Rig Count Continues to Fall
The weekly rig count report by Baker Hughes noted the sixteenth decline in a row for the end of March. The rig count fell to the lowest number since March 2011. 1048 rigs were engaged in oil and gas...
View ArticleCuba Oil and Gas Strategic Outlook
A report released on March 30th focuses on the potential for growth in the petroleum industry in Cuba by 2025. The report addressed the feasibility of developing the petroleum industry related to...
View ArticleOil Transport by Rail Increases
In a report released by the Energy Information Administration (EIA) shipping of oil by railroad has increased 50 fold in 5 years. In January 2010 630,000 barrels of oil were shipped, by January 2015...
View ArticleWater Quality and Gas Shale Fracturing
The Ground Water Protection Council announces the release of Texas A&M GPRI and the Environmentally Friendly Drilling Systems (EFD) Program report, Water Quality Required for Fracturing Gas Shales:...
View ArticleOPEC Has Outlived Usefulness
In a video interview for Oil & Gas 360, John Hofmeister, former CEO of Shell Oil Company, comments that OPEC has outlived its usefulness. The interview discussed the impact that Saudi Arabia has on...
View ArticleDispersant More Harmful than Oil
A study conducted by Temple University and Pennsylvania State University on the Deepwater Horizon oil spill, has discovered that the chemical dispersants used to clean the oil are more toxic to...
View ArticleRig Decline in North Dakota
North Dakota's rig count has been steadily declining since late 2014. By early April 2015 the rig count in the Bakken play has fallen below 100, the lowest count since April 2010. A recent report by...
View ArticleOil Price Impact on Canada
The Canadian economy is severely impacted by the decline in oil prices. Oil and gas is a huge part of the Canadian economy and the low price of oil had caused cancellation of two major projects in...
View ArticleU.S. Rig Count Below 1000
Baker Hughes' weekly rig count showed the eighteenth consecutive decline. The first week of April 42 more oil rigs were idled. Only 988 rigs were active as of April 10, 2015. This is the lowest rig...
View ArticleU.S. could Eliminate Energy Imports
The U.S. Energy Information Administration annual report issued on April 15, 2015 suggests that energy imports and exports could come into balance soon. This would be the first time since the 1950's...
View ArticleFive Years Since BP Deepwater Horizon - How the GOM has Changed
The BP oil spill to three months to cap and the Obama imposed a 6-month drilling ban in the Gulf of Mexico. Now five years after the disaster, drilling has bounced back strongly. The number of...
View ArticleU.S. is Swing Producer
Daniel Yergin, vice chairman of HIS, comments on the importance of the U. S. as the swing producer in oil prices following Saudi Arabia determination to not cut oil output. Yergin said, "What kind of...
View ArticleRPSEA Ultra-Deepwater Technology Conference
Check back for registration opening and a full agenda.The RPSEA Ultra-Deepwater (UDW) program conducts research that targets technologies that are beneficial to offshore operators working in the Gulf...
View ArticleEarthquakes and the Oil and Gas Industry
Headlines say that oil and gas drilling and fracing causes small earthquakes in the Midcontinent. The responsibility of the oil and gas operators in causing induced earthquakes and seismic activity...
View ArticleFuture Oil Prices - Guess? or Science?
Determining the future price on oil can be very complicated and is based on more than supply and demand. The announcements by OPEC are only part of the equation to figure future oil prices. U. S....
View ArticlePetroChina Down 82%
PetroChina, the largest oil and gas producer in Asia, announced that their 1st quarter 2015 profit has declined 82% from the 1st quarter 2014. A spokesman for PetroChina cited a, "significant drop of...
View ArticleRefining Profits Boost BP and TOTAL
Both PB and TOTAL announced higher than expected 1st quarter earnings based on increasing profits from their refineries. The earnings reflect the resilience of global oil firms to the lower oil prices....
View ArticleArctic Exploration to Continue
Royal Dutch Shell Oil announced plans to continue a massive exploration of the Arctic in the summer of 2015. Chief Financial Officer, Simon Henry, announced on April 30 that "an armada of 25 vessels"...
View ArticleMarathon Stock Splits 2 for 1
The cheap cost of crude oil has allowed refiners to make huge profits is 2015. Marathon, the U.S.'s 4th largest refiner, announced the 2 for 1 stock split when they noted that the refining and...
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