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U.s. oil
Oil Price
US Seeks $3 Billion to Boost Oil Producers as Prices Plunge
The Trump administration said Thursday that it is seeking $3 billion from Congress to top up the country’s strategic petroleum reserves, potentially propping u…
Oil Price
Exxon To Slash Spending As Oil Price Collapse Continues
Exxon has become the latest U.S. oil company to announce plans for spending cuts amid the coronavirus outbreak that caused a price slide significantly aggravate…
Oil & Gas Trade
India May Significantly Boost U.S. Oil Imports
India and the United States will discuss India’s energy security and the Asian country buying increased volumes of U.S. crude oil when U.S. President Donald Tr…
Encap
Since 1988, EnCap Investments has been the leading provider of venture capital to the independent sector of the U.S. oil and gas industry. The firm has raised 2…
Oil & Gas Trade
Does OPEC See U.S. Oil Output as Half Full or Half Empty?
Ahead of their meeting in Vienna later this week, OPEC’s oil ministers have done a good job of convincing themselves that they can simply decide to hold steady…
CCS
The Top Five Legal Barriers To Carbon Capture And Sequestration In Texas
Texas has long been home to a large number of U.S. oil and gas companies with the technical and industrial know-how to tackle the hurdles of capturing, transpor…
Oil & Gas Trade
Trump’s Proposal for U.S. Companies to Develop Syrian Oil Faces Hurdles
U.S. President Donald Trump’s suggestion on Sunday that Exxon Mobil or another U.S. oil company operate Syrian oil fields drew rebukes from legal and energy ex…
Oil&Gas Drilling
OPEC+ will Factor in Weak U.S. Output at December Meeting
Russia’s energy ministry said on Monday that OPEC and its oil-exporting allies would factor in the slowdown of U.S. oil output growth when they meet to discuss…
Shale Gas
Global Markets are “Awash” in Crude Thanks to the Surge in U.S. Oil Output, Rick Perry Said
Global markets are “awash” in crude thanks to the surge in U.S. oil output, and the boom looks set to continue, U.S. Energy Secretary Rick Perry said in a Blo…
Oil & Gas Trade
U.S. Oil Major Chevron Says Hopeful About Maintaining Venezuela Presence
U.S. oil major Chevron Corp said late on Friday it is optimistic about maintaining a presence in Venezuela even amid U.S. sanctions on the country and state oi…
Shale Gas
The Warning Signs Are Flashing For U.S. Shale
U.S. oil production growth has slammed on the breaks, as low prices and the loss of access to capital markets has forced a slowdown in drilling.
Oil&Gas Drilling
U.S. Crude Oil Rig Count Plunges To Near 2-Year Low
The US oil and gas rig count fell sharply on Friday, decreasing by 19 for the week, according to Baker Hughes. The total oil and gas rig count now stands at 916…
Oil & Gas Trade
Iraq Continues Negotiations with US Exxon Mobil Over Mega Project
Iraq Oil Ministry on Saturday said its negotiations with U.S. Exxon Mobil over a mega project in southern Iraq are still on track, denying reports that the mini…
Oil & Gas Trade
Venezuela Opposition Divided by Proposal for Iraq-Style 'Oil-for-Food' Program
A proposal to modify U.S. oil sanctions on Venezuela to allow crude exports to be bartered for food has divided the country’s opposition between those who say …
Trump's Tariffs Disrupt USMCA And The U.S. Oil & Gas Boom
The U.S.-Mexican energy partnership helps explains why approving the USMCA deal is such an urgent priority.Unfortunately, the Trump administration has announced…
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