Oil down slightly as Fed signals easing of stimulus
Meanwhile the nation’s inventory of crude oil grew 0.1 percent. More »
“Experience” Is Not The Same Thing As Achievement
In oil & gas I’m dismayed to see that the phrase “has more experience” is sometimes used interchangeably with the phrase “has been around longer”. There’s a clear difference, and it’s important to see both what that difference is and what its implications are. More »
Opinion: A protest in U.S. oil country spells trouble for fracking abroad
Gardendale, Texas, sits on the Permian Basin, the largest oil province in the United States. That makes it an unlikely site of anti-fracking protests and an even more unlikely bellwether for shale gas drilling activity in Europe and Asia. And yet it is. More »
U.S. needs oil sands as surge from shale bonanza seen overdone
The U.S. will continue to need crude from Canada’s oil sands because rising production from its shale formations is too expensive to maintain. More »
Houston in running to host global oil and gas ‘Olympics’ in 2017
A top oil and gas industry trade group is pushing to bring the triennial World Petroleum Congress to Houston in 2017, 30 years after the city hosted the last such gathering held in the United States. More »
Sundance energy will look to acquire more U.S. shale assets
Sundance Energy Australia Ltd. (SEA), an explorer that entered the Eagle Ford shale formation of Texas this year with the purchase of Texon Petroleum Ltd., said it will look to make further U.S. oil and gas acquisitions. More »
Shale drillers squeeze costs as era of exploration ends
The pioneers of America’s shale gas and oil revolution have done their work. Now it’s time for the factory crews to take over. More »
Oil hunted in Mozambique after world’s largest gas discoveries
Statoil ASA (STL) and Tullow Oil Plc (TLW) are finishing a well aimed at achieving the first commercial oil discovery in Mozambique, the East African country where explorers have made the century’s largest natural gas finds. More »
Opinion: U.S. oil booms and nowhere to sell it
Just when we were getting used to the surge in natural gas production, a second unexpected U.S. energy boom enters the picture: oil. More »
Oil staying above $96 ahead of US factory data
Oil prices were up slightly Friday as traders awaited the release of industrial production data from the U.S. later in the day. More »
Occidental split foreshadows $100 billion breakup wave
Occidental Petroleum Corp. (OXY)’s proposal to split its U.S. and foreign businesses is pressuring more oil companies to follow suit, as the allure of breakups to create more than $100 billion of market value entices investors. More »
EIA’s Reports This Week on Shale, Gales, and Tipping the Scales
Alrightee, there have been a number of key reports from the EIA this week which have prompted me to present some pertinent points, and pose some ponderations. So below is the skinny from three reports on shale, gales (well, hurricanes), and tipping scales (…of market balance). Shale Oil and Shale Gas Resources First up is [...] More »
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