Category: Production

Exxon Mobil drops to No. 4 in world rankings of largest oil firms

While Exxon Mobil fell, Russian and Chinese companies gained in the rankings.  More »

Commentary: The shakeout in US shale

My favorite quote by H.L. Mencken is ‘a cynic is a man who, when he smells flowers, looks around for a coffin‘. A bit morose, I know, but this appeals to the contrarian in me. My second favorite is überly-applicable to US shale oil break-evens: ‘For every complex problem there is an answer that is […]  More »

Goldman says OPEC in dilemma as output cut seen helping U.S.

While the slide in prices into a bear market increases the chances of a reduction, trimming output by more than 500,000 barrels a day would mean further cuts are needed starting 2016 as higher prices prompt more U.S. drilling.  More »

Shale drillers keep output high despite oil price decline

Companies said they expect to pump more from their prime properties while cutting back in their least productive prospects.  More »

Hess, Chevron see first oil flow at Tubular Bells

Hess Corp.’s quest to harvest crude from its Tubular Bells field in deep Gulf of Mexico waters has culminated in oil now flowing at a massive production facility 45 miles from shore.  More »

New Mexico county passes strict drilling rules as state judge considers wider ban

The new ordinance supersedes a moratorium on oil and gas development that had been in place since 2010.  More »

Production starts at natural gas development in Malaysia

Startups in Malaysia are expected to add about 60,000 barrels of oil equivalent per day to ConocoPhillips production volumes by 2017.  More »

Threats to global oil supply still exist, IEA says

The U.S. shale boom masks threats to global oil supply including Middle East turmoil, conflict in Ukraine and the difficulty of unconventional oil production beyond North America, the International Energy Agency said.  More »

Iraqi forces retake most of strategic oil town

Iraqi soldiers battling the Islamic State group recaptured most of the town of Beiji, home to the country’s largest oil refinery.  More »

Canadian heavy oil boosted as Imperial shuts Kearl operation

Operations were suspended after vibrations were detected in an ore crusher unit at the site, the company said in an e-mailed statement.  More »

U.A.E. concerned that oil glut may curb exploration, production

“What worries us is that some investors will not continue to invest,” United Arab Emirates’ Energy Minister Suhail Al Mazrouei said.  More »

Halcón to pull back from Tuscaloosa Marine Shale

The decision underscores the wide disparity between the economics of established shale plays and younger ones.  More »

Report: Look for offline oil, find political unrest

Oil production around the globe is a canary in the coal mine, with major disruptions providing a strategic warning about growing instability and persistent violence around the world.  More »

Pemex loss widens as private investment nears

Falling oil prices and declining production drove the loss, executives told investors on a Friday conference call.  More »

David Stover moves into top job at Noble Energy

David Stover has been named Noble Energy CEO, under succession plan announced in April.  More »
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