Little fanfare, but Gulf of Mexico oil still growing steadily
As rapid growth in U.S. shale production grabs headlines and threatens to upend attempts by OPEC to balance oil markets, a more unsung sector of the U.S. industry is also Continue Reading
Is The U.S. Oil Patch A Value Trap?
While the S&P 500 is up 6.49 percent , year to date (YTD), it has not brought any cheers to energy investors. Energy investors continue to see their investment bleed, Continue Reading
Nimble Shale Drillers Outpump Giants, Confounding OPEC Clampdown
Exxon, Pemex oil output fell while Chevron’s grew by just 0.4% Independent, shale-focused drillers pumping double-digit gains The biggest oil explorers in the world are being left in the dust Continue Reading
Summary of Weekly Petroleum Data for the Week Ending April 28, 2017
U.S. crude oil refinery inputs averaged about 17.2 million barrels per day during the week ending April 28, 2017, 108,000 barrels per day less than the previous week’s average. Refineries Continue Reading
Ohio lawmakers add budget provision that could open state parks to fracking
Ohio legislators took a step toward allowing fracking in state parks, adding a provision in a pending budget that would strip the governor of the ability to control the issuing Continue Reading
Pentagon concerned about lifting offshore drilling moratorium
A letter viewed by Florida lawmakers from the Pentagon said maintaining a moratorium on drilling in parts of the Gulf of Mexico was in the nation’s interest. A letter from Continue Reading
Conservationists sue to halt fracking in Ohio’s only national forest
Four conservation groups on Tuesday sued the U.S. Forest Service and Bureau of Land Management in an attempt to halt fracking plans in a portion of Ohio’s only national forest. Continue Reading
Suncor Restarts Heavy Canadian Oil Shipment From Syncrude Oil Sands
Suncor Energy said on Monday that pipeline shipments from the Syncrude Mildred Lake Oil Sands facility in Canada had resumed after completing repairs following a fire at the upgrader on Continue Reading
BP: Deepwater Investments in GOM Make Sense
BP’s regional president for the Gulf of Mexico shares how his company was able to overcome the challenges of operating in deepwater. This year’s Offshore Technology Conference kicked off with Continue Reading
BP Says 1B Additional Barrels ‘Possible’ In Gulf Of Mexico Hubs
The head of BP’s Gulf of Mexico region said on Monday the oil company’s use of a new seismic imaging technology has identified 1 billion additional barrels of “possible resources” Continue Reading