Peak oil demand in 2022
Energy demand will plateau after 2030, according to a new DNV GL (stand 5B51) model which forecasts the pace and extent of the global energy transition until 2050. While fossil Continue Reading
Can Russia Develop Its Shale Reserves?
Russia’s tight oil will play an increasingly important role in its oil output, underpinned by the fact that 20 percent of its current reserves already belong to the “tight” category. Continue Reading
Texas moves toward post-Harvey recovery; gas prices slip
Texas on Monday edged toward recovery from the devastation of Hurricane Harvey as shipping channels, oil pipelines and refineries restarted some operations and authorities lifted an evacuation order for the Continue Reading
No need to consider release of oil stocks after Harvey: IEA
The International Energy Agency (IEA) still sees no need for a coordinated international release of oil stocks after Hurricane Harvey disrupted a large chunk of U.S. refining and some production Continue Reading
Ship traffic could resume Tuesday at Port Arthur, Texas: U.S. Coast Guard
The U.S. Coast Guard on Monday allowed some barge traffic to enter Port Arthur, Texas, home of the country’s largest oil refinery, and is considering allowing ships to enter on Continue Reading
These Numbers Suggest Yet Another Surge In The Permian
The Permian is the heart of modern oil and gas activity, with well over 300 rigs operating and tremendous growth set to continue. But companies need to continuously drill new Continue Reading
U.S. Oil Inventories Set To Spike After Hurricane Harvey
The people along the coast of Texas are trying to assess the implications of the toxic stew that Hurricane Harvey unleashed, with exploding chemical plants and flooded superfund sites threatening Continue Reading
How EIA Guestimates Keep Oil Price Subdued
The EIA has once again undercut its previous estimates for U.S. oil production, offering further evidence that the U.S. shale industry is not producing as much as everyone thinks. The Continue Reading
As the US recovers from Harvey, what’s next? – Fuel for Thought
Share The shale revolution has dramatically transformed this country’s energy landscape, making the US an exporter of crude, products and LNG—a far cry from the situation 12 years ago when Continue Reading
About 5.5 percent U.S. Gulf oil output still shut after Harvey: government agency
About 5.5 percent of the U.S. Gulf of Mexico’s oil production, or 96,000 barrels of daily output, remained shut on Sunday after Hurricane Harvey made landfall in Texas more than Continue Reading