- Joe Barone, Shale Directories
- Blog
- June 22, 2020
Asia to lead construction of new O&G pipelines by 2024
Asia is set to lead the global construction of new trunk/transmission oil and gas pipelines by 2024, holding a 36% of total estimated additions, consulting firm GlobalData said in a new analysis on Friday.- Joe Barone, Shale Directories
- Blog
- June 19, 2020
Latest Orphan Well Report Overestimates Number of Wells and Cost of Plugging
Orphaned wells have been making headlines recently as a potential source of methane emissions. The oil and natural gas industry and regulatory agencies have collaborated on identifying the number of these wells and finding solutions to the unique challenges they present, particularly since most of them were drilled in the 1800s and early 1900s.- Joe Barone, Shale Directories
- Blog
- June 16, 2020
Chevron, Shell lead industry’s resilience at $30/Bbl Brent: WoodMac
Chevron and Shell’s upstream portfolios are the most resilient at oil price at $30 a barrel and offer the highest cash margins at $70/Bbl, according to analysts at Wood Mackenzie.- Joe Barone, Shale Directories
- Blog
- June 12, 2020
Colorado Democratic Senate Candidates Discuss Transition Away From Oil And Natural Gas
The Democratic Senate primary in Colorado heated up this week with two debates between former Gov. John Hickenlooper and former State House Speaker Andrew Romanoff.- Joe Barone, Shale Directories
- Blog
- June 11, 2020
Colorado Rising Calls It Quits On New Ballot Initiatives
“Keep It In The Ground” activist group Colorado Rising recently announced that it is abandoning its campaign to put costly new anti-oil and natural gas initiatives up for a vote in November after admitting it couldn’t gather enough signatures to qualify for the ballot.- Joe Barone, Shale Directories
- Blog
- June 9, 2020
Colorado Democratic Senate Debate: The Top Energy Issues
Colorado’s Democratic Senate primary race heats up this week with two televised debates between former Gov. John Hickenlooper and former State House Speaker Andrew Romanoff.- Joe Barone, Shale Directories
- Blog
- June 8, 2020
Premier Oil renegotiates terms for BP’s asset acquisition
Premier Oil said on Friday it has renegotiated terms for its proposed acquisition of some of BP’s assets in the UK North Sea, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- June 5, 2020
Eni restructures company to lead energy transition
Italian oil major Eni announced Thursday it will undergo a structural transformation in the coming weeks, to become “a leader in the energy transition,” Kallanish Energy reports.US, Canadian O&G rigs drop to new low
The U.S. and Canadian oil and gas rig count has fallen to a new record low on the week ending 22 May, Kallanish Energy learns from energy services firm Baker Hughes.- Joe Barone, Shale Directories
- Blog
- May 23, 2020
Natural Gas Now Best Picks of the Week – May 23, 2020
Tom Shepstone Shepstone Management Company, Inc. … … Readers pass along a lot of stuff every week about natural gas, fractivist antics, emissions, renewables, and other news relating to energy.- Joe Barone, Shale Directories
- Blog
- May 21, 2020
Total revises UK North Sea assets sale
French oil major Total said Wednesday it has rearranged financial terms of its sale of UK assets to NEO Energy, which includes the exit of Oman’s Petrogas from the deal.- Joe Barone, Shale Directories
- Blog
- May 19, 2020
Total walks away from Oxy’s Ghana asset deal
French oil major Total said Monday it’s walking away from the acquisition of Occidental Petroleum’s Ghana assets, after the Algeria deal was blocked, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- May 19, 2020
Equinor to start quarterly reports on US business results
Norway’s Equinor said Monday it will start reporting financial results for its U.S. business as a separate operating segment: Exploration and Production International.- Joe Barone, Shale Directories
- Blog
- May 15, 2020
Largest 2020 oil production cuts to come from US: IEA
Saudi Arabia has pledged to deliver an “extraordinary” production cut in June, but it’s the U.S. that will be the biggest contributor to global supply reductions, the IEA said Thursday.- Joe Barone, Shale Directories
- Blog
- May 13, 2020
Holy Mackerel Batman! Michael Moore Indicts Biofuel, Solar and Wind!
