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U.S. Blocks Venezuela Oil Deals Using Its Financial System
Venezuela’s state oil company and its customers will be blocked from using the U.S. financial system by late April, as the Trump administration ratchets...- BlackTortoise Replied
- 1 reply
- 1,359 views
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Are New Oil Technologies Oversold B.S.
I have been told by old timers that all the oil has already been found, the latest technology is nothing new, we should do...- technology
- oil
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- ronwagn Replied
- 6 replies
- 3,782 views
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- Marina Schwarz Replied
- 0 replies
- 2,072 views
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PetroChina To Drop PDVSA As Partner In Refinery Project
According to Reuters agency, PetroChina Co plans to drop Petroleos de Venezuela SA (PDVSA) as a partner in a planned $10 billion oil refinery...- petrochina
- pdvsa
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- ThunderBlade Replied
- 10 replies
- 4,545 views
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Reuters Poll: Brent Expected to Average $67 in 2019
The latest Reuters poll apparently tries to put a negative spin on positive news. Weird. My personal view is U.S. Shale Oil production should start...- Tom Kirkman Replied
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- 1,182 views
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Shell Sticking With Spending Discipline As 2018 Profits Soar
Royal Dutch Shell said to would stick to spending discipline this year after 2018 profits jumped by more than a third to $21.4 billion,...- Pavel Replied
- 1 reply
- 1,457 views
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Fishing Tools and Service Cost Analysis
Hi All, Can anyone please give me a fair idea of how much fishing tools and services cost per well? Kindly provide sources to calculate the...- Lokesh Kumar Replied
- 0 replies
- 947 views
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Mexico is starting to look like Venezuela... U.S. next?
Mexico is starting to look like Venezuela Mexico is in the midst of a crisis again. And no, it doesn’t have anything to do with the...- Tom Kirkman Replied
- 2 replies
- 1,630 views
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U.S. is biggest importer of Venezuelan oil. What now?
The U.S. will impose sanctions on Venezuela oil production and the EU is stopping Maduro from acquiring his gold stash. Will the Majors go back...- JoMack Replied
- 5 replies
- 4,616 views
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So how big are these terminal decline rates actually?
Significantly higher than expected terminal decline rates are seen in the Niobrara, 25 to 35%, resulting in a much faster drop in production. A...- shaleprofile Replied
- 0 replies
- 1,141 views
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How Venezuela Oil Blockade Could Spark Tanker Piracy In Caribbean
President Trump's newest sanctions attempting to curb some $11 billion of crude exports from Venezuelan state-oil company PDVSA to the United States this year has many...- AdrianC Replied
- 1 reply
- 1,403 views
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Hamsters on the U.S. Shale Oil Hamster Wheel of Debt are Running Faster to Get Less Production
My version of "treadmill" is "hamster wheel of debt". More accurate visual image, in my opinion. As WTI slows down overproducing, the rest of the...- Tom Kirkman Replied
- 20 replies
- 10,344 views
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Saudi Arabia - Last Man Standing
Saudi Arabia says it will be the last man standing when the world finally weans itself off oil. And it doesn't expect that to happen...- AdrianC Replied
- 7 replies
- 5,232 views
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Terminal Decline Rates averaging 25-30% in Niobrara - update through October 2018
Niobrara (CO & WY) - update through October 2018 This article contains still images from the interactive dashboards available in the original blog post. To follow the...- shaleprofile Replied
- 0 replies
- 1,222 views
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U.S. Shale and Fracking
This was an interesting article. However, I was not able to completely understand it. Help me out: https://oilprice.com/Energy/Energy-General/Trouble-In-Paradise-For-US-Frackers.html @William Edwards, @Tom Kirkman, @ATK, @Dan Warnick.- Osama Replied
- 2 replies
- 4,422 views
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New Tech Boosts Discoveries in Alaska
New technology boosts Alaska oil resources: Fuel for Thought And it's cutting costs so the discoveries are as cheap as those in the shale patch....- Marina Schwarz Replied
- 0 replies
- 928 views
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Humor: Saudi Aramco ready to "prepare for what we hope will be a speedy process to prepare for the IPO."
