Sailing Into the Eye of the Perfect Oil Storm: COVID-19
Stories from members of the offshore oil and gas tribe as they work to keep the sails trimmed and the ship afloat during the turbulent...
Exploration & Production
The Great Offshore Oil and Gas Discovery in Guyana
ExxonMobil won the prize. The greatest offshore oil discovery in recent decades was secured by the world’s largest exploration and production company in May 2015....
With Canadian Oil Prices Well Below Global Averages, Country to Drop Production by 15% in 2020
Following recent news about Oil Sands producers shutting down crude production due to their unprofitability; Adrian Lara, Senior Oil & Gas Research Manager at GlobalData,...
Scoop-Stack to Hit Record-low in Terms of Average Rig Count in 2020
Scoop-Stack hit a peak, in terms of rig count in 2018, averaging approximately 75 rigs for the year with the majority of them operating within...
Oil Price Crashes to Record Low
by Alex Mills
“Classic supply and demand imbalance.” “Perfect storm.” “Insane.” That’s how government and oil industry officials described the historic collapse of crude oil prices this week....
Crude Production Cuts in the US Too Slow to Support the Price as Storage Runs Out by Mid-May
Following the historic fall of the West Texas Intermediate (WTI) futures price for May delivery into negative territory, going as low as negative US$37.6 per...
Oil’s Strategic Value Invites Government Intervention
by Alex Mills
“Oil ain’t pork bellies.” That was a comment made during the debate in the early 1980s regarding the decline in crude oil prices and the...
TIPRO Reaction to Railroad Commission Proration Hearing
Austin, Texas – Today, the Railroad Commission of Texas will conduct an open meeting to discuss a motion to determine reasonable market demand for oil...
Pemex in No Position to Maintain Output Profitably Regardless of OPEC+ Requests
Following today’s news (Friday 10 April) that the OPEC+ agreement, which will cut production by ten million barrels, is contingent on Mexico’s consent to also...
No Easy Solutions to Petroleum Issues
by Alex Mills
The economic chaos facing the oil and natural gas industry in the United States is real and it is coming fast like a runaway locomotive...