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Category: Oil Supply

Category:
  • Oil Supply

Global oil CEOs stress need for fossil fuels despite push for cleaner energy

A global energy conference devoted to future technologies and low-carbon strategies kicked off in Houston on Monday with top executives from energy companies affirming the need for more oil for Continue Reading

Posted On : 7 Dec 2021 Published By : Tom Whipple
Category:
  • Oil Supply

Halliburton says the world is entering a period of oil scarcity

Oilfield services firm Halliburton (HAL.N) on Monday said the world was headed for a period of oil scarcity following years of underinvestment in fossil fuel development. “I think that for Continue Reading

Posted On : 7 Dec 2021 Published By : Tom Whipple
Category:
  • Oil Supply

Halliburton Sees World Headed for Oil Scarcity Amid Spending Cut

Halliburton Co. , the biggest provider of fracking, warned that the world is headed into a period of scarcity for oil after seven years of underinvestment following crude’s plummet from Continue Reading

Posted On : 7 Dec 2021 Published By : Tom Whipple
Category:
  • Oil Supply

Biden Official Heckled by Oil Group After Urging Shale Boost

The Biden administration’s No. 2 energy official was heckled at an international oil conference after admonishing U.S. drillers to step up production in the industry’s de facto hometown. Deputy Energy Continue Reading

Posted On : 7 Dec 2021 Published By : Tom Whipple
Category:
  • Climate
  • Oil Supply

Banks Continue To Fund Fossil Fuels Despite Climate Pledges

Despite investor and societal pressure, banks worldwide continue to lend money and underwrite bonds issued by oil, gas, and coal companies, with bond deals in fossil fuels arranged by banks Continue Reading

Posted On : 7 Dec 2021 Published By : Tom Whipple
Category:
  • Oil Supply

Oil companies must step up in energy transition or fail financially: US deputy energy secretary

Highlights US sees more potential in nuclear Biden administration aims to invest more in carbon capture The world’s top oil and gas companies must embrace the ongoing energy transition and Continue Reading

Posted On : 7 Dec 2021 Published By : Tom Whipple
Category:
  • Shale Oil

West Texas freeze brings Permian Basin winterization push into focus

Highlights Midland, TX temps forecast to hit mid-20s F, Dec. 12 Critical operators ineligible for winterization exemption Wintry weather, forecast across West Texas over the next several days and this Continue Reading

Posted On : 7 Dec 2021 Published By : Tom Whipple
Category:
  • Climate
  • Shale Oil

Permian Drillers Told by Lawmakers to Disclose Methane Leaks

Oil producers in the Permian Basin must do more to disclose and stop the leak of methane, a powerful greenhouse gas, a House committee wrote in a letter to 10 Continue Reading

Posted On : 6 Dec 2021 Published By : Tom Whipple
Category:
  • Shale Oil

The Oil Price Crash Has Taught U.S. Shale A Valuable Lesson

The U.S. shale industry has learned some valuable lessons from the last two major oil price crashes U.S. shale drillers are expected to keep 2022 spending plans in check The Continue Reading

Posted On : 6 Dec 2021 Published By : Tom Whipple
Category:
  • Shale Oil

U.S. Rig Count Unchanged After Crazy Week In Oil Markets

There has been no net change to the number of active drilling rigs in the United States this week, according to Baker Hughes . The total rig count remains at Continue Reading

Posted On : 4 Dec 2021 Published By : Tom Whipple

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