Big Oil Is Fighting For Clean Fossil Fuels
It may seem counterintuitive, but a majority of oil majors believe a successful energy transition will require an increase in fossil fuel production While each oil major differs in its Continue Reading
Democrats want to prevent new oil and gas drilling in most U.S. waters. Their plan might work. – The Washington Post
A slew of climate provisions in Democrats’ roughly $2 trillion social spending bill face an uncertain future in the Senate. But there’s one big exception: limits on offshore oil and gas drilling. Continue Reading
U.S. crude stocks down, fuel inventories higher – EIA
U.S. crude stocks fell while gasoline and distillate inventories rose as demand weakened in the most recent week, the Energy Information Administration (EIA) said on Wednesday. Oil and fuel inventories Continue Reading
Shale Drillers to Lift U.S. Spending 19% Next Year, Rystad Says
U.S. shale oil producers will increase capital spending by nearly a fifth next year as they deploy more rigs and inflation bites, according to Rystad Energy AS. Expenditures will rise Continue Reading
U.S. Shale Industry To Spend $83 Billion In 2022
US shale expenditure is projected to surge 19.4% next year Eagle Ford, Niobrara and Anadarko regions are anticipated to beat nationwide average spending growth Service price inflation alone is set Continue Reading
Timing of US SPR release will factor in oil market volatility, price at pump: US DOE official
Highlights SPR release plans could change if prices drop: Turk China, other countries may also base releases on oil prices GOP senators introduce bill putting limits on ability to tap Continue Reading
Rystad: US shale spending to jump 19% in 2022, topping $83 billion
Rystad Shale Capex US shale expenditure is projected to surge 19.4% next year, up from an expected $69.8 billion in 2021 to $83.4 billion, the highest level since the onset Continue Reading
EIA: US crude inventories down 900,000 bbl
US crude oil inventories for the week ended Nov. 26, excluding the Strategic Petroleum Reserve, decreased by 900,000 million bbl from the previous week, according to data from the US Continue Reading
Chesapeake eyeing Eagle Ford growth
The leaders of Chesapeake Energy Corp. plan to ramp up activity in Texas’ Eagle Ford basin in 2022 as part of an investment plan they expect will contribute to forecasted Continue Reading
Drilling Is Picking Up In The U.S. Shale Patch
Drillers have focused on completing DUCs during the last couple of months Completion of DUCs has largely helped the record cash flows of the shale patch this year Shale drillers Continue Reading