The One Thing That Could Derail The U.S. Oil Boom
Two South Korean refiners have canceled the delivery of U.S crude oil cargoes that were due to arrive in January and February this year, Bloomberg reported earlier this week. It Continue Reading
US oil, gas rig count continues downward slip, falls 6 on week to 1,077
Permian saw 3-rig drop after a few weeks of gains E&Ps will likely stick to capex despite higher oil prices Houston — Receive daily email alerts, subscriber notes & personalize Continue Reading
Dallas Fed: Energy Sees Modest Activity Increases in 1Q 2019
The quarterly survey of executives from E&P and oilfield services firms in the 11th District reveals a quarter-over-quarter increase in the business activity index. Activity in the energy sector increased Continue Reading
Next US Shale Wave Will Need Fewer Heads, Different Skills
U.S. shale oil and gas explorers are once again in the limelight, following the International Energy Agency’s forecast that a “second” shale revolution was on the horizon. The next wave would Continue Reading
US official says shale boom has fueled support for Israel
The US shale boom has made it possible for the Trump administration to take stronger positions in support of Israel, including recognizing its sovereignty over the Golan Heights because it Continue Reading
Texas Needs 11,000 More Miles Of Pipelines
Texas will need an additional 10,950 miles of oil and gas pipelines to accommodate rising production over the years to 2050, an IHS Markit study quoted by S&P Global Platts Continue Reading
Shale’s Growing Pains Could Curb US Oil Production
The dramatic ramp-up in U.S. shale production is running into a combination of issues that threaten to slow the pace of expansion. (Bloomberg) — The dramatic ramp-up in U.S. shale Continue Reading
Schlumberger Won’t Take New Full-Oilfield Management Projects
Oilfield services provider Schlumberger will focus on monetizing existing full-field production management contracts in the near to medium term and will not undertake new such deals in the meantime, chairman Continue Reading
What Norway’s Decision To Divest Means For US Shale
After months of deliberations, Norway’s government proposed in March that the country’s US$1-trillion fund—the world’s biggest sovereign wealth fund—divest from oil and gas exploration companies. The move by the fund, Continue Reading
U.S. oil drillers cut rigs for fifth week in a row: Baker Hughes
(Reuters) – U.S. energy firms this week reduced the number of oil rigs operating for a fifth week in a row to its lowest in nearly a year as independent Continue Reading