Suhail Al-Mazrouei UAE’s Oil Minister Suhail al-Mazrouei said in a TV interview he did not expect any “significant growth” in shale oil output anytime soon, despite higher oil prices resulting Continue Reading
“If you don’t have your crews lined up by now, you’re not going to be able to complete your wells in Q1,” replied my oilfield service friend. “We’re fully booked Continue Reading
The EIA has just released its Short-Term Energy Outlook . Some of their projections should be taken with a grain of salt because they usually change every month. Nevertheless… All Continue Reading
Some $11.6 billion of Chevron’s $19.8-billion capital spending plan will target international upstream projects. For a fourth consecutive year, Chevron Corp. will reduce spending in its capital budget, which is Continue Reading
Growing sentiment Tuesday that the rally in crude oil prices will lead to more appetite for production helped put an end to an OPEC-fueled run for the bulls. Crude oil Continue Reading
Messages of support adorn the side of a tipi inside of the Oceti Sakowin camp as ”water protectors” continue to demonstrate against plans to pass the Dakota Access pipeline near Continue Reading
U.S. shale oil companies are using the post-OPEC rally to hedge their oil price risk for next year and 2018 above $50 a barrel, bankers, merchants and brokers said, pushing Continue Reading
Modern economics is a matter of supply and demand. And when it comes to ‘peak oil’, it’s the difference between catastrophe and opportunity. Since the early 20th Century, scientists, experts, Continue Reading
I gave a mini presentation at a Griffith University “sustainable economy” seminar on 29 November 2016 https://drive.google.com/file/d/0B21KVqpkTSnrQ2haWFAwaU5MRjQ/view As the themes were slanted towards “business opportunities”, I chose this title for Continue Reading
As the Baker Hughes rig count ticks upwards, oilfield services providers (OFS) are seeing a much-awaited revenue rebound in the heart of the United States’ most prominent drilling areas. Spending Continue Reading
