Exploration activity will increase in 2018, but market uncertainty and the need to manage debt levels will remain key constraints to investment. That is the view of oil and gas Continue Reading
Surging shale production is poised to push U.S. oil output to more than 10 million barrels per day – toppling a record set in 1970 and crossing a threshold few Continue Reading
U.S. oil output is expected to continue to rise in February with production from shale rising by 111,000 barrels per day (bpd) to 6.55 million bpd, the U.S. Energy Information Continue Reading
Hess Corp is cutting roughly 13 percent of its workforce and streamlining operations as it battles an activist hedge fund shareholder pushing for the U.S. oil and gas producer to Continue Reading
Contents Related Today in Energy articles Email New-well oil production per rig barrels/day New-well gas production per rig thousand cubic feet/day Region January 2018 February 2018 change January 2018 February Continue Reading
The weekly rig count report that Baker Hughes releases is probably on everyone’s not-to-miss schedule. However, its days as one of the most reliable U.S. oil industry growth metrics seem Continue Reading
The ‘hottest shale play’ has been the media’s favorite cliché for the Permian Basin over the past year. And while cliché, the basin straddling West Texas and New Mexico has Continue Reading
Taking a look at our proprietary ClipperData in recent days, there has been two trends that have jumped out: changing oil dynamics in the US, and changing flows in the Continue Reading
Shale drillers are scrambling to take advantage of the recent surge in oil prices, but the cost of production could begin to creep up, offsetting some of the promised gains. Continue Reading
Company expects $1.7 billion charge in fourth-quarter results Payments from deadly accident now seen at $3 billion for 2018 BP Plc raised the amount it will pay this year for Continue Reading
