Posted on November 3, 2014 at 1:57 pm by Joshua Cain in
Arctic,
Europe,
Offshore |
The Norwegian oil conglomerate estimates the field could generate as much as 650,000 barrels of oil per day.
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Exxon CEO Rex Tillerson said that the earnings growth was “driven by higher margins and improved operations in the downstream and chemical businesses.”
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Posted on October 29, 2014 at 1:46 pm by Bloomberg in
Crude oil,
featured,
Hydraulic fracturing,
Shale |
U.S. crude production climbed to the highest level in at least three decades last week as the shale boom moved the country closer to energy independence.
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Posted on October 24, 2014 at 9:17 am by Rhiannon Meyers in
Eagle Ford,
Finance/Earnings |
The Houston energy producer posted record high production thanks largely to its footprint in the Marcellus Shale and Eagle Ford Shale.
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More supply from hydraulic fracturing and horizontal drilling, and less demand, are contributing to the tumble in West Texas Intermediate crude.
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Posted on October 2, 2014 at 10:59 am by Bloomberg in
Exploration,
Refining
The companies agreed to analyze exploration, drilling and refining opportunities.
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Although Eagle Ford wells tend to drop in production by 60 to 70 percent in the first year, the shale has seen significant surges in crude oil production, the U.S. Energy Information Administration said in a report released Monday.
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Posted on September 26, 2014 at 4:04 pm by Bloomberg in
Natural gas
The rebound in gas rigs threatens to come at the expense of oil drilling, as U.S. crude has dropped by more than $10 a barrel over the past three months.
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Posted on September 26, 2014 at 7:20 am by Bloomberg in
Crude oil,
Middle East
The oil-refining wave in the Middle East is filling tankers to export the region’s processed fuels and driving freight rates to the highest for the time of year since 2008.
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Posted on September 24, 2014 at 1:48 pm by Robert Grattan in
Crude oil,
Markets,
Politics/Policy
The going rate for a barrel of oil in the U.S. could tumble $30 below international benchmarks in the coming decades if U.S. policymakers don’t reverse a ban on exporting crude oil, according to a report by analyst group Wood Mackenzie.
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NRG is installing technology at the W.A. Parish plant to capture carbon dioxide before it is emitted into the atmosphere.
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Posted on August 5, 2014 at 9:03 am by Collin Eaton in
Finance/Earnings,
Shale
Rising shale oil production pushed Marathon Oil Corp.’s profits up 27 percent in the second quarter as the firm worked to improve its hydraulic fracturing in North America.
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