Oil market rebalancing could take until end 2017: Shell
The huge global oil oversupply that has weighed on prices for the past two years may not clear until the second half of 2017, Shell’s chief energy adviser Wim Thomas Continue Reading
Oil Discoveries at 70-Year Low Signal Supply Shortfall Ahead
New finds at lowest since 1947 and headed even lower: WoodMac Explorers replacing just 6% of resources they drill: Rystad Explorers in 2015 discovered only about a tenth as much Continue Reading
Is An OPEC Production Freeze Even Remotely Possible?
Oil Rig Oil prices enjoyed a bump last week, thanks in part to a weakened dollar and some geopolitical tensions in the Persian Gulf. But a large factor in the Continue Reading
Shell to Sell Gulf of Mexico Oil Assets for $425 Million
Royal Dutch Shell Plc agreed to sell its Brutus/Glider operation in the Gulf of Mexico for $425 million as Chief Executive Officer Ben Van Beurden seeks to resuscitate an explorer Continue Reading
Fracking Measures Won’t Go Before Colorado Voters in November
Two measures to allow Colorado communities to ban hydraulic fracturing failed to garner enough voter support to make the fall ballot, the most high-profile defeat to date for groups aiming Continue Reading
Why Wall Street Is Throwing Billions At The Permian
The collapse of oil prices has ground shale drilling to a halt, but the one region where drilling is still active, and even increasing, is in West Texas. The Permian Continue Reading
About 11% of US Gulf of Mexico oil output shut-in as storm threatens area: BSEE
About 11% of US Gulf of Mexico oil production has been shut-in as operators evacuate platforms in the possible path of a tropical depression expected to pass through the Central-Eastern Continue Reading
Colorado Drillers Dodge $10 Billion-a-Year Threat to Output
Citizen proposals didn’t get enough signatures, state says Synergy Resources jumped most in more than seven months Oil and natural gas explorers from Anadarko Petroleum Corp. to Synergy Resources Corp. Continue Reading
BLOG: Focus on Greater Efficiency Can Address Fracking Concerns
Addressing operational inefficiencies can not only save the oil and gas industry money, but reduce the environmental impact of fracking on air quality. Operational inefficiencies have been a major topic Continue Reading
What Hubbert And Pickens Got Right About Oil, And What’s Next
When a barrel of crude oil hit $145 in July of 2008, no one predicted that 8 years later it would be trading at less than $50. T. Boone Pickens Continue Reading