Paul Driessen Committee For A Constructive Tomorrow …. …. Michael Moore calls out biofuel, solar and wind as the corporatist rent-seeking scams they really are as “Planet of the Humans” wracks green world havoc.- Joe Barone, Shale Directories
- Blog
- May 13, 2020
European O&G firms ‘overstating’ net-zero targets: study
European integrated oil and gas majors have made strong climate change commitments, but they are “overstated,” Kallanish Energy learns from a study on Tuesday.- Joe Barone, Shale Directories
- Blog
- May 11, 2020
Oil to become ‘accidental natgas savior’: BofA
Oil markets are driving a sense of optimism in the natural gas market “not seen in years,” according to analysts at the Bank of America Global Research.- Joe Barone, Shale Directories
- Blog
- May 6, 2020
Repsol posts $528M net loss in first-quarter
Spanish oil major Repsol posted on Tuesday a first-quarter net loss of €487 ($528) million, compared to a net profit of €608 ($659) million in the same period last year, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- May 4, 2020
UK’s IGas to shut-in production for two months
UK’s onshore oil and gas company IGas Energy said on Friday it will temporarily shut-in a number of sites and furlough employees for two months, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- April 29, 2020
BP says it’s hard to forecast future outlook
BP said on Tuesday it’s hard to predict the “ultimate impact” of the coronavirus pandemic and when the current supply and demand imbalances will be sorted, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- April 24, 2020
KIITG Activists Tout Harvard Researchers’ Thin Claims Linking COVID-19 and Air Quality
Oil and natural gas companies have gone beyond providing needed energy and the resources required to make life-saving medical equipment by donating time, money and supplies in their communities – even while facing unprecedented challenges brought on by COVID-19 and the state of the oil market.- Joe Barone, Shale Directories
- Blog
- April 24, 2020
Judge Rules ‘100% Renewables’ Researcher Must Pay Attorney Fees for His Dubious Lawsuit
A Stanford University professor who sued his critics and the journal that debunked his research overstating job benefits from a switch to 100-percent renewables was rebuffed by a D.C.- Joe Barone, Shale Directories
- Blog
- April 24, 2020
Ohio’s Oil & Natural Gas Industry Demonstrates Its Commitment to the Environment
Ohio’s oil and natural gas industry has proven to be a leader in reducing carbon emissions and protecting the environment – a fact that resonated in various events that took place across the state for Earth Day’s 50th anniversary.- Joe Barone, Shale Directories
- Blog
- April 22, 2020
Crude oil prices plunge on unchanged fundamentals
As WTI crude prices plummeted into a negative territory for the first time in history, downward pressure continued on Tuesday pushing both WTI and Brent future prices down.- Joe Barone, Shale Directories
- Blog
- April 22, 2020
IEA suggests Opec+ deepen, speed up supply cuts
The International Energy Agency (IEA) said on Tuesday the Opec+ should consider quicker, deeper production cuts to ease the turmoil in oil markets, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- April 22, 2020
WTI price crash to affect UKCS producers
The historic sub-zero crash in West Texas Intermediate (WTI) crude oil prices on Monday is a stark reminder of volatility and risks to smaller producers offshore UK, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- April 16, 2020
Over 50% of global licensing rounds likely to be cancelled: Rystad
Over half of the world’s planned upstream licensing rounds are expected to be cancelled this year, Rystad Energy said in a new analysis on Tuesday.- Joe Barone, Shale Directories
- Blog
- April 10, 2020
Opec+ mega oil deal hangs on Mexico’s agreement
