U.S. shale firms lift reserves while oil majors take Canada hit
Top shale oil producers are lifting their crude and gas reserve estimates for the first time in two years – even as many major oil companies are cutting the same Continue Reading
U.S. shale plots production growth despite OPEC’s warning
U.S. shale oil producers are plotting ambitious production growth outside the red-hot Permian Basin in Texas, widening a resurgence that could confound OPEC’s strategy to tighten global supplies. As shale Continue Reading
OPEC Offers Olive Branch To U.S. Shale
Anybody who is anybody in the world of oil is gathering in Houston this week for the IHS CERAWeek Conference, an annual get-together of top industry analysts, executives and government Continue Reading
Shale Billionaire Hamm Says Industry Binge Can ‘Kill’ Oil Market
Harold Hamm, the billionaire shale oilman, said the U.S. industry could “kill” the oil market if it embarks into another spending binge, a rare warning in a business focused on Continue Reading
Can U.S. Shale Fight Off Rising Costs?
Shale drilling has become a lot cheaper over the past three years, with new drilling techniques, efficiency gains and learning-by-doing helping to lower breakeven costs. The IEA says that U.S. Continue Reading
Shale Helped Offset Some Global Declines in Oil Production, OPEC Leader Says
Without the U.S. shale revolution, the global economy probably would have been mired in deep crisis, said Mohammad Barkindo, secretary-general of the Organization of the Petroleum Exporting Countries, on Tuesday. Continue Reading
Exxon’s $20 Billion Spending Plan Points to U.S. Energy Surge
Exxon Mobil Corp. plans to spend about $20 billion on refineries, petrochemical plants and other projects in and around the Gulf of Mexico, Chief Executive Darren Woods said Monday, underscoring Continue Reading
Shell accelerates plan to boost U.S. shale output: exec
Royal Dutch Shell is ramping its North American shale output earlier than planned to lock in quick returns from what has become one of its most profitable businesses, the head Continue Reading
Chesapeake CEO: Downturn Challenges Helped Oil, Gas Companies
Doug Lawler, chief at shale gas forerunner Chesapeake Corp., tells CERAWeek audience the commodity price downturn forced independent upstream companies to become stronger. The dramatic price downturn that bankrupted more Continue Reading
Oil And Gas IPOs Return Amid Oil Price Recovery
The oil price crash has left energy companies scrambling to shore up balance sheets and streamline costs. But the recent recovery of crude prices has instilled cautious confidence among oil Continue Reading