Shale Oil & Gas News

 

MATCOR by BrandSafway Earns Patent for Linear Anode

Sep 20, 2018

MATCOR, a BrandSafway company, recently earned a design patent for its Iron Gopher, a linear anode designed to prevent corrosion through cathodic protection in horizontal directional drilling (HDD) applications. With a braided stainless steel…

Oil Up as U.S. Drilling Stalls, Iranian Sanctions Bite

Sep 10, 2018

Oil prices rose on Monday as U.S. drilling stalled and investors anticipated lower supply once new U.S. sanctions against Iran's crude exports kick in from November.Brent crude oil jumped $1.09 a barrel, or 1.4 percent, to a high of $77.92, but then eased to $77…

U.S. Shale Producer Magnolia Looks to Triple Market Footprint

Aug 29, 2018

U.S. oil producer Magnolia Oil & Gas Corp aims to at least triple in market valuation in coming years as it develops shale acreage across eastern and southern Texas, Chief Executive Steve Chazen said on Wednesday.Magnolia's shares have rallied…

Federal Judge Orders Keystone XL Pipeline Review

Aug 16, 2018

A federal judge in Montana on Wednesday ordered the U.S. State Department to do a full environmental review of a revised route for the Keystone XL oil pipeline, possibly delaying the project's construction and dealing the latest setback for Canada's TransCanada Corp…

Tellurian to Start Building Louisiana LNG Export Terminal in 2019

Aug 08, 2018

U.S. liquefied natural gas company Tellurian Inc said on Wednesday it remains on track to begin construction of its Driftwood LNG export terminal in Louisiana in the first half of 2019 and begin operations in 2023.Tellurian President and CEO…

How BP Found Shale Profits With 'Crystal Ball' Oilfield Technology

Jul 30, 2018

In the pine forests of eastern Texas, oilfield workers equipped with virtual-reality goggles are helping BP's shale business turn a profit for the first time.Thousands of automated wells feed data on their performance into the firm's supercomputers each evening…

Big Crude Oil Margins Should Boost US Refiner Earnings

Jul 19, 2018

U.S. refiners ran full-tilt in the second quarter, fueled by cheap domestic crude and fat margins that should boost earnings, though their heavy activity could eventually saturate the market with gasoline, sapping profits down the road.U.S. independent refiners…

Oil Nears 3-1/2-year High on Middle East Sabre Rattling

Jul 05, 2018

OPEC supply cuts since 2017 have tightened market; oil has also risen on U.S. sanctions threat against Iran. Oil traded near its highest in 3-1/2 years on Thursday, boosted by potential disruptions to flows from Iran and the Middle East despite a fresh demand from U…

US Drillers Add Oil Rigs for Third Week in a Row

Jun 08, 2018

U.S. energy companies added oil rigs for a third week in a row even though crude prices have declined about 8 percent over the past three weeks.Drillers added one oil rig in the week to June 8, bringing the total count to 862, the highest level since March 2015…

Clash of the Russian Energy Titans

Jun 01, 2018

Russian energy major Rosneft is increasingly challenging domestic rival Gazprom in international gas markets, from West Africa to Turkey and even Europe, according to five industry sources with knowledge of the matter.Last week, Rosneft won…

US Oil Output Hits Record 10.47 Mln BPD in March

May 31, 2018

U.S. crude oil production jumped 215,000 barrels per day (bpd) to 10.47 million bpd in March, the highest on record, the Energy Information Administration (EIA) said in a monthly report on Thursday.Production in Texas rose by 4 percent to almost 4…

Oil Slips Further as Focus on OPEC Mounts

May 24, 2018

U.S. crude, gasoline inventories rise unexpectedly as Brent-WTI spread nears widest margin in three years. Oil prices recorded their largest one-day drop in two weeks on Thursday, with expectations building that OPEC will end an output deal…

NOCS: Expedition to Investigate Carbon in the Benguela Upwelling

May 23, 2018

On May 2018 the Royal Research Ship (RRS) Discovery will begin an ambitious science expedition to the South Atlantic to study the role of low oxygen zones in ocean carbon storage. The results of this investigation will help improve understanding…

Rising Oil Prices Boost US Economy

May 15, 2018

U.S. net petroleum imports have fallen to the lowest level in more than half a century as a result of the shale revolution, which is profoundly changing the impact higher oil prices have on the economy.Since the 1860s, the United States has been the world’s largest producer and consumer of oil…

Texas Oil Drilling Permits Rose 34% in April

May 10, 2018

Texas's energy regulator issued a third more oil and gas drilling permits in April than a year ago, according to data released on Thursday, as higher prices continue to spur an increase in activity.The Railroad Commission of Texas, which regulates the state's oil and gas industry…

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