80% of Shell’s oil and gas reserves will be produced before 2030
The future of oil and gas across the world is coming under intense pressure following reports by Shell, which plans to empty reserves by over 80 per cent in the Continue Reading
U.S. offshore policy draws industry criticism
The United States can’t stay competitive in the offshore oil and gas market without incentives like reduced royalty rates, an industry trade group said. Going against policy recommendations, U.S. Interior Continue Reading
Is the U.S. Shale Boom Hitting a Bottleneck?
The oil field at the heart of the U.S. shale boom appears to be choking on its own growth, a surprising development with big ramifications for energy profits and global Continue Reading
US Onshore Spending Expected to Rise 9% This Year
Barclays anticipates an increase in onshore upstream spending. Barclays’ updated survey of the top 40 U.S. onshore producers indicates preliminary upstream budgets are on track to increase by 9 percent Continue Reading
Shale Boom Creates New Petrochemical Hub
The record-setting natural gas production in the United States is benefiting not only consumers. The shale-growth-driven natural gas output is expected to bring benefits to the petrochemical industry as well, Continue Reading
Could Natural Gas Threaten Permian Oil Production?
In a recent article , I provided a firsthand look at the booming oil production in the Permian Basin. Notably, after 100 years of production, the Permian Basin is pumping Continue Reading
Oil Markets: The Calm Before The Storm
U.S. oil production is expected to rise by another 125,000 bpd in May, compared to a month earlier. – The gains will, unsurprisingly, come from the Permian basin, which is Continue Reading
Ultra-light crude demand far outpacing supply in Asia
Asian refiners and petrochemical companies have started to cautiously monitor China’s downstream industry in recent weeks, as the upcoming restart of a giant petrochemical complex in Fujian province could further Continue Reading
U.S. shale output to rise by 125,000 bpd in May -EIA
U.S. shale oil production is expected to increase in May for the fourth consecutive month, U.S. Energy Information Administration data showed on Monday, boosted by record production in the prolific Continue Reading
Drilling Productivity Report
The Drilling Productivity Report uses recent data on the total number of drilling rigs in operation along with estimates of drilling productivity and estimated changes in production from existing oil Continue Reading