Exploration & Production Archives Page 22 of 29

With Canadian Oil Prices Well Below Global Averages, Country to Drop Production by 15% in 2020

Energies Media StaffApril 25, 2020November 16, 2021

by Energies Media StaffApril 25, 2020November 16, 2021

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

Energies Media StaffApril 24, 2020November 16, 2021

by Energies Media StaffApril 24, 2020November 16, 2021

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

Alex MillsApril 23, 2020November 16, 2021

by Alex MillsApril 23, 2020November 16, 2021

“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

Energies Media StaffApril 21, 2020November 16, 2021

by Energies Media StaffApril 21, 2020November 16, 2021

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

Alex MillsApril 16, 2020November 16, 2021

by Alex MillsApril 16, 2020November 16, 2021

“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

Energies Media StaffApril 14, 2020November 16, 2021

by Energies Media StaffApril 14, 2020November 16, 2021

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

Energies Media StaffApril 11, 2020November 16, 2021

by Energies Media StaffApril 11, 2020November 16, 2021

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

Alex MillsApril 2, 2020November 16, 2021

by Alex MillsApril 2, 2020November 16, 2021

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...

Over US$50bn in Capital Expenditure Cuts Announced as Oil and Gas Companies Grapple with COVID-19 and Oil Price War

Energies Media StaffMarch 31, 2020November 16, 2021

by Energies Media StaffMarch 31, 2020November 16, 2021

As the oil and gas sector comes to terms with decade-low oil prices and global disruptions caused by the coronavirus (COVID-19), company costs and investments...

TIPRO Partners With New Texas Methane & Flaring Coalition (TMFC)

Energies Media StaffMarch 31, 2020November 16, 2021

by Energies Media StaffMarch 31, 2020November 16, 2021

Austin, Texas – The Texas Independent Producers & Royalty Owners Association (TIPRO) is a proud partner of the Texas Methane & Flaring Coalition (TMFC), a collaboration...

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