Record Breaking U.S. Exports Could Hurt Oil Markets
U.S. exports have spiked in recent weeks, upending longstanding trade flows. But while that may be good news for some U.S. drillers, the unusually high level of crude exports are Continue Reading
New technology could recover more oil from early Bakken wells
Oil companies are applying new hydraulic fracturing techniques to early Bakken wells, a process industry leaders say has the potential to recover more oil without increasing the footprint on the Continue Reading
Shale production may soon hit a wall
A decade or so ago I was doing a TV interview and talked about a technology called horizontal fracturing and shale oil that might one day make the U.S. energy Continue Reading
Nigerian crude oil exports threaten market balance
The resumption of operations at a crude oil export terminal in Nigeria could lead to stronger output from the OPEC member, industry analysts say. File photo by Pavel Shlykov/Shutterstock June Continue Reading
U.S. rig count doubled from last year
The number of rigs targeting oil and gas reserves in the United States in May was double the level from last year, Baker Hughes reported. Rig counts serve as a Continue Reading
Canada’s Oil Sands Open Up To Chinese Investment
Canada is inviting Chinese companies to invest in its oil sands, Canada’s Natural Resources Minister Jim Carr said on Thursday, after an exodus in the past few months saw international Continue Reading
Summary of Weekly Petroleum Data for the Week Ending June 2, 2017
U.S. crude oil refinery inputs averaged over 17.2 million barrels per day during the week ending June 2, 2017, 283,000 barrels per day less than the previous week’s average. Refineries Continue Reading
The Next Big U.S. Shale Play
Media coverage of the U.S. shale oil and gas industry makes it sound like the Permian is the only place where things are happening. Everybody is buying acreage in the Continue Reading
More offshore oil openings from Trump draw criticism
The White House took another step to opening up offshore oil and gas reserves using a method that an industry critic said poses a real ecological threat. The office of Continue Reading
Oil production in the Gulf of Mexico shows resilience
With crude oil prices in May holding above the $50 mark, analysis finds the U.S. Gulf of Mexico saw gains in exploration and production activity. Platts RigData, a forecasting unit Continue Reading