The relentless drilling ramp-up in America’s top shale plays is making investors more skeptical that an oil price rebound is on the horizon. After increasing their bets on rising West Continue Reading
Optimism surrounding the potential increase in oil prices is fading with WTI back below $50 per barrel. Nevertheless, the oil industry is doing much better than it was last year. Continue Reading
The first quarter of the year saw record-high oil and gas M&A activity in the U.S., with the value of deals topping US$73 billion – a whopping 160-percent annual increase Continue Reading
Chart 1 – A Model using data from Enno Peter’s shaleprofile.com. The chart above (chart 1) needs some explanation. It is based on the Permian LTO model found by using Continue Reading
As global oil majors pull out of Canada’s oil sands, domestic companies are buying up assets and betting technology and economies of scale will enable them to turn a profit Continue Reading
British oil major BP has discovered 200 million barrels of oil in a hidden cache in the Gulf of Mexico, thanks to a technological breakthrough allowing the company to see Continue Reading
President Donald Trump signed an executive order Friday to ease regulations on offshore drilling and eventually allow more to occur, particularly in the Arctic Ocean. The order, which takes aim Continue Reading
With the ink barely dry on an order to review U.S. offshore drilling rights, environmental groups said preparations are already underway for a legal challenge. U.S. Interior Secretary Ryan Zinke Continue Reading
Two of the most influential voices in the oil market today separately set out a stark picture of a coming crude supply shortfall. The IEA and state-owned Saudi Aramco both Continue Reading
The volume of new oil discoveries hit a record low in 2016, the result of severe cuts to exploration budgets amid plummeting oil prices. The number of new conventional drilling Continue Reading
