oil and gas news


All posts for oil and gas news

Your Weekly Update: 4 - 8 February 2019

At utility-scale facilities where PV is one of several technologies in use, the PV capacity itself may be less than one megawatt, but this is relatively rare: based on EIA's latest data, only 20 sites with a total combined capacity of 10 MW were in this category. In other states, the growth of sm ...

Hui Shan


Posted 14 days agoLink > Oiloil and gas newsOil and Gas Industry +7

Analysis: Things are flat in the Permian, and there's a push for renewables in Santa Fe by Dr. Daniel Fine

The Permian-Delaware Basin rig count should start falling as oil operators, large and small, are flat for 2019. Spending has been sharply reduced as supply now dominates the A.I. (Artificial Intelligence) used by many commodity traders in oil.    The large or integrated oil companies have all the ...

Will Fine


Posted 24 days agoOpinion > Santa Felatest oil and gas newsNew Mexico +69

The Prospects of Venezuelan Oil

At some point in 2019, crude production in Venezuela will dip below the 1 mmb/d level. PDVSA – once an oil industry crown jewel – has been hammered, from its cargoes being seized by ConocoPhillips for debts owed to the loss of the Curacao refinery and its prized Citgo refineries in the US. But w ...

Hui Shan


Posted 1 month agoLink > VenezuelaOilgas +3

Your Weekly Update: 31 December 2018 - 4 January 2019

The market swang from balanced supply/demand to a supply crunch to a glut – dealing with American sanctions on Iranian crude exports, surging American crude oil production, the implosion of Venezuela's economy and signs that the global economy might be entering a slowdown. Sometime in the first q ...

Hui Shan


Posted 1 month agoLink > Oiloil and gas newsOil and Gas Industry +7

Your Weekly Update: 24 - 28 December 2018

In recent years, the growth of power sector has also created an influential demand for the industrial oil market in Bangladesh. The demand from the industrial machinery and equipment application also accounts for a major share of the total engine oil market and is driven by the end-user sectors s ...

Hui Shan


Posted 1 month agoLink > Oiloil and gas newsOil and Gas Industry +7

Your Weekly Update: 17 - 21 December 2018

When comparing the financial positions of U.S. oil producers as of the third quarter of 2018 with the third quarter of 2014, most measures of profitability and balance sheet fitness indicate companies should be able to weather the recent price downturn. Given the different price levels, oil compa ...

Hui Shan


Posted 1 month agoLink > Oiloil and gas newsOil and Gas Industry +7

Reactions to Delaware Basin News Shows Misunderstanding of Petroleum Economics by Dr. Daniel Fine

News of the size of oil reserves in the Delaware Basin (New Mexico's share of the Permian) while OPEC was deciding how many barrels it will cut from the world market to lift prices caused epic confusion – and revelations of how little “authorities” and the media understand petroleum economics. The ...

Will Fine


Posted 2 months agoOpinion > OPECNon-OPECNOPEC +91

Your Weekly Update: 10 - 14 December 2018

There is so much shale liquids sloshing underneath the Permian formation in Texas and New Mexico, that even though it has already upended global crude market and turned the USA into the world's largest crude producer, there is still so much of it trapped inland, unable to make the 800km journey to ...

Hui Shan


Posted 2 months agoLink > Oiloil and gas newsOil and Gas Industry +7

Analysis: Trump and Saudi Collision on Oil, and Bingaman’s Return to Santa Fe

In an earlier column, readers overseas benefited from this writer's forecast that crude oil prices would fall dramatically because most commodity traders got it wrong. Simply, this column's analysis was the buying of oil assumed a shortage would result once the sanctions against Iran would be activ ...

Will Fine


Posted 2 months agoOpinion > Senator BingamanBingamanSanta Fe +71

Your Weekly Update: 8 - 12 October 2018

However, crude oil with API gravity of 40 to 50 degrees accounted for the largest share of Texas production, at 55%, in 2017. About 90% of North Dakota's 2017 crude oil production had an API gravity of 40 to 50 degrees. In 2017, 7.6 million b/d (96%) of imported crude oil had an API gravity of 4 ...

Hui Shan


Posted 4 months agoLink > Oiloil and gas newsOil and Gas Industry +7

Dr. Daniel Fine: Trump and Oil in Trade Geopolitics

Unlike 1973, and its oil embargo against the United States, there is no supply threat from the Middle East. Consequently, only a demand unknown moves the price of crude oil. Permian/Delaware has displaced the Middle East as a source and even Mexico imports U.S. production.  This has caused euphori ...

Will Fine


Posted 5 months agoOpinion > United StatesMiddle EastPermian +69

4 Safety Habits for Oil & Gas Professionals

  Oil and gas jobs are one of the most dangerous jobs in the world since operational conditions, chemicals and end products can pose serious safety issues and health threats to the workers. In the US alone, from 2003 to 2010, the on-job fatality rate was 7 times higher than all other industries. ...

Easwaran Kanason


Posted 6 months agoPress > safetyhuman safetyOil and Gas +1

Analysis: What's Next for Oil and Gas Prices After Putin-Trump Summit? by Dr. Daniel Fine

(Photo: Pablo Martinez Monsivais,/AP) The opposition in Congress wants to see a transcript of what President Donald Trump and Russian President Vladimir Putin talked about for two hours alone. No doubt some of that time was spent discussing OPEC and the price of oil. This is abov ...

Will Fine


Posted 7 months agoOpinion > Donald TrumpPresident of the USAPresident +56

Dr. Daniel Fine: Oil – Before and After the November Election

The Trump Administration is moving towards less royalty rates on Federal land leases, less Bureau of Land Management discretion on Environmental Protection Act obstruction on the Application for Petroleum Drilling process, less coal and nuclear power generation decline, and less oil supply confiden ...

Will Fine


Posted 7 months agoOpinion > Ryan zinkeDonald TrumpPresident Trump +66

Fine: No Such Thing As 'Free Trade' With OPEC as a Cartel

Among some speakers at the 2018 Four Corners Oil and Gas Conference last month in Farmington there were evasive positions on the future of OPEC. Also, previous online or media positions of “free trade” were muted to be popular with the oil, gas and equipment operators who made up those in attendanc ...

Will Fine


Posted 8 months agoOpinion > Kingdom of Saudi ArabiaSaudi Arabiasaudi +68