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Permian Basin is Booming!
The increased output from the Permian Basin, located in West Texas and Southeastern New Mexico, has been the biggest contributor to the growth of super majors.A handful of industry insiders have recently speculated that the Permian may be on its way out, noting that well productivity in the Permian is declining.
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Cheniere Working on Sabine Pass Trains 3, 4
Cheniere Energy Inc said on Monday it is conducting previously scheduled turnarounds on Trains 3 and 4 at the Sabine Pass liquefied natural gas (LNG) export terminal in Louisiana as part of its maintenance plan for the facility.The company did not say when the units would likely return…
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U.S. Crude Stockpiles Unexpectedly Rise - EIA
U.S. crude stocks rose last week, while gasoline and distillate inventories also rose, the Energy Information Administration said on Wednesday.Crude inventories rose by 2.4 million barrels in the last week, compared with analysts' expectations for a decrease of 2.8 million barrels.Crude stocks at the Cushing…
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Permian Fracking Sets New Records
Hydraulic fracturing operations in the Permian shattered old records in June. The prolific shale basin in Texas and parts of New Mexico in the US has reached new heights in terms of the number of fracked wells – both on a daily basis and in terms of absolute monthly wells. Rystad…
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US Drillers Add Oil Rigs
U.S. energy firms this week increased the number of oil rigs operating for the first time in seven weeks despite plans by most producers to cut spending on new drilling this year.Companies added six oil rigs in the week to Aug. 16, the biggest increase since April, bringing the total count to 770…
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Trafigura Started Crude Shipments via U.S. Pipeline Cactus II
Global commodities trader Trafigura has started shipments of Permian basin crude to the Corpus Christi oil hub in Texas via…
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Baker Hughes: U.S. Cuts Rigs for Fifth Straight Week
U.S. energy firms this week reduced the number of oil rigs operating for a fifth week in a row as most independent producers…
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KY Gasline Erupts in Flames, One Dead
A natural gas line erupted in a ball of flames that could be seen for miles over a residential community in rural Kentucky on Thursday…
Latest news
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Canadian Natural Resources eyes Rail Contracts
Canadian Natural Resources, the country's biggest oil and gas producer, is looking at taking on the Alberta provincial government's…
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Oil slumps 7% as More Tariffs Loom
Oil prices plummeted more than 7% on Thursday, with the U.S. benchmark posting its worst day in more than four years, after…
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TC Energy: Order Blocking Keystone XL Pipeline Lifted
TC Energy Corp's long-delayed Keystone XL oil pipeline took a small step forward this week, after a U.S. court overturned…
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US Fracking Rate Goes Up
Fracking operations across the US have realized a material uptick in June this year after an essentially flat trend from February to May…
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U.S. Court Vacates Dominion Atlantic Coast Natgas Pipe Permit
A U.S. appeals court in Richmond, Virginia, on Friday vacated a permit by the U.S.
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Permian Midstream Bottlenecks May Choke Output
Rapidly rising production in the Permian basin has led to soaring levels of associated gas, outpacing pipeline infrastructure…
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Light Sweet Crude Exports Jump at LOOP
The Louisiana Offshore Oil Port (LOOP) exported a record 283,333 barrels per day of light sweet crude last month, according to trade sources…
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US Drillers Add Rigs
U.S. energy firms this week increased the number of oil rigs operating for a second week in a row with oil futures up about…
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US Rig Count Climbs
U.S. energy firms increased the number of oil rigs operating for the first time in the past three weeks as U.S. crude futures…
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Chinese Ship Returns to Vietnam's EEZ
A Chinese survey ship returned to Vietnam's exclusive economic zone off its coast on Tuesday, ship tracking data showed,…
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Mexico's Pemex Narrows Loss
Mexican state oil company Pemex reported a narrower loss of 52.7 billion pesos ($2.7 billion) in the second quarter on Friday…
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Shell, Nigerian Agree to Reopen Oil Flow Station
International oil major Shell and Nigerian stakeholder communities agreed to reopen the flow station for the Oil Mining Licence 25…
Exploration
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Empyrean Energy to Spud Well in Indonesia
Australia's Empyrean Energy provided an operational update in relation to the upcoming drilling campaign in the Duyung PSC in the West Natuna basin…
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Gazprom Lead Oil and Gas Growth Worldwide
Russian giant Gazprom saw the most production growth among world’s exploration and production (E&P) companies during the…
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EOG Bags Offshore Ireland Licence
United Kingdom-based exploration and production company Europa Oil & Gas (EOG) has been awarded a 15-year frontier exploration…
Drilling
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Gazprom Oil Touch 100mln Barrels at Badra
Russian oil producer Gazprom Neft said that its subsidiary Gazpromneft-Badra has now produced 13.5 million tonnes — or 100…
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Woodside Begins Greater Enfield Project
Australian energy giant Woodside has announced in a press release that it will produce first oil from its Greater Enfield…
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Total Extends Pacific Santa Ana Gig
Offshore drilling contractor Pacific Drilling has been awarded a one-well extension for its drillship working for French…
Production
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Sinopec Resumes Output at Most Wells Shut by Typhoon
Sinopec Corp has resumed operations at most of the oil and gas wells at its top-producing oilfield, Shengli in east China…
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W African Firm Builds LNG Import Capacity
Equatorial Guinea is set to construct the first liquefied natural gas (LNG) storage and regasification plant in West Africa…
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First Production for Freeport LNG
Freeport LNG has reached a new milestone - it has become the sixth major US liquefaction facility to start up, with the operator…
