Canada oil sands output to grow 42 percent by 2025: report
Canada’s oil sands production will grow by 42 percent to 3.4 million barrels per day by 2025, most of which will come from the expansion of existing facilities rather than Continue Reading
Goldman Is Gloomy on Prospect of Major CapEx Rebound Post-Brexit
Goldman Is Gloomy on Prospect of Major CapEx Rebound Post-Brexit Expects muted improvement after weak first half of 2016 Brexit aftershock, low potential growth a drag on investment Capital spending Continue Reading
Rig Count Down By Three After Three Week Rally
The number of active U.S. oil rigs dipped by 7 this week, after increasing by 9 last week, and 3 the week before. Natural gas rigs were up by 4 Continue Reading
Bad News For Glut As US Offshore To Hit Record In 2017
Offshore Oil Rig Companies pumping oil from the Gulf of Mexico will ramp up production in coming months, propping up American output, despite efforts to curb production and raise barrel Continue Reading
Oil Patch ‘Left for Dead’ Will Spark New IPOs for US Explorers
As the oil industry emerges from the biggest bust in three decades, shale drillers in a neglected corner of the biggest U.S. oil field are poised to take a new Continue Reading
Potash Price Surge Could Lead To Higher Food Costs For Billions
We are on the precipice of a food fight among 7 billion people, and potash will be right at the center of it. If you can add 200,000 people every Continue Reading
U.S. Oil Companies Crank Up Production in Gulf of Mexico
Oil companies are pumping more crude off the U.S. coast in the Gulf of Mexico, a surprising trend that shows the resilience of the nation’s energy industry. Despite the worst Continue Reading
U.S. Shale Producers Just Won Their Biggest Legal Case In Years
Fracking is once again becoming a hot topic in the oil and gas world., with Germany moving Tuesday to impose an indefinite ban on the unconventional drilling technique. But in Continue Reading
White House to defend fracking authority
White House spokesman Josh Earnest said the federal government would continue pressing its authority over hydraulic fracturing in the courts. From Wyoming, U.S. District Judge Scott Skavdahl found the federal Continue Reading
The Oil Glut Is Over, Says World’s Most Powerful Oil Man
Newly appointed Saudi Oil Minister Khalid Al-Falih declared the oil glut over during a visit to Saudi Aramco facilities in Houston, Texas, today. Speaking to the Houston Chronicle about the Continue Reading