Opec+ group led by Saudi Arabia and Russia agreed overnight on Thursday to revive their output cut agreement, setting up a plan to reduce 10 million barrels per day (Mmbpd) in the next two months, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- April 9, 2020
Opec+ set to face challenges in emergency meeting
Opec and non-Opec producers are set to have a difficult time negotiating the terms of a potential output cut deal on Thursday.- Joe Barone, Shale Directories
- Blog
- April 9, 2020
Repsol says production averaged 700,000 Boe/d in Q1
Spanish oil major Repsol said in a trading update this week it expects its upstream oil and gas production to average 700,000 barrels of oil equivalent per day in the first quarter.- Joe Barone, Shale Directories
- Blog
- April 9, 2020
Texas oil producers asked to scale back further
The U.S.’s Institute for Energy Economics and Financial Analysis on Monday asked the Texas Railroad Commission to scale back its oil production for the good of the domestic industry, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- April 7, 2020
Four Things to Know About EDF’s New Permian Methane Estimates
The Environmental Defense Fund’s new calculations of methane leakage in the Permian Basin are still undergoing scientific review, but that didn’t stop the organization from releasing its figures – based on questionable methodologies and assumptions – alongside a map of alleged methane leaks in the basin.- Joe Barone, Shale Directories
- Blog
- April 7, 2020
Russia, Saudi Arabia ‘very close’ to break new deal
Russia and Saudi Arabia are “very, very close” to reaching an agreement on oil production cuts, the CEO of Russia’s sovereign wealth fund RDIF said on Monday.- Joe Barone, Shale Directories
- Blog
- April 6, 2020
Diseases Are Less A Problem Than Fake News and Junk Science
Paul Driessen Committee For A Constructive Tomorrow …. …. The Wuhan Corona virus has captured worldwide attention but is far less a problem than the fake news and junk science attending the diseases discussion.- Joe Barone, Shale Directories
- Blog
- April 6, 2020
Apache, Total hit second discovery off Suriname
Apache Corporation and Total announced last week a second “significant” light oil and gas condensate discovery offshore Suriname, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- April 3, 2020
Saudis, Russians may cut back supply by 10 Mmbpd: Trump
U.S. President Donald Trump said Thursday he expects Saudi Arabia and Russia will find a compromise and cut back roughly 10 million barrels of crude supply, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- April 2, 2020
BP slashes capex, cuts US onshore activities
British oil major BP said Wednesday it will slash organic capex by 25% to protect its financial health, in response to the Covid-19 pandemic and ongoing market disruption, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- March 30, 2020
BP, green investors to draft joint climate resolution
British oil major BP said Friday it will work on its climate change resolution together with green shareholders group Follow This, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- March 30, 2020
UK’s Hurricane confirms Covid-19 case in oil platform
UK’s independent E&P Hurricane Energy said Friday a crew member has been evacuated from its offshore platform in the west of Shetlands area and tested positive for Covid-19.- Joe Barone, Shale Directories
- Blog
- March 27, 2020
Petrobras cuts production by 3%, slash investments
Brazilian state-run oil company Petrobras said on Thursday it reducing production by 100,000 barrels per day by month-end in a response to the oil price shock and the impacts of Covid-19.- Joe Barone, Shale Directories
- Blog
- March 26, 2020
Sinopec Oilfield Service lifts 2020 capex by 18%
China’s Sinopec Oilfield Service Corporation (SSC) said on Tuesday it will increase its capex this year by 18.4% year-on-year, despite the current market outlook, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- March 24, 2020
COVID-19 Virus Being Fought with Methane Control Technology!
