Shell greenlights Gulf of Mexico ‘Whale’ oilfield project
Royal Dutch Shell (RDSa.L) announced plans on Monday to develop a new oilfield in the Gulf of Mexico, its first major project to get the go-ahead since a Dutch court Continue Reading
US shale dealmaking wave is transforming the industry
A wave of dealmaking in America’s shale patch is intensifying, wiping out weak players and leaving the once-fractured sector in the hands of a new breed of “super independents”. More Continue Reading
U.S. Shale Is Scrambling To Reinvent Itself
Oil has dominated global economics and dictated the shape, terms, and function of the geopolitical map for nearly 200 years. While two centuries is the merest of blips on the Continue Reading
US crude draws likely resume amid stronger refinery runs, rising exports
Highlights Commercial crude stocks expected down 2.5 million barrels Refinery utilization likely up 0.8 point Gasoline, distillate stock draws likely extend US crude oil inventory draws likely resumed in the Continue Reading
Annual Reserve Revisions Part V: Oil Sands
Over this century the oil sands business has consolidated into three main players: CNRL, Suncor and Cenovus, all of which have shown considerable organic and total growth in reserves and Continue Reading
Baker Hughes USA Rig Count Gets Closer to 500
The USA rig count rose again this week. The U.S. rotary rig count is within striking distance of hitting the 500 mark, adding seven rigs to reach 491 this week, Continue Reading
Schlumberger’s profit beats forecast as margins soar on revenue gains
Schlumberger delivers optimistic outlook for North American and international oil markets Reports earnings of 30 cents per share, beating Wall Street estimates of 26 cents per share Operating margins almost Continue Reading
U.S. Rig Count Climbs As Oil Prices Recoup Losses
The number of oil and gas rigs in the United States is up 7 this week, according to Baker Hughes , which pegged the total rig count at 491, up Continue Reading
US oil, gas rig count jumps 24 to 604 amid recovery confidence from early Q2 calls
Permian Basin adds rigs: up 11 to 259 Oil jump likely caused recent rig adds 50-100+ more US rigs may start up in H2 The US oil and gas rig Continue Reading
U.S. Shale Sees Light At The End Of The Tunnel
The U.S. oil and gas sector is recovering from last year’s market slump. But unlike the previous boom-and-bust cycles, the industry has held off on boosting production and has focused Continue Reading