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Tight Oil Remains the Leading Source of Future U.S. Crude Oil Production

Source: U.S. Energy Information Administration, Annual Energy Outlook 2018 EIA's recently released Annual Energy Outlook 2018 (AEO2018) Reference case projects that U.S. tight oil production will generally increase through the early 2040s, when it will surpass 8.2 million barrels per d ...

OilVoice Press - OilVoice


Posted 2 days agoOpinion > United StatesUSCrude oil +3

Why The Next Oil Boom Will Be Fueled By Blockchain

By Meredith Taylor Big Oil is due for a disruption. The world's most important industry has been carrying on without any significant changes in its day to day routine for far too long. But now, the new tech on the block has its sights set on the multi-trillion-dollar oil and gas sector. It ...

Oilprice Staff


Posted 1 day agoOpinion > oilpriceOilBoom +5

Norway Leading the Oilfield Service Comeback

In 2015 and 2016 we saw record low levels of offshore volumes sanctioned, which effectively is hurting oilfield service companies' backlog. With the cost cuts E&P players made during the downturn, coupled with the recent increase in oil prices, we now see a lot of offshore projects on a global lev ...

OilVoice Press - OilVoice


Posted 1 day agoOpinion > NorwayRystad EnergyOffshore +3

S&P Global Platts Preview of U.S. EIA Data: Likely to Show Crude Stocks Rose 2.5 Million Barrels

Smaller-than-usual builds in total US crude inventories combined with continued draws this winter at Cushing, Oklahoma (delivery point for NYMEX crude oil futures contracts), helped NYMEX crude futures find a bottom last week before turning higher, according to an S&P Global Platts preview of this ...

OilVoice Press - OilVoice


Posted 2 days agoOpinion > S&PS&P Global PlattsUnited States +3

Gazprom to Continue Effective Cost Optimization Efforts in 2018

The Gazprom  Board of Directors  took note of the information about the Gazprom Group's cost optimization (reduction) efforts in 2018. It was stressed that over the years the Company had sustained a comprehensive approach to cost reduction. The work in this area involves a number of main activitie ...

OilVoice Press - OilVoice


Posted 2 days agoPress > Gazprom

S&P Global Platts Survey of Analysts Suggests U.S. EIA Data to Show 119-Bcf Draw to Natural Gas Stocks

The U.S. Energy Information Administration (EIA) on Thursday is expected to report a 119-billion cubic feet (Bcf) withdrawal for the week that ended February 16, according to a survey of analysts by S&P Global Platts, the leading independent provider of information and benchmark prices for the comm ...

OilVoice Press - OilVoice


Posted 2 days agoOpinion > EIAEnergy Information Administration EIAUnited States +3

Parker Hannifin Signs EFA With Shell for Instrumentation Products

Shell's Enterprise Framework Agreement covers the supply of instrument tubing fittings, manifolds, valves, process-to-instrument valves and related products BARNSTAPLE, Devon, 22 February 2018 Parker Hannifin Corporation, the global leader in motion and control technologies, has signed a new En ...

OilVoice Press - OilVoice


Posted 2 days agoPress > ShellEFAParker Hannifin

President Energy, Range Resources

President Energy PPC has announced record results in January with each of their concessions making good returns and contributing profits. In the month the Argentine assets generated $1.3m after opex, G&A and finance costs. Positive cash generation was higher at $1.8m due to continued utilisation ...

Malcolm Graham-Wood - Malcy's Blog


Posted 2 days agoOpinion > MalcyMalcy'sMalcy's Blog +2

Electric Vehicles: S&P Global Ratings Highlights the Potential Oil Market Ramifications

Over the next decade, we see downside to oil demand as a limited risk because each 1 million EVs (roughly equal to 2017 EV sales) only replace about 20,000 barrels/d and oil demand growth should continue on the back of growth from commercial transport and chemicals, with demand growth over the ...

OilVoice Press - OilVoice


Posted 2 days agoOpinion > S&P Global PlattsOil MarketElectric Vehicles +1

NrgEdge - Your Weekly Update: 19 - 23 Feb

Market Watch Headline crude prices for the week beginning 19 February 2017 – Brent: US$65/b; WTI: US$62/b Crude prices enjoyed a series of gains last week, boosted by a return of confidence to equity markets and the dollar continuing to remain weak. Signs that crude inventories in the key s ...

Nrgedge Admin - NrgEdge


Posted 2 days agoOpinion > nrgedgeOil and Gasoil and gas news +3

S&P Global Platts Deploys Blockchain for Collation of Fujairah Oil Inventory Data

S&P Global Platts, the leading independent provider of information and benchmark prices for the commodities and energy markets, has announced that it is deploying a proprietary, secure Blockchain network to allow market participants to submit weekly inventory oil storage data to Fujairah Oil Indust ...

OilVoice Press - OilVoice


Posted 1 day agoOpinion > S&P Global PlattsBlockchainFujairah +2

Lonestar Announces 82% Increase in Proved Reserves

Lonestar Resources US Inc. (NASDAQ: LONE) announced that its proved reserves at December 31, 2017 increased 82% to 73.6 million barrels of oil equivalent (“MMBOE”) calculated using SEC guidelines. All of the Company's proved reserves are located in the Eagle Ford Shale. Lonestar's proved reserv ...

OilVoice Press - OilVoice


Posted 2 days agoPress > Lonestar ResourcesReservesNasdaq +2

Trophy Revealed for the 2018 Offshore Achievement Awards

After months of competition, hard work and anticipation, the sought-after trophy that will be presented to winners at this year's Offshore Achievement Awards has been revealed. Robert Gordon University student Robin Pioche, designed the trophy for the prestigious event which is taking place next m ...

Jenny Adams


Posted 2 days agoPress

Westwood Highlights Exploration Hits & Misses of 2017

  A new report from Westwood Global Energy Group shows better oil and gas exploration performance in 2017 than 2016 with discovered volumes, success rates and finding costs all improving. High impact oil & gas exploration remains challenged, however, with activity levels ...

OilVoice Press - OilVoice


Posted 1 day agoPress > westwood global energy groupexplorationMexico +1

China Becomes World’s Second Largest LNG Importer, Behind Japan

Source: GIIGNL LNG reports (2010-16), Global Trade Tracker export-import trade statistics (2017), and IHS Markit China surpassed South Korea to become the world's second-largest importer of liquefied natural gas (LNG) in 2017, according to data from IHS Markit and official Chinese government s ...

OilVoice Press - OilVoice


Posted 1 day agoOpinion > EIAEnergy Information Administration EIAChina +5
Last fetch 2/25/2018 1:16:12 AM