OPEC Output Jump Highest Since 2008
Offshore rig OPEC countries produced 32.44 million barrels per day of oil in April, indicating a 188,000 bpd increase over the month before, while forecasting that the supply glut will Continue Reading
Colorado touts leadership in methane rules
Federal rules on emissions tied to the oil and gas industry follows an example set by state regulators in shale-rich Colorado, the state’s governor said. The federal government released new Continue Reading
Brutus platform crude oil leak sees Shell shut-in US Gulf wells; Mars, Poseidon firm
Shell shut-in production from all wells connected to its Brutus platform in the US Gulf of Mexico Thursday after a leak was detected, leaving a two-mile by 13-mile sheen on Continue Reading
Crude soothsayers should recall cautionary tale of ‘Peak Oil’
This week at the annual conference in Montreal of the CFA Institute, a professional body for investors, there were some grand narratives about the future of oil. They should be Continue Reading
Global Oil Glut to Shrink Despite Iranian Output Surge, IEA Says
A unit of South Pars Gas field in Asalouyeh Seaport, Iran. The Islamic Republic lifted… Iran’s oil production has risen faster than expected, reaching levels not seen since before Western Continue Reading
Global oil and gas job losses: 350,000 and counting
A total of 351,410 jobs have been slashed by oil and gas production companies worldwide, with the oilfield services sector bearing much of this burden, according to a new report Continue Reading
More oil services back online in fire-ravaged Canada
More facilities were returning to normal in the Fort McMurray area of Alberta, with Enbridge the latest to return some infrastructure to regular service. Enbridge crews confirmed two of its Continue Reading
EPA Issues Final Rules Cutting Oil, Natural Gas Methane Emissions
The Environmental Protection Agency on Thursday issued the first-ever federal standards aimed at curbing methane emissions from the oil and natural gas industry, the latest in a series of regulations Continue Reading
Crude-Oil Production Drops Again in North Dakota
The Bakken formation is one of the highest-cost sources of U.S. oil production. Shown, workers… North Dakota crude-oil production fell for the fourth month in a row, dropping about 1% Continue Reading
Oil Sands Slowly Coming Online Again, But Thermal Projects Face Risks
Tar Sands As the fire continues to rage, now moving to more sparsely populated areas, oil sands producers who saw some 1.3 million barrels per day taken offline are now Continue Reading