EIA Calls Peak Shale as Drilling Activity Declines
Peak shale may already be behind us. U.S. crude oil production is now forecast to slip from a…
Permian Oil Producers Face Higher Costs With New Saltwater Rules As if WTI oil prices in the low $60s per barrel aren’t enough to slow production growth at America’s top producing shale basin, the Permian, new guidelines for permitting saltwater disposal
As if WTI oil prices in the low $60s per barrel aren’t enough to slow production growth at…
OPEC Oil Production Fell Short of OPEC+ Target in May
OPEC’s crude oil production in May increased less than called for in the OPEC+ agreement which had a…
Morgan Stanley: OPEC+ Fails to Deliver on Output Pledge
The 411,000 barrels daily that OPEC+ said it would add to oil production in May have not materialized,…
Permian or Bust? U.S. Oil Growth Has a One-Basin Problem
The Permian basin has been the chief growth driver for U.S. shale oil production. The most prolific shale…
StanChart: OPEC+ Is About To Become Much More Transparent
A week ago, the 39th OPEC and non-OPEC Ministerial Meeting was held via videoconference, chaired by Prince Abdulaziz…
TotalEnergies Boosts Stake in Brazil’s Lapa Oil Field to 48%
TotalEnergies (NYSE: TTE) has signed a strategic asset swap agreement with Shell Brasil to raise its operated interest…
Santa Barbara County Judge temporarily halts Sable Offshore’s plans to restart oil production off the Gaviota Coast
SANTA BARBARA, Calif.—Linda Krop has been fighting for what she explains as environmental justice. “There’s been no environmental review.…
Oil and Gas Investment in Colombia Sees Uptick Despite Hurdles
In recent years, Colombia’s oil production and reserves have been in decline and interest in investing in the…
Alberta Wildfires Shut About 7% of Canada’s Oil Production
(Bloomberg) — Wildfires in Canada’s energy heartland of Alberta have shut down almost 350,000 barrels of daily heavy…
Shell Boost Stake in Nigerian Deepwater as TotalEnergies Exits Bonga Oilfield
Shell will buy TotalEnergies’ 12.5% non-operated stake in the deepwater oilfield Bonga offshore Nigeria, where the UK-based supermajor…
Oil Demand Growth Faces Significant Headwinds
For most of the past century, energy producers could count on steady oil demand growth. From industrial development…