News

The Forces Fueling 2020’s Oil Bust

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 readjustment…

Oil’s Strategic Value Invites Government Intervention

“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 implementation…

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 in…

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 cutting…

Oil Inventories Increase, Storage Near Capacity

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 oil…

No Easy Solutions to Petroleum Issues

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 blasting…

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 oil…

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 following…

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 provider…

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

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 are…

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

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

Is Crude Oil Storage on Vessels the Answer?

Two of the world’s largest producers of crude (Saudi Arabia and Russia) refused in early March to curb output and are now flooding the market with…

Global Gas Flaring Value Approaches US$24bn a Year if Priced at European Prices

Ten countries produced 80% of all flared gas, and their forgone revenue from failing to monetize the gas constituted over US$19bn in 2019, according to leading…

Permian Production Already a Victim of Oil Price War

Following the announcement that several key operators in the Permian Basin are significantly reducing capex or production in their positions as a result of the severe…

Global Oil Glut Drives Down Price

The oil industry in the United States once again faces dramatic declines in crude oil prices at the hands of foreign countries seeking to bankrupt high-cost…

Chemical and Oil Companies to Slash Capex, Slowing Investment Wave

In the wake of the coronavirus and collapse in crude oil prices, chemical, and oil and gas, and midstream companies will all slash capital spending (capex)…

Anue Water Hires Bob Negley, Sales Manager

Tucker, GA – Anue Water Technologies, the leading supplier of cost-effective Oxygen, Ozone and other sustainable and high-performance technologies to prevent odor, corrosion, scale, bacteria, and…

Russian Oil and Gas Operators Emerge on Top Despite the Plummeting Oil Prices

Following the news that global oil prices plummeted to an 18-year low on March 18 as a result of the coronavirus-fueled demand shock and the supply…

Scoop-Stack Shale Play Drilling Activity Driven by Select Counties in Oklahoma

The Scoop and Stack shale plays of Oklahoma may not be as prolific as the Permian Basin or the Bakken shale play. However, acreages across Kingfisher,…

Reduction in Gas Flaring Benefits Producers and the Environment

More than 4.6 trillion cubic feet of natural gas were flared globally in 2019. The potential value of this flared gas could be as high as…

Were Oil & Gas Producers Hedged For The Recent Price Collapse?

While energy markets continue to be volatile, fewer oil and gas producers have hedges in place than in prior years. In addition, a number of producers…

Production in Bakken Formation Expected to Drop by 170 Thousand boe Per Day in 2020

Following the expected cuts in capital expenditure (capex) for shale operators in the Bakken due to demand shock from the coronavirus (COVID-19) and supply shock from…

Maka Central Discovery Needs at Least 210 Million boe Recoverable Resources to be Economical

The Maka Central discovery has the potential to bring more than US$50m in revenue per year to the Surinamese Government, if it sees similar success to…

MFG Chemical Promotes Tim Haggerty to VP Oil and Gas

Dalton, GA – MFG Chemical, a global leader in specialty and custom chemical manufacturing, announces the promotion of Tim Haggerty to Vice President, Oil and Gas.…

Uncertainty Looms Over Oil and Gas M&A Deals Landscape Amidst Coronavirus Outbreak and Drop in Oil Prices

The recent coronavirus (COVID-19) outbreak is adding further woes for the oil and gas industry, which is already plagued by oversupply and declining prices. This is…

As Pandemic Spreads, Democrats Prioritize Green Giveaways for Special Interests Over Citizens

WASHINGTON DC – Today, the American Energy Alliance (AEA) raised concerns about the ballooning $1.2 trillion stimulus package Congress is currently considering and what misguided proposals…

Oil Exporters Increase Production While Demand Declines

Sometimes it is difficult to understand the actions of world leaders. A perfect example is the recent decision by Russia to not agree with a proposal…

Crude Collapse to Crush US Petchem Advantage

The collapse in crude oil prices is wiping out much of the U.S. petrochemical competitive advantage while global demand is being slammed by the continuing spread…

Meridian Energy CEO Gives Update on Davis and Walton Refineries

William Prentice, CEO, Meridian Energy Group gives an update on the Davis Refinery and Walton Refinery. Prentice discusses the next step in financing and construction. Prentice…

