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California is no longer the 3rd largest oil state
A title I'm sure they're only too happy to shed. https://www.eia.gov/petroleum/weekly/?utm_source=newsletter&utm_medium=email&utm_campaign=newsletter_axiosgenerate&stream=top-stories "New Mexico surpassed California and Alaska to become the third-largest crude oil-producing state in the...- Rodent Replied
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Laine Hardy--New Big Oil Spokesperson?
Perhaps best moment of American Idol's latest season auditions (after a two-year pause), and perhaps a secret advertisement for the oil industry: Katy Perry: What do...- Rodent Replied
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BP's Incredible 2018 Outlook
Probably not a good thing for oil prices. Some highlights: "Recoverable reserves from the Middle East, which holds the largest oil resources, could be increased...- Rodent Replied
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- 3,175 views
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Petrobras Narrows 2017 Loss, Net Debt Falls Below $85bn
Brazil`s state-owned oil company Petrobras has reported a net loss of R$446m ($136m) for last year compared with a loss of R$14.8bn a year...- Petar Replied
- 6 replies
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IEA:Global Oil Demand Picks Up But Still Lags Rising Supply
By IEA, global oil demand is expected to pick up this year but supply is growing at a faster pace, leading to a rise...- damirUSBiH Replied
- 3 replies
- 1,926 views
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Exxon: Moving Up In Reputation
Well, I mean, it's all relative. In the court of public opinion, Exxon has apparently transitioned from Purposeful Killer of Our Beloved Earth, to the latest:...- Rodent Replied
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Oil production cut deal takes more time to tackle soaring shale production or situation is now out of control?
Soaring shale production is now the biggest problem for OPEC. Oil cut deal is now going to an end in coming months and still...- Harsh vardhan singh Replied
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Norway Needs More Oil Discoveries
So says a state-owned energy firm, Petoro. I'm beginning to be confused about Norway. It's the greenest of them all in Europe but it...- Marina Schwarz Replied
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South Korea Fuel Oil Imports Surge
South Korea's fuel oil imports are skyrocketing as it tries to phase out coal and nuclear plants enter maintenance season. But I was thinking,...- soth korea
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UAE Wants To Be Mad At Qatar, but....
What would they do without Japan? They'd have to stick to their banishment of Qatar, I guess. https://oilprice.com/Latest-Energy-News/World-News/UAE-Qatar-Warily-Extend-Joint-Oilfield-Concession.html- Rodent Replied
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- 1,402 views
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Venezuela isn't its own man anymore
https://oilprice.com/Latest-Energy-News/World-News/Indias-Oil-Imports-From-Venezuela-Plunge-To-Lowest-Since-2012.html And this is what happens, my friends, when you get so far into debt. You're beholden to your creditors. Venezuela pumps at the mercy...- Rodent Replied
- 4 replies
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Hess, Total, or Exxon? Who's Strategy Will Be the Best?
https://oilprice.com/Energy/Energy-General/Which-Oil-Major-Has-The-Best-Investment-Strategy.html?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+oilpricecom+(Oil+Price.com+Daily+News+Update) Total's low-cost purchase in Libya, Exxon's aggressive capex when others are skimping, or Hess's buybacks?- Rodent Replied
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- 1,215 views
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Another Weapon in the War on Fossil Fuels
We have protests, we have defunding, we even have banks who refuse to loan to the dirty oil industry. The latest? Legislative weapons. "The Baltimore...- Rodent Replied
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Who Do We Have To Thank For Our Shale Oil and Gas Reserves?
Dinosaur-era volcanos, of course! That is, if we are to believe a study from Rice University. http://www.worldoil.com/news/2018/3/13/geologists-link-ash-from-dinosaur-era-volcanoes-with-shale-oil-gas- Rodent Replied
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- 1,393 views
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Iraq Plans To Reduce Oil Products Imports By 25 Percent
Iraq's oil ministry said the nation would reduce its petroleum products imports by 25 percent as crude oil refineries are being rehabilitated following fighting...- Petar Replied
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Tons of faith in Libyan oil ... underscored by major crude contracts
Testimony to the vitality of your crude reserves ... Shell, BP and most recently PetroChina are signing major LIbyan crude contracts regardless of the...- Kate Turlington Replied
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Saudi IPO May Be Delayed
https://www.bloomberg.com/news/articles/2018-03-08/saudi-oil-minister-hints-aramco-ipo-could-be-delayed-until-2019 If you could only see my super sarcastic mock surprised face right now. I don't want to say I told you so. Wait. Yes...- Rodent Replied
- 9 replies
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So Big Oil Can't Fund The Arts Now??
Oh my, oh my. We're shunning Big Oil from putting money towards the arts now? http://www.france24.com/en/20180312-climate-protest-prompts-partial-evacuation-louvre My favorite line: "Some 30 activists had laid a long stretch...- Rodent Replied
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- 1,467 views
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B.C. vs Alberta Round 3: No More Oil for You
BC to Alberta: We don't want the Trans Mountain pipeline expanded. Alberta to BC: But our oil needs shipping and selling, and we need the revenues...- Marina Schwarz Replied
- 5 replies
- 3,354 views
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Time to buy PetroChina Co?
Analysts agree, PetroChina is a bargain. https://www.bloomberg.com/news/articles/2018-03-12/at-232-billion-world-s-3rd-largest-oil-major-is-seen-as-cheap- Rodent Replied
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Offshore drilling plan could add $590 bn to economy-API report
The oil and natural gas industry urged Interior Secretary Ryan Zinke to maintain his offshore drilling plan and open up federal waters from coast...- JohnAtronis Replied
- 5 replies
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More Transmountain Protests Coming
Oh, North America. I'm bored with your irrational pipeline hatred. https://www.aljazeera.com/indepth/features/canada-thousands-protest-trans-mountain-pipeline-expansion-180309060838063.html It will be interesting to see how many protestors actually show up here (they optimistically...- Rodent Replied
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- 1,598 views
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OPEC Deal Going Off the Rail
There's internal disagreement in OPEC as to what the best price of oil should be. The crack is between Saudi Arabia and Iran. Saudis...- Marina Schwarz Replied
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Venezuela's PDVSA Sues Oil Traders Over Corruption Scheme
According to their lawyer, Venezuelan state oil company PDVSA has sued a group of oil trading companies through a U.S. trust over a multi-billion...- Petar Replied
- 3 replies
- 1,882 views
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Exciting Billion$ Deals
a) Shell/Blackstone Eye $10B BHP Billiton Shale Purchase b) Sempra Gets Regulator Nod for $10B Oncor- Rodent Replied
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BP Boasts Higher Output from Aging Fields
BP's fields, including maturing ones, produced more last year than the year before, CEO Dudley says he's never seen a negative decline rate in...- Marina Schwarz Replied
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- 1,151 views
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Shale Vs. Renewables
Many see the US as mostly apathetic to the plight of the renewable energy industry.- Missy Replied
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- 1,579 views
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Oil And Corn Tout Dueling Studies On Future Of U.S. Biofuel Program
Big oil and big corn continue their clash about on proposed biofuels policy reforms. Valero Energy Corp a major oil refiner, funded a study...- Petar Replied
- 2 replies
- 1,510 views
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Chevron -- The King of the Permian
Chevron is the supermajor with the biggest acreage in the Permian and it's making good use of this acreage, it seems, partly by sheer...- Marina Schwarz Replied
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- 2,412 views
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Russia Not Joining OPEC
Russia dispelled the myth today that it may join OPEC. Nope. Nada. Not gonna happen. Did anybody really think Russia would tie itself down...- Rodent Replied
- 4 replies
- 2,552 views