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US oil production ticked up slightly for week ending May 17. coming in at 12.2 million bpd- just 100.000 bpd off the April 26 high of 12.3 million bpd.
Read More »Active Oil Rig Number Falls amid Oil Price Correction
Oil Prices Rise as US-China Trade Tensions Rise
Investors are focusing on the US-China trade tensions.
Read More »U.S. Shale Output to Hit New Record of 8.49 Million bpd in June
The EIA projected gas output would increase in most of the big shale basins in June.
Read More »Baker Hughes New Tech to Reduce Natural Gas Flaring in Permian
Most standard hydraulic fracturing fleets are powered with diesel engines mounted on trailers.
Read More »Shale Gas Potentials for Australia
Recent estimates from companies exploring the area suggest that the shale gas resources could be even larger than first thought.
Read More »Iran’s National Oil Company to Open Office in Iraq
The two sides agreed to let NIOC set up a representative office in Iraq to facilitate activities by Iranian producers.
Read More »Saudi Taqa has Purchased Schlumberger`s Middle Eastern Drilling Business for $1.2 Billion
Taqa plans to use about $800 million of its own funds for the planned acquisitions.
Read More »Shell`s New Deepwater Discovery in Gulf of Mexico
This discovery in a Shell heartland adds to the company’s Paleogene exploration success in the Perdido area.
Read More »Cuba is China’s Newest Oil Hotspot
Cuba desperately needs new oil to help meet its energy needs.
Read More »Cuba is China’s Newest Oil Hotspot
Cuba desperately needs new oil to help meet its energy needs.
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