Oil & Gas Industry

I’m 73 and a grandmother. Fracking has turned me into an activist

Until last year I’d never been in a protest. Now I’m due in court for trying to stop this destructive industry ruining our landscape<p>I am a 73-year-old grandmother. On a sunny day in the middle of July I found myself sitting in the central reservation of the A583 outside Cuadrilla’s fracking site …

Opinion (UK)

This Country Could Pass Saudi Arabia to Become the World's Largest Oil Producer in 2018

The U.S. is poised to take the title of world’s largest oil producer this year.<p>According to the latest report from the International Energy Agency …

Oil

Barring Major Reforms, Venezuela's Oil Industry Is Finished

The Wall Street Journal reported this week that Venezuela’s oil output in December fell by 11%, to 1.62 million barrels per day (BPD). That capped a decline of 29% in 2017 and an overall decline of 53% since the late Hugo Chávez was first elected president in 1998.<p>To put this in perspective, the …

Oil

Drillers Remove Five Rigs From Service in American Oil Fields

U.S. oil explorers shut down rigs this week as concerns mounted that American drilling has expanded too much too quickly.<p>Working rigs drilling for …

Oil

Oil prices fall as U.S. output rise outweighs crude stock falls

Oil prices slid on Friday, putting them on course for the biggest weekly falls since October, as a bounce-back in U.S. production outweighed ongoing declines in crude inventories.<p>Brent crude futures were at $68.70 a barrel at 0949 GMT, down 61 cents from their last close. On Monday, they hit their …

Oil

Schlumberger predicts strong 2018 for shale

NEW YORK: Schlumberger reported better-than-expected profit in the fourth quarter and said it expected another strong year for North American shale …

Oil

Oil And Natural Gas - Breaking The Cycle

For generations, the production of oil and natural gas has been controlled by nations that have been unfriendly, if not downright hostile, to the …

Oil

Market report: Oil slips off multi-year highs as IEA predicts 'explosive' US shale growth in 2018

Crude slipped further from multi-year highs yesterday on fears that rallying prices have left the door open to “explosive” production growth in the US shale industry flooding the market with oil once again.<p>While declining production in stricken major producer Venezuela is helping to rebalance the …

Oil

Waters Near Florida Still Being Considered for Oil Drilling

Despite Interior Secretary Ryan Zinke’s Jan. 9 declaration that Florida is "off the table" for offshore oil drilling, that activity is actually still …

Business

Shell subsidiary applies for minicab licence in London

Royal Dutch Shell has applied for a licence to operate private hire taxis in London through one of its subsidiaries, marking the first move by an oil …

Uber

Rig Count Declines as Oil Prices Extend Losses on IEA Growth Forecast

Oil prices extended their losses even though U.S. oil and gas producers took three drilling rigs offline this past week, Baker Hughes (BHGE) said on …

Oil

Small-cap focus: Oil and gas groups see signs of recovery

It has been a tough three years for the oil and gas industry. It battened down the hatches in the downturn, but there are signs there could be light …

Oil

Giant Kashagan Oilfield Resumes Output After Power Disruption

Kazakhstan’s giant Kashagan oilfield is resuming production after power disruptions cut output this week.<p>Supply from the field is expected to regain …

Oil

Govs. Hogan, Northam ask Trump administration to exempt Md. and Va. from expanded offshore drilling

A bipartisan group of governors along the Atlantic Coast are asking the Trump administration to exempt their states from expanded offshore drilling.<p>Maryland Gov. Larry Hogan (R) led the effort to send a joint letter to Interior Secretary Ryan Zinke opposing the “leasing, exploration, development …

U.S. Politics

The Offshore U.S. Oil And Natural Gas Treasure Trove

U.S. Interior Secretary Ryan Zinke recently <b>announced</b> a leasing plan for 2019-2024 that would put more than 90% of the total Outer Continental Shelf (OCS) acreage and over 98% of “undiscovered, technically recoverable” oil/gas resources in federal offshore areas in play for future exploration and …

