Crude oil prices moved lower…
Namibia wants to join OPEC…
China’s massive annual additions of…
U.S. oil producers contributed a record 7 million barrels of crude oil to international markets during the Week of February 5th, 2017, approximately one million barrels per day. This…
The race for using high-performance computing in oil and gas reservoir simulation, management and development is on. Oil and gas supermajors are continuously pushing for higher efficiency and lower costs,…
India continues to look for alternatives to oil imports as its auto sector, economy, and population continue to boom. India’s oil consumption growth reached a record-level 11 percent last…
Oil prices gained on Monday and Tuesday as both traders and analysts see crude markets tightening as a result of OPEC output cuts.
Two years ago, when Saudi Arabia launched an unprecedented campaign to crush high-cost oil producers, in the process effectively putting an end to the OPEC cartel (at least until last…
All OPEC producers that are part of the supply-cut deal are firmly determined to achieve a higher compliance rate than the 90-plus-percent compliance reported for January, OPEC’s Secretary General Mohammad…
Back from a great trip through Asia. Where one oil and gas contact told me how profits are surging — with Spanish major Repsol recently concluding that natural gas projects…
Oil prices are stuck in a holding pattern, waiting for more definitive data on what comes next. OPEC compliance is helping keep prices afloat, but rising U.S. oil production is…
In 1883, a railroad crew was drilling for water near Medicine Hat, Alberta, to supply their steam engines. Instead of water, they discovered shallow pools of natural gas. More than…
While the Permian field has enjoyed a continued boom, with a rising rig count and an increase in investment activity, other U.S. onshore shale and tight oil fields haven’t been…
While Canada and the U.S. ban Arctic drilling for oil and gas motivated by environmental concerns, and majors such as Shell pull out of their Arctic projects due to financial…
Russia’s gradual pivot to the Asia-Pacific region put a new spin on the nation’s exploration & development priorities. The Irkutsk region is emerging as one of the leading new hubs…
U.S. markets are closed today in observation of Presidents Day, but crude prices are still trucking on higher in thin electronic trading. Fun and games have been deferred until later…
Although global oversupply concerns continue to depress crude prices, producers in the Middle East and North Africa (MENA) region have invested around US$294 billion in oil, gas and petrochemicals projects…
The UAE may not be the first country that comes to mind when one thinks of space exploration, but it has big plans to colonize mars, and it’s got the…
Companies like Tesla, Uber and Google have sparked a lot of interest in the roll out of autonomous vehicles (AVs), or driverless cars, and while it is still early days,…
The Saudi-led OPEC cuts may have supported oil prices and reduced market volatility, but they have also opened the door wide to rival crude grades flowing into the most prized…
Looking to spur business activity in Scotland for decom projects Scotland’s First Minister has launched a new £5 million fund that will provide opportunities for the supply chain in Scotland…
Renewable energy may have finally found its moment. Amid reports of solar power that is cheaper than any other energy source and massive investments in wind power across the mid-West,…
In a recent edition of his widely-followed newsletter (The Gartman Letter, 7 February 2017), commodities king Dennis Gartman observed that, “As of mid-week last week, the hedge fund community was…