Halliburton Co. expects bottlenecks in America’s busiest oil field to be relieved by the end of next year. A series of catalysts will drive drilling and fracking activity in the Permian Basin of West Texas and New Mexico throughout the next year, Jeff Miller, chief executive officer of the world’s biggest fracker, said during a […]Read more "Halliburton CEO Expects Permian Bottlenecks Gone By End of ’19 – Bloomberg"
(Reuters) – Enbridge Inc (ENB.TO) said on Friday its $1.6 billion Valley Crossing natural gas pipeline from Texas to Mexico entered service on Oct. 31. The 165-mile (266-km) Valley Crossing project is designed to carry up to 2.6 billion cubic feet per day (bcfd) of gas from Texas to help Mexico meet growing demand for […]Read more "Enbridge puts Tex-Mex Valley Crossing natgas pipe into service | Reuters"
CONVERSE COUNTY, Wyo. — The parade of trailer trucks rolling through Jay Butler’s dusty ranch is a precursor to a new fracking boom on the vast federal lands of Wyoming and across the West. Reversing a trend in the final years of the Obama presidency, the Trump administration is auctioning off millions of acres of […]Read more "Driven by Trump Policy Changes, Fracking Booms on Public Lands – The New York Times"
The United States is pumping record amounts of oil, vaulting over Russia to become the world’s biggest producer of crude. — Read on www.click2houston.com/news/national/us-is-now-worlds-top-oil-producer-energy-department-saysRead more "US is now world’s top oil producer, Energy Department says"
The delay of a U.S. Gulf Coast liquefied natural gas (LNG) export project has crystallized fears that the U.S. trade battle with China is hampering efforts to line up buyers needed to move ahead with multi-billion-dollar builds. — Read on www.reuters.com/article/lng-americas-winners-idAFL2N1XA01SRead more "RPT-Next-wave LNG race hits hurdles in U.S.-China trade war | Reuters"
Phillips 66 Partners said Friday it was expanding to 900,000 b/d the capacity of its Gray Oaks crude pipeline, now under construction, supported by strong demand to move Permian crude to the US Gulf C — Read on www.spglobal.com/platts/en/market-insights/latest-news/oil/102618-phillips-66-partners-expanding-gray-oaks-crude-pipeline-capacity-to-900000-b-dRead more "Phillips 66 Partners expanding Gray Oaks crude pipeline capacity to 900,000 b/d | S&P Global Platts"
New York’s attorney general sued Exxon Mobil Corp on Wednesday, alleging that the world’s largest oil company for years misled investors about the risks of climate change regulations on its business. — Read on www.reuters.com/article/us-exxon-mobil-lawsuit/new-york-sues-exxon-for-misleading-investors-on-climate-change-risk-idUSKCN1MY2IBRead more "New York sues Exxon for misleading investors on climate change risk | Reuters"
Oil futures fell in electronic trading late Tuesday after the American Petroleum Institute reported that U.S. crude supplies rose by 9.9 million barrels for the week ended Oct. 19, according to sources. The API data also showed supply declines of 2.8 million barrels for gasoline and 2.4 million barrels for distillates, sources said. Supply data […]Read more "Oil futures fall in electronic trade as API data reportedly shows a hefty rise in U.S. crude supply – MarketWatch"
Crude oil exports out of the US Gulf Coast have shrunk on soaring freight rates in recent weeks, with market participants pegging volumes around 1.7 million to 1.8 million b/d in November including ab — Read on www.spglobal.com/platts/en/market-insights/latest-news/shipping/102218-us-gulf-coast-crude-oil-exports-dwindle-on-soaring-freight-costsRead more "US Gulf Coast crude oil exports dwindle on soaring freight costs | S&P Global Platts"
On Friday, Secretary of Energy and former Texas Governor Rick Perry traveled to San Antonio to participate in the Shale-a-Thon, the celebration of the 10th anniversary of the completion of the first successful horizontal oil well into the Eagle Ford Shale formation. That first well, drilled by Petrohawk Energy (later acquired by BHP Billiton), was announced on […]Read more "Happy 10th Anniversary To The Eagle Ford Shale | Forbes"