December 2015 – January 2016 Update The U.S. Energy Information Administration (EIA) estimates that global oil inventories grew by an average of 1.7 million barrels per day (b/d) in December Continue Reading
Shale oil production in the United States will decline in the long-term and reach its peak by 2020, the head of Russian state-run oil company Rosneft said on Wednesday. “Shale Continue Reading
Predictions that oil production would soon top out flooded the airwaves, stoking fears of a global oil shortfall and fueling speculation of prices at hundreds of dollars a barrel. “People Continue Reading
Rystad Energy , an independent oil and gas consulting services and business intelligence data firm in Oslo, Norway, has online, a wealth of information concerning upstream oil production projects and Continue Reading
Rig company Transocean said Monday its contract for the Discoverer Deep Seas rig in the Gulf of Mexico was canceled nine months early. Murphy Oil Corp. was leasing the deepwater Continue Reading
Lower crude oil prices continued to pressure upstream operations in North Dakota as the state shed two rigs since last week, state data show. The state government shows 42 rigs Continue Reading
Oil production will fall by 92,000 b/d from February to March in key US onshore plays, the US Energy Information Administration said Monday. The biggest forecast drop will be in Continue Reading
Oil at $30 a barrel is blowing a hole in the insurance that U.S. shale drillers bought to protect themselves against a crash. Companies including Marathon Oil Corp., Noble Energy Continue Reading
About 150 oil and gas companies tracked by energy consultant IHS Inc. may go bust as a supply glut pressures prices and punishes revenues. The number of companies at risk Continue Reading
Shale patches in the U.S. are pumping out more oil and gas than the government previously thought. A total 184,000 barrels a day of shale oil output were added to Continue Reading
