Petroleum

U.S. Oil, Natural Gas Rig Count at Record Low as Demand Recovery Sputters

U.S. Oil, Natural Gas Rig Count at Record Low as Demand Recovery Sputters

U.S. oil and natural gas drilling activity has hit its lowest point since Baker Hughes Co. began publishing rig count data in 1987, the Energy Information Administration (EIA) said Wednesday.

May 20, 2020
Canada Oil, Natural Gas Drilling Seen Plunging to 49-year Low Amid Pandemic, Demand Rout

Canada Oil, Natural Gas Drilling Seen Plunging to 49-year Low Amid Pandemic, Demand Rout

Canadian oil and natural gas drilling is plummeting to the slowest pace in half a century, report the industry’s field contractors.

May 4, 2020
U.S. Petroleum Consumption to Lowest Level Since Early 1990s on Covid-19 Mitigation

U.S. Petroleum Consumption to Lowest Level Since Early 1990s on Covid-19 Mitigation

Consumption of petroleum products in the United States fell to 13.8 million b/d in the week ending April 10, according to the Energy Information Administration (EIA), the lowest level since at least the early 1990s, when the agency began publishing such data.

April 23, 2020
Qatar Starts Drilling Wells to Feed Planned LNG Mega Trains

Qatar Starts Drilling Wells to Feed Planned LNG Mega Trains

State-owned Qatar Petroleum said Wednesday that it has spud the first of 80 wells as part of its ambitious North Field East (NFE) Project aimed at significantly expanding its liquefied natural gas (LNG) output in the coming years.

April 15, 2020
Senate Energy Chair Wants DOE to Shine Spotlight on Possible Oil Production Shut-Ins

Senate Energy Chair Wants DOE to Shine Spotlight on Possible Oil Production Shut-Ins

Lisa Murkowski (R-AK), chairman of the Senate Energy and Natural Resources committee, is urging the Department of Energy’s Energy Information Administration (EIA) to publish data on oil storage capacity as a warning indicator of potential shut-in oil production.

April 1, 2020
Senate Energy Chair Wants DOE to Shine Spotlight on Possible Oil Production Shut-Ins

Senate Energy Chair Wants DOE to Shine Spotlight on Possible Oil Production Shut-Ins

Lisa Murkowski (R-AK), chairman of the Senate Energy and Natural Resources committee, is urging the Department of Energy’s Energy Information Administration (EIA) to publish data on oil storage capacity as a warning indicator of potential shut-in oil production.

April 1, 2020

Oxy Floats ‘Poison Pill’ in Bid to Dilute Icahn Stake

The Occidental Petroleum Corp. (Oxy) board on Friday adopted a limited duration stockholders rights plan, known commonly as a “poison pill,” in an effort to dilute activist billionaire shareholder Carl Icahn’s growing stake in the Houston-based independent.

March 16, 2020
Shell, Ecopetrol Form Deepwater Natural Gas Alliance Offshore Colombia

Shell, Ecopetrol Form Deepwater Natural Gas Alliance Offshore Colombia

A subsidiary of Royal Dutch Shell plc has acquired a 50% operating stake in three ultra-deepwater natural gas blocks from Colombian national oil company Ecopetrol SA, the companies said Friday.

February 13, 2020

Global LNG Industry Working to Decarbonize

The ongoing transition to a low carbon energy economy is having an impact on the global natural gas sector as operators work on ways to compete with the rise in renewable energy.

October 28, 2019

Qatar Continues Prepping for Massive LNG Export Expansion

Qatar’s state-owned producer, the largest natural gas exporter in the world, is aiming to remain on the leaderboard as it awards contracts to enhance production capacity by 2024 to 110 million metric tons/year (mmty) from 77 mmty.

April 2, 2019
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