Consolidation is a troubled industry’s best friend—and last year’s crisis in oil and gas brought about by the pandemic was no exception. Mergers and acquisitions started later than they normally Continue Reading
Crude oil prices inched higher today after the Energy Information Administration reported a crude oil inventory draw of 7.9 million barrels for the week to July 9. The report was Continue Reading
Every year and following the publication of the BP Statistical Review, Rystad Energy releases its own assessment to provide an independent, solid and clear comparison of how the world’s energy Continue Reading
U.S. shale oil production will increase by a modest 42,000 bpd in August, according to the Energy Information Administration. In its latest Drilling Productivity Report , the EIA forecast that Continue Reading
American drillers have restored less than 20% of the oilfield services jobs lost due to the pandemic, with companies favoring investor returns over boosting output, according to a trade group. Continue Reading
Crude output from seven major shale formations is expected to rise by 42,000 bpd in August, to 7.907 million bpd, compared with a 28,000 bpd rise in July, according to Continue Reading
Houston, the epicenter of America’s oil industry, needs to embrace the shift to cleaner energy to secure its economic future, one of the city’s top oil bankers says.”If Houston wants Continue Reading
The Drilling Productivity Report (DPR) rig productivity metric new-well oil/natural gas production per rig can become unstable during periods of rapid decreases or increases in the number of active rigs Continue Reading
Highlights Refinery utilization seen higher, distillate stocks likely up Crude exports seen around 2.9 million b/d: Platts Analytics Gasoline demand expected to soften The weekly streak of US crude oil Continue Reading
U.S. oil and gas mergers surged last quarter with the most $1 billion-plus combination since 2014, according to data released on Monday, as rising energy and share prices led to Continue Reading
