The decline in crude oil prices took longer to pull production down than many expected, but it is happening, according to data from the EIA. Crude oil …
Charles Cherington, Co-Founder and Chief Executive Officer of Intervale Capital, speaks to CNBC’s Squawk Box regarding the state of the U.S. and global oil markets. Intervale Capital is a private equity firm investing exclusively in oilfield manufacturing and service companies, …
A global over-supply of crude oil has sent the price for the commodity down to historic lows since June of 2014, when the prices for Brent and WTI crude were …
Alta Mesa Holdings President & CEO Hal Chappelle talks to Oil & Gas 360 at The Oil & Gas Conference® 20 in Denver about his company’s holdings, operations and use of technologies to improve yields and reduce costs.
The oil market may be tighter than many realize, according to analysis from Marshall Adkins and researchers at Raymond James. In a follow up to the research they did on …
“[ISIS] presents a whole new reality for the region, which just isn’t reflected in the oil market at the moment,” said Daniel Yergin, Vice Chairman of IHS, in an interview with The Telegram. “It’s an increasingly grave situation for …
Iraq’s oil production reached record levels in May. The country produced an average of 3.87 MMBOPD, the highest levels in decades, according to Bloomberg. This news comes just days before …
The Baker Hughes (ticker: BHI) rig count for the week ended April 17, 2015 showed yet another drop in the number of rigs …
Whiting Petroleum (ticker: WLL), the largest E&P producer in the Williston Basin, shored up its balance sheet this week with a series of debt and equity raises. The deals include:
United States oil production and its diminishing storage capacity may lead to another drop in oil prices, according the International Energy Agency’s (IEA) Oil Market Report for March 2015. The Agency revised its oil demand outlook upward, but the increase …
The Energy Information Administration’s (EIA) Drilling Productivity Report, a monthly breakdown on production by basins, typically forecasts production increases across the United States’ seven most prolific plays. The latest edition, released on March 9, 2015, projects production in April …
Libya’s National Oil Corporation (NOC) said today that its Arabian Gulf Oil Co. (AGOCO) unit restarted production at the Sarir field in the east of the country. Statistics released from Libya’s National …
United States crude production is expected to be at its highest since 1986, according to information compiled from Bloomberg and the Energy Information Administration. The increased domestic production has allowed the U.S. to diminish its need for imports – a …
Take a good look at the global oil producers’ scorecard as it stands today. In a year or two, depending on when, how and if global production begins to fall off as a result of lower commodity prices or other …
Effects from the oil price slide are being celebrated by the average American consumer. AAA reports Americans may save as much as $75 billion in fuel costs in 2015, or $550 per household, which amounts to the lowest in more …
Russia set a post-Soviet production record and Iraq exported the most oil since the 1980s in the month of December, according to a report from Bloomberg.
The information, which was acquired from an email by the Russian Energy Ministry, said …
What a difference a year makes.
When Oil & Gas 360® released its year in review piece exactly 365 days ago, the Energy Information Administration (EIA) was projecting oil volumes to rise through 2016 and natural gas volumes to …
Fighting between Libya’s competing governments has spread to a third oil port, curbing gas exports to Italy and cutting crude production to less than what is necessary to …
VAALCO Energy, Inc. is a Houston based independent energy company principally engaged in the acquisition, exploration, development and production of crude oil. VAALCO places high emphasis on international opportunities and holds acreage in Gabon, Angola and Equatorial Guinea in West …
Petrobras (ticker: PBR) announced production for the month of September 2014 increased 0.8% compared to August 2014. Rates totaled 2,781 MBOEPD, up from the previous month’s volume of 2,759 MBOEPD. The increase comes despite a temporary interruption of 44 MBOPD …
Brazil Mourns Death of Presidential Candidate Eduardo Campos
Petrobras (ticker: PBR), the Brazilian integrated oil and gas company, announced today the extension of the Jupiter discovery in Santos Basin pre-salt block BM-S-24 following drilling operations at well 3-BRSA-1246-RJS (3-RJS-732), informally …
NBC News, Reuters and other media outlets have reported that Iraqi officials say the ISIS militant group has been selling captured crude oil and gasoline that it seized when the terrorist group took over portions of northern Iraq a …
Breitling Energy Corporation (ticker: BECC) is focused on the acquisition, exploration and development of lower risk onshore plays in the United States. The Dallas, Texas-based company primarily targets the Permian Basin and Mississippi oil window through its properties in Texas, …
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 …
North Dakota crude will arrive at Delta’s in-house refinery by rail
Delta Airlines (ticker: DAL), through its refining subsidiary Monroe Energy LLC, has inked a deal with midstream supplier Bridger LLC to supply 65,000 BOPD of Bakken crude oil to …
The top rung of Fortune Magazine’s 2014 Global 500 list is heavily skewed toward fossil fuel development and exploitation. Of Fortune’s ten largest global companies, half are integrated oil and gas companies. Two, Volkswagen and Toyota, are totally dependent upon …
The Bakken Shale, the third largest regional oil producer in the United States, achieved the 1 MMBOPD milestone in June 2014. The announcement came just months after IHS announced the field had produced a total of 1 billion barrels …
Thanks in part to the U.S. shale oil boom, OPEC is predicting that its share of the world oil market will shrink in 2015 for a third year running, Reuters reported on Thursday. In its 2015 Oil Market Outlook, …
Driving around the oil fields of North Dakota outside of Minot, you’re struck by the fact that you are surrounded by thousands of square miles of rich, expansive farmland—green fields as far as the eye can see. But it’s what …
