Gas giant Gazprom plans to start injections of Russian gas into the 38 Bcm/year capacity Power of Siberia pipeline in the third quarter of 2019…
Tag: Oilfield
Drilling is down but Production levels are up
Working oil rigs fell by 20 this week to 805, according to data released Friday by oilfield-services provider Baker Hughes. Companies have boosted activity just…
Saudi Aramco sells first LNG as oil giant expands into gas
State-run Aramco seeks to become a “major player” in the gas industry and is looking for potential joint ventures and partnerships, Nasser said in Riyadh….
OXY Sees so much synergies in Anadarko Petroleum – Wants some of that synergie
OXY has joined the race to acquire Anadarko Petroleum APC. Occidental’s offer is far more lucrative than the proposal made by Chevron Corporation CVX earlier…
Chevron moves to Acquire Anadarko Petroleum for $33 Billion
Chevron Corporation (NYSE: CVX) announced today that it has entered into a definitive agreement with Anadarko Petroleum Corporation (NYSE: APC) to acquire all of the…
Colorado lawmakers pass law overhauling oil and gas drilling regulations
Colorado lawmakers approved a bill on regulations governing the state’s oil and gas industry, over opposition by Republicans and industry groups. – link The bill,…
Saudi Oil Company Makes More Than Apple and Exxon Combined
For the first time ever, Saudi Arabia on Monday unveiled the finances of Aramco, its national oil company, revealing that it brought in $111 billion…
Colorado House passes big anti oil & gas bill
The oil and gas bill is nearing final approval. Here’s a look at the concessions the industry won. The much-contested legislation to revamp regulation of…
What is the future use of Crude oil & Natural Gas? Does it even have one?
In the long term, Electric Vehicles will impact the price of crude oil, It will not, however, cause oil to crumble in use as is…
Should you hold Liberty Oilfield Services?
Two analysts covering Liberty Oilfield Services (NYSE: LBRT), 1 had Buy rating, 0 Sell and 1 Hold. Therefore 50% are positive. Liberty Oilfield Services has…
Two refiners in South Korea have rejected cargoes of U.S Crude Oil over poor quality concerns
Low-Quality U.S shale crude oil? The two South Korean refiners — SK Innovation Co. and Hyundai Oilbank Co. — turned away their purchased shipments of…
Millennials and Generation Zs want Oil and Gas Jobs – But are they lazy?
The oil and gas industry is facing strong competition in attracting science, technology, engineering and mathematics (STEM) talent, with 44% of STEM Millennials and Generation…
The Bakken accounted for 40% – 50% of nationwide horizontal re-frac activity
The horizontal re-frac market within the US onshore scene has boomed in recent years, with the number of horizontal re-frac jobs increasing every year over…
The U.S oil industry is boosting the economy
Even as America grabbles with its love-hate relationship with fossil fuels, the ongoing fracking revolution that’s turned the U.S. into the leading global oil producer…