Autonomous Technology Can Mitigate the Business Impact of the Coronavirus

The coronavirus has exposed the soft underbelly of critical infrastructure and industrial sites worldwide – workforce availability. As more and more companies implement business continuity plans…

Crude Oil Takes Big Hit From Coronavirus and Geopolitics

Geopolitics and the coronavirus gave crude oil prices a one-two knockout punch that sent prices to the canvass last week. Prices for West Texas Intermediate on…

Saudi Oil Price War Unlikely to Have Quick End

Following the news that Saudi Arabia is responding to Russia’s refusal to a new oil production cut agreement by cutting oil prices and boosting supply, Will…

MFG Chemical Names Jonathan O ’Dwyer VP Commercial Operations

Dalton, GA – MFG Chemical, a global leader in specialty and custom chemical manufacturing,  announces that Dr. Jonathan O’Dwyer has joined the company as VP Commercial…

US Shale Supply Badly Hit by Price War and Forced to Become More Resilient

Following the WTI price fall to around US$30 per barrel due to an oil price war between Saudi Arabia and Russia; Adrian Lara, Oil and Gas…

NEPA Reform Can Create Equality and Opportunity for Black America, Say Black Leaders

Commonsense NEPA Reform… is Key to a More Productive America that Helps All of Its Citizens Washington, D.C. – Calling it “regulatory reform that enhances black…

New Growth Opportunities In Oil and Gas Data Monetization – Here’s Why

Oil and gas companies are turning the large volume and variety of data into intelligence for improved asset productivity. Real-time data analysis is essential for deriving…

The ESG Evolution: Clearing Up Misconceptions

The oil and gas industry has made strides in beginning to report on ESG initiatives, but there’s still a lot more work yet to be done…

Flange Inspection Criteria

Joints Fail, Not Just Gaskets! Low bolting torques, over-tight bolt loads, weak bolt material, inadequate bolt/washer/nut lubrication, poor flange design or materials, poor gasket cutting or…

Scoop-Stack Shale Production Anticipated to Increase Slightly Despite a Drop in Rig Count

Although the Scoop-Stack has experienced one of the largest decreases in rigs among the major oil and gas plays in the U.S., its overall production has…

Natural Gas Had an Historic Year in 2019

Great news! Natural gas set production, consumption and export records in 2019. More good news for consumers is the very low price currently and the reduction…

‘Smart Water’ May Aid Oil Recovery

HOUSTON – Now there’s evidence that oil and water do mix. Sort of. Scientists at Rice University’s Brown School of Engineering show that microscopic saltwater droplets…

OU’s EMBA in Energy Program Reports Rankings Gains

Norman, Okla. – February was full of highs for the University of Oklahoma’s Energy Institute, which saw two major rankings for its Executive MBA in Energy…

New Paper Says U.S. Close to Reaching Long-Held Goal of Energy Independence

DALLAS, TX – The United States is on the verge of reaching energy independence, a goal that Congress has sought for more than four decades, according…

Oil and Gas Critical to Aberdeen’s Ambitious Plans to Become a Clean Energy Hub

As a gateway to the North Sea, Aberdeen has been pivotal to the success of the oil and gas industry, but much is now being made…

The Crude Life Interview: Joe Dancy, Energy Expert and Educator

Joe Dancy, Energy Educator and Expert, joins The Crude Life Podcast for “Headlines” and comments about the recent layoffs and future of the oil and gas…

US to Become Leading LNG Exporter by 2025

From a starting point of approximately 1.2 billion cubic feet per day (bcfd) of export capacity in 2016, the U.S. will become the third most important…

Oil Company Executives Challenge Candidates’ Energy Policy

Tuesday is Super Tuesday. It is the day when voters in 14 states, including Texas, will go to the ballot box and elect their party’s nominations…

As the World Watches the Permian, Enverus Brings the Rockies & Bakken In Focus

Growth expected to slow after 2019 gains, some operators expected to perform better than others Austin, TX – Enverus, the leading oil & gas SaaS and…

US Oil & Gas Industry Sees a Drop of 11.7% in Deal Activity

The U.S. oil & gas industry saw a drop of 11.7% in overall deal activity during January 2020, when compared with the last 12-month average, according…