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Mexico’s National Center for Natural Gas Control (CENAGAS) conducted its first open season for capacity rights to its natural gas pipeline grid. The auction took…
Abu Dhabi looks to publicly list parts of its national oil company The United Arab Emirates plans to list part of its national oil company…
Compliance falls below 100 percent OPEC’s grip on the oil market seems to be slipping away, as its newest Monthly Oil Market Report shows production…
Crude oil inventories fall 6.3 million barrels; WTI climbs from $45 to $46.50 and back Crude oil inventories decreased by approximately 6.3 million barrels in…
In its appearance at EIA’s annual Energy Conference last week, Wood Mackenzie gave a presentation on crude oil exports, saying that U.S. crude oil exports…
Trinidad, Senegal, Egypt efforts bear fruit BP announced highlights of its Q2 2017 exploration activities today, collecting the results of several different projects. Four discoveries…
Only 40 percent of imported crude came from OPEC in 2016 OPEC’s share of U.S. oil imports has been declining, and has dropped sharply over…
Imports and output of natural gas rose more than twice the expected amount this year in China Imports and domestic output of natural gas are…
Total exports more than doubled since 2010; Canada drops from 92 percent of U.S. exports to 58 percent Rising production from shale formations has fundamentally…
Independent E&P companies saw liquids reserves decline again in 2016, as lower prices continued to squeeze producers. Oil prices in early 2016 dropped to the…
High acreage costs beginning to affect economics in the Delaware The Permian has enjoyed a rush of capital since oil prices began to recover from…
Phase 1 will produce 450 MMBO ExxonMobil (ticker: XOM), Hess (ticker: HES) and CNOOC today announced FID for Phase 1 development of the Liza field…
Crude oil prices hit a five-week low Wednesday as OPEC production rose and U.S. inventories showed smaller than expected draws. OPEC has been trying to…
Petroleum industry’s total economic value for California—larger than 15 U.S. state economies A new economic study released today by The Los Angeles County Economic Development…
Shell lifts force majeure on Forcados oil in Nigeria Royal Dutch Shell (ticker: RDSA) lifted force majeure on exports of Nigeria’s Forcados oil grade, returning…
Iraq is planning to triple its refining capacity as the third-largest oil exporter increases crude oil production, Bloomberg reported, based on an interview with an…
Decreasing production in 2016 not enough to dethrone U.S. oil and gas industry Despite the lowest commodity prices in 13 years, U.S. oil and gas…
7.2 percent production growth coming in 2018: EIA The U.S. will break a 47-year record next year, according to the EIA, as shale production continues…
More draws predicted for late 2017, 2018 The oil market rebalancing is in progress, even if it is slower than expected, according to releases by…
A new MoU between BP and Rosneft will see more Russian natural gas flowing to Europe BP (ticker: BP) and Russian oil giant Rosneft signed…