Sunday, July 12, 2026

China Becomes World’s Largest Crude Importer

China imported 8.4 MMBOPD China took the crown as the world’s largest crude oil importer in 2017, according to a note released by the EIA today. China imported an average of 8.4 MMBOPD in 2017, compared with 7.9 MMBOPD for the United States. This is a new record for China, which has seen crude imports grow steadily for more than

Stone Energy: Production, Reserves and CapEx Update

Stone Energy Corporation (ticker: SGY) estimates that its 2018 capital expenditure budget will reach up to $212 million. The budget allocates 36% to exploration, 27% to development and 37% to P&A expenditures. Interim CEO and President James M. Trimble said, “We exited 2017 with solid operational results and a strong financial position, and with several prospective near-term, deep water drilling opportunities. We