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Oil Prices Gain 2% on Tightening Supply

Oil & Gas 360

Contributor since: 09 Jun 2016

Oil & Gas 360

From our headquarters in Denver, Colorado, Oil & Gas 360® writes in-depth daily coverage of the North American and global oil and gas industry for institutional investors, analysts and energy professionals. Our dedicated reporters and editors cover operational news, earnings and financial developments at exploration and production companies, midstream transportation and oilfield service companies, with analysis of transactions, trends, technologies and the geopolitics impacting commodity prices and the global oil and gas industry.  Readers are encouraged to join more than 32,000 other professionals who subscribe to our free email distribution of energy news and closing commodities prices

Latest articles from Oil & Gas 360

  • Sustainability Or Growth? E&Ps Face A Difficult Decision

    Published 01 October 2017 | viewed 8,793 times

    Only 16 E&Ps are expected to grow production and keep spending within cash flow U.S. unconventional E&Ps often find themselves in a difficult position in…

  • Canada’s Largest Shale Play Is Gaining Momentum

    Published 01 October 2017 | viewed 12,617 times

    The National Energy Board of Canada released a resource assessment today, examining the Duvernay Shale of Alberta. Deposited during the Devonian Period, the Duvernay Shale…

  • Another U.S. LNG Export Project To Come Online In Q4

    Published 30 September 2017 | viewed 12,908 times

    Liquefied natural gas, long the domain of foreign producers like Qatar, has come to the U.S., with many LNG projects in the works. In general,…

  • BP Begins Tight Gas Production In Oman

    Published 29 September 2017 | viewed 12,734 times

    Tight gas production techniques perfected in the U.S. expected to deliver 1 Bcf/day to Sultanate of Oman; two-phase project targets 10.5 Tcf of natural gas…

  • Texas Sees Increase In Oil And Gas Employment

    Published 26 September 2017 | viewed 12,160 times

    Texas accounts for 54 percent of all U.S. oil and gas employment The Federal Reserve Bank of Dallas has released its September Energy Indicators, outlining…

  • Eagle Ford Sees Surge In Production

    Published 23 September 2017 | viewed 16,713 times

    Sanchez, Chesapeake dominate Dimmit County with 210 permits in 2017 While it has been recently eclipsed by the Permian, the Eagle Ford in South Texas…

  • Heavy Crude Production Hit Hard By OPEC Cuts

    Published 23 September 2017 | viewed 37,041 times

    Heavy crude becoming more expensive, light crude becoming cheaper Crude oil is not all created equal, and many major producing locations have their own grades.…

  • How Mexico’s Energy Reform Will Impact The U.S.

    Published 21 September 2017 | viewed 7,187 times

    Mexican imports of crude, gas and refined products rising quickly: country’s population growth rate is double OECD average The liberalization of Mexico’s energy sector has…

  • BP Cuts North Sea Production Costs In Half

    Published 17 September 2017 | viewed 22,626 times

    Dudley credits standardization, simplification In a talk he gave last week at the Society of Petroleum Engineers Offshore Europe conference in Aberdeen, BP CEO Bob…

  • China To Dictate Energy Growth In Coming Years

    Published 16 September 2017 | viewed 12,241 times

    Natural gas, renewables expected to grow significantly The EIA released this year’s International Energy Outlook today, outlining expected trends in energy through 2040. The International Energy Outlook…

  • Cheniere Energy Partners Announces $1 Billion Debt Offering

    Published 12 September 2017 | viewed 6,148 times

    Today, September 11, 2017, Cheniere Energy Partners, L.P. (Ticker: CQP) announced an offering of $1.0 billion principal amount of Senior Notes due 2025. Cheniere Partners…

  • BP’s New Offshore Project In India

    Published 11 September 2017 | viewed 7,056 times

    Out of Azerbaijan, and Into India A current existing deal between international oil giant BP (ticker: BP) and SOCAR in the Azeri-Chirag-Guneshli (ACG) field is…

  • The Next Step In Mexico’s Oil & Gas Privatization Push

    Published 04 September 2017 | viewed 10,970 times

    Mexico’s Energy Regulatory Commission (CRE) released its first monthly price report on August 18, 2017. As part of its ongoing series of energy reforms that reduce government market…

  • These Numbers Suggest Yet Another Surge In The Permian

    Published 04 September 2017 | viewed 33,283 times

    The Permian is the heart of modern oil and gas activity, with well over 300 rigs operating and tremendous growth set to continue. But companies…

  • Will Statoil Bail On Its Barents Sea Project?

    Published 02 September 2017 | viewed 12,073 times

    210-420 Bcf recoverable not enough in Barents Sea Statoil (ticker: STO) reported the results of its first well in the Korpfjell prospect, an exploratory well…

  • Australia Set To Be Largest LNG Exporter By 2020

    Published 02 September 2017 | viewed 18,792 times

    (Click to enlarge) Harold Hamm, Chairman of Continental Resources (ticker: CLR) sees attractive long-term growth prospects in global gas demand, the Financial Times reported in…

  • U.S. Energy Expenditure Level Lowest In Over A Decade

    Published 12 August 2017 | viewed 8,116 times

    The EIA reported today that the U.S.’s expenditures for delivered energy totaled $1.127 trillion, or 6.2 percent of the nation’s GDP, in 2015—the lowest since…

  • U.S. Is A Net Exporter Of Natural Gas For First Time In 59 Years

    Published 09 August 2017 | viewed 20,132 times

    Exports outweigh imports in February, April, May: EIA The U.S. has been a net exporter of natural gas for three of the first five months…

  • Gulf Of Mexico Growth Second Only To Permian

    Published 29 July 2017 | viewed 11,987 times

    GOM growth second only to Permian Big projects are coming back, according to the U.S. government’s energy data compiler. Gulf of Mexico oil production is…

  • U.S. Coal Finds Footing In European Markets

    Published 22 July 2017 | viewed 19,373 times

    U.S. responsible for 40 percent of the world’s new gas production by 2022: IEA A report by the EIA indicated that coal exports—for both steam…

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