Texas oil trade group sees investment pickup in 2018
A trade group in Texas said 2018 looked good for the oil and gas business, with investments trickling down to the coastal and manufacturing sectors. Texas is the No. 1 Continue Reading
What’s Behind The Canadian Rig Count Crash
Canada’s rig count fell from 210 to 136 for the week ending on December 29, a massive drop off. That took the rig count to a six-month low. Obviously, the Continue Reading
The 10 Energy Stories That Defined 2017
As 2017 comes to a close, it’s time to review the top energy stories of the year. There are several stories that could compete for the year’s top spot, but Continue Reading
Russian daily oil output edges up in 2017 to 30-year high
Russian oil production has continued to grow in 2017, with average daily output at a 30-year high of 10.98 million barrels per day, though the pace of growth slowed from Continue Reading
Proposed Changes to Offshore Drilling Rules Raise Safety Questions
Two offshore oil platform rigs are under construction in Port Fourchon, La. The Trump administration’s proposed changes to offshore oil drilling rules are raising fundamental questions over whether safety regulators Continue Reading
U.S. Shale Can’t Offset Record-Low Oil Discoveries
The U.S. shale resurgence has been one of the main themes in oil markets this year, while OPEC’s production cut deal to deplete the oil overhang and boost oil prices Continue Reading
Russia Tightens Oil Grip With China’s Second Pipeline
New project to China’s Daqing city runs smoothly, Xinhua says Two parallel lines can transmit 30 million tons of oil a year A second Sino-Russian oil pipeline began operations on Continue Reading
Pipeline projects move ahead to tackle rising Texas shale output
Several oil pipeline companies this month agreed to move ahead on multi-billion-dollar projects that would link Texas shale fields to Gulf Coast export hubs, offering new outlets for burgeoning output Continue Reading
U.S. crude, natural gas output at multi-year records in Oct: EIA
U.S. crude oil production in October rose to the highest in more than 46 years, while natural gas production leaped to a new record, U.S. Energy Information Administration data showed Continue Reading
U.S. oil rig count ends 2017 40 percent above year-ago levels: Baker Hughes
The U.S. oil rig count rose by about 42 percent by end-2017 compared to the corresponding period last year, as energy companies boosted spending amid a recovery in crude prices. Continue Reading