OPEC, Get Ready For The Second U.S. Oil Boom
What OPEC countries fear most is a follow-up technological revolution that will lead to a second oil boom in the U.S., and that fear is now being realized. A technological revolution spurred the U.S....
View ArticleFor Canadian Oil Sands It’s Adapt Or Die
That low oil prices are squeezing out oil sands producers is not breaking news. But in spite of a grim oil price outlook, production out of Calgary has continued to grow, defying both expectations and...
View Article“Walking” Oil Rigs Can Make Drilling Faster, Cheaper, Safer
The current malaise in the oil industry has placed a renewed emphasis on measures to cut costs, as producers struggle with the realities of sub $50-a-barrel oil. One of the more interesting innovations...
View ArticleThe End Of The Oil Major?
A new report finds that the largest oil companies are set to cut spending on exploration by at least half, potentially leading to very few new oil discoveries in the years ahead. The report from...
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Is The Oil And Gas Fire Sale About To Start?
Much has been written about the mounting pile of debt for U.S. oil companies (not to mention the well-known Brazilian oil giant). Not that long ago, many oil and gas companies secured at least a part...
View ArticleOil Megaprojects Won’t Stay On The Shelf For Long
One casualty of the oil price downturn could be the megaproject. For years, as conventional oil reserves depleted and became increasingly hard to find, oil companies ventured into far-flung locales to...
View ArticleNorth Dakota No Longer Attractive For Drillers Or Refiners
The performance of Blood & Oil, a soap opera based on the North Dakota oil boom, is not going well. The show saw its episodes trimmed by ABC amid tepid viewer interest. But the real life Bakken is...
View ArticleArgentina Pulling Ahead In The Race To Be The World’s Next Shale Hotspot
Billions of dollars are riding on the race for international shale production — and the competition has been coming down to Australia and Argentina the last several months. And Argentina just got a big...
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Saudis Planning For A War Of Attrition In Europe With Russia’s Oil Industry
Russia’s central bank recently warned about the growing financial risks to the Russian economy from Saudi Arabia encroaching upon its traditional export market for crude oil. Russia sends 70 percent of...
View ArticleArgentina’s Shale Gets Another Boost with Dow Investment
The state-owned Argentine oil company YPF issued a joint announcement with Dow Argentina – a subsidiary of Dow Chemical Co. – to invest $500 million in shale gas exploration for 2016. That comes on top...
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