Chevron, Shell, and Exxon have begun evacuating staff working on offshore platforms in the Gulf of Mexico ahead of a subtropical storm Alberto. Production has not yet been affected, the Continue Reading
The Trump administration’s bid to expand offshore drilling sounds like a sweet deal when the oil and gas industry sells it: more jobs, increased local revenue and possibly an energy Continue Reading
U.S. energy companies added the most oil rigs in both a week and a month since February as drillers continued to return to the well pad with crude prices at Continue Reading
While offshore segments were spared, the U.S. energy sector could be in for a rough year with forecasters expecting an above-normal hurricane season. Climate forecasters at the National Ocean and Continue Reading
US drillers added 13 rigs to the number of oil and gas rigs this week, according to Baker Hughes, with oil rigs increasing by 15 and gas rigs dipping by Continue Reading
A natural gas bottleneck in the Permian Basin could force oil producers to shut wells or seek waivers to flare large amounts of natural gas if takeaway capacity does not Continue Reading
A new and growing challenge for Permian oil and gas companies is handling and disposing of water. Much of the attention given to the Permian Basin nowadays hinges on growth Continue Reading
[ Yet another “crash coming soon” post, if it hasn’t happened already (I scheduled this article and others to appear a year or more later, since crashes always take longer Continue Reading
Here’s a new indicator for you: It seems that the difference between the price of oil here and abroad is a measure of tightness in the market, with a rising Continue Reading
Shell has made a large deepwater exploration discovery in the U.S. Gulf of Mexico, just 13 miles from its Appomattox project that is expected to start production by the end Continue Reading
