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Tag: oil


Commercialization, Renewable Energy

Energy Deals Shift to Renewables and U.S. Shale Bargains

October 23, 2020

Via: Power Magazine

At a time when deal activity in the energy and natural resources sector has slowed dramatically—down 26.2% globally year-on-year—one development in particular may define the industry’s near-term future. In mid-May 2020, French oil major Total opted not to pursue a […]


Commercialization, Conventional Fuels

Gas industry calls on EU for enhancing gas contribution to decarbonisation

October 21, 2020

Via: PetrolPlaza

57 CEOs and associations representing the European gas sector sent a letter on 19 October calling on the EU institutions to ensure that EU financial mechanisms recognize gas as an indispensable part of the energy transition towards a carbon neutral […]


Commercialization, Conventional Fuels

USA: Golden Oil to open a new Amoco location in Wisconsin

October 15, 2020

Via: PetrolPlaza

Golden Oil Co., a company offering wholesale distribution of petroleum and petroleum products, will open a two-story Amoco fuel station and convenience store in East Somers, Wisconsin. The new location is scheduled to open in March 2021 and will also […]


Energy Economics

The IEA’s Latest Forecast Is Out: How Reliable Are The Price Scenarios?

October 14, 2020

Via: Forbes

The IEA’s latest World Energy Outlook has been released and at a ‘mere’ 464 pages, did not crash the internet. (When I was a boy, we would say its release meant the death of many trees for the printing.) As […]


Chemical, Conventional Fuels

Did The U.S. Become The World’s Top Oil Producer Under President Trump?

September 29, 2020

Via: Forbes

As the presidential election approaches, I am increasingly seeing claims that President Trump put the U.S. back on top as the world’s leading oil producer. So, let’s take a closer look. Here is a 2013 article from the Daily Mail […]


Chemical, Conventional Fuels, News and Policies, U.S.

Oil Industry Surprised By Trump’s Extension Of Offshore Drilling Ban. The Only Question Is ‘Why?’

September 10, 2020

Via: Forbes

At a campaign event in Jupiter, Florida on Tuesday, President Donald Trump signed an executive order that didn’t garner a lot of media attention. The President ordered his Department of Interior (DOI) to extend the moratoria that currently exist on […]


Commercialization, Conventional Fuels

Merger Shows Hope For Battered Oil Services Sector

September 4, 2020

Via: Forbes

Who says it’s all doom and gloom in the oilfield services sector? Sure, U.S. drilling and fracking activity remain near all-time lows, and the sector is drowning in red ink after a brutal second quarter, but as Baron Rothschild once […]


Commercialization, Conventional Fuels

Visualizing US Oil & Gas Production (Through May 2020)

September 2, 2020

Via: Energy Collective

This article contains still images from the interactive dashboards available in the original blog post. To follow the instructions in this article, please use the interactive dashboards. Furthermore, they allow you to uncover other insights as well. These interactive presentations […]


Energy Economics

What Should Oil Companies Do With Their Cash?

August 18, 2020

Via: Forbes

After the oil industry’s worst quarter in history, companies are taking a variety of approaches towards their finances, and getting a variety of advice and criticism from the pundits and media. Saudi Aramco’s decision to maintain its dividend has been […]


Commercialization, Conventional Fuels

Visualizing North Dakota Oil & Gas Production (Through May 2020)

August 17, 2020

Via: Energy Collective

This article contains still images from the interactive dashboards available in the original blog post. To follow the instructions in this article, please use the interactive dashboards. Furthermore, they allow you to uncover other insights as well. Visit ShaleProfile blog […]


Commercialization, Conventional Fuels

The coronavirus pandemic is debunking some long-held myths of the energy industry

August 12, 2020

Via: CNBC energy

The coronavirus pandemic has exposed some hard truths to the world’s largest oil and gas majors, energy analysts have told CNBC, with many reeling after historic second-quarter losses laid bare the financial frailty of the industry. “Big Oil” companies, referring […]


Commercialization, Conventional Fuels

Oil giants want to own only the cheapest, cleanest hydrocarbons

August 4, 2020

Via: Energy Collective

BP’s eagerness to sell its Alaskan business reflects a broader shift. According to The Economist, the oil industry faces a basic problem. If the price of Brent crude, the global benchmark, surpassed $100 a barrel, about 90% of the world’s […]


Commercialization, Conventional Fuels

Oil rises after surprise drop in U.S. inventories offsets demand concerns

July 29, 2020

Via: CNBC energy

Oil prices rose on Wednesday after an industry report showed that crude inventories in the United States fell against expectations, giving the market a boost amid record increases of coronavirus infections in the U.S. and elsewhere. Brent crude futures were […]


News and Policies, U.S.

Patterson-UTI Reports Drilling Activity for June 2020

July 7, 2020

Via: PR Newswire

HOUSTON, July 7, 2020 /PRNewswire/ — PATTERSON-UTI ENERGY, INC. (NASDAQ: PTEN) today reported that for the month of June 2020, the Company had an average of 65 drilling rigs operating. For the three months ended June 30, 2020, the Company […]


Commercialization, Conventional Fuels

Oil prices just had their best quarter in 30 years — what’s next?

July 1, 2020

Via: CNBC energy

Oil prices registered their best quarterly performance in 30 years during the three months through to the end of June, staging a dramatic comeback after falling to record lows in April. Brent crude futures skyrocketed more than 80% in the […]