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Energy / Crude Oil

Subsea Production: The Next Big Trend In Offshore Drilling

Nov 07, 2014 at 10:58 | Editorial Dept

The oil industry has steadily moved deeper and deeper offshore to tap oil reserves in harder to reach places. This trend is a function of depleting reserves of easy oil,…

Election Results Good News For Keystone XL Pipeline

Nov 06, 2014 at 16:49 | Andy Tully

The US Republican Party has reason to celebrate Tuesday’s victories at the polls. Not only will they now control both the Senate and the House of Representatives when Congress reconvenes…

Saudi Cut In Oil Price For US May Lead To Price War

Nov 05, 2014 at 16:52 | Andy Tully

Saudi Arabia’s move to cut the cost of its oil to US customers has injected fear into the oil markets, bringing the price of OPEC crude below $80 and suggesting…

U.S. Petroleum Supply Update – Latest EIA Numbers

Nov 04, 2014 at 17:39 | Ron Patterson

The EIA just released their Petroleum Supply Monthly where they give their estimates of US crude production as well as the crude production for all states and territories through…

Global Oil and Other Liquid Fuels Production Update

Nov 03, 2014 at 16:53 | Euan Mearns

•    Global conventional crude oil + condensate production (C+C) attained a value of 73 million barrels per day (Mbpd) in May 2005. Since then conventional C+C has been bumping along…

Drilling In ANWR Likely To Resurface If GOP Wins Congress

Oct 31, 2014 at 15:53 | Chris Dalby

The Republican Party has a very clear vision for America’s energy independence, which could become America’s vision for energy independence if polls suggesting the GOP will take control of the…

Ohio Governor Hoping To Amend “Outrageous” Drilling Tax

Oct 31, 2014 at 15:43 | Nick Cunningham

With U.S. midterm elections just days away, one Republican state governor is coasting to re-election despite promising to aggressively push for higher taxes on the oil and gas industry.

US Shale Winners And Losers

Oct 31, 2014 at 10:39 | Dan Dicker

US Shale Winners And LosersThis column starts my series on $80 oil and US shale winners and losers. My working thesis is that although oil’s drop…

China Filling Strategic Reserve With Cheap Oil

Oct 30, 2014 at 18:40 | Nick Cunningham

With oil prices at new modern lows, China is seizing the opportunity to stock up.The Wall Street Journal reports that a division of China National Petroleum Corporation (CNPC)…

Shell Needs Five More Years In The Arctic

Oct 30, 2014 at 17:56 | Climate Progress

The damaged Royal Shell Dutch drilling barge Kulluk is loaded onto a transport ship in Unalaska, Alaska, on March 19, 2013.CREDIT:…

Four More Years Of Pain For Petrobras

Oct 28, 2014 at 17:23 | Nick Cunningham

Brazil’s incumbent President Dilma Rousseff pulled off a victory on Oct. 26 in a runoff election, and the markets are not too happy about it. As recently…

OPEC & Russia’s Vulnerability and America’s Ingenuity

Oct 24, 2014 at 17:51 | Chris Pedersen

Through iteration, experience, and innovation, North America is producing oil cheaper. According to IHS, the median North American shale needs a crude price of $57 a barrel to break even…

Saudi Arabia: Producing More Crude, Selling Less?

Oct 24, 2014 at 17:37 | Andy Tully

Media reports are quoting an anonymous source as saying Saudi Arabia, the world’s leading oil exporter, supplied foreign and domestic customers with less crude during September even though its oil…

How Wall Street Is Killing Big Oil

Oct 21, 2014 at 17:27 | Yale Global

Investors force big private energy companies into liquidation; energy dominance shifts to emerging markets CHICAGO: Lee Raymond, the famously pugnacious oilman who led ExxonMobil between 1999 and 2005,…

Statoil Hits North Sea Oil Bonanza In Abandoned Field

Oct 21, 2014 at 16:52 | Andy Tully

When the Norwegian energy company Norsk Hydro explored a prospective oil well in the North Sea in 1992, it found only an estimated 6 million barrels of crude, then abandoned…

Drowning In Oil Again

Oct 20, 2014 at 16:54 | Euan Mearns

For 4 years now the oil price (Brent) has been range bound between $90 and $130 per barrel (Figure 2). This is where it settled after the convulsions of the…

How Oil Platforms Increase Fish Populations

Oct 16, 2014 at 16:27 | Futurity

Oil platforms off the coast of Southern California create a fertile breeding ground for fish, producing 10 times more fish weight than conventional marine habitats and 27 times more when…

2014 May Be A Crucial Year For Iranian Oil

Oct 15, 2014 at 16:53 | Global Risk Insights

On September 29, representatives from the five Caspian littoral states (Azerbaijan, Iran, Kazakhstan, Russia, and Turkmenistan) convened in Astrakhan, Russia for a fourth…

World’s Most Expensive Oil Project Just Got More Costly

Oct 14, 2014 at 16:35 | Nick Cunningham

Just as oil prices hit multiyear lows, several oil majors announced some more terrible news. The Kashagan oil field – the world’s most expensive oil project – will…

How Long Can U.S. Production Survive Low Oil Prices?

Oct 13, 2014 at 16:42 | James Hamilton

For the last 3 years, European Brent has mostly traded in a range of $100-$120 with West Texas intermediate selling at a $5 to $20 discount. But in September Brent…

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