industry news


All posts for industry news

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

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 1 month agoOpinion > OPECNon-OPECNOPEC +91

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

EU Parliament Approves New Rules to Meet 2030 Renewable Energy Target

The European Parliament has recently signed off on new renewables and energy efficiency regulations, including the approval of a renewable energy target of at least 32 percent for 2030. The renewables target would be binding throughout the European Union (EU). The European Commission (EC) claimed i ...

Jui Kate


Posted 2 months agoPress > OilEnergyPower +2

Encana Corp to Acquire Newfield Exploration in an All-Stock Agreement

Encana Corporation, a Canadian natural gas company, has reportedly announced that it has signed an agreement to acquire Texas-based Natural gas liquids company Newfield Exploration in an all-stock offer worth over $5.5 billion. Reports cite, all Newfield shareholders would be receiving approximate ...

Jui Kate


Posted 3 months agoPress > Oilgasnatural gas +3