A majority of oil and natural gas company executives polled in a survey released Wednesday expect a net decrease in rig deployment next year compared with 2016 levels, as spending Continue Reading
As part of efforts to support energy transition, France’s biggest listed bank, BNP Paribas, said on Wednesday that it would no longer do business with companies whose main business is Continue Reading
Analysts at HSBC suggest that despite a likely peak in LDV demand in 2025-30, the peak in total oil demand still looks much further off and they see a looming Continue Reading
More than 1 million b/d of crude remains shut-in in the US Gulf of Mexico Tuesday after Hurricane Nate passed through the region over the weekend, although a couple of Continue Reading
OPEC Secretary General Mohammad Sanusi Barkindo calls North American shale producers to do their part in the effort to balance an oversupplied market for crude oil. Photo courtesy of the Continue Reading
U.S. oil output could be set for a last spike in 2018 before growth flattens for a number of years as rising costs make a big chunk of production uneconomic, Continue Reading
Aramco plans to cut 560,000 barrels a day from November supply Kingdom urges producers to comply at “high levels” with limits Saudi Aramco plans to make “the deepest customer allocation Continue Reading
This is followed with economic life cycle analysis for the average LTO well of the 2014, 2015 and 2016 vintages in the Bakken. This analysis found that companies in aggregate Continue Reading
While OPEC mulls over further steps to once again support falling oil prices, tech startups are quietly ushering in a new era in oil and gas: the era of the Continue Reading
Re-balancing of oil market is underway: OPEC Secretary-General More measures may be needed to sustain recovery into next year Oil producers are succeeding in re-balancing an oversupplied market, though they Continue Reading
