U.S. Energy Information Administration | EIA: Oil price weakness to affect global upstream activity.Read more "Lower crude oil prices will mean less exploration and development | EIA"
New York’s attorney general sued Exxon Mobil Corp on Wednesday, alleging that the world’s largest oil company for years misled investors about the risks of climate change regulations on its business. — Read on http://www.reuters.com/article/us-exxon-mobil-lawsuit/new-york-sues-exxon-for-misleading-investors-on-climate-change-risk-idUSKCN1MY2IBRead more "New York sues Exxon for misleading investors on climate change risk | Reuters"
Tooling Up The oil tools sector relies on old school and new tech to ride the Permian wave. By Paul Wiseman How do you mix new technology with old-school values to stay abreast of customers’ ever-changing operations? This sharing of knowledge boosts teamwork in ways not possible before. Two Permian-based downhole tools companies are using […]Read more "Tooling Up |pboilandgasmagazine.com"
Vernal • Uinta Basin officials are pushing a project they say could quintuple oil production here, bring higher prices and create 27,000 jobs. The plan? Building a 150-mile railroad to allow transporting oil from the basin to out-of-state markets. There’s one big hitch: It carries a price tag of $1.4 billion. Supporters say that’s a […]Read more "Promoters of $1.4 billion railroad in Utah’s oil country want state help – The Salt Lake Tribune"
The public comment period will soon begin for the Environmental Protection Agency’s (EPA) controversial proposal to ease the Obama administration’s methane pollution standards for oil and natural gas drillers, according to the Federal Register. The proposed change will be published Monday in the Federal Register. EPA will then accept comments from companies, environmental groups, states and […]Read more "EPA to kick off comment period for methane pollution rule rollback | TheHill"
WASHINGTON, Oct 11 (Reuters) – A coalition of U.S. business groups fighting President Donald Trump’s trade tariffs has launched an advertisement aimed at telling voters ahead of the midterm elections that the measures are costing American businesses and consumers $1.4 billion a month. The group says that in Michigan, a state with several competitive elections […]Read more "U.S. business group says Trump China tariffs cost $1.4 bln/month | Reuters"
The United States continues to increase production of lighter crude oil – Today in Energy – U.S. Energy Information Administration (EIA) — Read on http://www.eia.gov/todayinenergy/detail.phpRead more "The United States continues to increase production of lighter crude oil – Today in Energy – U.S. Energy Information Administration (EIA)"
The Energy Information Administration reported Wednesday that domestic crude supplies rose by 8 million barrels for the week ended Sept. 28–the largest weekly climb year to date. The previous week’s increase of 1.9 million barrels had followed five consecutive weeks of declines. Analysts surveyed by S&P Global Platts had forecast an increase of 2.76 million […]Read more "EIA reports largest weekly rise of the year for U.S. crude supplies – MarketWatch"
The Permian Basin will need $310 billion over the next five years in order to continue to grow and potentially add 3 million barrels of oil production by 2023. The investments would fund the drilling and completion of up to 41,000 new oil wells in the West Texas region, according to a new report by […]Read more "Report: Permian will need $300B over next 5 years to maintain growth – Midland Reporter-Telegram"
Insight from Washington: What to watch for in the US midterm elections By the time the polls close on November 6, Democrats may have wrested control of the US Congress for the first time since January 2011, an outcome which could have dramatic consequences for the future of Donald Trump’s presidency. November’s US midterm elections […]Read more "Insight from Washington: What to watch for in the US midterm elections – The Barrel Blog"