Overcapacity and the price of oil
Overcapacity and the price of oil Dr. Daniel Fine, New Mexico Center for Energy Policy 12:00 a.m. MT June 25, 2017 Daniel Fine, associate director of New Mexico Center for Energy Police at New Mexico Tech and a project leader of the Energy Police, State of New Mexico Department of Energy Minerals ...
May 18, 2017 06:00 AM Mountain Daylight Time AMARILLO, Texas--(BUSINESS WIRE)--In a letter directed to the President of the United States and received by the White House, the founders of (PIRI), the Panhandle Import Reduction Initiative representing thousands of independent small producers of oil in ...Texas Panhandle group calls on Trump to change oil trade practices
“It's a core industry in that it reduces poverty and it increases the standard of living for people,” said Tom Cambridge, PIRI facilitator and petroleum geologist at Amarillo's Cambridge Production Inc. “We think that having a stable oil supply in this country that is not threatened by Saudi Arabi ...
David Bamford opines on the world's great shales! A few weeks ago I used my blog/Newsletter to quiz readers on what they regarded as the world's great source rocks. And, by inference, where might the next “Shale Gale” be blowing, mimicking what has happened in the USA? I'm glad to say I got an unu ...US oil production could reach all time high during 2017
Rystad Energy, the energy data warehouse, now predicts US oil production grows so fast that an all-time high of 10 million barrels per day could be reached before December 31st this year. In a monthly report on latest oil market trends, our analysts show US oil production growing at 95 kbbld per mon ...US shale regains strength amid OPEC cuts
Against the backdrop of OPEC's 1H 2017 production cuts, which the organization announced in November 2016, US liquids production has started to rebound. Rystad Energy estimates that total US oil and condensate production has increased from 8.9 to 9.3 million bbl/d between November 2016 and May 2017. ...Do you want to drill wells Cheaper? Faster? Trouble Free?
Our next open training course in Houston, Texas will teach you the latest techniques and technologies that are delivering trouble-free, deviated, complex and ERD wells worldwide. Developed whilst drilling record ERD wells, Merlin ERD has recently enjoyed enviable success through applying these pract ...Houston TX US 17 Oct 2017
Low Break-Even Prices Are For Everyone–Not Just Shale Companies
Shale companies have pushed break-even oil prices below $40 per barrel—but so have major oil companies. Analysts commonly portray cost reduction as something unique to the tight oil companies. Data from annual reports filed with the U.S. SEC (Securities and Exchange Commission) suggests otherwise. ...Art Berman - The Petroleum Truth Report
As Oilfield service layoffs hits 35%, hiring poised to restart
Rystad Energy research shows a massive workforce reduction in the Oilfield service industry during 2014 to 2016, but service companies within the Shale business are now starting to recruit again and are expected to do so in offshore later this year. The North American shale industry in particular, ...Houston TX US 20 Jun 2017
Shale Cost Reductions Are 10% Technology and 90% Industry Bust
I am tired of hearing about the unbelievable impact of technology on collapsing U.S. shale production costs. The truth is that these claims are unbelievable. The savings are real but only about 10% is from advances in technology. About 90% is because the oil industry is in a depression and oil fi ...Art Berman - The Petroleum Truth Report
Utica production declines in 4Q 2016, but early 2017 recovery seems realistic
The latest published well production data from the Ohio Department of Natural Resources (ODNR) suggests that shale gas production in Ohio contracted by 180 MMcfd in 4Q 2016, with only 58 new wells turned in line. This represents a 54% YoY decline in activity compared to 4Q 2015, with rather flat dev ...Trump Fuels a Petrochemical Boom in America
Traditionally, petrochemicals were produced from naphtha. It is one of the products derived from petroleum refineries. Naphtha crackers break hydrocarbon down into basic chemical building blocks. Naphtha crackers were found all over the world, BUT given that a high proportion of manufacturing sinc ...Mexico turns to the Jurassic era for shale oil: Fuel for Thought
Mexico's plans to develop its shale oil resources have finally taken a step forward following years of largely fruitless efforts by the state owned company Pemex. Canada's Renaissance Oil and Russia's Lukoil are joining forces to develop the Amatitlan block of the Chicontepec region. They aren't ...
Oil price, Victoria Oil & Gas, Trinity, Sundry-Thalassa-EnQuest/Cairn-Touchstone-UKOG- And finally…
Malcolm Graham-Wood
US Atlantic Coast refiners face new threat in Buckeye proposal to reverse pipeline: Fuel for Thought
OilVoice Press
Nord Stream 2: with Europe already divided, the US adds a new layer of geopolitical complexity
OilVoice Press
Is There Still Hope For Higher Oil Prices?
Oilprice Staff
Where is the value in Saudi Aramco’s IPO?
Easwaran Kanason
Project Manager
Perth Western Australia AU
Revit Documenter - Perth
Perth Western Australia AU
Automation Tester - DevOps Environment
Melbourne Victoria AU
Project Manager
Houston Texas US
Project Controls Lead
Houston Texas US
TWMA shortlisted in two categories for Northern Star Business Awards
Heriot-Watt sets global data landscape for BP Statistical Review
24th Annual Africa Oil Week 2017 – Strategic way forward for Africa’s upstream oil and gas industry
Physical oil supply and trading company goes live with new accounting & financial management system from TouchstoneEnergy
TouchstoneEnergy
