Should Oil Be Released From The SPR?
The Strategic Petroleum Reserve is many things to different people. To some, it’s an insurance policy. To others, a costly white elephant. Still others think of it as a shiny Continue Reading
Halliburton shares plunge on Permian growth worries
(Reuters) – Shares of oilfield services provider Halliburton fell by more than 8 percent on Monday after the company warned of moderate growth in the oil and gas-rich Permian Basin Continue Reading
IEA: World Is Not Spending Enough On Energy
Global energy investment fell by 2 percent in 2017, the third consecutive year of a decline, according to the International Energy Agency, which sounded the alarm this week , warning Continue Reading
GTI plans second Permian Basin field test site to maximize hydraulic fracturing efficiency and increase production
GTI (Gas Technology Institue) is leading a high-profile program on Hydraulic Fracturing Test Sites (HFTS) in the Permian Basin, bringing together government and industry to improve recovery, continue enhancing environmentally Continue Reading
UK Offshore Production: Summary for First Quarter 2018
UK C&C It was expected by many, me included but more importantly UKOGA and a couple of the bigger oil and gas consultancies, that UK offshore oil production would increase Continue Reading
Spend more, oilfield services company Schlumberger pleads
The head of oilfield services company Schlumberger said Friday major investments in exploration and production are needed to counter supply-side pressures. “Despite OPEC’s recent decision to increase production, the global Continue Reading
Baker Hughes sees bright skies ahead
Landing work in some of the largest international oil and gas projects, Baker Hughes said Friday it was expecting growth on a global scale. Baker Hughes, operating for now under Continue Reading
Rig Count Drops As U.S. Crude Output Hit 11 Million Bpd
Baker Hughes reported a decreased number of active oil and gas rigs in the United States on Friday. Oil and gas rigs decreased by 8 rigs , according to the Continue Reading
Baker Hughes: US Drillers Cut Rigs By Most Since March This Week
U.S. energy companies this week cut oil rigs by the most in a week since March as the rate of growth has slowed over the past month or so with Continue Reading
Senators plea for continued offshore oil and gas safety
A group of Democratic senators said eroding federal rules on offshore oil and gas safety means the government is ignoring lessons from Deepwater Horizon. The U.S. Interior Department’s Bureau of Continue Reading