A Baker Hughes sign is displayed outside the oil logistics company’s local office in Sherwood Park, near Edmonton, Alberta, Canada November 13, 2016. U.S. energy companies this week added the Continue Reading
U.S. oil and gas producers increased drilling activity the most since April 2014 after OPEC agreed to its first production cut in eight years last month. The total number of Continue Reading
More than 150,000 jobs in the oil and gas sector in the U.S. have been cut since the start of the oil price crisis in mid-2014. In just the first Continue Reading
The resurgence of U.S. shale will undermine the OPEC-fueled price rally, capping oil prices at roughly $50 per barrel through 2017. That is the conclusion from the EIA’s latest Short-Term Continue Reading
Oilfield services spending for onshore shale will grow as a result of OPEC’s production cut, but offshore suppliers will struggle in 2017. The Organization of Petroleum Exporting Countries’ (OPEC) decision Continue Reading
Suhail Al-Mazrouei UAE’s Oil Minister Suhail al-Mazrouei said in a TV interview he did not expect any “significant growth” in shale oil output anytime soon, despite higher oil prices resulting Continue Reading
“If you don’t have your crews lined up by now, you’re not going to be able to complete your wells in Q1,” replied my oilfield service friend. “We’re fully booked Continue Reading
Growing sentiment Tuesday that the rally in crude oil prices will lead to more appetite for production helped put an end to an OPEC-fueled run for the bulls. Crude oil Continue Reading
Messages of support adorn the side of a tipi inside of the Oceti Sakowin camp as ”water protectors” continue to demonstrate against plans to pass the Dakota Access pipeline near Continue Reading
U.S. shale oil companies are using the post-OPEC rally to hedge their oil price risk for next year and 2018 above $50 a barrel, bankers, merchants and brokers said, pushing Continue Reading
