Almost half of new U.S. oil from fracking
Nearly half of the oil produced in the United States came as a result of hydraulic fracturing last year, the U.S. Department of Energy said. The department’s U.S. Energy Information Continue Reading
Obama Bars Atlantic Offshore Oil Drilling in Policy Reversal
An oil platform stands in deep water off the Brazilian coast. The Obama administration is reversing course on opening Atlantic waters to a new generation of oil and gas drilling, Continue Reading
Oil Output Negotiations Hit Obstacles
Big oil producers have been negotiating for weeks on a deal to limit crude output in the hope of raising oil prices. Now their talks are hitting obstacles. Countries including Continue Reading
Russia eyes global deal on oil output in April, Iran seen exempt
A global deal to freeze oil production could be signed in April and exclude Iran, which has the right to boost output after years of sanctions, Russian energy minister Alexander Continue Reading
Cost-Cutting Shale Drillers Limit Potential for Oil Rally: Chart
If Oil Prices Have Hit Bottom, the Top May Not Be Too Far Away The top of the oil market may be closer than you think. With Brent futures having Continue Reading
North Dakota rig count continues to sink
Despite last week’s rally in crude oil prices, North Dakota continued to witness a decline in exploration and production activity, state data show. The state government reports 32 rigs engaged Continue Reading
Debt deadlines loom for SandRidge, Venoco and Energy XXI
The first major upstream oil and gas bankruptcy filing of the year could occur this week as SandRidge Energy Inc, Venoco Inc [DNVRPV.UL] and Energy XXI Ltd reach the end Continue Reading
The implications of peak energy
Our current society is one based on whim. Whatever we want can be had if we have the money. Not only can we have what we want any time we Continue Reading
The US Is Pumping All This Oil, So Where Are The Benefits?
The U.S. has ramped up oil production so dramatically that it’s joined Saudi Arabia and Russia as one of the world’s largest producers. Just glance at the chart below. Since Continue Reading
Turning to frack tech, stricken U.S. oil drillers test new limits
Fifty-stage frack jobs. Fifteen-foot cluster spacing. More than 2,000 pounds of proppant concentrate per foot. Top U.S. shale producers are pushing fracking technology to new extremes to get more oil Continue Reading