Hurricane Season Weighs On Gulf Of Mexico Production
Production for June by BOEM was 1631 kbpd and by EIA 1636, compared with 1673 and 1659 kbpd, respectively, in May. The decline was mostly from Thunder Horse going offline Continue Reading
U.S. oil drillers cut rigs for third week in four as recovery stalls: Baker Hughes
U.S. energy firms cut oil rigs for a third time in the past four weeks as a 14-month drilling recovery stalls with energy firms reducing spending plans in response to Continue Reading
Motiva Port Arthur refinery “on target” for partial restart by Monday
Motiva Enterprises [MOTIV.UL] said its Port Arthur, Texas, refinery, the nation’s largest, was on target for a partial restart of production by Monday. “Motiva remains on target to restart its Continue Reading
The Obsolescence of Oil As We Live Out the Current Technology Wave
With every new green announcement on the global technology stage we get propelled further into a reality where oil may no longer be dominant. Whether its France and India committing Continue Reading
Summary of Weekly Petroleum Data for the Week Ending September 1, 2017
U.S. crude oil refinery inputs averaged 14.5 million barrels per day during the week ending September 1, 2017, about 3.3 million barrels per day less than the previous week’s average. Continue Reading
The Shale Party Is Going To End Badly Google Alert
Summary Despite Wall Street’s love for shale, the industry has not been able to support itself through internal cash generation. If Wall Street’s love affair with shale fades, the party Continue Reading
Jeffrey J. Brown: Hurricanes And U.S. Oil Production
Summary Hurricane Harvey took offline over 50% of Texas’ refining capacity and shut down large percentage of the wells in the major Eagle Ford shale play. This week, Hurricane Irma Continue Reading
API Reports Crude Inventory Build As Demand Falters
The American Petroleum Institute (API) reported a build of 2.791 million barrels in United States crude oil inventories, compared to analyst expectations of a build of 4.022 million barrels for Continue Reading
GoM June Production Update
Production Production for June by BOEM was 1631 kbpd and by EIA 1636, compared with 1673 and 1659 kbpd, respectively, in May. The decline was mostly from Thunder Horse going Continue Reading
More shale production expected from Colorado
Bill Barrett Corp., which has a core focus in U.S. shale oil basins, said production for the year could be higher than expected because of Colorado’s success. Bill Barrett said Continue Reading