The Trump Administration has offered to open more than 90 percent of the federal Outer Continental Shelf (OCS) for consideration of future exploration and development. The proposal is in stark Continue Reading
The International Energy Agency (IEA) acknowledged in its latest Oil Market Report that the recent rally in oil prices came on the heels of significant tightening, but that the supply Continue Reading
U.S. energy companies this week cut oil rigs for the second time in three weeks even though crude prices traded near their highest level since 2014. Drillers cut five oil Continue Reading
Strong demand growth and an extended OPEC-led effort to balance the market suggests 2018 will be good for drilling services, Schlumberger’s head said Friday. Schlumberger is the world’s largest oilfield Continue Reading
Exploration and production in the Permian shale basin in Texas is contributing to more output, but not more jobs, data from a federal reserve bank said. The Federal Reserve Bank Continue Reading
In its January 2018 Short-Term Energy Outlook (STEO), EIA forecasts that total fossil fuels production in the United States will average almost 73 quadrillion British thermal units (Btu) in 2018, Continue Reading
The number of active oil and gas rigs fell this week, according to Baker Hughes data , decreasing by 3 total rigs. This brings the total number of oil and Continue Reading
A senior official from the Interior Department (DOI) said Florida was still under official consideration for offshore drilling, despite an announcement by Secretary Ryan Zinke last week stating that the state would Continue Reading
Federal waters off Florida’s coast remain in the Trump administration’s draft proposed offshore oil and gas leasing plan, the acting head of the agency that developed the plan said Friday. Continue Reading
The precise date at which oil demand hits a high point and then enters into decline has been the subject of much debate, and a topic that has attracted a Continue Reading
