Shale Profits Remain Elusive
This time was supposed to be different. This year was supposed to be the year in which the U.S. shale industry proved that, after years of frustrating investors, they would Continue Reading
The Real Reason Behind The Next Oil Squeeze
The last quarter has seen increased volatility in oil prices, an increase that I attribute to the growing tensions in international markets as fears of a global trade war intensify. Continue Reading
The Real Leader In Global Energy Production
Last week President Trump spoke to business leaders at a dinner. Daniel Dale, the Washington correspondent for the Toronto Star, posted several tweets about the dinner. In one, he wrote Continue Reading
US unconventional oil production seen growing by 93,000 b/d in September: EIA
US unconventional oil production is forecast to increase to 7.522 million b/d in September, up 93,000 b/d from August, the US government said Monday – the smallest month-on-month growth projection Continue Reading
The Fracking Industry Is Cannibalizing Its Own Production, Increasing Spill Risks
In the climactic final scene in There Will Be Blood — arguably the greatest movie about the oil industry — the main character played by Daniel Day Lewis explains how Continue Reading
Apocalypse by 2040? Shock as MIT computer model predicts END DATE for civilisation
A COMPUTER MODEL developed in 1973 by a team of MIT researchers has predicted the “end of civilized life as we know it” by 2040, with a major change coming Continue Reading
Global Oil Supply Could Become ‘’Very Challenging’’
The oil market has experienced a “cooling down” this summer as global supply disruptions have eased at a time when demand has also slowed a bit, according to a new Continue Reading
Shell hails bounceback towards deepwater drilling
Royal Dutch Shell is doubling down on drilling for oil far beneath the oceans, as the energy group eyes a cash bonanza from traditional deepwater projects despite a growing focus Continue Reading
U.S. drillers add most oil rigs since May: Baker Hughes
U.S. energy companies this week added the most oil rigs since May as drillers follow through on plans to spend more on exploration and production in anticipation of higher crude Continue Reading
U.S. Drillers Add Double Digit Oil, Gas Rigs
Baker Hughes reported an increase to the number of active oil and gas rigs in the United States on Friday. Oil and gas rigs increased by 13 rigs , according Continue Reading