How Big Oil Loses Even Without Peak Demand
The first rule of making projections out to 2040 is to recognize the fact that you’ll almost certainly be wrong. After all, think about doing the same thing back in Continue Reading
Oil Slides As U.S. Rig Count Surges Most In 16 Months
Baker Hughes reported an astonishing 20-rig gain this week to the number of active oil and gas rigs in the United States for its November 18th reporting period, bringing the Continue Reading
Obama’s Offshore-Oil Plan Forces Drillers to Focus on U.S. Gulf
Five-year schedule of lease sales leaves out Arctic, Atlantic Environmentalists have pressed for permanent protections The Obama administration’s decision to forgo auctions of new oil and gas drilling rights in Continue Reading
WoodMac: 50% of Oil Majors’ Production could be Hit with Carbon Costs
Up to 50% of oil majors’ production could be hit with carbon costs over the next decade, if the countries and regions that currently price carbon extend their policies to Continue Reading
ECONOMICS KEY FOR US CRUDE IMPORTS
Asian refiners are hopeful that US President-elect Donald Trump’s policies might boost US crude production and back out imports, leading to an increase in available crude supply halfway around the Continue Reading
Texas’ Wolfcamp shale reserve may be largest ever assessed in U.S.
With optimism building around Texas shale, regional economists gather in Houston to assess current market conditions. Photo by Calin Tatu/Shutterstock HOUSTON, Nov. 17 (UPI) — With renewed focus on Texas Continue Reading
GE, Maersk team up on drilling technology
A new data-driven drilling program could increase the productivity of operations for Danish company Maersk, a marine division of GE announced. GE said it was working with Maersk Drilling on Continue Reading
Why The Permian Just Got Even Hotter
Fracking rig The U.S. Geological Survey just published an assessment of oil reserves for a section of the Permian Basin, revealing the largest estimate of continuous oil that the agency Continue Reading
IEA expects U.S. shale output rise if OPEC pushes oil to $60
U.S. shale oil producers will increase their output if oil prices hit $60 a barrel, meaning OPEC will have to walk a fine line if it curtails production to prop Continue Reading
Oil-rich Texas takes closer look at earthquakes
With neighboring Oklahoma recording almost daily seismic events, an official in oil-rich Texas said he was looking closer for risks associated with energy. Oklahoma recorded 20 seismic events in the Continue Reading