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Energy / Energy-General

The Future Of U.S. Oil Relies On A Single Play

May 07, 2018 at 17:40 | Nick Cunningham

U.S. oil production recently broke another record, jumping to 10.619 million barrels per day (mb/d) in the last week in April, and the sky seems to be the limit for…

Can The Saudi Exchange Survive The Aramco Listing?

May 07, 2018 at 14:35 | Irina Slav

Last week the chief executive of Saudi Arabia’s stock exchange Tadawul tried to reassure potential investors in Aramco that the bourse will cap the weight of the oil company…

WTI Breaches $70 On Iran, Venezuela Fears

May 07, 2018 at 09:29 | Irina Slav

A deepening economic crisis in Venezuela and the approaching deadline for President Trump’s decision on the Iran nuclear deal combined to push West Texas Intermediate above US$70 for the first…

The Next Big Trend In Offshore Oil & Gas

May 04, 2018 at 16:37 | Nick Cunningham

The offshore sector will increasingly focus on natural gas instead of oil over the next few decades, while policy support and technology improvements could also see offshore investment shift in…

Robots And Drones Are Changing The Offshore Oil Industry

May 04, 2018 at 16:37 | Tsvetana Paraskova

Boost efficiency and cut costs—the oil industry’s favorite buzzwords during the latest downturn—continue to be the key talking points of the companies in the post-oil-price-crash world. The rise of technology…

Tesla’s Got Some Bad News For Cobalt Miners

May 04, 2018 at 16:37 | MINING.com

Benchmark Mineral Intelligence, a provider of price information and research on battery supply chains, parsed the numbers after Tesla gave a rare indication of the relative proportions of raw…

Two Lessons From Earnings Season

May 04, 2018 at 16:35 | Martin Tillier

When considered on a year on year basis, this has been a remarkable earnings season so far for the energy sector, with a market leading 89.1 percent EPS growth rate.…

Are The Oil Majors Undervalued?

May 04, 2018 at 16:33 | Editorial Dept

Friday May 4, 2018 In the latest edition of the Numbers Report, we’ll take a look at some of the most interesting figures put out this week in the energy…

Global Energy Advisory May 4, 2018

May 04, 2018 at 16:26 | Editorial Dept

Marathon Petroleum will buy peer Andeavor in a cash and stock deal worth $23 billion, creating the biggest independent refiner in the United States, overtaking Valero. The new company will…

Market Uncertainties Keep Oil Prices Buoyed

May 04, 2018 at 16:23 | Jim Hyerczyk

June West Texas Intermediate crude futures are trading flat-to-lower as we approach the end of the week. Volume has been light all week with traders refusing to commit to either…

All Eyes On Iran As Oil Prices Soar

May 04, 2018 at 14:28 | Tom Kool

After several days of volatile trading, oil is set to close on a quiet note as the world awaits the U.S.' decision regarding the Iran deal. 

Oil Prices Rise Despite Rig Count Gains

May 04, 2018 at 12:23 | Julianne Geiger

US drillers added 11-rigs to the number of oil and gas rigs this week, according to Baker Hughes, adding 9 active oil rigs and 1 active gas rig,…

Canada Oil Revenues Fall Despite Production Growth

May 04, 2018 at 09:30 | Irina Slav

Canadian provinces are getting much less in exchange for the oil and gas they produce now than in the past despite growing production, a new report has revealed. Authored by…

Saudis Rush Ahead In Blockchain Race

May 03, 2018 at 15:59 | Irina Slav

Saudi Arabia is apparently eager to adopt blockchain technology in its oil industry “and that’s huge,” according to one of the earliest blockchain developers Nick Spanos. Speaking to Bitcoin…

Russia Committed To OPEC Deal Despite Two Months Of Non-Compliance

May 03, 2018 at 13:25 | Tsvetana Paraskova

Despite the fact that Russia pumped more than its quota under the OPEC/non-OPEC deal for two months in a row, Moscow is staying committed to the pact, Russian Energy…

The Gulf State That Needs $113 Oil

May 03, 2018 at 09:34 | Irina Slav

Bahrain’s gross government debt could reach 102 percent in 2019 from 94.9 percent this year as the smallest oil producer in the Gulf struggles with one of the highest breakeven…

Cheap Hydrogen Could Soon Become A Reality

May 02, 2018 at 16:00 | Irina Slav

Few younger readers will remember how popular hydrogen fuel cells were in the media a couple of decades ago. They came before electric cars. They were supposed to be the…

Citi: U.S. To Become World’s Top Oil Exporter

May 02, 2018 at 13:51 | Tim Daiss

As global oil markets shift their attention from U.S. shale oil production back to a resurgent Saudi Arabia and Russia and geopolitical concerns bearing down on oil prices, Citigroup…

How Oil Hedging Could Cost Companies $7 Billion

May 02, 2018 at 11:22 | Tsvetana Paraskova

The recent oil price rally has been a boon for U.S. oil producers, but for those that have hedged future production at prices capped below current oil price levels, hedging…

Oil Majors See Profits Spike, Exxon Lags Behind

May 01, 2018 at 16:36 | Nick Cunningham

The first quarter of 2018 was the best one in years for the oil majors. Still, despite huge profits, the largest oil companies are moving forward cautiously, keeping spending in…

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