Three weeks after Hurricane Harvey slammed into the lower Texas coast and caused widespread production shut-ins, although little actual damage, in the Eagle Ford Shale play, several big upstream operators Continue Reading
Forward U.S. oil prices for 2018 have climbed back above $50 per barrel, a level that should be high enough to stabilize drilling activity over the next two months. But Continue Reading
Through one of the largest investments in provincial history, expansions to an oil sands project in Alberta triggers big gains in output, its premier said. Alberta Premier Rachel Notley was Continue Reading
BHP announced their plans to divest their U.S. shale assets, including a 123,000-acre position in the heart of the Delaware Basin. This acreage position, in terms of a pricing evaluation, Continue Reading
U.S. crude oil refinery inputs averaged 14.1 million barrels per day during the week ending September 8, 2017, 394,000 barrels per day less than the previous week’s average. Refineries operated Continue Reading
Stocks of US motor gasoline dropped by the most on record as suppliers drew from tank storage to replace gallons lost from oil refineries sidelined by hurricane Harvey. Levels of Continue Reading
For the most part, the way we generate and use energy hasn’t changed a lot in the past 50 years. But that’s not likely to be the case in the Continue Reading
The EIA revises both its 2017 and 2018 oil production forecast figures lower to reflect, in part, the effects of Hurricane Harvey. NEW YORK, Sept 12 (Reuters) – The U.S. Continue Reading
Seadrill Ltd ., one of the world’s largest offshore drilling companies, has filed for Chapter 11 bankruptcy protection at the Southern District Texas court as part of a plan to Continue Reading
Royal Dutch Shell, looking deeply into its crystal ball, sees a future that’s still heavily dependent on oil. The Anglo-Dutch giant expects crude will continue to play a major role Continue Reading
