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U.S. offshore oil, gas drilling safety regs may soon relax
The burden on the US oil industry may soon lighten as department of interior considers easing of safety regulations that were put in place...- Rodent Replied
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- 1,406 views
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Fatter US oil drilling budgets for 2018?
I expect US drillers to now increase their drilling budgets nicely for Q1/2 2018. Makes sense if they scaled back drilling budgets when prices...- Seleskya Replied
- 3 replies
- 1,527 views
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New Arctic Well Spudded
Oil exploration in U.S. Arctic waters got underway this week with the spudding of a new oil well from the man-made Spy Island in...- Meanwhile Replied
- 10 replies
- 2,333 views
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New Service For Cushing Oil Inventory Report
https://www.cushingoilinventory.com/?gclid=Cj0KCQiAyZLSBRDpARIsAH66VQKEXEGKCLyyTNqWPrpAYLJjjDUasr6zLX_rvVJH7xWPSdyElgMW_kkaAlySEALw_wcB new service for reporting cushing inventory ahead of the EIA. They fly over oil storage and provide same-day reporting on the levels. However... "We capture...- Rodent Replied
- 1 reply
- 1,969 views
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China halts oil products' exports to North Korea
Last week, the UN Security Council unanimously voted in favor of the resolution to introduce new sanctions against North Korea for its continuing ballistic...- china north korea
- north korea sanctions
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- Stephen Replied
- 14 replies
- 2,443 views
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What if.....?
What if Saudi Arabia decided to exit OPEC's production cut deal as soon as its IPO is launched? They need higher oil prices to...- Rodent Replied
- 2 replies
- 2,129 views
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Mexico's Failing Light Crude Opens Door For Light Tight from US
Mexican light crude is being kept at home, limited how much is available for export. Guess who's gonna fill the gap left int he...- Rodent Replied
- 3 replies
- 1,731 views
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Five Oil Signals to Watch in 2018
Five Oil Signals to Watch in 2018 Nothing really new or surprising except the possibility of disruptions in Iran. Things seem pretty calm there right...- Marina Schwarz Replied
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- 1,584 views
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Permian oil needs truckers, but truckers don't want to play anymore
Oil truckers in the Permian Basin (Texas) who were fired when oil prices tanked in 2014 are now back in high demand as prices...- permian basin
- crude
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- TraderTate Replied
- 11 replies
- 2,251 views
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Chinese State Oil Chiefs Get Paid Peanuts (by comparison)
I had no idea that leading a Chinese state-run oil giant was so .. not lucrative. The recently resigned chairman of state-run Sinopec reportedly...- LAOIL Replied
- 4 replies
- 1,782 views
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Barclay's calls sharp oil correction in 2018
With all the bullishness raging on in oil now, especially after Libya's pipeline attack that took some 90,000 bpd offline for at least a...- LAOIL Replied
- 3 replies
- 1,670 views
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Can the Vaca Muerta Threaten OPEC's Plans?
Exxon's started exporting gas from Argentina's Vaca Muerta shale. I don't think OPEC are factoring Argentina's shale oil and gas into their plans, I...- Marina Schwarz Replied
- 0 replies
- 1,560 views
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Is BP changing its tune on US Shale
CEO Bob Dudley no longer sees U.S. shale being the swing producer he thought it would be. Could this be smokescreen for soaring, record shale...- Stephen Replied
- 2 replies
- 1,505 views
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The Senate tax bill would allow oil drilling in Alaskan wilderness
http://money.cnn.com/2017/12/03/news/economy/murkowski-senate-tax-bill-alaska-wildlife-oil-drilling/index.html I love then they say that the tax cuts will help middle class. There is no middle class in US anymore- Stephen Replied
- 13 replies
- 2,028 views
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Saudis expect oil revenue to jump 80% by 2023
Saudi Arabia expects oil revenue to jump about 80 percent by 2023 to help the kingdom record its first budget surplus in a decade- Meanwhile Replied
- 0 replies
- 1,321 views
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Saudis Plan 80% Spike in Oil Revenues
Saudis Expect Oil Revenue to Increase 80% by 2023 I can't help wondering if someone woke up thinking "Let's produce some news" or all that...- saudi arabia
- oil
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- Marina Schwarz Replied
- 0 replies
- 1,172 views
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US administration halts funding for drilling safety study
US administration has paused its funding for a major study meant to improve how regulators enforce offshore oil and natural gas drilling safety.- Joanna Replied
- 15 replies
- 2,342 views
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Libyan Crude Production Hits 4-Year High
Despite the ongoing struggle for control of Libya's oil wealth (and this is probably going to go back and forth for some time to...- Seleskya Replied
- 0 replies
- 1,863 views
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North Sea Forties pipeline to restart early January
They've announced that the Forties pipeline for North Sea oil is going to restart ... oil prices haven't really responded to that. Still stable...- north sea
- forties crude
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- Seleskya Replied
- 1 reply
- 1,575 views
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Some perspective on future oil demand
Here some good perspective on where oil demand might be headed, when you put all the demand forecasts from the EIA side by side...- Seleskya Replied
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- 1,801 views
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- Rodent Replied
- 1 reply
- 1,550 views
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How a Climate-Denial 'Think Tank' Funded by Big Oil is Now Biting the Hand that Feeds It
Interesting story on this 'think tank', Heartland, which was funded by Big Oil to get the Climate denial message out, but is now out...- climate
- climate change
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- LAOIL Replied
- 1 reply
- 1,610 views
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Eni's "Mission Impossible"
Italian Eni SpA succeeded in producing gas from the Mediterranean's largest gas field Zohr. Nobody believed they would do it but pumping began this...- Selva Replied
- 1 reply
- 2,300 views
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PDVSA's Citgo on the chopping block
I wondered who would be the first to capitalize on the debacle that is PDVSA/Venezuela. I hadn't figured it would be Canada. Canadian miner Crystallex...- Rodent Replied
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- 1,253 views
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FERC set to make changes
Not sure how far these changes will go, but FERC says oil and gas pipeline approval process will be reviewed. Also, it will tighten...- Rodent Replied
- 0 replies
- 5,904 views
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U.S. Bank Caught Cheating on Anti-Oil Pledge
US Bank Declares End to Oil and Gas Pipeline Loans—Then Quietly Joins $4B Deal with Dakota Access Owner- Marina Schwarz Replied
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- 1,471 views
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Big Meat Worse than Big Oil
The meat industry is, apparently, a bigger producer of harmful emissions than Big Oil. Something for Big Oil to boast about.- Marina Schwarz Replied
- 3 replies
- 6,750 views
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Nigeria Oil Tracking
Nigeria is now saying it has achieved 98% automation when it comes to tracking its oil. It now says it can track every single...- nigeria
- automation
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- Rodent Replied
- 1 reply
- 1,559 views
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The Biggest Corporate Bribery Trial in History
Former executives from oil Royal Dutch Shell and Eni are to be tried on charges of aggravated international corruption for their role in a...- Selva Replied
- 7 replies
- 2,453 views
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Forties to return to normal operations in January
Supplies about 40% of all UK's daily oil and gas consumption, but still down, and will be down, according to Ineos, until "early January"....- Rodent Replied
- 0 replies
- 1,338 views