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OPEC Revises UP Production Estimates for 2018
OPEC's MOMR, released today, has non-OPEC supplies increasing by 1.15 million bpd in 2018 (last MoMR had this estimated at 900,000 bpd). That's nearly...- Rodent Replied
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China changes course - Restriction Of Oil Export for N.Korea?
China’s Commerce Ministry announced how they will limit exports of crude oil, refined oil products, steel and other metals to North Korea. The experience...- Pavel Replied
- 4 replies
- 2,074 views
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Nigeria Oil Sector Looking More Inviting
so.. after 17 long years, the legislature passed a bill that would reform Nigeria's petroleum sector. Senate approved late last year, now legislature. All...- Rodent Replied
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Oklahoma Quakes Continue
New paper warns against salt water injection back into the ground with serious quakes in Oklahoma continuing. This topic seems to have lost its...- Marina Schwarz Replied
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- 2,220 views
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Oil Spill In Iraq Goes Unmentioned because it's commonplace?
Trying to wrap my head around this. TankerTrackers is reporting a possible oil spill in Iraq. "2ND UPDATE! We now have TWO anonymous industry sources...- Rodent Replied
- 3 replies
- 1,501 views
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API expected to report another draw in oil inventories today
API is expected to report an inventory draw for oil today of 3.588 million bpd, but both API and EIA data have been increasingly...- Rodent Replied
- 2 replies
- 1,834 views
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US oil production set to break record
US oil production set to increase to 10.3 million bpd next year, breaking a 1970 record of 9.6 million bpd. Between Feb 17 and...- Rodent Replied
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- 1,938 views
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Oil Industry Doesn't Even Want Public Land ...
Looks like the oil and gas industry only purchased 7% of the public land acres that the Bureau of Land Management offered up in 2017,...- LAOIL Replied
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- 2,533 views
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Europeans Talk Green, Drive SUVs
Car sales in Europe hit a ten-year high last year, with SUVs dominating the market. No mention what the portion of EVs in the...- Marina Schwarz Replied
- 1 reply
- 1,845 views
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China about to Drown Asia in Diesel
China is panting under a major glut of oil products that it is planning to dump on the regional market. That's a problem for...- Marina Schwarz Replied
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- 2,052 views
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BP to take $1.7B charge for Deepwater Horizon
BP said Tuesday it will take an additional charge of $1.7 billion (1.4 billion euros) in the fourth quarter of 2017 linked to the...- Stephen Replied
- 6 replies
- 1,990 views
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Chevron to restart drilling in Kurdistan
Chevron getting bold and fixing to restarting drilling in Kurdistan. This seems like a huge risk to me.- Rodent Replied
- 2 replies
- 1,914 views
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China props up solar demand
globally, almost $335 billion was sunk into renewable energy in 2017, almost half of this went to solar, and about 40% was from China.- Missy Replied
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Norway awards record 75 oil exploration licenses
Norway has awarded a record 75 offshore oil exploration licenses, to Statoil, Aker BP Shell, Total and ConocoPhillips among others. The licenses comprised 45 in...- Joanna Replied
- 4 replies
- 1,634 views
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Shell Says So Long, Middle East
Lots of Shell news today. Shell's finished in Iraq... officially. https://www.reuters.com/article/us-iraq-energy-shell/shell-agrees-to-sell-its-stake-in-iraqs-west-qurna-1-oilfield-to-japans-itochu-idUSKBN1F41TO- Missy Replied
- 3 replies
- 1,998 views
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NYC sues oil companies, divests
Defendants include BP, Chevron, ConocoPhillips, ExxonMobil and Royal Dutch Shell. I see they have one of the largest smog problems in america, but when it comes...- Rodent Replied
- 4 replies
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Shell approves development of gas field in North Sea
Royal Dutch Shell gave the green light on Monday for an expansion of the Penguins oil and gas field in the U.K. North Sea,...- Joanna Replied
- 5 replies
- 2,123 views
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Who's Next to Bite it in the Oil & Gas Consolidation Game?
With fundamentals improving, analysts (via Forbes) pinpoint these three oil and gas companies to disappear in mergers: RSP Permian Inc Callon Petroleum Co. Lilis Energy Inc- Seleskya Replied
- 3 replies
- 1,784 views
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Aramco IPO Slips Into 2019?
Energy Intelligence says sources from 01/10 say IPO may slip into 2019. But official word as late as yesterday says IPO still on track...- Rodent Replied
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The End Of Energy Hedge Funds?
T. Boone Pickens is closing his hedge fund and Andy Hall is apparently heading out of the business... Hedge funds have a key role...- hedge funds
- energy
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- J Owens Replied
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Oklahoma oil and teacher pay
An Oklahoma oil and gas industry group is challenging a tax on new wells that would give teachers in the state a $4,000 pay...- Rodent Replied
- 4 replies
- 6,341 views
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Cracks in the Production Cut Deal....
"Russia should start exiting a global deal to cut oil output if crude prices remain at $70 per barrel for more than six months,...- Rodent Replied
- 3 replies
- 1,812 views
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Pickens selling Texas ranch for $250 million
is open house scheduled yet? Is the price negotiable? Why is 90 year old "single man" selling it? Too many questions on this one https://www.cbsnews.com/news/oil-tycoon-pickens-selling-texas-ranch-for-250-million/- Stephen Replied
- 2 replies
- 1,904 views
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Theresa May Declares War On Plastics
T.M. vows to end all plastic waste by 2042. It includes "plastics-free" aisles in supermarkets and tax on takeout containers. Is this realistic?- Rodent Replied
- 12 replies
- 2,722 views
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Venezuela Oil Exports to US Drop
Venezuela's oil exports to US drop 12% month on month as production falls.- Rodent Replied
- 3 replies
- 2,227 views
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Falkland oil project eyes green light
An oil project in Falklands Islands is on track to get the go-ahead by the end of this year as the companies involved in the...- falkland oil
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- Stephen Replied
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- 1,736 views
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Almost too hard to believe...
but, Nigeria Escravos gas pipeline is down after an explosion--scores missing. It really is staggering how much disarray Nigeria's energy industry is.- Rodent Replied
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Norway Surprisingly Upbeat on Oil, Gas
After scores of reports bout he year's failed Arctic drilling campaign, the Norwegian Petroleum Directorate expects a rosy future over the next five years....- Marina Schwarz Replied
- 1 reply
- 2,084 views
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Rebels Attack Pipeline
Rebels resumed pipeline attacks in Colombia hours after the ceasefire expired. https://www.youtube.com/watch?v=RkZC7sqImaM- Rodent Replied
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- 3,721 views
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US gets more oil, gas future contracts
Tighter EU regulations around futures trading has caused ICE to move almost 300 future contracts to the US away from EU. In this global day...- Rodent Replied
- 1 reply
- 1,478 views