood of crude from the West Texas oil Continue Reading
About 20 years ago, an entrepreneur named George Mitchell proved that it was possible to get lots of oil and gas out of parts of the earth long thought to Continue Reading
In the busy oil fields south of San Antonio, some big rig trucks sit empty. They could be hauling the thousands of loads of sand needed to frac a well. Continue Reading
Saudi Arabia will report to OPEC that its crude oil production in August averaged 10.424 million bpd, up from the July levels, S&P Global Platts reported on Friday, quoting an Continue Reading
U.S. crude oil production rose 231,000 barrels per day, or 2 percent, to a record 10.674 million bpd in June, the U.S. Energy Information Administration said in a pair of Continue Reading