Saudi Energy Minister Khalid Al-Falih seems to be brushing up on his stand-up one liner jokes. Not The Onion: Saudis to keep Aramco’s hold on...- Tom Kirkman Replied
- 0 replies
- 1,148 views
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Islamic Development Bank to Loan Oil and LNG to Pakistan
This seems ... unusual. Islamic Development Bank to loan oil to Pakistan Pakistan has entered into an arrangement to borrow billions of dollars worth of oil The...- Tom Kirkman Replied
- 0 replies
- 874 views
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Russian Message: Oil Price War With U.S. Would Be Too Costly
According to Reuters agency, Russia should not unleash an oil price war against the United States but rather stick with output cuts even at...- ThunderBlade Replied
- 15 replies
- 5,484 views
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EIA most important number.
Like most of you I anticipate the EIA's Summary of Weekly petroleum data each Wednesday @ at 10:30 ET. The news media reports increases/decreases...- Doyle Johnson Replied
- 0 replies
- 1,151 views
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Aramco to Build Hydrogen Fuel Cell Station in Saudi A
Saudi Arabia plans first hydrogen fuel cell vehicle fueling station I know you have to start somewhere but is there a point to just one...- Marina Schwarz Replied
- 0 replies
- 1,353 views
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Oil CEO says prices are more likely to hit $90 than $40 during 2019
I don't have too much to add to this article. Unless you are new here, you have probably already seen my ad nauseum comments last...- Tom Kirkman Replied
- 1 reply
- 1,231 views
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Davos: Oil Is 'Under siege', Future Is Uncertain
When the global oil industry held its biggest annual gathering this week in the Swiss town of Davos, it invited banking bosses and fund...- ThunderBlade Replied
- 1 reply
- 1,602 views
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Middle East Remains Biggest Risk for Oil: Total CEO
Total’s CEO names his top risk for oil markets – and it’s not what you think Setting aside the clickbait headline, I think the Middle East...- middle east
- oil
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- Marina Schwarz Replied
- 2 replies
- 2,484 views
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Hamm Warns of 50% Slowdown in US Shale
https://www.argusmedia.com/en/news/1833434-crude-summit-hamm-sees-us-shale-output-growth-slowing "Producers have become more disciplined in their approach to capex," he said. "Several years back growth was a huge consideration. That consideration has been...- Marina Schwarz Replied
- 3 replies
- 2,710 views
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Socialists want to exorcise the O&G demon by 2030
Scary bedtime story worth reading. Time to wake up and smell the coffee about the evil stupidity that is inexorably heading our way. Doug Casey on...- Tom Kirkman Replied
- 61 replies
- 16,623 views
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Cheermongering about O&G in 2019
After getting fed up listening lately to fear-mongering about the apparently impending apocalypse of the Oil & Gas industry in the imminent future, here is...- Tom Kirkman Replied
- 7 replies
- 3,660 views
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Oil CEOs See Market Rebalancing as Outlook Blurred by China Risk
The oil market is gradually returning to balance as OPEC reins in output and the U.S. shale boom slows, according to executives gathered at...- pinto Replied
- 5 replies
- 1,955 views
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1.3 MBPD Oil Growth for 2019? Nope. BP CEO Says *1.4* MBPD Growth. Climate-Change Panic-Mongers to Panic More?
The virtue-signaling climate-change panic-mongers will probably not like this level-headed observation by BP CEO Bob Dudley. "Not like" being an understatement. The average annual increase in...- Tom Kirkman Replied
- 1 reply
- 1,499 views
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Tesla And Supercharger Rates
Interesting note regarding Tesla and the increase of Supercharger rates. They subsequently reduced the increase by 10%, but make no mistake about it, Supercharger...- tesla
- electric vehicles
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- Cobra67 Replied
- 0 replies
- 6,501 views