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Article Archive | Page 1251

U.S. Oil Rig Count Declining Again After Single-Week Reprieve

May 27, 2016 at 15:07

The oil rig count fell again this week from 318 to 316 after last week’s slight reprieve, coming in at the lowest at any point in time since…

Oil On Firm Footing at $50?

May 27, 2016 at 14:27

This week’s key data from the oil and gas industry shows that both the ongoing decline in U.S. oil production and decreasing crude stockpiles have bumped up oil…

U.S. Oil Company Sets New Record: Headed For Second Bankruptcy in One Year

May 27, 2016 at 12:25

For the second time in less than a year, oil services provider Hercules Offshore is heading for Chapter 11 bankruptcy protection by entering a restructuring support agreement…

Wave Of Profit-Taking Keeps Oil From Breaking Out

May 27, 2016 at 11:53

Forty-one years to the day after the birth of chef Jamie Oliver, and the recent rally in oil is looking a wee bit overcooked, after having a nibble…

Why Chevron Is Investing $37B In The World’s ‘’Most Difficult Oil’’

May 27, 2016 at 10:28

I wrote Wednesday about Australia’s Oil Search making a major $2.2 billion investment in Papua New Guinea natural gas. Noting this as a sign the right projects…

Why $50 Oil Is Here To Stay

May 26, 2016 at 16:03

Now that oil prices have rebounded to $50 per barrel, will U.S. shale drillers turn the taps back on? That is the million dollar question that the oil…

Why Canada’s Oil Sand Producers Will Recover Quickly From The Wildfires

May 26, 2016 at 15:41

Canada’s oil sands producers in the Fort McMurray region are watching the weather to determine if and when they can move the necessary people back to their operations…

Why The Bust For Offshore Drillers Might Last Another 2 Years

May 26, 2016 at 15:30

Statoil cancelled a contract for a drillship with Seadrill, which it had intended to use for drilling operations in the Atlantic, near Newfoundland. The cancellation is the…

5 Crazy Energy Ideas

May 26, 2016 at 15:17

Renewable power is still the scrappy newcomer in the energy space – untested, green, and a minor presence overall, but exciting and shaking up the world nonetheless. Nothing…

The Consequences Of $50 Oil

May 26, 2016 at 14:04

On Thursday Brent crude rose above $50 while the WTI rose to $49.85. The rise in prices came after the EIA reported a dramatic fall in…

Clinton Chasing Votes With Fracking U-Turn

May 26, 2016 at 13:37

Leaked emails obtained by The Intercept reveal Hillary Clinton’s multiple stances on fracking—which apparently differ depending on whether we’re talking about fracking on U.S. soil or abroad. At…

How Fast Can Solar And Wind Grow

May 26, 2016 at 12:56

Wind and solar energy consumption have grown quickly from 1994 to 2014. Based on data from BP’s Statistical Review of World Energy 2015 the growth rate has been…

Oil Hits $50, But Can It Maintain Its Gains?

May 26, 2016 at 11:34

For the first time in over six months oil prices rose to $50 per barrel. Brent crude moved up to $50.19 during morning trading on May 26, the…

Depreciating Dollar Sees Crude Climb To 7-Month High

May 26, 2016 at 11:19

One-hundred and nine years after the birth of John Wayne, and oil is shootin’ from the hip today, with both Brent and WTI taking a shot at fifty…

Niger Delta Militants Take Entire Chevron Terminal Offline

May 26, 2016 at 10:06

According to Nigerian media, militants used explosives to blow up the Escravos terminals main electricity feed pipeline, rendering the terminal inoperable. Reuters has also reported that it has…

Would Regulated Oil Prices, Argentine-Style, Help U.S. Shale?

May 25, 2016 at 17:27

U.S. shale oil companies are filing for bankruptcy at an alarming rate, whereas, their counterparts in Argentina are having a gala time. When the U.S. shale oil drillers…

Why Did Saudi Arabia Kill OPEC?

May 25, 2016 at 16:26

The OPEC meeting is only a week away, but the chances of a positive result are as remote as ever. Rising oil prices, the heightened rivalry between Saudi…

2015 Worst Year For Oil Discoveries Since 1952

May 25, 2016 at 16:17

A report by Rystad Energy has revealed that new oil discoveries in 2015 totaled 12.1 billion barrels, which is the least amount of new oil discovered in…

Bakken Oil Patch At Risk Over Pipeline Lawsuits

May 25, 2016 at 16:09

One of the key factors in the survival of the Bakken oil patch in the future will be affordable transportation options. Bakken producers receive lower realized prices for…

Wells Fargo Reduces 66% of Credit Lines to Oil and Gas Players

May 25, 2016 at 13:30

Around 66 percent of Wells Fargo’s credit lines to energy exploration and production companies have been reduced as a result of the two-year drop in oil prices,

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