Morgan Stanley says hedging may be highest so far this year OPEC effectively threw ‘lifeline’ to shale producers, BNP says Independent oil companies are using the post-OPEC rally to hedge Continue Reading
The Emergency Operation Centre (COE) in Santo Domingo, monitors the path of Hurricane Matthew on Oct. 3. Statoil plans to evacuate personnel before storm arrives About 33 million barrels of Continue Reading
Eagle Ford output is difficult to estimate as there are 20-25 separate fields that need to be followed to get a full picture. To save time, I have used Enno Continue Reading
In this post I present developments in world crude oil (including condensates) supplies since January 2007 and per June 2016. Further a closer look at petroleum demand (consumption and stock Continue Reading
If you ever find yourself at a cocktail party with a bunch of oil executives, one phrase is a guaranteed mood-killer: “reserve replacement.” Not merely awkward to say, it is Continue Reading
Despite OPEC’s decision on Wednesday to scale back production, the oil trade bloc will produce oil at record rates in September, according to the results of an industry survey conducted Continue Reading
A pumpjack brings oil to the surface in the Monterey Shale, California, U.S. April 29, 2013. U.S. crude oil production fell 20,000 barrels per day in July to 8.69 million Continue Reading
Oil workers Oil supermajors have come to realize that shrunk capex plans will make their exploration efforts profitable in lower-cost, lower-risk areas, and have changed drilling tactics to the ‘less Continue Reading
North Dakota shale activity slowly increasing, though some players are still waiting around for oil to hit $60 per barrel, state official said. Photo by David Gaylor/Shutterstock BISMARCK, N.D., Sept. Continue Reading
A potential rerouting of a long-anticipated pipeline at the center of a protest in North Dakota would be a laborious and costly task, possibly delaying a startup by months and Continue Reading
