Oil and Gas News
Eagle Ford Natural Gas Production Benefiting from Crude Oil Price Crash
The oil price crash has forced Eagle Ford operators to re-evaluate their cash flows, cutting capital expenditure and rig count in 2020. By assessing the...
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...
Oil Inventories Increase, Storage Near Capacity
by Alex Mills
Even though crude oil prices rebounded about 15 percent this week, oil inventories continued to rise as energy demand and economic conditions declined. Spot crude...
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...
Coronavirus Creates Supply Chain and Workforce Management Challenges for Oil and Gas EPC Projects
Following the coronavirus (COVID-19) outbreak, China – the world’s biggest importer of crude oil – has been forced to cut down on consumption. The resulting...
COVID-19 Outbreak Leads to a Surge in Tanker Rates
The rates for chartering very large crude carriers (VLCCs) has surged exponentially due to a spike in demand for long-term offshore storage of crude oil...
Kurita Water Industries Announces Merger of Its U.S. Subsidiaries
Newly formed Kurita America aims to change how water treatment solutions are designed and delivered Nakano-ku, Japan – Kurita Water Industries, (Kurita), a leading global...