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US Leads Globally in Planned Polyethylene Capacity Additions to 2022

Analysis of the global planned polyethylene capacity shows that the US has the highest planned polyethylene capacity additions globally with 9.4 million tonnes per year (mtpa) during 2018 to 2022, followed by Iran and China with 5.8 mtpa and 4.4 mtpa respectively, according to GlobalData , a lea ...

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Posted 1 year agoOpinion > United StatesUSGlobalData +3

TGS Announces Expansion of its 2018 Onshore Seismic Activity With Third Project in the Anadarko Basin

HOUSTON, TX (12 April 2018) - TGS further expands its 2018 onshore seismic activity with the announcement of the Gloss Mountain 3D seismic survey. Gloss Mountain is a significant addition to our industry leading geoscience data position in the SCOOP/STACK area of the Anadarko Basin. This project w ...

OilVoice Press - OilVoice


Posted 1 year agoPress > TGSonshoreSeismic Activity +5

U.S. Gulf of Mexico Crude Oil Production to Continue at Record Highs Through 2019

Source: U.S. Energy Information Administration, Short-Term Energy Outlook U.S. crude oil production in the Federal Gulf of Mexico (GOM) increased slightly in 2017, reaching 1.65 million b/d, the highest annual level on record. Although briefly hindered by platform outages and pipeline issu ...

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Posted 1 year agoOpinion > United StatesUSCrude oil +3

Lonestar Updates Results of Horned Frog Completions

Fort Worth, Texas, April 10, 2018 (PRNewswire) ‐ Lonestar Resources US Inc. (NASDAQ: LONE) (including its subsidiaries, “Lonestar,” “we,” “us,” “our” or the “Company”) today updated investors on its new completions at its Horned Frog property. In La Salle County, we previously reported the compl ...

OilVoice Press - OilVoice


Posted 1 year agoPress > Lonestar ResourcesHorned FrogNasdaq +4

USA: Total Further Increases Its Footprint In The Gulf Of Mexico And Becomes Operator Of The North Platte Discovery

Paris – Total has acquired several assets located in the Gulf of Mexico as part of the Cobalt International Energy company's bankruptcy auction sale. Total submitted offers on several assets for a consideration of approximately 300 million dollars and acquires from Cobalt:      On April 5, 201 ...

OilVoice Press - OilVoice


Posted 1 year agoPress > United StatesUSTotal +5

Statoil Completes Acquisition of US Gulf of Mexico Deepwater Discovery

Statoil and Total have completed their acquisition of Cobalt International Energy's 60% operated interest in the North Platte discovery in the US Gulf of Mexico for an aggregate prurchase price of USD 339 million. The partners have jointly presented the winning bid for the asset in a bankrupt ...

OilVoice Press - OilVoice


Posted 1 year agoPress > StatoilTotalAcquisition +7

By Some Measures, U.S. Natural Gas Production Set a Record in 2017

Source: U.S. Energy Information Administration, Monthly Crude Oil, Lease Condensate, and Natural Gas Production Report Two out of three of EIA's measures of natural gas production in the United States set records in 2017. U.S. natural gas production measured as gross withdrawals reached ...

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Posted 1 year agoOpinion > United StatesUSnatural gas +5

Upward Trend Continues for U.S. Drilling Activity – S&P Global Platts

HOUSTON – S&P Global Platts Analytics today announced the U.S. rig count for March 2018 was 1,095, up 18 (+2%) from February 2018, and up 194 (+22%) from March 2017. This rig count includes U.S. onshore, U.S. inland waters, and U.S. offshore Gulf of Mexico drilling rigs. March U.S. land rig coun ...

OilVoice Press - OilVoice


Posted 1 year agoOpinion > S&P Global PlattsUnited StatesUS +6

U.S. Crude Oil Production Growth Projected to be Led by Light, Sweet Crude Oil

Source: U.S. Energy Information Administration, Annual Energy Outlook 2018 Reference case Recent growth in U.S. crude oil production has been primarily light, sweet crude oil, defined as having an API gravity of 35 or higher and sulfur content of 0.3% or less. These light, sweet crudes, wh ...

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Posted 1 year agoOpinion > EIAEnergy Information Administration EIAUnited States +9

About 7% of Fossil Fuels are Consumed for Non-Combustion Use in the United States

Source: U.S. Energy Information Administration, Monthly Energy Review While most fossil fuels in the United States are burned, or combusted, to produce heat and power, EIA estimates that the equivalent of about 5.5 quadrillion British thermal units of fossil fuels were consumed for non-com ...

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Posted 1 year agoOpinion > USUnited StatesFossil Fuels +4

S&P Global Platts Survey of Analysts Suggests U.S. EIA Data to Show 27-Bcf Draw to Natural Gas Stocks

WASHINGTON (April 4, 2018) – The U.S. Energy Information Administration (EIA) on Thursday is expected to report a 27-billion cubic feet (Bcf) withdrawal for the week that ended March 30, according to a survey of analysts by S&P Global Platts, the leading independent provider of information and benc ...

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Posted 1 year agoOpinion > natural gasEIAEnergy Information Administration EIA +3

U.S. Production of Crude Oil Grew 5% in 2017, Likely Leading to Record 2018 Production

Source: U.S. Energy Information Administration, Petroleum Supply Monthly Annual average U.S. crude oil production reached 9.3 million barrels per day (b/d) in 2017, an increase of 464,000 b/d from 2016 levels after declining by 551,000 b/d in 2016. In November 2017, monthly U.S. crude oil ...

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Posted 1 year agoOpinion > United StatesUSCrude oil +5

In 2017, U.S. Electricity Sales Fell by the Greatest Amount Since the Recession

Source: U.S. Energy Information Administration, Electric Power Monthly U.S. retail electricity sales fell by 80 billion kilowatthours (kWh) in 2017, the largest drop since the economic recession in 2009. The 2% decrease in 2017 reflects lower retail sales in the residential, commercial, ...

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Posted 1 year agoOpinion > United StatesUSEIA +4

Petro River Announces Successful Drilling of 8 West Blackland Field Development Wells in Osage County, OK

NEW YORK, NY, –  Petro River Oil Corp. (OTCBB: PTRC) (“Petro River” or the “Company”) is pleased to provide an update on the development activities on its core acreage in Osage County, Oklahoma. Activities Report: After the initial discovery of the West Blackland Field in June 2017 , the Company ...

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Posted 1 year agoPress > OTCBBPetro River OilWells +5

Matra Petroleum AB: Matra Petroleum Launches Drilling Program to Increase Oil and Gas Production and Closes MUSD 10 Debt Financing

Matra Petroleum ("Matra") plans to double its capital expenditures in 2018 to MUSD 11 (2017: MUSD 5.2) and accelerate drilling and development activities on the company's leases in the Texas Panhandle. Starting in May through 2018, the company plans to drill 24 new wells to increase oil and gas pr ...

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Posted 1 year agoPress > Matra PetroleumMatraDrilling +9