Industry News

U.S. crude stocks fall unexpectedly as net imports hit record low: EIA
U.S. crude oil stockpiles fell unexpectedly last week as net imports dropped to a record low due to a surge in exports, while inventories at the key storage hub in Cushing, Oklahoma continued to slide, the Energy....
Survey: Texas most attractive jurisdiction for investment
Texas is once again the most attractive jurisdiction in the world for oil and gas investment, reclaiming the top spot from Oklahoma in an annual global survey of petroleum-sector executives released by the Fraser.....
Blockchain platform Ondiflo automates ticketing processes in the oil and gas industry
Amalto SA, a provider of order-to-cash solutions, and ConsenSys, a global blockchain company, have come together to create a platform that is dedicated to the automation of ticketing processes in the oil and gas industry
Newfoundland and Labrador wants more oil, gas production
The Government of Newfoundland and Labrador remains opposed to leaving some or all of the province’s oil and gas resources in the ground as a means of limiting future greenhouse gas emissions.Provincial government
U.S. Oil Exports Go Up a Gear as Supertanker Sets Sail for China
The flood of U.S. oil exports stepped up a gear on Monday after the first fully laden supertanker sailed from an American port, alleviating a bottleneck that’s limited overseas shipments.
Korean firm reactivates Alberta oilsands project, plans to triple workforce
A subsidiary of Korea National Oil Corp. is tripling its staff count and adding experienced executives as it reactivates its BlackGold oilsands project in northern Alberta. Harvest Operations Corp. says it has hired....
Interior to hold largest oil and gas lease sale in US history
The Interior Department is planning to hold the largest sale of oil and gas leases in the country's history. The plans, would auction off 77.3 million acres of offshore waters to drilling, covering coastal waters in.....
Blackbird Energy’s Middle Montney Well Produces High Level of Condensates
Blackbird Energy released test results from its 2-20-70-6W6 Middle Montney delineation well, which is located on the company’s eastern multi-interval delineation block. The well is more than five kilometers east of.....
Chesapeake Energy Bids Adieu To Miss Lime
Chesapeake Energy (CHK) announced last week its exit from the Mississippian Lime, the play that the company helped to pioneer several years ago. We interpret the $0.5 billion price received for the properties as a
U.S. Crude Output to Jump Above 11 Million Barrels a Day Sooner Than Expected
The U.S. government sees nationwide oil production jumping above 11 million barrels a day much quicker than anticipated. After oil output already topped 10 million barrels a day back in November, output will climb above.
Oil World Turns Upside Down as U.S. Sells Oil in Middle East
The United Arab Emirates, a model Persian Gulf petro-state where endless billions from crude exports feed a giant sovereign wealth fund, isn’t the most obvious customer for Texan oil. Yet, in a trade that illustrates how
Suncor initiating roll out of driverless heavy haulers across its oilsands fleet
Just one day after announcing the official start of operations at the new Fort Hills oilsands mine, operator Suncor Energy will start replacing what appears to be its full heavy hauling mining fleet with driverless
Private firm raises $3.25 billion to pour into midstream companies
EnCap Flatrock Midstream said it has closed its fourth investment fund, collecting $3.25 billion to pour into companies that transport and store oil and gas. The San Antonio private equity firm, which has offices.......
U.S. oil industry set to break record, upend global trade
Surging shale production is poised to push U.S. oil output to more than 10 million barrels per day - toppling a record set in 1970 and crossing a threshold few could have imagined even a decade ago.
These days, oil and gas companies are super-sizing their well pads
Dave Elkin remembers in the earlier days of the Marcellus when EQT drilled three wells from a single well pad and it was considered a technological marvel. “The greatest thing since sliced bread,” Mr. Elkin, a senior....
Commentary – The Wavy World of Oil
US oil prices are treading water above $US 60/B (WTI) again, the first time since 2015. Crude oil has a northerly wind in its sails, though everybody on board this fickle ship is cautious about its compass bearing.....
New Mexico moves up in oil and gas rankings
Thanks to more barrels of oil being pumped monthly from the Permian Basin, New Mexico is among the nation’s top producing states. Industry officials in New Mexico on Wednesday celebrated the latest figures released by...
U.S. Energy Department directs $30 million to small oil, gas projects
Six small U.S. oil and natural gas drilling projects will receive about $30 million in federal funding for research and development to help achieve President Donald Trump’s policy of boosting output of fossil fuels......
Landlocked, Canada’s oilpatch leans on tech to stay in the game
Proceed with caution. That’s how Canada’s oil and gas sector is looking at 2018. After three years of depressed conditions, the new year is expected to bring improved, but still challenging energy prices, particularly...
Meibergen a patriarch of Oklahoma agriculture
Enid businessman Lew Meibergen has roots in Enid dating back all the way to the Cherokee Strip Land Run. Meibergen is former chairman of the board and president of Johnston Enterprises. The company was founded as W.B.