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Withdrawals from natural gas storage this winter were lowest since 2015–16

Energy exports from the United States reached an all-time high of 23.6 quadrillion British thermal units (quads) in 2019, marking the first time in 67 years that annual U.S. gross energy exports exceeded U.S. gross energy imports, according to the U.S. Energy Information Administration's (EIA) Mon ...

Hui Shan


Posted 6 months agoLink > natural gasweatherInventories +4

Tank Cleaning Lights | ATEX Portable Lighting For Hazardous Area

Tank Cleaning Inspection | ATEX Portable Light, Power, Heat Ventilation For Hazardous AreasPublished 24 Apr 2020Tank Cleaning Lights | ATEX Portable Lighting For Hazardous Area Tank InspectionPortable SolutionsThe Oil Gas sector is one of a number of industries with potentially explosive atmospher ...

Chris Dodds


Posted 6 months agoLink > ATEX

New Mexico watching as Texas considers limits on oil production

Laws governing oil production in New Mexico stem from the Oil and Gas Act of 1935, which, among many other things, suggests the state can impose statewide caps on oil production, as well as more explicitly allowing it to cap output at specific reservoirs or “pools” of oil to “prevent waste.” If p ...

Will Fine


Posted 6 months agoLink > Dr. Daniel FineFarmington New MexicoGovernor of New Mexico +54

Your Weekly Update: 20 - 24 April 2020

And now, unprecedented oil prices, as the WTI crude price marker slipped into negative territory for the first time ever. This had the same effect, though different contributing factors  in 2019, when WTI prices were depressed because demand was high but pipeline capacity was insufficient to carr ...

Hui Shan


Posted 6 months agoLink > Oiloil and gas newsOil and Gas Industry +7

Trump promises oil, gas industry assistance a day after WTI traded negative

Natural gas prices may increase Reducing oil production may have some positive impact on the San Juan Basin. Because the Permian Basin has been producing a surplus of natural gas, and there is no way to send all the natural gas to markets, the San Juan Basin natural gas prices have reached histor ...

Will Fine


Posted 6 months agoLink > Dr. Daniel FineFarmington New MexicoGovernor of New Mexico +27

Wind and natural gas-fired generators led U.S. power sector capacity additions in 2019

And now, unprecedented oil prices, as the WTI crude price marker slipped into negative territory for the first time ever. This had the same effect, though different contributing factors  in 2019, when WTI prices were depressed because demand was high but pipeline capacity was insufficient to carr ...

Hui Shan


Posted 6 months agoLink > generationElectricitynatural gas +4

U.S. total energy exports exceed imports in 2019 for the first time in 67 years

And now, unprecedented oil prices, as the WTI crude price marker slipped into negative territory for the first time ever. This had the same effect, though different contributing factors  in 2019, when WTI prices were depressed because demand was high but pipeline capacity was insufficient to carr ...

Hui Shan


Posted 6 months agoLink > Coalnatural gasexports +5

The WTI Oil Price Crash Explained

And now, unprecedented oil prices, as the WTI crude price marker slipped into negative territory for the first time ever. This had the same effect, though different contributing factors  in 2019, when WTI prices were depressed because demand was high but pipeline capacity was insufficient to carr ...

Hui Shan


Posted 6 months agoLink > WTIWest Texas IntermediateBrent +7

Pandemic rocks Permian Basin as wells, rigs idled and workers laid off

It wasn't long ago that some of the largest oil companies in the world were flocking to Lea and Eddy counties to boost oil production, open regional offices and add high-paying jobs that attracted workers from across the country to cities like Carlsbad and Hobbs. The good ol' days are goneBefore ...

Will Fine


Posted 6 months agoLink > Farmington New MexicoGovernor of New MexicoNew Mexico +65

Your Weekly Update: 13 - 17 April 2020

It immediately props up the current traded prices of crude oil, which were languishing in the US$25/b level before chatter of the deal emerged but it also is prescient enough to acknowledge that the negative impact of Covid-19 will linger for very long, hence the need for a long tail to the deal. ...

Hui Shan


Posted 6 months agoLink > Oiloil and gas newsOil and Gas Industry +7

The Great “Too Little, Too Late” Deal

It immediately props up the current traded prices of crude oil, which were languishing in the US$25/b level before chatter of the deal emerged but it also is prescient enough to acknowledge that the negative impact of Covid-19 will linger for very long, hence the need for a long tail to the deal. ...

Hui Shan


Posted 6 months agoLink > OPECsaudiRussia +7

OPEC, Russia tentatively agree to production cuts

OPEC and Russia, however, want the U.S. to impose state-mandated cuts, rather than let the free market force producers to scale back operations through low prices. And even if a deal is reached, it may do little to raise oil prices, since consumption is now hovering at 50-year lows, and with the ...

Will Fine


Posted 6 months agoLink > OPECG20Non-OPEC +54

Hitting the brakes

Oil producers in New Mexico and elsewhere are hoping for some relief this week, because the Organization of Petroleum Exporting Countries, Russia and other oil-producing nations plan to meet Thursday to discuss potential, collective cutbacks in output to reduce world oversupply and lift prices. N ...

Will Fine


Posted 6 months agoLink > oil and gas newsOil Industry Newsoil news +35

A Brief Insight: Guyana, Suriname And French Guiana

As Saudi Arabia and Russia dig in their heels and prepare for extended trench warfare over oil prices, the important questions now are: how long will this last, and what (or who) can bring these friends-turned-foes back to the negotiation table? Saudi Arabia's ultimate goal is to have steady oil ...

Hui Shan


Posted 6 months agoLink > GOMGulf Of MexicoOil Blocks +7

Your Weekly Update: 30 March - 3 April 2020

As Saudi Arabia and Russia dig in their heels and prepare for extended trench warfare over oil prices, the important questions now are: how long will this last, and what (or who) can bring these friends-turned-foes back to the negotiation table? Saudi Arabia's ultimate goal is to have steady oil ...

Hui Shan


Posted 6 months agoLink > Oiloil and gas newsOil and Gas Industry +7
Last fetch 10/31/2020 1:43:36 PM