Can The Gas Glut Kill The Permian Boom?
Natural gas is produced as a byproduct when drilling for oil. Oil tends to be more lucrative, so shale companies typically target oil in places like the Permian, and the Continue Reading
Majors move out, minors move in to British North Sea
The sale of gas fields in the British North Sea could be a sign that bigger companies are losing interest in an area with a bit of a future, analysis Continue Reading
The Oil Situation: Some Alarming Aspects.
There are four or five factors indicating that the oil supply situation is likely to become extremely problematic within a decade. There is no recognition of this within the mainstream. Continue Reading
The Soft Belly of The Oil Industry: the Upcoming Seneca Collapse
Ugo Bardi explains his idea of an impending “ Seneca Collapse ” of the world’s oil industry at the session on climate change of the meeting of the Club of Continue Reading
Is This The New Sweet Spot For Shale?
Over the last year, ‘permania’ has become so frenzied that the land rush drove exploration rights prices in West Texas sky high—and along with it, equipment and labor costs. So, Continue Reading
Can Argentina Replicate The U.S. Shale Boom?
Argentina has consistently been hyped as the location where the next shale revolution will unfold. The unfolding has taken some time, but progress in shale production is starting to take Continue Reading
Conoco sets $50-a-barrel oil price ceiling for new projects
ConocoPhillips, the largest US exploration and production company, has ruled out investing in projects that need an oil price of $50 or higher to make a profit, as it attempts Continue Reading
U.S. oil drilling rig count holds steady this week: Baker Hughes
U.S. energy companies kept the oil rig count unchanged this week, General Electric Co’s Baker Hughes energy services firm said on Friday, as some analysts expect a gradual decline in Continue Reading
Texas jobs, shale production increasing
Shale oil production in Texas has increased steadily for more than a year and gains have spilled over into the broader economy, a federal reserve bank said. The Federal Reserve Continue Reading
Markets Shrug On Flat Oil Rig Count
The number of oil and gas rigs in the United States rose again this week, this time by 8, according to Baker Hughes, ending a short-lived downward trend in weeks Continue Reading