Trump Moves To Allow Drilling On Atlantic Coast
A new proposal by the Trump administration will allow oil companies to use seismic air guns to search for fossil fuel deposits in the Atlantic Ocean, according to reports emerging Continue Reading
Are Super Rigs The Driver Behind The New Shale Boom?
Cost cuts and efficiency—the two key ingredients of the U.S. shale’s recipe for surviving the worst of the downturn—have led to drillers now employing a growing number of rigs capable Continue Reading
Big oil, small U.S. towns see new reward in old production technique
Amid the frenetic activity of American shale oilfields recovering from a two-year recession sit a handful of oil towns that seemed impervious as many producers went into bankruptcy and the Continue Reading
Has Permian Productivity Peaked?
The U.S. shale industry might have just received a huge windfall with the nine-month extension of the OPEC cuts. Shale output was already expected to come roaring back this year, Continue Reading
Americans Are Doing Everything They Can to Drain Oil Inventories
U.S. crude exports and refinery inputs advance to records Gas-guzzling is hot again as demand hits highest level ever There’s a loud sucking sound coming from the depths of oil Continue Reading
Carlyle OFS Exec: It’s Dangerous to Declare Industry in Recovery
Carlyle Group principal cautions crowd at Louisiana Energy Conference that not all of the oil and gas industry is rebounding as conventional and offshore service companies continue to struggle. An Continue Reading
World Crude Plus Condensate and Conventional Oil
The EIA recently updated its International Petroleum statistics. World Crude plus Condensate (C+C) output was 80,577 kb/d in Feb 2017 an increase of 72 kb/d from the previous month, this Continue Reading
Peak Oil Demand Is A Risk – Why Nobody Knows If Or When
The lead story in a recent The Wall Street Journal Report on Innovations In Energy was titled “Get Ready for Peak Oil Demand.” We have been getting ready for the Continue Reading
Has Permian Productivity Peaked?
The U.S. shale industry might have just received a huge windfall with the nine-month extension of the OPEC cuts. Shale output was already expected to come roaring back this year, Continue Reading
This Is What the Demise of Oil Looks Like
From giant companies like Exxon Mobil Corp. to OPEC members such as Saudi Arabia, oil producers say their industry will enjoy decades of growth as they feed the energy needs Continue Reading