Monday, May 4, 2026

KLR says Total E&P Production to Grow by 7% Annually Through 2019

E&P CapEx up 70% in 2017 As the oil and gas industry reacts to improvements in commodity prices over the last year companies are beginning to ramp up activities, according to analysis by KLR Group released yesterday. According to KLR, total E&P CapEx in 2017 will be about $62 billion. This is an increase of 70% from the $36.6 billion spent

Trump Tax Cut Stands to Benefit U.S. Oil Drillers

From Bloomberg/Workboat The Trump administration’s plan to slash corporate tax rates could free up more than $10 billion a year for U.S. oil explorers, opening new opportunities to boost drilling at a time of uncertainty in the marketplace. Crude prices in New York have fallen 10% since the end of 2016 as added drilling in U.S. shale fields offset an

Russia

EC Seeks Comments on Competitive NatGas Markets Commitments by Gazprom

Gazprom, the dominant gas supplier in a number of Central and Eastern European countries, needs to enable cross-border gas flows at competitive prices: European Commission Under Article 9 of the EU’s antitrust Regulation 1/2003, if a company breaks such commitments, the Commission can impose a fine of up to 10% of the company’s worldwide turnover, without having to prove an

Musk says Tesla Could Fix South Australia’s Grid Problem in 100 Days

Australian battery firm says no you can’t From Utility Dive Tesla is in talks with officials in South Australia to install battery storage systems that could serve as protection against the blackouts that have been plaguing the Australian state, according to multiple media reports. At a launch for Tesla’s second generation, commercial scale Powerpack 2, Lyndon Rive, who now heads the