Oil, Natural Gas Prices Pass Milestones
Crude oil and natural gas wellhead prices crossed a psychological price threshold last week as crude oil closed at $50.41 and natural gas closed at...
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$400 Million Project Planned for Oklahoma East STACK Play
Oklahoma-City based Tall Oak Midstream III, LLC announced on September 19 that it is building a natural gas gathering system in Oklahoma’s East STACK play,...
EIA Forecasts Record Oil Production In U.S.
Even though the Energy Information Administration (EIA) at the Department of Energy hedged its monthly analysis of energy markets in the U.S. because of Hurricane...
Jim Chanos is Short on Shale
During the world-renowned Delivering Alpha conference in New York, Jim Chanos announced that his company Kynikos Associates was short on multiple U.S. Shale oil producers. Being...
Magellan and Valero Announce Joint Storage Facility in Texas
Magellan Midstream Partners, L.P. and Valero Energy Corporation announced on September 14 that they would be working together to expand and develop the marine storage facility...
Recovering from Hurricane Harvey – The Aftermath Phase
Disaster response and business continuity focus on the immediate response during the event and long-term recovery. However, critical to this process is the immediate aftermath...
Hurricanes Present Huge Challenges To Petroleum Industry
Hurricane Harvey has presented a challenge for the petroleum industry’s efforts to continue to providing consumers with a safe, reliable, and affordable product during extremely...
French Push for Carbon Neutrality Spearheaded by Environment Minister
On September 6th, France revealed the draft of a bill that would ban all oil and gas exploration and production (E&P) within the country and...
Harvey Creates Issues for Texan Oil Industry
The catastrophic flooding and high-velocity winds accompanying Hurricane Harvey had overarching effects on both residents and businesses in the Gulf Coast area, particularly in Texas....
India to Diversify Crude Oil Import Policy
In an effort to reduce its dependence on crude imports from Middle Eastern countries led by Saudi Arabia, India is considering diversification of its crude...