Frac Sand Shortage Threatens Shale Boom
Halliburton said last week that its earnings could be negatively impacted because of bottlenecks related to the supply of frac sand used in shale drilling. The Wall Street Journal reported Continue Reading
EIA USA Reserve Estimates
EIA reserve estimates for USA for 2016 have been issued (a couple of months later than usual). The numbers they provide are ‘proven’ reserves of crude, condensate and natural gas. Continue Reading
In the deepwater vs shale oil contest, Shell backs both
Royal Dutch Shell will expand deepwater output and turn a profit from its shale production in coming years as both together will help the oil major cope with a world Continue Reading
BP: Oil Demand Is Going to Peak in the Next 20 Years
Global demand for crude oil could peak in the next two decades, as renewables like solar power surge faster than expected to meet a greater share of the world’s energy Continue Reading
Offshore Oil Is Poised For Significant Growth
Following three painful years of portfolio repositioning, cost cuts, and deferred projects, the offshore oil and gas industry is now more prepared to deliver projects and profits at lower costs Continue Reading
U.S. drillers add oil rigs for fourth consecutive week: Baker Hughes
U.S. energy companies added oil rigs for a fourth week in a row even though crude pulled back from three-year highs over the past couple of weeks as more drillers Continue Reading
Continental Resources expecting steady production gains
Ahead of its fourth quarter report, U.S. shale company Continental Resources said it expects its net production to grow by at least 15 percent. Total U.S. oil production is a Continue Reading
Price rally spells fleeting relief for Canadian oil producers
Canadian heavy crude rallied to a two-month high relative to U.S. crude this week, offering some relief to oil producers in Alberta struggling with thin margins amid plentiful supply. The Continue Reading
UK Shale Industry Prospects Remain ‘Widely Bearish’
Prospects for the UK shale industry remain ‘widely bearish’, according to oil and gas analysts at BMI Research. Prospects for the UK shale industry remain ‘widely bearish’, according to oil Continue Reading
U.S. Oil Production Is Rising Much Faster Than Expected
Shale executives have gone to great lengths to convince investors that they will not drill aggressively now that oil prices have rallied into the $60s. But in a new report Continue Reading