African Petroleum upbeat about its prospects despite a series of setbacks with its West African portfolio. Photo courtesy of African Petroleum. Oct. 16 (UPI) — Some of the more promising Continue Reading
U.S. oil production is set to increase in November, according the Energy Information Administration’s (EIA) Drilling Productivity Report published on Monday. (Click to enlarge) The EIA has forecast an increase Continue Reading
More than 30 percent of the oil production in the U.S. waters of the Gulf of Mexico is offline because of the shut-ins from Hurricane Nate, the government said. Nate Continue Reading
As shale oil producers have rushed back into the Permian Basin after a downturn, U.S. pipeline firms have scrambled to plot new pipelines to take all that petroleum from West Continue Reading
The September oil price rally was predicated on improving oil market fundamentals, bolstering confidence that the rebalancing process was accelerating. But the inventory declines reported in the third quarter might Continue Reading
An offshore drilling act critics said was “wish list” legislation for the oil and gas industry was hailed as a strategic win by House Republican leadership. The House Natural Resources Continue Reading
Offshore operators in the Gulf of Mexico continued to restart production on Thursday after as much as a week of shut-ins from Hurricane Nate last weekend, the US Bureau of Continue Reading
Forecast Highlights Winter Fuels Outlook EIA forecasts that average household expenditures for all major home heating fuels will rise this winter because of expected colder weather and higher energy costs. Continue Reading
Global supply and demand for crude oil will be largely balanced next year, as growth in consumption helps erode a three-year-old overhang of unused fuel and should mostly offset a Continue Reading
General Motors outlined an all-electric path to zero emissions with at least 20 new all-electric vehicles by 2023. Electric vehicles no longer seem like a futuristic fever dream, but they Continue Reading
