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Energy / Crude Oil

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What’s In Store For U.S. Shale Oil?

Mar 10, 2017 at 13:25 | Ron Patterson

(Click to enlarge)The future output from the light tight oil (LTO) sector of the U.S. oil industry is the subject of much…

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The Bakken Gets A Second Wind

Mar 10, 2017 at 11:45 | Ron Patterson

North Dakota has published January production data for the Bakken and for all North Dakota. (Click to enlarge)Bakken…

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Iran And Iraq To Ramp Up Oil Production Despite OPEC Cuts

Mar 09, 2017 at 17:54 | Rakesh Upadhyay

Though OPEC has managed to achieve a high standard of compliance, it has mostly been due to the oversized cut by the largest member of the group—Saudi Arabia. Meanwhile,…

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U.S. Refiners Look Abroad As Domestic Competition Increases

Mar 09, 2017 at 15:01 | Irina Slav

U.S. oil refiners are going global. That’s the message that has been coming from the industry over the past year when a lot of refining capacity abroad was shut down…

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Harold Hamm: U.S. Shale Spending Binge Could Destroy Oil Market

Mar 09, 2017 at 10:35 | Tsvetana Paraskova

In a rather unconventional warning, Continental Resources chief executive Harold Hamm said on Wednesday that should the U.S. oil industry embark on another spending spree, it could “kill” the market.…

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Shell Sells Almost All Canadian Oil Sands Assets

Mar 09, 2017 at 09:30 | Irina Slav

Shell has struck a deal to sell all its oil sands production assets in Canada, except for a 10-percent stake in the Athabasca Oil Sands Project, as part of…

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This Mysterious Oil Company Just Got A License To Drill In Crimea

Mar 08, 2017 at 16:57 | Irina Slav

A mysterious company called Novye Proekty has been awarded an oil and gas exploration license for the Crimean Black Sea shelf, and the Kremlin’s spokesman is directing questions about…

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Can U.S. Shale Fight Off Rising Costs?

Mar 08, 2017 at 16:56 | Nick Cunningham

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.…

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Is This Argentinian Shale Play The Next Permian?

Mar 08, 2017 at 16:28 | Viktor Katona

Having inked a $300 million investment deal with the Argentinian YPF, Shell reiterated its claim to join the ranks of the various oil & gas majors engaged in tapping the…

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Saudi Arabia’s Secret Meetings With The World’s Largest Oil Traders

Mar 08, 2017 at 14:18 | ZeroHedge

Something unprecedented happened last November when OPEC sat down in Vienna to hammer out the final terms of its oil production cut deal (which, incidentally, has yet to translate into…

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