Schlumberger, drilling, oilfield services, U.S., North America, Kibsgaard, technology, costs, Gulf of Mexico, Latin America

North America, Technology Lift Schlumberger To Profit

North America revenue grew by 6% to $1.9 billion, while international revenue dropped by 7% to about $4.9 billion compared with the previous quarter.

2:06 pm
Crude Oil Gas Outlook The New Bullish

Crude Oil, Gas Outlook: The New Bullish

For crude prices to average $50 to $52 in 2017, OPEC must extend quotas and maintain compliance, and demand must increase, according to a report.

10:25 am
podcast fracking ban

PODCAST: The State of Fracking Bans; Future Outlook

In this episode of Political Sidetrack, a roundtable of three experts discusses the impact of these bans and concerns about future efforts to restrict fracking.

7:15 am

‘Ex-Western Australia Premier Is Entertaining A Pipe Dream’

Proposal for coast-to-coast gas pipeline mocked; shipping LNG from west to east called cheaper.

6:00 am

Texas Produced More 40-Degree API Oil Than North Dakota, California In 2016

The API gravity for extracted crude varies across states, the U.S. Energy Information Administration said.

April 20, 2017
Permian Basins $21 Billion Haul Leads Record First-Quarter Acquisition Divestiture Activity

Permian Basin’s $21 Billion Haul Leads Record First-Quarter A&D Activity

However, sellers’ value expectations may lead to a widening of the bid-ask spread, PwC said.

April 20, 2017
Geopolitical Environment, Energy Market

Why Geopolitical Environment Is Certain To Impact Global Energy Market

At DUG Permian Basin, Tom Petrie advised that the U.S. is poised to become a key driver of the oil supply equation.

April 18, 2017
biggest best basin

The Permian: The Biggest, Best Basin

The Permian is the most sought-after basin in the U.S., thanks to a wealth of resources that can be extracted at attractively low costs.

April 18, 2017
New Administration’s Policies A Boon To Oil Industry

New Administration’s Policies A Boon To Oil Industry

The Trump administration is likely to spur wide-ranging expansions, including pipeline additions, as oil production escalates.

April 17, 2017
Blackstones 2 Billion Adds EagleClaw Midstream In Delaware Basin

Blackstone’s $2 Billion Adds EagleClaw Midstream In Delaware Basin

Within one week, $3.5 billion in midstream A&D activity has lit up the Midland and Delaware basins.

April 17, 2017
Interests Formerly Owned By Aubrey McClendon Up For Sale In Arksansas

Interests Formerly Owned By Aubrey McClendon Up For Sale In Arkansas

Nonop interest in 1,700 producing Fayetteville and Moorefield shale wells, once owned by McClendon while he was Chesapeake’s CEO, are for sale.

April 14, 2017
CO2, Rick Perry, Greg Abbott, NRG, energy, Hilcorp, JX Nippon, carbon, EOR, capture, technology

Rick Perry, Greg Abbott Mark Petra Nova CO2 Capture, EOR Milestone

The NRG Energy, JX Nippon and Hilcorp Energy project is capable of capturing more than 5,000 tons of CO2 per day, but the economics come down to oil prices.

April 13, 2017