U.S. Unleashes Chevron. Oil Major To The Rescue In The Energy Crisis

CARACAS, VENEZUELA – MARCH 23: Men wearing protective masks walk in the Petare slum on March 23, 2020 … [+] in Caracas, Venezuela. As Nicol·s Maduro has declared a nationwide quarantine, the international community is concerned about how the country will control the pandemic with its rising levels of poverty and public health crisis. (Photo … Read more

The U.S. Shale Boom Is Officially Over

The days of explosive growth in US shale oil production are over. US oil production is increasing, but at a much slower pace than before the crash of 2020, and at lower rates than expected a few months ago. New shale patch priorities – capital discipline and a focus on shareholder returns and debt repayment … Read more

Permian Basin Drives The U.S. Oil Industry Despite Limits On Growth

Oil well pumping outside Midland Texas. (Photo by: Joe Sohm/Visions of America/Universal Images … [+] Group via Getty Images) Joe Sohm/Visions of America/Universal Images Group via Getty Images A meme that made the rounds on Twitter this week quite succinctly describes the cyclical nature of employment levels in the oil and gas industry. The meme … Read more

Biden to Announce Restrictions on Methane Emissions at COP27

SHARM EL SHEIKH, Egypt — President Biden to tighten restrictions on methane emissions, a potent greenhouse gas, and increase funding for developing countries to adapt to the effects of change change and switch to cleaner technologies, according to the White House. Mr Biden is expected to announce the measures in a speech to a United … Read more

Frackers Jockey With Potash Miners for Space to Grow in Top U.S. Oil Field

Frackers at America’s busiest oilfield clash with miners working to boost production of a vital nutrient for crops in short supply after Russia invaded Ukraine. Relentless drilling in the Delaware Basin has boosted New Mexico’s oil production faster than any other state in the past 10 years. But Delaware, part of the Permian oilfield that … Read more

Biden Pitches Plan to Refill Oil Reserves, but Producers Are Skeptical

After releasing the most oil ever extracted from the U.S. Emergency Petroleum Reserve, the Biden administration signals it will soon fill, a multibillion-dollar venture that it hopes will spur drilling activity slow domestic. The land is likely to be a tough sell for many domestic producers, say industry executives and analysts. “It’s a bit more … Read more

U.S. Households See Electricity Bills Soar As Energy Crisis Comes To America

A central theme that comes to mind is the impact of rising natural gas prices and, by extension, electricity prices. Americans will soon see higher gas prices at the pumps due to OPEC+ production cuts planned for next month. Many people will also see their electricity bills increase this winter as natural gas generators power … Read more

U.S. LNG Exports To France, Croatia, Poland Up More Than 1,000%

U.S. exports of natural gas, mostly in liquid form, have soared over the past two years, including … [+] in the month of August. Much of this LNG is destined for Europe. ustradenumbers.com U.S. exports of LNG and other natural gases rose sharply in August, government data showed Thursday, particularly to European countries facing a … Read more

U.S. Natural Gas Production Sets A New Record, But Don’t Expect Relief On Your Heating Bills

The liquefied natural gas carrier LNG Sakura passes a container terminal on arrival in Tokyo … [+] Gas Co.’s Negishi LNG terminal in Yokohama, Japan on Monday, May 21, 2018. Tokyo Gas received Japan’s first shipment of LNG today from Dominion Energy’s Cove Point project, the company said in a communicated. Photographer: Tomohiro Ohsumi/Bloomberg © … Read more