World Oil (Bloomberg) – Oil production from the Permian basin will expand in November and December, marking the region’s longest run of monthly gains in two years. The world’s most productive shale patch is expected to […]
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 […]
Oil Price Despite the falling and flatlining rig count, U.S. crude oil production managed to hit a monthly record-high in August 2023, boosted by productivity gains and more efficient operations. U.S. exploration and production companies are […]
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 […]
Oil Price Unprecedented uncertainty in natural gas demand and policies and low levels of investment in new production risk creating fresh energy crises and undermining energy security and climate goals as it would stall the […]
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 […]
Keith Stelter, VP of Sales and Marketing at 423 Mechanical stopped by the Energy News Beat podcast. I have enjoyed watching and reading Keith’s posts on LinkedIn and enjoyed his balance of industry knowledge and […]
Oil drilling is collapsing in the US as producers rein in output, mirroring a recent plunge in rigs searching for natural gas. Rigs targeting crude declined by 11 to 575 this week, according to data […]
Offshore drilling contractor Valaris is preparing to start its contract with Brunei Shell Petroleum, a subsidiary of the UK-headquartered oil major Shell, as a jack-up rig, which was hired for this assignment, has embarked on […]
InterMoor, part of Acteon’s engineering, moorings and foundations division, has secured a contract extension with Chevron for a decommissioning scope in Thailand. Source: Acteon Following the completion of Phase 1 decommissioning work in 2021 in the Gulf […]
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