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Energy

Oil Discoveries To Rebound From Rock Bottom

Jan 12, 2017 at 15:53 | Tsvetana Paraskova

The tough couple of years that oil companies had to go through with the oil price crash has forced many of them to slash exploration investment. Significantly reduced capital expenditure…

Four Factors Fueling Canada’s Oil Recovery

Jan 12, 2017 at 14:32 | Peter Tertzakian

For an energy veteran like me, North America’s oil industry reminds me of “That’s Life,” the classic Frank Sinatra tune. After every oil price crash I can imagine Ol’ Blue…

SpaceX’s Next Act Is A Critical One

Jan 12, 2017 at 13:47 | Michael McDonald

For investors in the next generation of energy and in the emerging next-gen aerospace field, SpaceX’s story is a useful lesson. It has been a tough three months for SpaceX.…

Saudis Cut Even More: Oil Production Falls To 2 Year Low

Jan 12, 2017 at 12:10 | Damir Kaletovic

Saudi Arabia has cut oil output to its lowest level in two years, reaching below 10 million barrels per day, Saudi Energy Minister Khalid al-Falih said on Thursday, jump-starting…

EIA: Brent Prices To Average $53 In 2017

Jan 12, 2017 at 10:56 | Tsvetana Paraskova

As a result of rising oil prices in December, the U.S. Energy Information Administration has increased its forecast for both Brent and WTI crude oil prices by $2, and…

The Math Doesn’t Add Up For The OPEC Deal To Work

Jan 12, 2017 at 09:28 | Todd Royal

The basic laws of supply and demand can easily cause the OPEC production cuts to not work, but there are other factors to also consider. These factors include U.S. shale…

Blockbuster Oil Deal In Argentina Could Trigger Drilling Boom

Jan 11, 2017 at 16:21 | Nick Cunningham

A blockbuster deal between the oil and gas industry, labor unions, and the Argentine government could pave the way for a flood of new investment in shale oil and gas…

Shale Break-Even Level Could Rise $10 In 2017

Jan 11, 2017 at 16:11 | Irina Slav

The joy for shale producers stemming from rising oil prices following the OPEC production cut agreement may soon be over as oilfield service providers join the party, raising the prices…

How Tillerson Could Jeopardize Geopolitics In Iraq

Jan 11, 2017 at 16:06 | Zainab Calcuttawala

Former oil executive Rex Tillerson’s history of politically damaging oil dealings in the Middle East could jeopardize the future of a united Iraq as he assumes the position of U.S.…

Real Innovation In The Oil Patch Is Found In Data Analytics

Jan 11, 2017 at 15:49 | Michael McDonald

Across all of business there is a lot of interest in Big Data, Business Intelligence, Predictive Analytics, and other data related fields these days. Tools in these fields are particularly…

U.S. Shale Jobs Are Coming Back

Jan 11, 2017 at 14:04 | Rakesh Upadhyay

The U.S. shale oil recovery is now gaining momentum, and for the first time since September 2014, the U.S. oil and gas extraction and support services jobs increased by 3,300…

Total Ups Its Stake In Uganda’s Oil Development

Jan 11, 2017 at 13:25 | Ronke Luke

Total increased its stake in Uganda’s oil development with the purchase of 64.71 percent of Tullow Oil’s interests in Exploration Areas 1, 1A, 2 and 3A. The agreement announced…

World Bank: Trump To Boost U.S. Economic Growth And Commodities

Jan 11, 2017 at 11:42 | Frik Els

A pillar of president-elect Trump's economic plan is fiscal stimulus in the form of tax cuts and $500 billion-plus of infrastructure spending. Trump's victory sparked a rally in the copper…

Oil Slips And Bounces Back After EIA Reports Significant Builds Across The Board

Jan 11, 2017 at 09:51 | Irina Slav

Amid growing bearish sentiment towards oil prices, the Energy Information Administration reported a build of 4.1 million barrels in crude oil inventories for the week to January 6, a…

EIA Sees 2017 U.S. Oil Output Rising By 110,000 Bpd

Jan 11, 2017 at 09:19 | Irina Slav

The Energy Information Administration said in its latest Short-Term Energy Outlook that crude oil production in the U.S. this year will average 9 million barrels daily, or 110,000 bpd…

Low Oil Prices Could Last As OPEC Cuts Won’t Suffice

Jan 10, 2017 at 16:32 | Arthur Berman

An OPEC production cut offers oil producers hope for higher prices in 2017. But there is a dark cloud hanging over that expectation. Global storage inventories must be substantially reduced…

Iraq Could Kill The OPEC Deal

Jan 10, 2017 at 16:19 | Michael McDonald

OPEC made an early New Year’s resolution when it promised the world that it will get thin – or more accurately that it will thin its output in an effort…

Seismic Industry Still Reeling From Oil Price Bust

Jan 10, 2017 at 16:16 | Tsvetana Paraskova

The exploration and production business has been bearing the brunt of slashed investment and reduced budgets in the wake of the oil price crash. Yet, another industry dependent on E&P…

U.S. Oil And Gas Jobs See First Gains In 2 Years

Jan 10, 2017 at 15:16 | Nick Cunningham

Rising rig counts and an uptick in drilling activity is leading to a rebound in employment in the oil and gas industry, according to recent data. Payrolls in the oil…

Uncertainty Looms Over Australian LNG

Jan 10, 2017 at 15:13 | Gregory Brew

While U.S. LNG looks set to be competitive in 2017, reaching export markets in Latin America and East Asia, a significant source of competition will be Australia, the other Pacific…

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