Jim Willis Editor & Publisher, Marcellus Drilling News (MDN) COVID-19 virus vaccine development, believe it or not, is being aided by methane control technology developed by an ever innovating oil and gas industry.- Joe Barone, Shale Directories
- Blog
- March 24, 2020
North Sea can survive the price rout: WoodMac
The North Sea can survive the ongoing storm in the oil and gas industry in the short-term, principal analyst at Wood Mackenzie Neivan Boroujerdi said on Monday.- Joe Barone, Shale Directories
- Blog
- March 23, 2020
Fitch cuts 2020 Brent price forecast by $21.50/Bbl 📉
Fitch Ratings revised down its short- and medium-term forecasts for crude oil prices, as the market is expected to be “massively oversupplied” in 2020, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- March 20, 2020
Pennsylvania Governor: Oil & Natural Gas Industry Is a ‘Life-Sustaining Business’
The world is changing daily as we respond to the threat of COVID-19. The need to “flatten the curve” has meant tough decisions about letting certain businesses stay open while requesting or even requiring that others close down.- Joe Barone, Shale Directories
- Blog
- March 20, 2020
Eni plans ‘strong’ cut to capex, cancels share buyback
Italian oil major Eni said on Wednesday it has cancelled its share buyback program, lowered its forecast for Brent crude and is revising its spending plans, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- March 17, 2020
Crude oil prices plummet on growing surplus
Crude oil prices plummeted on Monday as the coronavirus’ fast spread around the world is killing global oil demand, and supply continues surging, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- March 17, 2020
Aramco ‘very comfortable’ with oil at $30 a barrel: officials
Saudi Aramco is “very comfortable” with crude oil prices of $30 a barrel and will remain so “for a long time,” officials said on Monday during the company’s first earnings call with investors and analysts.- Joe Barone, Shale Directories
- Blog
- March 16, 2020
Green New Deal Fanatics Have No Concept of What They Propose
Paul Driessen Committee For A Constructive Tomorrow …. …. Green New Deal fanatics are proposing something that is literally impossible and even if it were achievable would destructive of life as we know it.- Joe Barone, Shale Directories
- Blog
- March 16, 2020
Canada’s Husky Energy trims capex, delays projects
Alberta-based Husky Energy has announced plans to trim $1 billion from its budget in 2020 in response to what it called “challenging” global market conditions with the lowest oil prices in three years.- Joe Barone, Shale Directories
- Blog
- March 13, 2020
Matador Resources to reduce drilling program
Texas-based Matador Resources Co. will reduce its drilling program from six rigs to three rigs before June 30. It is active in the Delaware Basin of West Texas and New Mexico, the Eagle Ford in South Texas and the Haynesville Shale in Louisiana.- Joe Barone, Shale Directories
- Blog
- March 13, 2020
Canadian companies cut capex
MEG Energy Corp. is cutting $50 million from its 2020 capital spending. The total will drop from $250 million to $200 million and it has also reduced its production guidance slightly from 95,500 barrels per day to 94,000 barrels per day.- Joe Barone, Shale Directories
- Blog
- March 12, 2020
Saudi Arabia, UAE to flood oil markets in April
As the coronavirus outbreak is declared a pandemic by the World Health Organization, Saudi Arabia and the UAE announced they are increasing crude supply to the market in April by around 3 million barrels per day (Mmbpd), Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- March 10, 2020
Price War on Oil Proves the Power of America’s Shale Revolution
Johnny Williams Bradford County Writer The oil price war now taking place is unimaginably good news for American’s and is all attributable to our shale revolution and the power of our innovation.- Joe Barone, Shale Directories
- Blog
- March 10, 2020
Oil prices collapse 30%, may dip into $20s
Saudi Arabia added fuel to an already burning oil market by slashing its crude oil prices to Europe, Asia and the U.S.- Joe Barone, Shale Directories
- Blog
- March 10, 2020
Parsley Energy, Diamondback Energy cut Permian drilling
Permian players Diamondback Energy and Parsley Energy announced Monday they are cutting down development activities as an immediate reaction to the crash in oil prices.- Joe Barone, Shale Directories
- Blog
- March 10, 2020
Oil price rout to trigger major industry shake-up: WoodMac
The oil price rout may trigger a major industry shake-up, and U.S. independent companies may be forced to act sooner than later, Kallanish Energy learns from Wood Mackenzie experts on Monday.- Joe Barone, Shale Directories
- Blog
- March 6, 2020
Opec proposes 1.5 Mmbpd cut until end of 2020
Opec agreed on Thursday to recommend an additional 1.5 million barrels per day (Mmbpd) of oil production cuts until the end of 2020, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- March 4, 2020