Permian makes up 74% of increase Eagle Ford is 14% of climb, Bakken 8% Mounting output due to rising rig counts US unconventional oil output is poised to rise by Continue Reading
The current record of 4.91 million barrels a day was set in March 2020. Crude production in the Permian Basin is expected to surpass a pre-pandemic high this month as Continue Reading
The Biden administration has ordered U.S. government agencies to immediately stop financing carbon-intensive fossil fuel projects overseas and prioritize international collaborations to deploy clean energy technology, according to U.S. diplomatic Continue Reading
U.S. drillers this week added oil and natural gas rigs for the sixth time in seven weeks as demand for energy keeps growing after last year’s coronavirus demand destruction. That Continue Reading
Highlights Would limit government involvement in carbon-intensive projects Stakeholders await details on how exemptions will apply Following through on President Biden’s January executive order calling for the US to develop Continue Reading
The Biden administration is not considering reinstating a ban on U.S. oil exports as a tool to control gasoline prices, according to a person familiar with the administration’s thinking. Subscribe Continue Reading
Highlights Eagle Ford has biggest change: up 3 rigs to 53 Few to no moves in most basins Platts Analytics sees rig count rise into 2023 The US oil and Continue Reading
BP’s massive Argos platform has arrived at its final location in the U.S. Gulf of Mexico following a journey from a yard in Texas. BP’s massive Argos platform has arrived Continue Reading
As global leaders struggle to tackle the climate crisis, and as ordinary people worldwide are increasingly whiplashed by high fuel costs, the US government is promising policymakers, industrialists, and investors Continue Reading
Shell has made a material discovery at the Blacktip North prospect in the deepwater of the U.S. Gulf of Mexico. Oil supermajor Shell has made a material discovery at the Continue Reading
