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Energy / Crude Oil

Nigeria’s Oil Theft Epidemic

Jun 06, 2017 at 13:04 | Shadow Governance Intel

Although crude oil theft has long been the subject of intense media attention in Nigeria, the downstream theft of hydrocarbons has remained under the radar. Despite this, downstream hydrocarbon theft…

Can Canadian Crude Compete In Asia?

Jun 05, 2017 at 15:36 | Rakesh Upadhyay

Will the Canadian oil producers rake in higher prices for their crude oil if they sell to Asia? Is the U.S. unfairly discounting Canada’s heavy crude oil stream – the…

Worst Hurricane Season In A Decade Threatens Gulf Coast Production

Jun 02, 2017 at 17:04 | Nick Cunningham

2017 could be an “above-normal” year for large hurricanes, according to the National Oceanic and Atmospheric Administration (NOAA), a potential problem for Gulf Coast oil drillers and refiners. NOAA

Are Super Rigs The Driver Behind The New Shale Boom?

Jun 02, 2017 at 16:47 | Tsvetana Paraskova

Cost cuts and efficiency—the two key ingredients of the U.S. shale’s recipe for surviving the worst of the downturn—have led to drillers now employing a growing number of rigs capable…

Interest In Mexico’s Offshore Blocks Is Surging

Jun 02, 2017 at 15:50 | Oil & Gas 360

25 companies pre-qualified for upcoming lease sale The Comisión Nacional de Hidrocarburos (CNH), which will conduct the lease sale, has listed a total of 25 groups that have successfully pre-qualified…

You Didn’t Hear About It, But Every Oil Pro Is Watching This Gov’t Decision

Jun 02, 2017 at 09:32 | Dave Forest

It barely got any coverage in the press this week. But one of the biggest happenings in oil just came down, in a place everyone in the petro-world is looking…

Will Trump Push Back Against Putin’s Pipeline Play?

Jun 01, 2017 at 14:46 | Nick Cunningham

Russia’s natural gas strategy in Europe is getting increased scrutiny from some U.S. lawmakers who worry about European energy dependence on their eastern neighbor. However, a major pipeline is inching…

Will Self-Driving Oil Rigs Hit The Market Before Self-Driving Cars?

Jun 01, 2017 at 14:10 | Irina Slav

Last week, drilling contractor Helmerich & Payne bought Motive Drilling Technologies for up to US$100 million. The deal passed without much fanfare because of its size, perhaps, but it…

Oil Prices Rise As EIA Confirms Strong Draw To Crude Inventories

Jun 01, 2017 at 10:22 | Irina Slav

A day after the American Petroleum Institute played the fairy godmother to oil bulls by reporting a huge draw in U.S. crude inventories, the EIA reinforced the mood by…

Has Permian Productivity Peaked?

May 31, 2017 at 16:36 | Nick Cunningham

The U.S. shale industry might have just received a huge windfall with the nine-month extension of the OPEC cuts. Shale output was already expected to come roaring back this year,…

Will This Foreign Oil Giant Grab Iran's First Post-Sanctions Project?

May 31, 2017 at 10:23 | Dave Forest

Iran's newly-opened oil patch continues to gain momentum. With the UAE's Emirates National Oil Company saying this week it has paid $4 billion to Iran to settle a tab for…

Canadian Oil Sands Brace As Oil Majors Dump Shares

May 30, 2017 at 15:20 | Tsvetana Paraskova

Royal Dutch Shell and ConocoPhillips struck deals in March to sell Canadian oil assets to two Canada-based producers. In both deals, parts of the consideration for the transactions were shares…

Iran Signs Oil For Goods Deal With Russia: Breaks Free Of Petrodollar

May 29, 2017 at 09:50 | ZeroHedge

Iran signed an agreement with Russia under which it has broken free from the petrodollar, and will "sell", or rather barter crude oil to Russia in exchange for products. The…

Not OPEC, China Dictates The Oil Prices

May 26, 2017 at 17:09 | Nick Cunningham

The OPEC deal will lead to an ongoing tightening of the crude oil market, putting a floor beneath crude prices in the $50s per barrel in the second half of…

The Top 10 Nations Exporting Oil To The U.S.

May 26, 2017 at 16:53 | Oil & Gas 360

U.S. has brought crude oil from 80 nations into its refineries In the past 30 years, the U.S. has imported more than 91 billion barrels of oil, drawing from a…

Private Equity Is Jumping Into This Reemerging Oil Hotspot

May 26, 2017 at 10:56 | Dave Forest

I talked earlier this week about increasing private equity activity in the U.S. shale patch. And news the last few days shows energy PE is also growing in the…

Russian Energy Minister: Deeper Cuts Still On The Table

May 26, 2017 at 09:24 | Irina Slav

Deeper cuts to OPEC’s oil production are not out of the question, but their implementation will depend on how things unfold with the current OPEC agreement, Russia’s Energy Minister Alexander…

Can Private Investment Turn Mexico’s Ailing Oil Industry Around?

May 24, 2017 at 13:18 | Haley Zaremba

Five years after Mexican President Enrique Peña Nieto made campaign promises to open his country’s oil reserves to foreign interests, a private well been has drilled in Mexico for the…

Oil Prices Spike On Strong Crude Inventory Draw

May 24, 2017 at 09:47 | Irina Slav

A day before OPEC’s meeting in Vienna, where the cartel should announce officially the nine-month extension to its crude oil production cut deal, the Energy Information Administration added to optimism…

Is Canada’s Oil Production Ready For A Resurgence?

May 23, 2017 at 15:40 | Haley Zaremba

Last week two right-wing parties in Canada’s oil-rich Alberta province signed a tentative agreement to merge, creating a unified front to oppose the ruling New Democratic Party. The Progressive Conservative…

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