Shale Oil & Gas https://www.oedigital.com/shale-oil-~26-gas?format=feed Shale Oil & Gas en-US Fri, 06 Oct 2023 08:23:18 -0400 https://www.oedigital.com/news/508583-rystad-says-oil-demand-is-peaking-predicts-60-a-barrel-by-2027 Rystad Says Oil Demand is Peaking. Predicts $60 a Barrel by 2027 Global crude oil prices could drop to about $60 per barrel by 2027 as demand growth slows, say oil analysts at Rystad Energy, chopping a third off next year's peak price as demand tumbles… Fri, 06 Oct 2023 12:23:18 Z https://www.oedigital.com/news/508583-rystad-says-oil-demand-is-peaking-predicts-60-a-barrel-by-2027 https://www.oedigital.com/news/503398-slb-launches-cement-free-system-to-cut-co2-footprint-of-well-construction SLB Launches Cement-free System to Cut CO2 Footprint of Well Construction Oilfield services giant SLB, until recently known as Schlumberger,  on Monday introduced the EcoShield geopolymer cement-free system that it says minimizes the CO2 footprint of a well’s construction… Mon, 06 Mar 2023 14:55:02 Z https://www.oedigital.com/news/503398-slb-launches-cement-free-system-to-cut-co2-footprint-of-well-construction https://www.oedigital.com/news/490777-shell-exits-permian-with-9-5b-sale-to-conocophillips-its-u-s-output-now-mostly-offshore Shell Exits Permian with $9.5B Sale to ConocoPhillips. Its U.S. Output Now Mostly Offshore Royal Dutch Shell said on Monday it would sell its Permian Basin assets to ConocoPhillips for $9.5 billion in cash, an exit from the largest U.S. oilfield for the… Tue, 21 Sep 2021 08:36:53 Z https://www.oedigital.com/news/490777-shell-exits-permian-with-9-5b-sale-to-conocophillips-its-u-s-output-now-mostly-offshore https://www.oedigital.com/news/487172-bp-profit-triples-to-2-6b-in-q1-on-strong-oil-gas-trading BP Profit Triples to $2.6B in Q1 on Strong Oil, Gas Trading BP's profit more than tripled to $2.6 billion in the first quarter thanks to stronger oil prices and bumper revenue from natural gas trading, paving the way for… Tue, 27 Apr 2021 12:32:29 Z https://www.oedigital.com/news/487172-bp-profit-triples-to-2-6b-in-q1-on-strong-oil-gas-trading https://www.oedigital.com/news/478115-country-by-country-look-at-dropping-fuel-demand Country-by-Country Look at Dropping Fuel Demand It's hardly news that the COVID-19 pandemic has sent most every market into tumult, most notably the oil and gas market as political power plays flood the world… Fri, 01 May 2020 13:13:11 Z https://www.oedigital.com/news/478115-country-by-country-look-at-dropping-fuel-demand https://www.oedigital.com/news/477810-u-s-oil-firms-quarterly-reports-to-show-depths-of-slump U.S. Oil Firms' Quarterly Reports to Show Depths of Slump Investors are in for more bad news on the energy front in the coming weeks as a host of the sector's biggest companies report quarterly results following the historic collapse in oil prices… Wed, 22 Apr 2020 06:36:01 Z https://www.oedigital.com/news/477810-u-s-oil-firms-quarterly-reports-to-show-depths-of-slump https://www.oedigital.com/news/477761-oil-price-crash-what-next Oil Price Crash, What Next? A historic rout in oil markets sent U.S. crude prices plummeting to as much as minus $40 a barrel as traders rushed to get rid of unwanted stocks with storage capacity… Tue, 21 Apr 2020 06:32:14 Z https://www.oedigital.com/news/477761-oil-price-crash-what-next https://www.oedigital.com/news/477655-conocophillips-cuts-oil-output-spending-again ConocoPhillips Cuts Oil Output, Spending Again ConocoPhillips said on Thursday it would slash planned spending 35%, cut production by about 225,000 barrels of oil per day {bpd) and suspend its share repurchase… Thu, 16 Apr 2020 14:48:24 Z https://www.oedigital.com/news/477655-conocophillips-cuts-oil-output-spending-again https://www.oedigital.com/news/477507-oil-rises-after-opec-agrees-record-output-cut Oil Rises After OPEC+ Agrees Record Output Cut Oil prices rose on Monday after major producers finally agreed their biggest-ever output cut, but gains were capped amid concern that it won't be enough to head… Mon, 13 Apr 2020 07:33:57 Z https://www.oedigital.com/news/477507-oil-rises-after-opec-agrees-record-output-cut https://www.oedigital.com/news/477481-opec-oil-pact-hinges-on-mexico-joining OPEC+ Oil Pact Hinges on Mexico Joining Saudi Arabia's energy minister said on Friday that a final OPEC+ oil supply pact to reduce 10 million barrels per day (bpd), which was agreed on Thursday, hinges on Mexico joining in the cuts… Fri, 10 Apr 2020 06:15:53 Z https://www.oedigital.com/news/477481-opec-oil-pact-hinges-on-mexico-joining https://www.oedigital.com/news/477351-exxon-cuts-spending-by-10b Exxon Cuts Spending by $10B Exxon Mobil Corp on Tuesday throttled back a multi-year investment spree in shale, LNG and deep water oil production and will cut planned capital spending this year… Tue, 07 Apr 2020 11:10:10 Z https://www.oedigital.com/news/477351-exxon-cuts-spending-by-10b https://www.oedigital.com/news/477268-opec-debates-biggest-ever-oil-output-cut-as-virus-destroys-demand OPEC+ Debates Biggest Ever Oil Output Cut as Virus Destroys Demand OPEC and allies are working on a deal for an unprecedented production cut equivalent to around 10% of global supply, an OPEC source said after U.S. President Donald… Fri, 03 Apr 2020 11:14:00 Z https://www.oedigital.com/news/477268-opec-debates-biggest-ever-oil-output-cut-as-virus-destroys-demand https://www.oedigital.com/news/477259-update-brent-oil-rises-above-32-on-hopes-of-output-deal Update: Brent Oil Rises above $32 on Hopes of Output Deal Benchmark Brent crude oil futures rose as high as $33.05 a barrel on Friday on rising hopes of a new global deal to cut global crude supply.Brent crude futures were up 9… Fri, 03 Apr 2020 06:59:51 Z https://www.oedigital.com/news/477259-update-brent-oil-rises-above-32-on-hopes-of-output-deal https://www.oedigital.com/news/477177-bp-cuts-spending-by-quarter-lowers-oil-production BP Cuts Spending by Quarter, Lowers Oil production BP on Wednesday cut its 2020 spending plans by 25% and will reduce output from its U.S. shale oil and gas business in the face of the collapse in oil prices triggered by the coronavirus outbreak… Wed, 01 Apr 2020 12:10:36 Z https://www.oedigital.com/news/477177-bp-cuts-spending-by-quarter-lowers-oil-production https://www.oedigital.com/news/477173-chinese-buyers-snap-up-u-s-oil-purchases-at-widest-discounts-ever Chinese Buyers Snap Up U.S. Oil Purchases at Widest Discounts Ever China has increased U.S. crude purchases with some buyers snapping up cargoes at the widest discounts ever as sellers seek to offload excess supplies in Asia, six trade sources said on Wednesday… Wed, 01 Apr 2020 10:27:34 Z https://www.oedigital.com/news/477173-chinese-buyers-snap-up-u-s-oil-purchases-at-widest-discounts-ever