Production

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U.S. crude oil reserves in 2012 surged to their highest level since 1976, but low natural gas prices drove down gas proved reserves for the first time since 1998, the Energy Information Administration (EIA) said Thursday. Read More

Rising shale gas supplies from the eastern United States took Ontario and Quebec by storm before a pipeline toll overhaul... Read More

BP plc has no plans to turn its back on considerable Russian oil and natural gas prospects, and the company, in fact, expects to play an important role to bridge engagement between Russia, as an energy supplier, and Europe, as an energy consumer, Group CEO Bob Dudley said Thursday. Read More

Chevron Corp. reported Wednesday that its U.S. natural gas production rose in January and February from the year-ago period, with upstream net output hitting 664,000 boe/d, up from 637,000 boe/d. Read More

Unusually cold weather that remained in place over portions of the country into the last days of winter helped drive working natural gas in storage to an estimated 826 Bcf at the end of March, the lowest level in 11 years. But a rebuild of nearly 2,600 Bcf over the injection season is expected to push inventories up to 3,422 Bcf by the end of October, according to the Energy Information Administration (EIA). Read More

U.S. dry natural gas production during January wasn't slowed... Read More

Analysts with IHS Inc. said Wednesday the crisis in Ukraine could continue to evolve, but it is unlikely that Russia would cut off natural gas supplies... Read More

Royal Dutch Shell plc plans to lay off staff in its U.S. exploration and production (E&P) arm and cut upstream Americas spending by 20% this year to right its capital spending with cash flow. Read More

The North American energy sector -- from exploration and production (E&P), oilfield services and midstream -- still has a big target on its back again this year among activists that want to force changes, according to Moody's Investors Service. Read More

Gulf of Mexico (GOM) player Energy XXI, which has made a name for itself through production expertise and horizontal drilling finesse... Read More