Fracking for oil and natural gas has remade the global energy industry in America’s favor. But, much of the industry’s growth has been fueled by…
Author: News
North Dakota has two to five years tell Peak Oil
Mineral Resources Director Lynn Helms, the state’s top oil regulator, said about 20% of drilling activity is now outside of the “core” areas of the…
Eagle Mountain Energy Partners Moves in on the Williston Basin
Eagle Mountain Energy Partners (“EMEP”) is a private, Houston-based exploration and production company focused on the acquisition and development of oil-weighted opportunities, primarily in the…
Production Cuts May Not Be Enough to stop crude decline
OPEC saw its crude oil production dip by nearly 500,000 bpd in January from December
Saudi Arabia is considering large oil cuts due to coronavirus
Saudi Arabia is debating a short-term oil product cut as the deadly coronavirus continues to spread, the Wall Street Journal reported, citing OPEC officials. The…
China to Support Markets as Coronavirus Spreads
The CSI 300 Index dropped as much as 9.1% as onshore financial markets opened for the first time since Jan. 23. China’s central bank said…
Wilbur Ross Says Coronavirus Will Be GREAT For US Economy?
Commerce Secretary Wilbur Ross appeared on Fox News this week to talk about how awesome the coronavirus is going to be for the U.S. economy….
How will the Coronavirus affect oilfield workers and the oil industry?
As the Coronavirus spreads throughout the world, Oil prices have been taking a beating. How are oilfield workers coping with the Coronavirus epidemic? Oilfield workers…
U.S.-Iranian Tensions Keep Oil Prices going Up
Crude Oil Price News: Brent crude futures jumped nearly $3 to hit a high of $69.16 a barrel, the highest since September 17. The Brent…
Oxy brings in former Schlumberger CEO
Occidental Petroleum added to its board of directors Thursday with the appointment of a former chief executive of Schlumberger as Oxy aims to instill more…
Oil is up , thanks to sabre rattling about Iran war.
Oil futures started 2020 with a modest gain on Thursday, as traders eyed developments in the Middle East and weighed prospects for crude supply disruptions…
Equinor, Rosneft to develop Arctic oilfield
Equinor, Rosneft to develop Arctic oilfield in joint investment. Elisabeth Birkeland Kvalheim, country manager for Equinor in Russia, said: “This is an important milestone in…
Bankruptcies coming for the energy industry
More restructuring, bankruptcies coming for the energy industry: Expert warns. Michael Bradley, Tudor, Pickering, Holt and Company managing director and senior equity salesperson, joins ‘The…
More bad news for FRAC Crews And Oilfield Services Companies
Chief Executive Chris Wright from Liberty frac The firm has no plans to add more equipment to its fleets, Chief Executive Chris Wright told investors…