Rystad Energy concluded this week that 2017 was yet another record low year for discovered conventional volumes globally. Less than seven billion barrels of oil equivalent has been discovered YTD. Continue Reading
The global oil industry has discovered less than seven billion barrels of oil equivalent so far this year—a drop-off from the 8 billion boe discovered last year. Last year’s total Continue Reading
In its first-ever report of its kind, U.S. shale company Pioneer Natural Resources said it wanted to become an oil and gas leader, but in a sustainable way. “Climate change Continue Reading
Oasis Petroleum Inc, the last major oil producer operating exclusively in North Dakota’s Bakken shale formation, is heading south to the nation’s largest oilfield, pursuing a pricey expansion as investors Continue Reading
Euronav tanker Takata of the French coast last year Euronav NV said Thursday that it is buying rival Gener8 Maritime Inc., an all-share deal worth about $500 million expected to Continue Reading
Brent to average $60, WTI seen at about $55 in 2018: survey Shale growth seen as wild card where analysts’ outlooks differ The direction of oil prices in 2018 will Continue Reading
Saudi Arabia’s energy Minister Khalid al-Falih speaks at an oil-and-gas conference in Basra, Iraq, on Dec. 4. Saudi Arabia is hunting for an energy deal in American shale country, as Continue Reading
U.S. crude oil refinery inputs averaged about 17.1 million barrels per day during the week ending December 15, 2017, 111,000 barrels per day more than the previous week’s average. Refineries Continue Reading
When oil prices rocketed toward $60 a barrel this fall, U.S. shale producers hedged more barrels of oil during the quarter than in at least three years, which could help Continue Reading
For OPEC, U.S. shale oil is a curse. For the Trump administration, it is the biggest tool to help achieve what the White House has dubbed energy dominance . There Continue Reading
