Rise in oil driving demand in skills-short roles, analysis reveals
At a time when demand for oil and gas is close to reaching a historical peak of 100 million barrels a day, meeting this demand is now under threat due Continue Reading
U.S. oil drillers cut rigs for first week in four: Baker Hughes
The U.S. oil drilling rig count declined this week for the first time in four weeks, although the rig count held close to its highest in over three years as Continue Reading
Chevron grows Permian production 80% year-on-year in Q3
Permian output rises to 338,000 boe/d Attributes high growth to well design tweaks, high-density fracs Chevron USGC oil export capacity to triple in early 2019 Houston — Chevron’s production from Continue Reading
US Adds Thousands of Oil and Gas Jobs in October
Newly released data from the BLS reveals that October continued the trend of adding jobs in the sector. The U.S. added 5,000 mining jobs for the month of October, according Continue Reading
Can U.S. Shale Overcome Its Cash Flow Problem?
I’m tempted to say the following to the writers of two recent pieces ( here and here ) outlining the continuing negative free cash flow of companies fracking for oil Continue Reading
Oilfield Service Companies May Struggle To Pay Debt
The oilfield service sector has been on the path of recovery from the 2014 industry downturn, but just when the industry says things are starting to look up, Moody’s has Continue Reading
U.S. Oil To Significantly Outperform This Year
On the morning of publication of the EIA-914 and EIA PSM reports today (October 31), providing US monthly oil production data for August 2018, Rystad Energy analysis indicates that the Continue Reading
Bakken sees record-breaking oil output in Q3: producers
Top Bakken producers this week reported record-breaking crude oil output in the third quarter and announced plans to ramp up production in the play. Hess produced 118,000 b/d of oil Continue Reading
Anadarko to base 2019 capex on $50/b oil: CEO
Anadarko Petroleum will continue using a $50/b oil price assumption in 2019, the company’s CEO said Wednesday, even though current US prices are about 30% above that level. Receive daily Continue Reading
Peak Shale: Is the US Fracking Industry Already in Decline?
In 2016, lower oil prices led to an overall drop in production for shale companies, which use horizontal drilling and fracking to extract oil and gas from shale formations such Continue Reading