In: News

2016 on pace for worst E&P year since Great Depression, but improvement seen
August 23, 2016

According to the latest mid-year forecast assembled by World Oil magazine, only 14,430 wells will be drilled in the U.S. this year, on par with…

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Capitalizing on opportunities: Private equity investment in oil and gas
August 22, 2016

Our survey reveals PE funds are aiming to raise more money to invest in the industry. However, we also found a…

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U.S. crude oil exports are increasing and reaching more destinations
August 18, 2016

The number of countries receiving exported U.S. crude oil has risen since the removal of restrictions on exporting U.S. crude oil…

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Oil at five-week high as OPEC sources, Russia, talk of cooperation
August 17, 2016

Oil settled up nearly 2 percent on Tuesday, hitting five-week highs for a second straight day as sources at OPEC spoke…

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Oil tycoon Pickens boosted energy holdings as rigs bottomed out
August 16, 2016

Oil tycoon T. Boone Pickens boosted the value of his energy holdings by more than a third in the second quarter,…

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U.S. rig count up 17 this week to 481, Texas up 13
August 15, 2016

The number of rigs exploring for oil and natural gas in the U.S. increased by 17 this week to 481. A…

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U.S. operators need $60 oil to stage real comeback, IEA says
August 12, 2016

While shale drilling in the U.S. is on the rise again, prices need to climb nearer to $60/bbl for U.S. producers to…

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IEA: Crude Production to Fall Behind Demand
August 11, 2016

‘Our balances show essentially no oversupply during the second half of the year,’ International Energy Agency says The world’s production of…

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The Real-Estate Magnate Who’s Riding the Hottest Stock in the Oil Patch
August 10, 2016

Investors have been sifting through the rubble of the oil bust in search of bargains ever since crude prices collapsed two…

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Kuwait is hiking gas prices by up to 83%
August 9, 2016

Drivers in Kuwait may be in for a serious case of ‘sticker shock’ as gas prices soar next month. The price…

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