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Analysis: SCOOP/STACK operators scale back rig activity

3 days ago DieselGasoil Comments Off on Analysis: SCOOP/STACK operators scale back rig activity
Highlights Active rigs drop 25% this year Midship Pipeline likely guarantees future growth Denver — Operators in the SCOOP/STACK have shed about a quarter of rigs in the play year to date, but with Midship Pipeline on track to enter service soon, it looks to ensure production growth despite the recent decline in activity. Not Read More

Canada’s struggling energy industry takes stock at annual Stampede party

3 days ago DieselGasoil Comments Off on Canada’s struggling energy industry takes stock at annual Stampede party
CALGARY, Alberta (Reuters) – Frustration is palpable among Canadian energy executives who have flocked to the annual Calgary Stampede celebrations in Canada’s oil capital this week, even though a recent pipeline approval gives them something to celebrate amid the rodeo competitions, corporate parties and pancake breakfasts. FILE PHOTO – President and CEO of Suncor Energy Read More

EIA: Growth in Argentina’s Vaca Muerta shale, tight gas production leads to LNG exports

3 days ago DieselGasoil Comments Off on EIA: Growth in Argentina’s Vaca Muerta shale, tight gas production leads to LNG exports
7/12/2019 WASHINGTON, DC — Argentina’s domestic natural gas production has been rising steadily in the past three years, largely because of increasing production from the Neuquén basin’s Vaca Muerta shale and tight gas play. Production from Vaca Muerta surpassed 1.0 Bcfd in December 2018. As production has grown, Argentina has resumed exporting natural gas by Read More

Growth in Argentina’s Vaca Muerta shale and tight gas production leads to LNG exports

3 days ago DieselGasoil Comments Off on Growth in Argentina’s Vaca Muerta shale and tight gas production leads to LNG exports
July 12, 2019 Argentina’s domestic natural gas production has been rising steadily in the past three years, largely because of increasing production from the Neuquén Basin’s Vaca Muerta shale and tight gas play. Production from Vaca Muerta surpassed 1.0 billion cubic feet per day (Bcf/d) in December 2018. As production has grown, Argentina has resumed Read More

Storm Barry cuts half U.S. Gulf Coast oil output, flooding fears close coastal refinery

4 days ago DieselGasoil Comments Off on Storm Barry cuts half U.S. Gulf Coast oil output, flooding fears close coastal refinery
HOUSTON (Reuters) – An intensifying tropical storm in the U.S. Gulf of Mexico on Thursday cut more than half the region’s oil output, with energy companies evacuating staff from nearly 200 offshore facilities and a coastal refinery. Oil firms shut more than 1 million barrels per day of oil production, 53% of Gulf of Mexico’s Read More

Intensifying storm cut half U.S. Gulf Coast oil output, closes coastal refinery

4 days ago DieselGasoil Comments Off on Intensifying storm cut half U.S. Gulf Coast oil output, closes coastal refinery
HOUSTON (Reuters) – An intensifying tropical storm in the U.S. Gulf of Mexico on Thursday cut more than half the region’s oil output, with energy companies evacuating staff from nearly 200 offshore facilities and a coastal refinery. Oil firms shut more than 1 million barrels per day of oil production, 53% of Gulf of Mexico’s Read More

Intensifying storm shuts U.S. coastal refinery, adding to energy production losses

4 days ago DieselGasoil Comments Off on Intensifying storm shuts U.S. coastal refinery, adding to energy production losses
HOUSTON (Reuters) – Threatened flooding from a tropical storm in the U.S. Gulf of Mexico that cut nearly a third of the region’s oil production has forced the shutdown of a coastal refinery, pushing oil and gasoline prices higher on Thursday. Phillips 66 said it expected to complete the closing of its 253,600-barrel-per-day (bpd) Alliance, Read More

OPEC sees new oil surplus in 2020 as U.S. shale surges again

4 days ago DieselGasoil Comments Off on OPEC sees new oil surplus in 2020 as U.S. shale surges again
By Grant Smith on 7/11/2019 LONDON (Bloomberg) — A week after OPEC agreed to keep oil production restrained until early next year, the group’s first forecasts for 2020 showed it faces an even longer and tougher challenge. The Organization of Petroleum Exporting Countries, which pumps 40% of the world’s oil, estimated that it’s producing about Read More

Production report for June 2019

5 days ago DieselGasoil Comments Off on Production report for June 2019
      11 July 2019 Below please find average gross operated production in June 2019 and corresponding numbers for May 2019. IOX operated June 2019 May 2019 Boe/d* Bopd * Boe/d* Bopd * Colombia 1806 1268 1912 1330 * Barrels of oil equivalents per day** Barrels of oil per day As can be seen in the Read More

Robert M. Shearer Elected to Occidental Board of Directors

5 days ago DieselGasoil Comments Off on Robert M. Shearer Elected to Occidental Board of Directors
HOUSTON, July 10, 2019 (GLOBE NEWSWIRE) — Occidental Petroleum Corporation (NYSE:OXY) announced today that Robert “Bob” M. Shearer, a former managing director of BlackRock Advisors LLC, has been elected to its Board of Directors. Mr. Shearer, 64, has over 35 years of experience in securities and leading investment management firms. Before retiring from BlackRock in Read More