Moody’s latest outlook for the global exploration and production business—which reflects its expectations for the fundamental business conditions in the industry over the next 12-18 months—is stable. — Read on www.ogj.com/general-interest/economics-markets/article/14036829/moodys-outlook-stable-for-global-ep-growth Advertisements
LONDON (Reuters) – Energy firms could save an annual $73 billion within five years in oil and gas exploration and production by making better use of existing computing technology, energy consultancy Wood Mackenzie said. Exploration and production, known as the upstream industry, requires energy firms to analyze huge amounts of seismic and geological data and […]Read more "Digitalization can save oil upstream business $73 billion a year: Woodmac | Reuters"
WASHINGTON, Oct 11 (Reuters) – A coalition of U.S. business groups fighting President Donald Trump’s trade tariffs has launched an advertisement aimed at telling voters ahead of the midterm elections that the measures are costing American businesses and consumers $1.4 billion a month. The group says that in Michigan, a state with several competitive elections […]Read more "U.S. business group says Trump China tariffs cost $1.4 bln/month | Reuters"
After months of being the red-headed stepchild to the Permian, the Bakken shale play is getting a resurgence. Crude oil production in North Dakota reached an all-new high for the second time this year in July, averaging 1.27 million barrels per day, according to the most recent figures available. Monthly oil production in July was […]Read more "Move Over, Permian. Bakken’s Making a Comeback. | Rigzone"
Major oil trading houses are predicting the return of $100 crude for the first time since 2014 as OPEC and its allies struggle to compensate for U.S. sanctions on Iran’s exports. With Brent crude already jumping to an almost four-year high on Monday, that’s exactly the kind of price surge President Donald Trump has been […]Read more "Major traders are talking about $100 oil again – Midland Reporter-Telegram"
SEPTEMBER 7, 2018 Haynesville natural gas production is increasing but remains lower than previous peak Source: U.S. Energy Information Administration, Dry shale gas estimates by play In June 2018, natural gas production in the Haynesville shale formation, located in northeastern Texas and Louisiana, averaged 6.4 billion cubic feet per day (Bcf/d), accounting for 8.5% of […]Read more "Haynesville natural gas production is increasing but remains lower than previous peak – Today in Energy – U.S. Energy Information Administration (EIA)"
U.S. crude oil production in 2019 is expected to grow at a slower rate than previously forecast, according to a monthly U.S. government forecast on Tuesday. — Read on www.reuters.com/article/us-usa-oil-eia-outlook/eia-cuts-forecast-for-2019-u-s-crude-production-growth-idUSKCN1LR1Z5Read more "EIA cuts forecast for 2019 U.S. crude production growth | Reuters"
Oil and gas producer Southwestern Energy Co agreed to sell its Fayetteville shale assets in Arkansas to privately owned Flywheel Energy LLC in an all-cash deal valued at about $1.87 billion, Southwestern said on Tuesday. — Read on www.reuters.com/article/us-swestn-energy-divestiture/southwestern-energy-to-sell-fayetteville-shale-unit-idUSKCN1LK27HRead more "Southwestern Energy to sell Fayetteville shale unit | Reuters"
Colorado voters will have a chance to decide in November whether to block drilling in most of one of America’s largest oil and gas producing states. The Colorado secretary of state’s office said Wednesday that opponents of oil and natural gas fracking had obtained sufficient signatures to put the issue on the November ballot. The […]Read more "Colorado voters to decide whether to ban oil and gas drilling in most of state| Washington Examiner"
t has been 10 years since the combination of horizontal drilling and hydraulic fracturing technologies reversed the United States’ position from that of energy scarcity to energy abundance. This has changed the economy for the long haul and in the process thrust the term “fracking” into the mainstream American lexicon. During this time, “keep it […]Read more "Fracking, ten years later: Its benefits far outweigh its risks | Washington Examiner"