The Biden Administration is finalizing the next five-year offshore leasing program, which has been delayed by several months already, creating yet another uncertainty for the U.S. oil industry which has had to grapple with numerous mixed messages from …
Leslie Beyer, CEO of the Energy Workforce & Technology Council, said following the State of the Union Address, she agrees with President Biden and our need to optimize reliance on domestic resources, but that must also include energy …
The U.S. energy sector broke another record last year as the shale boom sent natural gas and petroleum production soaring.
U.S. petroleum and natural gas production jumped by 16 percent and by 12 percent respectively in …
“The journey from the minor leagues to the World Series parallels the struggle to climb the ladder of American business. Many try, but only a few succeed.” – Roger Kahn, The Boys of Summer
Call it a throwback to the …
Former Hewlett Packard CEO Carly Fiorina is running for the 2016 Republican nomination. Fiorina talked about energy in an interview with The Fuse in June. Here is a summary of her …
The Permian Basin continues to deliver amid declining activity, with production levels expected to rise past 2,000 MBOPD in the Energy Information Administration’s (EIA) September issue of …
BP Energy (ticker: BP) released its latest edition of the 2035 Energy Outlook on February 17, 2015, complete with supporting materials, a press release and a webcast. The landing page of the report can be accessed by clicking here.
BP …
The United States Department of Commerce said it has begun approving requests to sell light processed oil on the international market. The transactions, which now can be conducted by companies without government approval, pertain only to selling crude that has …
New Tool is part of EIA’s “ongoing effort to assess the effects of a possible relaxation of current limitations on U.S. crude oil exports”
The Energy Information Administration has unveiled the unofficial version of its U.S. Crude Oil Import Tracking …
How low can oil go?
Falling oil prices seemed to level off in mid-October, quelling fears from the market that has seen the S&P 500 index drop 5% in only one week. Just when the oil market was acclimating …
The benefits of the shale boom are apparent. In the six year span from 2008 to 2013, crude oil production in the United States jumped by 43.7% (12,311 MBOEPD in 2013 compared to 8,563 MBOEPD) and gas production climbed 20% …
The Brookings Institute released a study last week comparing the effects of immediate lifting of the U.S. crude oil export ban vs. delaying till 2020.
The study data showed a positive uptick for the GDP in all cases, a 0.14 …
The European Union (EU) and United States levied more sanctions on Russia today in an effort to hamper the country’s already struggling economy. The latest sanctions primarily target Russia’s oil industry and military equipment. Supermajors participating in projects with Russia’s …
The Energy and Commerce Committee of the U.S. House of Representatives put out press releases Wednesday promoting the jobs aspect of the energy revolution. In his news release, Chairman Fred Upton referred to the American Petroleum Institute’s new reportthat …
Yesterday Reuters reported that an emergency energy plan was being constructed for Europe, should gas stop flowing through the pipelines that connect European homes with Russia’s natural gas.
“Kiev is warning that Russia plans to halt gas supplies while Moscow …
Petroleum Engineers Enjoy Highest Projected Salary Growth: ABC News
Last week ABC News reported that chemical engineer and mechanical engineer are two of the degrees college students can seek that can lead to jobs as petroleum engineers, a career with …
Completion Engineer replaces Geophysicist for top slot
The Colorado School of Mines has roughly 740 total petroleum engineering students enrolled today, about 190 of whom are slated for graduation in 2015.
“Petroleum is driving our enrollment,” Colorado School of Mines …
The Utica Shale made its first ever appearance on the Energy Information Administration’s (EIA) Drilling Productivity Report on August 12, 2014. The Report first debuted on October 22, 2013, and detailed various elements of six major plays, including production rates, …
While the United States is garnering global attention for its shale boom, its prominence in the renewable energy field is far above that of any of its international competitors. The United States has been the world’s greatest producer of renewable …
If proposition 89 lands on the ballot and passes a statewide vote in the general election on November 4, companies who want to establish operations in Colorado will face a variety of differing rules and a new level of political …
United States refineries have processed as much as 16.8 MMBOPD in each of the past two weeks, according to a report released by the Energy Information Administration (EIA) on July 24, 2014. The historic mark, based on EIA data beginning …
During the EIA Energy Conference last week, July 14 to July 15, Michigan’s Representative Fred Upton (R) gave a speech about his ideal energy future. He called his plan the “Architecture of Abundance.” It is a plan with five pillars:…
The oil and gas production surge in the United States (U.S.) has analysts predicting the U.S. will lead the world’s in oil and production by the end of 2013.
Source: EIA
According to The U.S. Energy Information Administration (EIA), the …
We’re Still Importing Crude Oil from OPEC. Why?
An end of the year reflection on oil prices, global demand and OPEC by Greg Barnett
It’s Thursday morning, December 31, 2015.
I’m not going to sugar coat it – it’s been a tough year. There have been family deaths, …