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Big Oil’s Carbon Capture Conundrum

Big Oil’s Carbon Capture Conundrum

Energy experts and environmentalists express…

Texas Deepwater Oil Export Projects Stall

Texas Deepwater Oil Export Projects Stall

Four projects were planned offshore…

Energy / Crude Oil

Wall Street’s Favorite Shale Stocks

Apr 02, 2018 at 17:16 | Nick Cunningham

Caution, capital discipline, cash flow, shareholder returns – these buzzwords are thrown around a lot these days, much more so than details about aggressive production growth. After years of a…

The Bakken Is Booming Once Again

Apr 02, 2018 at 16:36 | Tsvetana Paraskova

The Permian has been stealing headlines and analyst attention over the past year, and rightly so, as it’s the only U.S. shale play that continued to grow even when all…

Iraq Approves Oil Production Capacity Boost

Apr 02, 2018 at 09:42 | Irina Slav

Baghdad has approved an increase in Iraq’s crude oil production capacity to as much as 6.5 million bpd by 2022. This compares to a current production capacity of below…

An Oil Price Rally Is Likely

Mar 30, 2018 at 16:08 | Nick Cunningham

Oil prices seesawed at the start of the week before jumping close to multi-year highs on geopolitical concerns, with Brent hitting $70 and WTI at $65. However, geopolitical pressure is…

The Struggle Continues For Bankrupt Shale Drillers

Mar 29, 2018 at 17:46 | Irina Slav

Remember the wave of bankruptcies that hit shale E&Ps and oilfield services providers in the shale patch between 2015 and 2017? Over those two years, more than 120 oil and…

New Oilfield Capex To Surpass $800 Billion By 2025

Mar 29, 2018 at 14:05 | Tsvetana Paraskova

Capital expenditure on upcoming oil and gas fields worldwide will amount to US$811 billion on 615 projects planned between 2018 and 2025, data and analytics company GlobalData says. In…

U.S. Petroleum Imports Could Fall To Zero In 2020

Mar 29, 2018 at 10:43 | Robert Rapier

In 2006, following 35 years of declining U.S. oil production, net monthly imports of crude oil and finished products had climbed to more than 13 million barrels per day (BPD).…

Mexico May Have Just Held Its Last Oil Auction

Mar 28, 2018 at 08:50 | Damir Kaletovic

In what may be Mexico’s last oil auction amid a possible presidential election shakeup, the Mexican authorities on Tuesday auctioned off 35 oil and gas areas, awarding its first blocks…

The Invisible Sweet Spot For Big Oil

Mar 27, 2018 at 16:59 | Tsvetana Paraskova

Big Oil showed in its latest earnings that it has adapted to the lower-for-longer oil prices and is now making nearly as much profit as it did when oil prices…

Permian Drillers Prepare For Double-Digit Cost Jump

Mar 27, 2018 at 14:27 | Tsvetana Paraskova

U.S. shale companies expect a double-digit cost increase in services across the oil patch, and the Permian in particular, as the industry recovered from the downturn and is now growing…

Offshore Oil Closes In On Shale

Mar 27, 2018 at 12:52 | Irina Slav

Offshore crude oil extraction, including deepwater, is closing in on shale in terms of cost thanks to new production technologies, a senior Chevron executive said at an industry event, as…

China's Oil Futures Launch With A Bang

Mar 26, 2018 at 08:59 | Irina Slav

China’s yuan-denominated crude oil futures launched today in Shanghai with 15.4 million barrels of crude for delivery in September changing hands over two and a half hours—the length of…

What Trump's New Appointment Means For Oil Prices

Mar 23, 2018 at 17:53 | Nick Cunningham

President Trump fired his National Security Advisor H.R. McMaster on Thursday and replaced him with a staunch proponent of war. The appointment significantly raises the odds of a clash…

U.S. Oil Interests In Jeopardy If Key NAFTA Provision Is Removed

Mar 23, 2018 at 17:52 | Irina Slav

A group of more than 100 GOP Senators and House Representatives has called on President Trump to keep investor protection provisions in NAFTA intact. Otherwise, the group says, U.S. investments…

Can The Gulf Of Mexico Break Its Oil Production Record?

Mar 23, 2018 at 17:52 | Ron Patterson

2017 was the highest producing year for oil in the GoM and included the record month in March. Gas, which has tended to come from shallow water wells, had accelerated…

OPEC Curbs Oil Shipments To U.S. Refiners

Mar 22, 2018 at 08:49 | Zainab Calcuttawala

U.S. refiners are receiving smaller shipments of oil from members of the Organization of Petroleum Exporting Countries (OPEC) due to the bloc’s production cut agreement, according to a new report…

North Sea Oil Has Escaped Its Death Spiral

Mar 21, 2018 at 17:21 | Nick Cunningham

The oil industry is expected to increase spending in the North Sea and the number of projects that could receive a greenlight is set to rise this year for the…

OPEC Might Move Goalposts On Output Cut Deal

Mar 21, 2018 at 08:59 | Tsvetana Paraskova

Delegates from OPEC and its non-OPEC allies discussed this week potentially changing the metric they use to measure the success of the production cut pact, with most proposals shifting the…

Big Oil’s Trillion Dollar Data Battle

Mar 20, 2018 at 15:41 | Tsvetana Paraskova

The faster oil services firms and oil exploration companies adopt digitalization, the more data they generate with every well they drill and every digital map of oil resources they create—but…

Trafigura Leads The U.S. Oil Export Boom

Mar 20, 2018 at 12:48 | Tsvetana Paraskova

One of the world’s biggest commodity traders, Trafigura, was the largest exporter of U.S. crude oil and condensate over the past year, its CEO Jeremy Weir said on Tuesday.…

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