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Oil Prices Rally with Increasing Rig Count

The number of oil and gas rigs operating in the U.S. rose by eight this week according to Baker Hughes. Seven of the rigs were to natural gas sites. Prior to this week most of the increased rig count had ...

Venezuela’s Oil Output Continues to Collapse

Over 1 million people protested in a massive march in Caracas on September 1, demanding the removal of President Nicolas Maduro. Madura’s government is blamed for the corruption and poor management of Venezuela’s oil assets. One protestor told Reuters, "We ...

Offshore GOM Platforms Restart

Some operators in the eastern Gulf of Mexico began returning workers to offshore platforms as Hurricane Hermine movers towards Florida and turns north along the Atlantic coast. Anadarko Petroleum began retuning non-essential personnel to Marco Polo, Constitution and Heidelberg facilities ...

Permian Basin – Hottest Shale Play

The “great land grab”, the hallmark of a renewal in interest in unconventional resources began in the 2nd quarter 2016. With oil prices finally starting to rebound, the future for the Permian Basin is better than for other resource play ...

RPSEA Elects New President - Tom Williams

August 2, 2016 - The Research Partnership to Secure Energy for America (RPSEA) has elected Tom Williams as its new President. Throughout his career since holding management positions at the U.S. Department of Energy and Interior from 1989 to 1993, ...

Dismal Interest in Offshore GOM Lease Sale

For the first time the annual Federal sale of oil and gas leases in the Gulf of Mexico was broadcast live on the internet. The oil and gas industry was very cautious and only three companies places bids, and they ...

1st U.S. LNG Cargo arrives in China

The 1st cargo of liquefied natural gas (LNG) from the U. S. arrived at the Chinese port of Yantian near Hong Kong on Monday. China is the world’s largest energy consumer and the shipment represents a new target for U.S. ...

Russia Increases Military Presence in Arctic

To continue their policy of dominance in opening the polar region for oil and gas development, Russia is scaling up military activities in the Arctic. Included are large-scale military exercises, reconstruction of infrastructure in the region, and reopening old air ...

Oil Reaches New Highs

Oil prices reached the highest in 5 weeks on Wednesday. Brent crude hit $48.74 per barrel and West Texas Intermediate reached $46.16 per barrel. Heavy oil losses in Nigeria due to military attacks reduced supplies by 700,000 bbl per day, ...

Chesapeake Leaves the Burnett

Chesapeake Energy reached an agreement on Aug 11 with Saddle Barnett Resources to transfer their remaining Barnett Shale assets. This marks Chesapeake’s exit from the” birthplace of horizontal drilling”, and will allow the company to eliminate drilling costs and pipeline ...