Jude Hislop

US monthly oil production declines again, now below its year-ago level

News

EIA forecasts US oil production will continue to decline both on a month-to-month basis and from year-ago levels until Q4 2017 U.S. monthly crude oil production in Dec. 2015 continued to decline, as oil production reached its lowest level since Nov. 2014, according to the US Energy Information Administration. Production also declined from year-ago levels for the first time

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Basic Energy reports lower rig utilization rates, Q1 revenue will be down 17%

Energy Financial

Basic Energy CEO says oil prices under $30 WTI have caused many producers to cut back on projects Basic Energy Services, Inc. says rig utilization rates have plummeted over the past year and the Forth Worth, Texas-based company continues to stack equipment due to soft customer demand caused by low oil prices. Basic’s well servicing rig count

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Shale oil production in Baaken, Eagle Ford sees steady decline

News

Low number of rigs working Bakken, Eagle Ford almost guarantees producers dipping into inventory of drilled but uncompleted wells Oil production from key shale formations in North Dakota and Texas dropped slightly in Jan. vs. Dec. and declined significantly from the previous Jan., according to Platts Bentek. Oil production from the Eagle Ford shale basin in Texas was relatively

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Coal made up more than 80% of US retired electricity generating capacity in 2015

News

Coal-fired generation capacity retired in 2015 was 4.6% of American coal capacity at beginning of that year Nearly 18 gigawatts (GW) of electric generating capacity was retired in 2015, a relatively high amount compared with recent years, according to the US Energy Information Administration. More than 80 per cent of the retired capacity was conventional steam coal. The

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Total opens Bayport Plant to produce high-purity special fluids

News

The Bayport HDA plant utilizes a catalytic reaction process that, when combined with high pressure and distillation, enables the production of very specific high purity fluids, odorless, colorless, stable and with ultra low aromatic contents HOUSTON-Total today officially inaugurates the production of the company’s new high-purity special fluids facility in Bayport, Tex. Today’s ribbon-cutting represents

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Drones market for utilities expected to hit $16.2 billion

News

Drone technologies can assist utility infrastructure maintenance efforts by determining where ground crews should be deployed While unmanned aerial vehicles (UAVs, or drones) continue to make headlines as they grow in popularity and increasingly show up in public airspace, the drive to establish commercial uses for the technology is proceeding at a rapid pace, according

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More US oil shipments destined for Europe despite record oversupply

News

North Sea crudes like Forties and Ekofisk became less cost-effective and dropped sharply due to strengthening dated Brent price Congress late last year abolished the crude export ban and with the US oil inventories reaching all-time highs, exports to Europe and the Mediterranean have steadily increased. Europe remains an attractive destination for US crude because of higher

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