Post Tagged with: "Energy Independence"

U.S. Oil Sector Sets Another Record in Another Sign of Energy Independence

U.S. Oil Sector Sets Another Record in Another Sign of Energy Independence

From The Houston Chronicle


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 …

North America will Become Energy Self-Sufficient by 2018: BP

North America will Become Energy Self-Sufficient by 2018: BP

  • Natural gas will overtake oil as the leading fuel around 2023

  • Asia demand growth makes it the biggest energy importer

  • North American energy production expected to grow 1.2% per annum through 2035

  • North American LNG exports grow to~25% of global

April 11, 2016 - 5:00 pm Closing Bell Story‎, Oil and Gas 360 Articles
We’re Still Importing Crude Oil from OPEC.  Why?

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, …

Parallels Abound Between Baseball and the Energy Industry as 111th World Series Gets Underway

Parallels Abound Between Baseball and the Energy Industry as 111th World Series Gets Underway

“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 …

Presidential Candidates on Energy: Fiorina

Presidential Candidates on Energy: Fiorina

Gives thumbs up to Keystone and crude oil exports

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 …

September 30, 2015 - 12:52 pm Oil and Gas 360 Articles, Politics & Opinions
Milestone: Permian Basin Eclipses 2,000 MBOPD in EIA’s Drilling Productivity Report

Milestone: Permian Basin Eclipses 2,000 MBOPD in EIA’s Drilling Productivity Report

The Permian ranks among the top-20 oil producing countries on a stand-alone basis

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 …

TOP MINDS IN THE BUSINESS – John Hofmeister – Part III

TOP MINDS IN THE BUSINESS – John Hofmeister – Part III

In this final installment, former Shell Oil Company President John Hofmeister talks about the false notion of energy independence, the need for two-way oil and gas trading, the Jones Act, removing barriers to the movement of energy, and the Keystone

April 10, 2015 - 1:29 pm Top Minds, Videos
BP Energy Outlook: United States “Likely” to be Self-Sufficient in Oil by 2030s

BP Energy Outlook: United States “Likely” to be Self-Sufficient in Oil by 2030s

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 …

U.S. Department of Commerce Loosens Reins on Oil Exports

U.S. Department of Commerce Loosens Reins on Oil Exports

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 EIA Tool Details Import Adjustments in Response to U.S. Shale

New EIA Tool Details Import Adjustments in Response to U.S. Shale

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 …

November 21, 2014 - 3:35 pm Oil and Gas 360 Articles
“Don’t Panic” Over Oil Prices, Says U.S., OPEC

“Don’t Panic” Over Oil Prices, Says U.S., OPEC

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 …

November 4, 2014 - 6:40 pm Commodity Pricing, Finance, Oil and Gas 360 Articles, OPEC
Shale Boom Benefits Keep Piling Up

Shale Boom Benefits Keep Piling Up

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% …

September 17, 2014 - 7:09 pm Fracing, Midstream, Oil and Gas 360 Articles
Brookings Study Finds Multiple Benefits from Immediately Lifting U.S. Crude Export Ban

Brookings Study Finds Multiple Benefits from Immediately Lifting U.S. Crude Export Ban

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 …

September 15, 2014 - 6:56 pm Oil and Gas 360 Articles, Oilfield Services, OPEC
U.S. Energy: EU’s Alternative to Russia?

U.S. Energy: EU’s Alternative to Russia?

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 …

1.3 Million New U.S. Oil & Gas Jobs by 2030:  API

1.3 Million New U.S. Oil & Gas Jobs by 2030:  API

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 …

September 11, 2014 - 6:08 pm Oil and Gas 360 Articles, Oilfield Services
Europe Looks at Emergency Energy Plans if Russian Gas is Shut Off

Europe Looks at Emergency Energy Plans if Russian Gas is Shut Off

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 …

Mama, Don’t Let Your Babies Grow Up to Be Cowboys

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 …

August 25, 2014 - 5:18 pm Fracing, Oil and Gas 360 Articles, Oilfield Services

Petroleum is Driving our Enrollment: Colorado School of Mines

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 …

August 20, 2014 - 6:14 pm Fracing, Oil and Gas 360 Articles, Oilfield Services
Utica Shale Graduates to EIA’s Drilling Productivity Report

Utica Shale Graduates to EIA’s Drilling Productivity Report

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, …

August 12, 2014 - 5:41 pm Midstream, Oil and Gas 360 Articles, Oilfield Services
Fracing’s Renewable Benefit: Geothermal Energy

Fracing’s Renewable Benefit: Geothermal Energy

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 …

July 28, 2014 - 6:24 pm Fracing, Oil and Gas 360 Articles

Proposition 89 will Create Patchwork of Environmental Regulations, End Challenges in Colorado

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 …

July 28, 2014 - 5:50 pm Finance, Fracing, Oil and Gas 360 Articles, Regulatory
U.S. Refinery Rates at All-Time High: EIA

U.S. Refinery Rates at All-Time High: EIA

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 …

July 24, 2014 - 4:14 pm Earnings, Midstream, Oil and Gas 360 Articles
Energy and Commerce Committee Chairman Upton’s “Architecture of Abundance”

Energy and Commerce Committee Chairman Upton’s “Architecture of Abundance”

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:…

U.S. on Track to Lead World’s Oil & Gas Production

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 …

October 4, 2013 - 12:48 pm Oil and Gas 360 Articles