BP’s Mad Dog leads the oil pack’s return to the Gulf of Mexico
BP Plc’s decision to move ahead with a $9 billion (7.10 billion pounds) project to drill in the Gulf of Mexico is the first step toward major oil companies moving Continue Reading
Decommission Spending May Skyrocket 540% to $210 Billion
With more than 600 projects expected during the next five years, decommissioning in the global offshore industry is heading for a perfect storm, says study author. Decommission spending for aging Continue Reading
Shale state of Oklahoma says ‘thank you’ to OPEC
The shale oil and natural gas sector in Oklahoma is on better footing now that OPEC has agreed to cut its production, the state’s governor said. Oklahoma is one of Continue Reading
U.S. Oil-Rig Count Up by Three in Week to 477
The number of rigs drilling for oil in the U.S. rose by three in the past week to a total of 477, according to oil-field services company Baker Hughes Inc. Continue Reading
U.S. Oil Rig Count Climbs To A 10-Month High
This week’s Baker Hughes count shows a three-site increase for the United States oil rig count, bringing the number of active oil rigs to its highest point since the end Continue Reading
U.S. Shale Patch Welcomes OPEC Deal – But Needs $60 Oil
Oil rig Although OPEC’s decision to take 1.2 million bpd off the market as of January is undoubtedly good news for the U.S. shale patch, companies would likely wait to Continue Reading
Peak Oil & System Justification: Damned Environmentalists
The tendency to justify the system may interfere with a clear evaluation of environmentally damaging aspects of the socioeconomic status quo and prevent a person from becoming dissatisfied and from Continue Reading
Why The Oil Industry Shouldn’t Fear Peak Demand
The OPEC drama is behind us (for now) with the cartel and its friends agreeing to a peak supply. But the topic that’s talked about behind the scenes in Viennese Continue Reading
Texas Update- November 2016
The railroad commission of Texas released September output data a few weeks ago and Dean Fantazzini made an estimate of the “corrected” data for crude plus condensate (C+C) and natural Continue Reading
Howling at the USGS’s Wolfcamp Announcement
In a November 15 press release , the United States Geological Survey (USGS) announced that there might be lot more oil in Texas than previously estimated: The Wolfcamp shale in Continue Reading