Tag: Saudi Arabia

Nine countries that could hold the next Eagle Ford

The U.S. economy has enjoyed an energy renaissance thanks to technology like fracking and horizontal drilling that unlocked previously inaccessible geological formations. Some of that same technology is now poised to be used around the world.  More »

Domestic crude begins to cut into Saudi U.S. sales volumes

Until recently, Saudi Arabia’s volume of oil sales to the United States grew even as overall imports fell.  More »

Chevron gets approval for $1 Billion Calif. refinery project

Chevron must meet several conditions imposed by the Richmond planning commission while installing a new hydrogen plant at its complex, including limits on sulfur processing and emissions.  More »

Shale shifting flows at America’s biggest oil port

With domestic production at a 28-year high, LOOP’s managers are thinking the previously unthinkable: They want to reverse the flows and send North American oil out as well as take foreign oil in.  More »

Hacker group claims launch of cyberattacks on global energy companies

A network of hackers called AnonGhost says it has launched a barrage of cyberattacks on international energy companies Friday, in a political strike against the widespread use of U.S. currency in oil trades, especially in Middle Eastern states.  More »

Report: Iraqi strife could bring back 2008 oil prices

If the conflict in Iraq forced a third of the country’s oil production offline, it could thrust crude prices up $40 per barrel, a group of former military leaders and energy experts warned Tuesday.  More »

Saudi oil minister’s good times will last as lost output lifts prices

Saudi Arabia is showing satisfaction with oil prices at a time when OPEC’s collective influence seems diminished.  More »

Posing a question: How do yoga revenues compare with Eagle Ford costs?

Oil companies will spend about $27 billion drilling wells in the Eagle Ford Shale this year, according to Houston energy research firm Wood Mackenzie.  More »

Energy supply requires $40 trillion investment to 2035, IEA Says

More than half of that amount will be needed to compensate for declining output at mature oil and gas fields, and the remainder on finding new supplies to meet rising demand, the Paris-based agency said in a report Monday  More »

Saudi gas reserves up as Aramco taps new shale deposits

Saudi Arabia’s natural gas reserves rose last year as it explored for the fuel in the Red Sea and tapped shale gas to free more crude oil for export, according to the kingdom’s state-run oil company.  More »

Chevron banks on Mideast oil for Calif. refinery

Chevron Corp. plans to run higher- sulfur Alaskan and Middle Eastern crudes when it completes work at Northern California’s largest refinery in 2016, not the Bakken oil helping spur the U.S. path to energy independence.  More »

BP selling stakes in Alaska’s North Slope to Houston company

BP is selling off stakes in four Alaskan oil fields near the gigantic Prudhoe Bay, a move that would cut about 15 percent of its crude production in the state, the company said late Tuesday.  More »
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