• 3 minutes e-car sales collapse
  • 6 minutes America Is Exceptional in Its Political Divide
  • 11 minutes Perovskites, a ‘dirt cheap’ alternative to silicon, just got a lot more efficient
  • 5 hours GREEN NEW DEAL = BLIZZARD OF LIES
  • 3 hours They pay YOU to TAKE Natural Gas
  • 3 days Could Someone Give Me Insights on the Future of Renewable Energy?
  • 3 days How Far Have We Really Gotten With Alternative Energy
  • 7 days e-truck insanity
  • 5 days An interesting statistic about bitumens?
  • 10 days Oil Stocks, Market Direction, Bitcoin, Minerals, Gold, Silver - Technical Trading <--- Chris Vermeulen & Gareth Soloway weigh in
  • 10 days "What’s In Store For Europe In 2023?" By the CIA (aka RFE/RL as a ruse to deceive readers)
Will Big Oil See Better Earnings In Q2?

Will Big Oil See Better Earnings In Q2?

The energy sector has underperformed…

U.S. Drilling Activity Slips

U.S. Drilling Activity Slips

The total number of active…

Energy

New Oilfield Capex To Surpass $800 Billion By 2025

Mar 29, 2018 at 14:05 | Tsvetana Paraskova

Capital expenditure on upcoming oil and gas fields worldwide will amount to US$811 billion on 615 projects planned between 2018 and 2025, data and analytics company GlobalData says. In…

An Energy Crisis Is Looming In South-East Europe

Mar 29, 2018 at 13:53 | Gary Norman

Since the dissolution of the Eastern Bloc, energy production in Southeast Europe (SEE) has been stymied by chronic underinvestment. As a result, infrastructure in the region is struggling to meet…

US Oil Rig Count Dips As Prices Rise

Mar 29, 2018 at 12:16 | Julianne Geiger

Baker Hughes reported a 2-rig decrease to the number of oil and gas rigs this week. The total number of oil and gas rigs now stands at 993, which…

Funding Soars For Extreme Fossil Fuels

Mar 29, 2018 at 11:49 | Nick Cunningham

Big banks are still lending colossal sums to “extreme” forms of fossil fuel projects, with lending actually jumping by 11 percent in 2017 compared to the year before. The Paris…

U.S. Petroleum Imports Could Fall To Zero In 2020

Mar 29, 2018 at 10:43 | Robert Rapier

In 2006, following 35 years of declining U.S. oil production, net monthly imports of crude oil and finished products had climbed to more than 13 million barrels per day (BPD).…

$9.5B Deal Creates Biggest Player In The Permian

Mar 29, 2018 at 09:01 | Irina Slav

Concho Resources has struck a deal to acquire natural gas peer RSP Permian for US$9.5 billion in an all-stock deal that is the biggest acquisition in the sector since…

Augmented Reality Is A Game Changer For Oil & Gas

Mar 28, 2018 at 17:27 | Tsvetana Paraskova

Augmented reality and virtual reality technology is expanding beyond gaming and beyond chasing and catching Pokemon. Now, it’s hit the oil industry and aims to save it money.   The…

Barclays: Expect $51 Oil This Year

Mar 28, 2018 at 16:15 | Damir Kaletovic

As oil continues to pair Monday gains on soaring U.S. crude inventory, Barclays is calling a $51-per-barrel price on WTI by the third and fourth quarters of this year,…

Alberta's Aggressive Renewable Energy Push

Mar 28, 2018 at 14:53 | Irina Slav

One Canadian province has set its sights on generating almost a third of its electricity from renewable sources by 2030. This will take some US$7.77 billion (C$10 billion) in investments…

The End Of The Status Quo In LNG Markets

Mar 28, 2018 at 14:01 | Tim Daiss

Chinese state-owned oil and gas giant PetroChina is planning to replace its oil-linked long-term LNG contracts with shorter, more flexible deals, a senior company official said late last week as…

What Big Oil Can Learn From Typewriters

Mar 28, 2018 at 14:01 | Peter Tertzakian

Typewriters became obsolete. Therefore, oil will follow a sunset script too. This logic may seem disjointed and even a little pithy, but there are parallels that run far deeper than…

Will Lithium-Air Batteries Ever Become Viable?

Mar 28, 2018 at 11:59 | Irina Slav

Lithium-air batteries sound too good to be true—using the oxygen available in the air to produce electricity. Theoretically, they could become serious competitors to lithium-ion batteries; but so far, a…

Oil Prices Fall As EIA Confirms Inventory Build

Mar 28, 2018 at 10:00 | Irina Slav

After a surprise 5.32-million-barrel inventory build reported by the American Petroleum Institute (API) weighed on oil prices yesterday, the Energy Information Administration (EIA) is reporting a build of…

Mexico May Have Just Held Its Last Oil Auction

Mar 28, 2018 at 08:50 | Damir Kaletovic

In what may be Mexico’s last oil auction amid a possible presidential election shakeup, the Mexican authorities on Tuesday auctioned off 35 oil and gas areas, awarding its first blocks…

Why Natural Gas Prices Will Rise This Summer

Mar 27, 2018 at 17:15 | Nick Cunningham

Record production of natural gas is snuffing out any price rally that might have occurred from the bout of cold weather this winter. The gas market saw a jolt at…

The Invisible Sweet Spot For Big Oil

Mar 27, 2018 at 16:59 | Tsvetana Paraskova

Big Oil showed in its latest earnings that it has adapted to the lower-for-longer oil prices and is now making nearly as much profit as it did when oil prices…

The Energy Giant Taking Over Kurdistan

Mar 27, 2018 at 16:55 | Viktor Katona

After the steady buildup of a burgeoning strategic partnership between the Russian national oil company and Kurdistan’s Regional Government (KRG), the year 2018 threw cold water on the ambitious…

Permian Drillers Prepare For Double-Digit Cost Jump

Mar 27, 2018 at 14:27 | Tsvetana Paraskova

U.S. shale companies expect a double-digit cost increase in services across the oil patch, and the Permian in particular, as the industry recovered from the downturn and is now growing…

Oil Prices Slip On Profit Taking

Mar 27, 2018 at 14:14 | Tom Kool

Despite a busy start to the week in oil news, crude prices slipped Monday and Tuesday as traders collecte profits from last week's jump.…

Offshore Oil Closes In On Shale

Mar 27, 2018 at 12:52 | Irina Slav

Offshore crude oil extraction, including deepwater, is closing in on shale in terms of cost thanks to new production technologies, a senior Chevron executive said at an industry event, as…

Oilprice - The No. 1 Source for Oil & Energy News