Quotes of oil rose by almost 2% on Wednesday after Saudi Arabia said it would reduce oil exports and provide an even more significant reduction…
Author: News
FTS International, Inc. announced preliminary financial and operational results
FTS International, Inc. FTSI, +5.47% (the “Company” or “FTSI”) today announced preliminary financial and operational results for the fourth quarter of 2018. Preliminary Fourth Quarter…
The Frack sand Glut Means 19% Drop in Prices
West Texas sand used in the hydraulic fracturing process will drop 19 percent this year to about $30 a ton compared to 2018, according to…
13.2 million barrels a day by 2020
The U.S. Energy Information Administration lifted its forecasts for U.S. crude production for this year and next and cut its 2020 forecasts for U.S. and…
Oil Glut you say? Here Comes Some More!
U.S. crude stockpiles were forecast to have risen last week for a fourth straight week, ahead of data from the American Petroleum Institute (API). Also…
Essentially an end for Fracking in the U.K – No plans to review gas fracking rules: British government
Chemical giant Ineos and fracking firm Cuadrilla earlier this week said current restrictions around seismic events at fracking sites could force the industry to close….
BLM rakes in a record-breaking $1 billion from O&G lease sales
Acting Secretary of the Interior David Bernhardt today announced that Interior Bureau of Land Management (BLM) state offices generated $1.1 billion from oil and gas…
A Game-Changer for South Africa?
By Tsvetana Paraskova France’s major Total said this week that it had made a significant discovery on the Brulpadda prospects off the southern coast of…
India is looking to expedite discovery efforts to establish the country’s shale oil and gas
India is looking to expedite discovery efforts to establish the country’s shale oil and gas potential and has asked companies to submit a plan, two…
Officials concerned by sharp increase in oil train traffic from Canada
Safety officials concerned by sharp increase in oil train traffic from Canada. Oil imports by rail from Canada have hit a historic high, meaning more…
Alberta’s oil sector is under intense pressure / Oilfielddads
Alberta’s oil sector is under intense pressure from an economic downturn, cuts to production and uncertainty around the Trans Mountain pipeline expansion project, leaving many…
Increase in the number of drilling rigs
WTI oil continued to cautiously rise in price after the publication of the weekly report by Baker Hughes, despite the fact that it signaled an…
Noble Energy Buys Stakes in Two Permian Basin-to-Corpus Christi Pipelines
A subsidiary of Houston oil company Noble Energy purchased stakes in a pair of pipelines to move crude oil and natural gas liquids from the…
New Mexico signs one of the strongest climate executive orders in the nation.
New Mexico’s booming oil and gas industry could soon hit a speed bump if a proposed bill creating a four-year moratorium on any new state…