Oil

Vintage cars at Aramco fest tell the story of oil discovery in KSA

DAMMAM: Saudi Aramco is parading four vintage American cars at the 2nd Safari Abqaiq Festival, which ends on Saturday in the Eastern Province.<br>The …

Saudi Aramco

Profit warning-hit retailers plunge as official figures expected to confirm Christmas retail sales slump

• Shares in retailers Carpetright and Bonmarche plunge following sales slumps<br>• ONS figures set to show retail sales tumbling in crucial festive period<br>• Economists expect monthly retail sales to slip 1pc in December after the previous month's sales were lifted by Black Friday sales<br>• Pound set for fifth …

Business

'PM to apprise world leaders of reforms, investment readiness'

New Delhi, Jan 19 (PTI) Prime Minister Narendra Modi will impress upon world leaders at WEF in Davos next week that India is an open economy and …

India

Lawmakers learn Ryan Zinke can’t be trusted in debate over offshore drilling

Florida senator interprets Interior secretary's statements as "just empty words."<p>Sen. Bill Nelson (D-FL) doesn’t trust Interior Secretary Ryan …

Liberal View

Venezuela's woes poised to hit U.S. oilfield service firms' earnings

© Reuters. FILE PHOTO: Man walks past PDVSA corporate logo at gas station in Caracas<p>By Liz Hampton<p>HOUSTON (Reuters) - U.S. oilfield service companies …

Commodities

OPEC Frets About Flood of U.S. Shale

OPEC increased its forecast for rival oil-supply growth for a second month running after a recovery in prices sent Brent crude to $70 a barrel.<p>OPEC’s …

Oil

Volume of fracking fluid pumped underground tied to Canada quakes

Fracking wells should <i>not</i> go to 11. Instead, turning down the volume — that is, of water pumped underground to help retrieve oil and gas — may reduce …

Earthquakes

Income investing: which sectors are poised to deliver the best dividend growth in 2018?

Although interest rates in Britain have begun to creep up, income-producing assets remain highly prized. Major dividend payers such as Lloyds and Vodafone are often among British investors' most traded stocks.<p>Overall, 2017 was a good year for dividends, with double-digit growth. But what does 2018 …

Investing

8 More Stocks That May Surge On 2018 Takeovers: Goldman Sachs | Investopedia

Corporate takeover activity is likely to heat up in 2018, according to Deloitte. The Big Four public accounting and consulting firm received …

Permian Basin

OPEC under pressure to scale back production cuts as oil rally continues

The surge of Brent crude prices over the last few weeks to $70 may be rattling OPEC, raising questions about the longevity of the collective production cuts.<p>Top OPEC officials surely did not expect such a dramatic run up in prices, at least not this early in the year. Both OPEC and the IEA have …

Oil

Letter: Fracking has made it possible to reduce emissions

Kassie Siegel’s oped (Opinion, Jan. 18) extols the voters of Monterey County for banning fracking to keep “dangerous activities from poisoning our …

Climate

EIA's U.S. Production Growth Forecast Revised Higher, But Still Too Conservative

The EIA's new STEO model is predicting U.S. crude oil production growth to slow down in 2018 and then again in 2019.<p>We believe that the forecast is …

Oil

U.S. oil drillers cut rigs for 2nd week in three -Baker Hughes

© Reuters. U.S. oil drillers cut rigs for 2nd week in three -Baker Hughes<p>Jan 19 (Reuters) - U.S. energy companies this week cut oil rigs for the …

Oil

IEA: US world's next largest oil producer

<i>0</i><p>Recent Alerts<p>Sign up to create alerts for Instruments, Economic Events and content by followed authors<p>Free Sign Up<p>Already have an account? Sign …

Stock Markets

Californians respond to Trump's Florida drilling exemption

Re <i>“</i><i>Trump administration says no oil drilling off Florida coast</i><i>”</i> (Jan. 10): When the offshore drilling plans were announced and Florida was exempted, …

Oil Drilling