Tech Exec: ‘Being Human Will Not Be Profitable’

Technology revolution will reveal a more effective, less costly option for the energy sector, but to the detriment of humans.

Oct 16 2018 - 1:58pm

Offshore Drillers Eye Recovery By 2020

Drillers have been predicting an upturn for more than a year only to disappoint but debt ratings firm Moody’s Investors Services said last month that it believed 2018 could mark the low point for industry earnings.

Oct 16 2018 - 8:25am

Oil Edges Further Above $80 But Weaker Demand View Weighs

Oil edged further above $80/bbl on Oct. 12 as a rally in equities lent support, though prices pared most of their gain after a closely watched forecaster deemed supply adequate and the outlook for demand weakening.

Oct 12 2018 - 8:15am

HEADLINES: Hurricane Michael’s Effect On Oil, Gas Production

Plus, Exxon Mobil donates to a PAC promoting U.S. carbon tax, offshore drillers Ensco and Rowan agree to merge and Chevron exits Norway.

Oct 11 2018 - 2:25pm

Study: Supermajors Remain Pressured Despite Cost Efficiency Gains

Whether the cost reductions are sustainable remains to be seen, but collaboration and risk-sharing could be crucial, according to a study.

Oct 3 2018 - 1:43pm

OPEC: IMO 2020 To Spur One-Off Oil Demand, Hurt Heavy Crude Producers

IMO 2020 will boost global demand growth by 400,000 bbl/d, but shippers, refiners and high sulfur producers can expect heavy disruption.

Oct 2 2018 - 5:00am

US Oil Drillers Add Fewest Rigs In Quarter Since 2017

More than half the total U.S. oil rigs are in the Permian, the country's biggest shale oil formation. Active units there declined by two this week to 486, the Baker Hughes report said.

Sep 28 2018 - 12:40pm

EIA: US Crude Output Reaches Record In July

Oil production in Texas inched higher to a record 4.47 million bbl/d and output from North Dakota also hit a peak, rising by 41,000 bbl/d to 1.26 million bbl/d, the EIA report said.

Sep 28 2018 - 12:35pm

Moral Energy Equivalents

More than 40 years ago, when President Jimmy Carter said that breaking our addiction to foreign oil was the moral equivalent of war, no one dreamed that by 2018, shale producers would have mounted an increasingly successful, expensive campaign in that war.

Oct 1 2018 - 7:00am

Qatar To Boost Gas Output In Sign Of Strength Amid Gulf Rift

Qatar Petroleum, the world's top supplier of LNG, said it was adding a fourth LNG production line to raise its output capacity from the North Field to 110 million tonnes a year.

Sep 26 2018 - 1:35pm