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Energy

Dakota Access Pipeline Loaded And Ready For Business

Mar 28, 2017 at 11:57 | Irina Slav

The Dakota Access pipeline is ready to start shipping crude oil from North Dakota’s Bakken play south to Illinois, project operator Energy Transfer Partners said in a regulatory filing…

Oil Companies Bet Big On This Mature Oil Play

Mar 28, 2017 at 11:05 | Dave Forest

Historic week in the oil and gas industry. With one of the world’s most well-known exploration destinations unveiling a slate of next-generation projects. The U.K. offshore. Late last week, the…

OPEC Weighs Extension As Oil Markets Start To Lose Their Nerve

Mar 27, 2017 at 15:16 | Nick Cunningham

To extend or not extend? Officials from OPEC and a select few non-OPEC countries met over the weekend to review the state of the oil market, monitor their progress and…

Oil Majors Lower Risk: Favor Shale Over Offshore

Mar 27, 2017 at 15:15 | Irina Slav

The first three months of this year have made one thing crystal clear: Big Oil is set on expanding in shale—hardened by the lessons the oil price crisis taught it—and…

Wind Energy Now Directly Competing With Coal On Cost

Mar 27, 2017 at 15:15 | Gregory Brew

Last week, Xcel Energy announced a multi-state wind capacity project, anticipated to be the largest in the United States. Spanning seven states, the project covers eleven new wind farms…

Will The Oil Price Slide Lead To A Credit Crunch For U.S. Drillers?

Mar 27, 2017 at 15:09 | Tsvetana Paraskova

The recent drop in oil prices, which has almost wiped out the price gains since OPEC announced its supply-cut deal, is coming just ahead of the spring season when banks…

4 Factors Driving Oil Prices This Summer

Mar 27, 2017 at 15:04 | Osama Rizvi

Uncertainty is dominating today’s oil markets, with production cuts, ballooning inventories and a rising rig count all adding to oil price volatility. And as the summer driving season approaches and…

Asia’s Top LNG Players Forming Buyers Club

Mar 27, 2017 at 14:55 | Oil & Gas 360

Global oversupply in liquefied natural gas has emboldened buyers to push for more favorable contracts. Korea Gas Corp. (KOGAS), Japan’s JERA and China National Offshore Oil Corp. (CNOOC), which collectively…

Fruitless OPEC Meeting Sees Oil Prices Edge Lower

Mar 27, 2017 at 12:56 | Matt Smith

Oil prices are subdued to start the week, as the weekend's compliance meeting has done little to allay oversupply fears. As WTI continues to trek on in forty-dollardom, hark, here…

Pro-Extension Voices In OPEC Become Louder

Mar 27, 2017 at 10:38 | Irina Slav

In a statement, the joint committee of seven oil ministers from the parties to the cut said that the deal could be extended for another six months, depending on…

Shell’s New Permian Play Profitable At $20 A Barrel

Mar 24, 2017 at 17:11 | Rakesh Upadhyay

OPEC’s worries about the booming U.S. oil production have increased significantly with the big three oil companies’ interest in shale. Exxon Mobil Corp., Royal Dutch Shell Plc, and Chevron Corp.,…

Is The Private Equity Oil Rush Back On?

Mar 24, 2017 at 17:06 | Irina Slav

Private equity funds are back in the oil game with piles of cash to spend, emboldened by oil prices of around $50 a barrel, even though WTI has in the…

Mexico Sees Its First International Offshore Drilling Success

Mar 24, 2017 at 17:05 | Nick Cunningham

Italian oil company Eni drilled the first well by an international oil company in Mexican waters, and on March 23 they said the well indicated a “meaningful” volume of oil.…

Self-Driving Cars May Just Be the Start

Mar 24, 2017 at 17:03 | Irina Slav

The self-driving car race has been intensive, especially recently, with new partnerships being announced on a regular basis as tech companies team up with carmakers to stake a claim in…

Can Trump’s Proposal Save The Coal Industry?

Mar 24, 2017 at 15:34 | Michael McDonald

Climate change may not be a significant factor in the decision-making processes of the United States government, according to the White House. As per a directive signed by President Donald…

U.S. Shale Could Peak Before 2025

Mar 24, 2017 at 15:30 | Ron Patterson

In a previous post on U.S. LTO future output there were suggestions that a bottom up approach might be better than the top down approach and I agree. I…

Norwegian Oil Plays Struggling After Oil Price Collapse

Mar 24, 2017 at 15:27 | Rune Likvern

Norwegian crude oil extraction peaked in 2001 at 3.12 Million barrels per day (Mb/d) and in 2016 it was 1.62 Mb/d, growing from 1.57 Mb/d in 2015 and 1,46 Mb/d…

Are The Survivors Of The Offshore Bust A Buy?

Mar 24, 2017 at 15:26 | Dan Dicker

I know that many of the oil analysts out there have gone weak on me. Unable to believe in the inevitable re-balancing of the oil market, they continue to see…

The No.1 Contrarian Play In Oil

Mar 24, 2017 at 15:26 | Martin Tillier

Regular readers of my ramblings will be aware that I don’t believe that this drop in oil will be of any long term significance. It is understandable, for sure, as…

Oil Industry Not Hedged For 2018

Mar 24, 2017 at 15:26 | Editorial Dept

Friday March 24, 2016 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…

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