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HomeOFS

OFS

Pemex
Bankruptcy

Pemex’s failure to pay debts threatens suppliers’ survival, industry warns

December 16, 2023 Stu Turley

Investing Mexican state energy company Pemex’s mounting debt with oil service providers as well as private crude and gas producers threatens production, investment and in some cases even the survival of suppliers, industry groups warned. […]

Production
Crude Oil News

OPEC Production Falls While U.S. Oil Output Hits New High

December 14, 2023 Mariel Alumit

OPEC MOMR: OPEC’s crude production fell in November for the first time in months. OPEC: U.S. oil output continued to reach new highs. Venezuela and Libya, which are exempted from the OPEC+ deal, saw their […]

Venezuela
Crude Oil News

Venezuela in talks with oilfield services firms to revive oil production

November 7, 2023 Mariel Alumit

Oil Price After the sanctions relief from the U.S. last month, Venezuela is in contact with domestic and international oilfield services providers to help it ramp up crude oil production, Reuters reported on Monday, citing sources close […]

Big Oil Companies

ENB #147 Dan Gualtieri, When energy security, and fiscal responsibility are concerned, tools are critical. How CEOs can save money and get investors.

November 3, 2023 Mariel Alumit

Anyone who has listened to the Energy News Beat podcast for the last 3 years, knows that Michael and I have a passion for spreading the word about ending energy poverty. The only way to […]

crude
Crude Oil News

U.S. crude production breaks records

November 1, 2023 Mariel Alumit

Oil Price U.S. crude oil production hit an all-time high in August, according to new data published by the Energy Information Administration on Tuesday, with production surpassing pre-covid levels. U.S. field production of crude oil reached […]

ENB Rig Count
Crude Oil News

Five Years Later, Evidence of Fracking’s Safety Is Stronger than Ever

October 27, 2023 Mariel Alumit

Five years ago, The Heartland Institute set out to correct some misperceptions about the hydraulic fracturing process (commonly known as “fracking”) that had gained traction in the opinions of a not-insignificant number of people across […]

Price
Crude Oil News

High Permian well productivity, crude oil prices drive U.S. natural gas production growth

October 18, 2023 Mariel Alumit

October 18, 2023 Data source: U.S. Energy Information Administration, Short-Term Energy Outlook, September 2023 We estimate that U.S. marketed natural gas production in the Lower 48 states (L48) will grow by 5% (5.0 billion cubic […]

Big Oil Companies

Daily Energy Standup Episode #231 – Energy Industry Insights: China’s Coal Expansion, COP 28, Natural Gas, Africa’s Resistance, and ExxonMobil’s Deal

October 17, 2023 Andy Del Prado

Daily Standup Top Stories China’s Coal Power Binge Escalates: Over 300 More Plants On The Way October 16, 2023 Mariel Alumit China’s mad dash for coal power continues, even as Western governments tell their citizens to […]

U.S
Big Oil Companies

U.S. oil is back, and ExxonMobil’s $60 billion deal isn’t even the biggest signal

October 16, 2023 Mariel Alumit

After three and a half years, a tripling in the S&P 500 Energy Index, and many soon-to-be-forgotten culture-war volleys, the U.S. Department of Energy announced Oct. 12 that U.S. crude oil production had hit an all-time […]

House
Exploration and Production

House Dems cross party lines, demand Biden admin expand oil drilling

September 15, 2023 Mariel Alumit

A group of House Democrats penned a letter Thursday to several top Biden administration and White House officials, demanding the immediate continuance of uninterrupted offshore oil and gas leasing. The Democrats — led by Rep. Vicente Gonzalez, D-Texas — […]

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