100 Offshore Projects To Be Sanctioned In 2018
The current tailwind in the oil market is likely to propel 100 new offshore projects to be sanctioned in 2018, according to Rystad Energy. This compares to only 60 projects Continue Reading
Geopolitical energy risks become more acute
Geopolitical risks to energy supplies have affected oil prices in recent months. With global oil markets now largely rebalanced these risks have become more acute. Flashpoints in the Middle East Continue Reading
U.S. crude stockpiles surge to highest level this year: EIA
U.S. crude oil stocks rose sharply last week, bringing overall supply to its highest level since December, and gasoline inventories also rose, the Energy Information Administration said on Wednesday. Crude Continue Reading
Weekly Petroleum Status Report
Summary of Weekly Petroleum Data for the Week Ending April 27, 2018 U.S. crude oil refinery inputs averaged about 16.6 million barrels per day during the week ending April 27, Continue Reading
Increase In Well Productivity Drives U.S. Production Jump
New shale oil well productivity drove U.S. production higher in the last few years, with the average daily rate for the first month of operation rising from less than 100 Continue Reading
Suncor Ramps Up Megaprojects as Refining Arm Protects Prices
Suncor Energy Inc. is barreling ahead on the ramp-ups of the Fort Hills and Hebron oil megaprojects as its refining operations protect it from the pipeline shortages and lower prices Continue Reading
Oil Crumbles As API Reports Large Crude Build
With oil prices already down on the day, the American Petroleum Institute (API) reported a large build of 3.427 million barrels of United States crude oil inventories for the week Continue Reading
U.S. crude oil production efficiency continues to improve
U.S. tight oil production increased in 2017, accounting for 54% of total U.S. crude oil production, in part because of the increasing productivity of new wells. Since 2007, the average Continue Reading
Catastrophic Cyberattacks Threaten Big Oil
There are over a million oil and gas wells in the United States. There are also several hundred thousand miles of pipelines. Digitization is on the rise in the notoriously Continue Reading
Permian crude producers work to reduce exposure to deep price discounts
Permian crude producers are working on ways to reduce their exposure to deep price discounts, company executives said Tuesday. * Noble pricing more crude in Gulf Coast * Encana sees Continue Reading