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The Keystone XL Pipeline: A Risky Bet on Higher Oil Prices and Tight Oil

The Keystone XL Pipeline (KXL) is a bet on much higher oil prices several years from now.  It will take at least $85 oil prices to develop the new oil sand projects needed to fill the pipeline. It is also a bet that U.S. tight oil output will continue to grow and will need heavy oil to blend for ...

Art Berman - The Petroleum Truth Report


Posted 2 years agoOpinion > Art BermanKeystone XL Pipeline

Trump’s Vow To “Unleash An Energy Revolution” May Send Oil and Gas Tumbling In 2018

President Trump's vow to “unleash an energy revolution” by reversing regulations may send oil and natural gas prices tumbling in 2018, according to Bank of America Merrill Lynch. Though U.S. oil and natural gas producers could see a surge in investment under Donald Trump's numerous proposals from ...

OilVoice Press - OilVoice


Posted 2 years agoLink > Donald Trumpoil price

Could 3-D printers hasten peak oil demand? – Fuel for Thought

A global transition away from oil and gas is well underway as booming renewable energy sources and electric cars portend major changes for the industry. Last week BP outlined the challenges ahead, but the company's crystal ball has yet to focus on the disruptive potential from what may be the bigg ...

OilVoice Press - OilVoice


Posted 2 years agoOpinion > Platts3D Printeroil demand

S&P Global Platts: OPEC Output Down to 32.16 Million b/d in January

Saudi production below 10 million b/d, first time since February 2015 LONDON, Feb. 7, 2017 /PRNewswire/ -- The 10 Organization of the Petroleum Exporting Countries (OPEC) members obligated to reduce oil output under the landmark agreement signed late last year achieved 91% of their required cut ...

OilVoice Press - OilVoice


Posted 2 years agoPress > S&P Global PlattsOPEC

Petro River Oil - New 3-D Seismic Data Identifies Significant Reserve Potential

Petro River Oil Plans Four Wells in Three Project Areas Petro River Oil Corp . (OTCBB: PTRC) (“Petro River” or the “Company”), an independent oil and gas exploration company utilizing the latest 3-D seismic technology, announced today that recently acquired and re-processed 3-D seismic data has s ...

OilVoice Press - OilVoice


Posted 2 years agoPress > Petro River Oil3D Seismic

PROSEP AWARDED CONTRACT FOR STATOIL’S TROLL B ZMP PROJECT

PROSEP AWARDED CONTRACT FOR STATOIL'S TROLL B ZMP PROJECT Technology helps Statoil reduce package size and recognize process efficiencies FEBRUARY 14, 2017 (HOUSTON) – ProSep, the industry-leading technology and service provider for integrated process solutions, announced today it will supply ...

Brooke Barnes


Posted 2 years agoPress > europeSubseaStatoil

Industry Leading Reserves Management Software Company Releases New ‘Out of the Box’ Version of Their Application

aclaro softworks inc. to exhibit new software at NAPE Summit February 16 to 17, 2017 FOR IMMEDIATE RELEASE February 13, 2017 Houston, U.S. & Calgary, Canada – aclaro softworks inc. is excited to announce the release of a pre-configured version of their industry leading petroLook Reserves platfor ...

aclaro softworks inc. - aclaro softworks inc.


Posted 2 years agoPress > ReservesReserves ManagementNAPE Summit

Don’t Hold Your Breath For $70 Oil

It is more likely that oil prices will fall below $50 per barrel than that they will continue to rise toward $70. Prices have increased beyond supply and demand fundamentals because of premature expectations about the effects of an OPEC production cut on oil inventories. Last week's 13.8 million b ...

Art Berman - The Petroleum Truth Report


Posted 2 years agoOpinion > Art BermanThe Petroleum Truth Reportoil price

THE PUSH FOR INDUSTRY DIGITIZATION CONTINUES AS OFS PORTAL SURPASSES 300 eCOMMERCE AGREEMENTS

Houston, Texas - OFS Portal announced today it has reached a total of 312 operator and network agreements since its inception in 2000. Less than two months into the new year, OFS Portal welcomes Kaisen Energy Corporation, Canbriam Energy Incorporated, Pennsylvania General Energy Company, and Headi ...

Yvonne Pham


Posted 2 years agoPress > ecommerceDigitizationsuppliers +10

Transformational Adjustments required for the New Petroleum Era – Dr Babatunde Victor Adeniran, COO,NNPC speaks in Houston conference

As the global price of oil is recovering and the market adjusting, national oil companies, governments, international oil companies, local operators and investors are becoming more optimistic in their risk management methodologies to avert future mishaps and stabilize the market. While the latest r ...

SUNNY LAW


Posted 2 years agoPress > NigeriaNNPCGhana +8

Oops! The economy is like a self-driving car

Back in 1776, Adam Smith talked about the “invisible hand” of the economy. Investopedia explains how the invisible hand works as, “In a free market economy, self-interested individuals operate through a system of mutual interdependence to promote the general benefit of society at large.” We talk ...

Gail Tverberg


Posted 2 years agoOpinion > Gail Tverberg

U.S. crude oil production increases following higher drilling activity

Source: U.S. Energy Information Administration, Short-Term Energy Outlook U.S. crude oil production increased for the second consecutive month in November 2016, the first time this has occurred since early 2015. Increased drilling activity in the Permian region, which spans Texas and New Mex ...

OilVoice Press - OilVoice


Posted 2 years agoPress > Energy Information Administration EIACrude

ExxonMobil Announces 2016 Reserves

Exxon Mobil Corporation (NYSE:XOM) announced today proved reserves were 20 billion oil-equivalent barrels at year-end 2016, inclusive of a net reduction of 3.3 billion oil-equivalent barrels from 2015. Reserves changes in 2016 reflect new developments as well as revisions and extensions to existin ...

OilVoice Press - OilVoice


Posted 2 years agoPress > ExxonMobilReserves

New CEO Mark Bashforth to lead Ikon Science’s product innovation and growth

Ikon Science, a world leader in reservoir geoscience for the upstream oil and gas industry, has appointed Mark Bashforth as new CEO and member of the Board of Directors. Former CEO and company founder Martyn Millwood Hargrave becomes executive chairman following the retirement of Peter Dolan, previo ...

OilVoice Press - OilVoice


Posted 2 years agoPress > Ikon Science

US border policy could curb travel amid already weak jet fuel demand

Uncertainty surrounding the Trump administration's efforts to harden the US border could cut into business travel demand this year at a time when jet fuel demand is already quite weak, at least according to travel agents surveyed in the US and Europe this month. Winter is typically a slow time for ...

OilVoice Press - OilVoice


Posted 2 years agoOpinion > Platts
Last fetch 11/13/2019 12:41:17 AM