Russia’s Lukoil Eyes Decade Of Oil Output Growth
Lukoil expects its output to rise over the next 8-10 years as it brings new fields onstream, vice president and co-owner Leonid Fedun says. MOSCOW, Sept 20 Sept (Reuters) – Continue Reading
BP’s Thunder Horse Platform Shut Temporarily On Power Issue
BP Plc halted production at its Thunder Horse platform in the U.S. Gulf of Mexico on Monday following a power outage, a company spokesman confirmed on Tuesday. The benchmark for Continue Reading
Drilling Productivity Report
New-well oil production per rig barrels/day New-well gas production per rig thousand cubic feet/day Region September 2017 October 2017 change September 2017 October 2017 change Anadarko 372 376 4 2,512 Continue Reading
U.S. shale output set to rise for 10th consecutive month: EIA
U.S. shale production is set to rise for the 10th month in a row in October, the U.S. government said on Monday, spurred by U.S. oil prices rising above the Continue Reading
Reserves vs Valuations: Exxon’s Permian Predicament
The world’s largest listed oil firm, ExxonMobil, has been lagging behind other supermajors in reserve replacement ratio—a key metric in the industry that shows the amount of proved reserves a Continue Reading
Beyond peak oil
The last decade has seen a significant change in the terms of the debate around the concept of “peak oil”. Ten years ago the focus was on when oil resources Continue Reading
Sub-$50 Oil Could Kill Shale
Oil prices are at their highest levels in months on the back of strong demand and some key supply outages around the world. But the next price movements are unclear, Continue Reading
Beaumont port still restricted after Harvey
While crude deliveries by larger ships to Beaumont in Texas remain restricted after Hurricane Harvey, a workaround using pipelines can supply Exxon Mobil’s refinery there, shipping sources said. Beaumont’s port Continue Reading
U.S. Oil Rig Count Continues To Collapse
The total oil and gas rig count in the United States now stands at 936 rigs, up 430 rigs from the year prior, with the number of oil rigs in Continue Reading
U.S. Diesel, Heating Oil Inventories At Historical Low
Even before Hurricane Harvey shut down more than 20 percent of U.S. refining capacity, U.S. diesel, jet fuel, and heating oil stocks had dropped during the summer months, for the Continue Reading