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Frac Water Demand to Increase 30% by 2022
Frac water demand is expected to increase 30% by 2022, with 53% of that increase taking place in the Permian Basin, said Rystad Energy in its recently released “Water Management Report”.The increase in water demand is mostly driven by increases in forecasted completions activity,…
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ProPetro Cuts Almost 150 Workers
ProPetro Holding Corp this month cut about 150 workers, people familiar with the matter said on Monday, the latest sign of growing trouble in the oilfield services sector as U.S. shale producers reduce drilling.The job cuts reflect slowing shale activity due to weak prices for oil and gas…
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Oil Dips on doubts Around Latest U.S.-China Trade News
Oil prices slumped more than 2% on Monday on worries that global crude demand could stay under pressure as a lack of details about the first phase of a U.S.-China trade deal dimmed hopes for a quick resolution to the tariff fight.Brent crude dropped $1.26, or 2.1%, to $59.25 a barrel by 12:19 p.m. EDT (18:19 GMT), while U.S.
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US Crude Exports Expected to Double by 2022
The U.S. could see its crude oil exports nearly double by 2022, according to energy research firm Rystad Energy. US crude exports could grow from current levels of 2.9 million barrels per day (bpd) to nearly 6 million bpd by 2022.With US production expected to increase by 1.2 million bpd year-over-year (y/y) in 2020…
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Low on Labor?
How employers in the energy sector can address the labor shortageEarlier this year, the U.S. Department of Labor released data showing that the U.S. economy had 7.6 million unfilled jobs while only 6.5 million people were looking for employment. The energy sector is not immune to this phenomenon. In fact, the U.S.
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U.S. Drillers Cut Rigs Again: Baker Hughes
U.S. energy firms this week reduced the number of oil rigs operating for a seventh week in a row as producers follow through…
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Halliburton Introduces Automated Drilling Telemetry Service
Quick and reliable data transmission enables faster well deliveryOilfield services company Halliburton released a new measurement…
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Oil Prices: Chinese Data Eases Concerns
Oil prices rose today (Monday, September 30) after China’s factories unexpectedly increased production over the past month…
Latest news
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US Shale is Not Doomed, Says Rystad Energy
Though bankruptcies among U.S. onshore exploration and production (E&P) companies are on the increase during these days,…
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Oil Falls 1% on Surprise U.S. Crude Build, Saudi Crude Output
Oil shed more than 1% on Wednesday, logging a second straight day of losses after U.S. crude stockpiles unexpectedly rose…
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Oil Prices Extend Losses After Saudi Pledge
Oil prices retreated about 2% on Wednesday, extending the previous day's declines after Saudi Arabia said it would quickly…
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U.S. oil production remains near record high
U.S. crude production remained close to a record level in June but growth has slowed significantly since the end of last…
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Battered U.S. Oil Producers Soar on Saudi Attacks
Shares of U.S. oil and gas companies surged on Monday, as a jump in oil prices in the wake of attacks on Saudi Arabia's oil…
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US Rig Count Slides
U.S. energy firms this week reduced the number of oil rigs operating for a fourth week in a row as producers cut spending…
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US Shale to Peak at 14.5Mbpd in 2030
US shale supply will peak at approximately 14.5 million barrels per day (bpd) around 2030, said the energy research and business…
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Tax Breaks Approved for Russia's Largest Oilfield
Russia's finance ministry has in principle approved tax breaks for developing the Priobskoye oilfield, Russia's largest, to oil giants Rosneft and Gaz
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Baker Hughes: U.S. Oil Drillers Cut Rigs Again
U.S. energy firms this week reduced the number of oil rigs operating for a third week in a row after drilling slowed for…
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Gas Flaring Dips in the Permian
Natural gas flaring in the Permian dropped in the first quarter of 2019 – the first drop in one-and-a-half years, according…
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Eni Starts Production at Obiafu 41
Italian oil major Eni said it has started gas and condensate production from the Obiafu 41 discovery, Niger Delta, three weeks after well completion.
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Canadian E.Coast LNG Export Plans Progress Shell Deal
Pieridae Energy moved closer to building a liquefied natural gas (LNG) export terminal on Canada's East Coast after taking…
Exploration
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Eni Starts Production at Obiafu 41
Italian oil major Eni said it has started gas and condensate production from the Obiafu 41 discovery, Niger Delta, three weeks after well completion.
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19 Fields in Production at Norwegian Sea
Norwegian Sea area, which is twice the size of the North Sea, has 19 fields in production and numerous discoveries are being…
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Shell Aims to Operate Egypt Concessions in 2020
Royal Dutch Shell is aiming to start operating in its concession areas in Egypt in the second half of 2020, a senior executive…
Drilling
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Offshore Wind & Politics: Bernie Sanders
Offshore wind is hot, and so too is the race to win the Democratic presidential candidate nomination for the 2020 U.S. presidential election.
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Halliburton Promises Cost Cuts
Halliburton Co on Monday promised more cost cuts after reporting a bigger-than-expected drop in quarterly revenue as the…
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Schlumberger Profit Beats Estimates
Schlumberger NV beat Wall Street estimates for profit on Friday, in the first quarter under Olivier Le Peuch, as higher international…
Production
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Gazprom Integrates All Companies in Tax Regime
Russian energy company Gazprom said that six companies of the Group – Gazprom Dobycha Astrakhan, Gazprom Transgaz Samara…
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First Oil From Johan Sverdrup Reaches Mongstad
Oil from the giant Johan Sverdrup field in the Norwegian sector of the North Sea has arrived at the Mongstad plant north…
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Green Shipping Fuels of the Future
Ammonia and hydrogen are promising potential fuels of the future in a de-carbonized shipping industry, which has to switch to alternative…
