US energy services firm Baker Hughes booked record $5.6 billion of LNG equipment orders in 2023. The company said the outlook for LNG FIDs over the next few years “remains strong”. Following record LNG equipment orders […]
Data source: U.S. Energy Information Administration, Monthly Crude Oil and Natural Gas Production Crude oil production in the United States reached a record high in August 2023, led primarily by more production in Texas. In 2023, most […]
What is AI? More importantly, why is everyone already suffering from “AI Fatigue”? This is an entertaining talk about AI in the oil and gas market. I did not know that I was subconsciously tired […]
We need low-cost energy in the United States, and I love talking with people about the energy market. Shane Stolp, CEO at Wescom, and I had a great talk about all forms of energy. We […]
Oil Price In 2003, the late author and investment banker Matther Simmons predicted that with “certainty,” by 2005 the U.S. would enter a long-term natural gas crisis for which the only solution was “to pray.” […]
West Qurna 1, holding over 20 billion barrels of reserves, is a key asset in Iraq’s oil industry, with PetroChina now leading its development. ExxonMobil’s withdrawal from the Common Seawater Supply Project and other Iraqi […]
Oil Price Shale tycoon Harold Hamm and U.S. and European supermajors are looking to support university courses in petroleum engineering and related disciplines in a bid to attract young talent to the industry that’s not […]
Oil Price U.S. crude oil production has overwhelmingly exceeded earlier forecasts and has grown at a much faster pace this year, offsetting much of the OPEC+ efforts to push up prices by coordinated supply reductions. […]
World Oil (Bloomberg) – Closely held operators, once the engine to the Permian’s shale growth coming out of the pandemic, are now expected to lead U.S. oil drillers into spending contraction next year. Private oil and […]
For almost a decade, Tony Sanchez III was the epitome of a shale-boom CEO—furiously drilling oil wells, piling on debt and hunting quail and nilgai with fellow executives near his family’s ranch in South Texas. Then tumbling […]
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