Exxon Faces Fine for Russian Dealings Under Sanctions
The U.S. Treasury Department has levied a $2 million fine against Exxon Mobil Corp. for violating U.S. sanctions which barred companies from dealing with Russia,...
2017 September-October
LOGA Executive Sees Huge Litigation Costs for O&G Companies
In the ongoing legal battle between O&G companies and various Louisiana parishes, litigation costs are expected to be devastatingly high for the companies operating in...
Gulf Production Up, Exploration Activity Down
Even though crude oil production in the Gulf of Mexico remains at a record pace, companies involved in exploration face tough times, according to an...
Haynesville, LA Making a Comeback in the Oil Industry
The oil industry is filled with fierce competitors, all vying to be the leading producer of shale oil. In Louisiana, the town of Haynesville is...
Shale Drilling in Texas Provides Mixed Bag of Wealth and Environmental Changes
An industry as large as the U.S. oil industry can have a lasting effect on a state’s economy. For Karnes County, Texas, the shale oil...
Natural Gas: Saving Farms, Building Communities
The Marcellus Shale Basin in Pennsylvania is reshaping the state from the ground up. Many of the wells sit on farmland. Being a farmer is...
Russia Ran Campaign Against U.S. Oil, Gas Activity
Russia has been in the news just about every day this year. The top news story recently involves Russia’s involvement in the 2016 Presidential elections,...
OPEC Meets with U.S. Shale Producers
U.S. shale oil producers and The Organization of the Petroleum Exporting Countries (OPEC) met for the first time to talk about the future of the...
IEA Data Shows Electricity Investment Outpaced O&G Investment in 2016
The International Energy Agency (IEA) announced on July 12 that a significant shift in energy-investment patterns had occurred in 2016. According to the organization’s data,...
Brent and WTI Crude Oil Prices Expected to Average About $50 per Barrel Through 2018
EIA now forecasts Brent crude oil spot prices to average $51 per barrel (b) in 2017 and $52/b in 2018. West Texas Intermediate (WTI) crude...