Hitting 1 million boe/d still far from certain In its Q4 earnings call, Pioneer Natural Resources provide guidance on how it plans to increase its Permian Basin production to one million barrels equivalent per day (70% oil) by 2026, while pledging cash flow neutrality in 2018, according to Wood Mackenzie. Sounds great, but is it doable? In Wood […]
Pioneer Natural Resources’ Permian Basin pathway to 1 million boe/d Read More »
Cancer incidence rates below national average (454.8 per 100,000) in top-four oil and gas producing states by Seth Whitehead, EnergyInDepth EID has debunked numerous activist-funded or authored health studies in recent years, and most of them have either specifically claimed fracking causes cancer or insinuated it can cause cancer, despite having no evidence to support
Cancer incidence rates in fracking, non-fracking states Read More »
Asian companies have signaled coming of potential second wave of international investments in US resource plays The dramatic resurgence in US upstream M&A activity since mid-2016 has been driven by the vast resource potential and compelling economics in the Permian Basin, according to 1Derrick. Deals in the Permian accounted for 48 per cent, or $24.8 billion,
Permian M&A production surge/profitability could trigger new wave of Asian investment Read More »
Supply reductions pledged by Middle East producers disproportionately affected medium, sour crudes US crude oil imports from Saudi Arabia and Iraq, two of the United States’ main sources for imported crude oil, have risen since reaching relatively low points in 2014 and 2015, according to the US Energy Information Administration. On a combined basis, crude
US crude oil imports from Saudi Arabia, Iraq recently increased, may decline soon Read More »
LNG demand “growing very quickly”: Woodside Petroleum CEO By Chen Aizhu and Mark Tay BEIJING/SINGAPORE, Feb 23 (Reuters) – China’s soaring LNG demand is sparking industry hopes that a supply overhang causing a slump in prices will end sooner than initially anticipated. China’s imports of LNG in January rose 39.7 percent from a year earlier to 3.44
China’s soaring LNG demand to help rein in global glut Read More »
Over a dozen Dakota Access protesters arrested Thursday By Terray Sylvester CANNON BALL, N.D., Feb 23 (Reuters) – More than a dozen of a dwindling number of protesters at a camp near the site of the Dakota Access pipeline were arrested on Thursday after defying a previous deadline set by authorities to vacate the Army-owned land.
Arrests among dwindling demonstrators at Dakota Access protest camp Read More »
Aramco IPO expected to be the world’s biggest IPO KHOBAR, Saudi Arabia, Feb 23 (Reuters) – The Saudi Aramco IPO could encourage other Gulf countries to list their oil assets, a leading regional economist said, but the oilgiant must clear uncertainties over taxation, OPEC policy and ownership of crude. Nasser Saidi, a former economy minister
Aramco IPO could push other Gulf states to list oil assets: Economist Read More »
Pemex inks hydrogen refinery venture with France’s Air Liquide MEXICO CITY, Feb 23 (Reuters) – Mexico’s Pemex will partner with France’s Air Liquide SA to operate an existing hydrogen plant and build a second one at its Tula refinery, the Mexican state-owned oil company said in a statement on Thursday. The 20-year joint venture partnership
Pemex inks hydrogen refinery venture with France’s Air Liquide Read More »
Crescent Point Q4 loss bigger than expected as production falls Feb 23 (Reuters) – Canada’s Crescent Point Energy Corp reported a bigger-than-expected quarterly loss on Thursday as the company’s production fell about 6 per cent. The oil and gas producer – whose core operations are in southwest Saskatchewan, the Williston Basin and the Uinta Basin
Crescent Point Q4 loss bigger than expected as production falls Read More »
Apache looking to spend $3.1 billion in 2017 Feb 23 (Reuters) – Oil and gas producer Apache Corp said it would spend 63.2 per cent more in 2017 than it did last year, joining a growing list of U.S. shale producers who are ramping up spending to take advantage of a recovery in oil prices.
Apache raises 2017 budget by more than 60 pct Read More »
