U.S. oil production reached new heights in 2024, surpassing 2023's record of 12.9 million barrels per day
Technological advancements and strategic infrastructure investments drove production growth
The achievement strengthens U.S. energy security while meeting global demand amid geopolitical tensions
Despite ongoing concerns about global economic volatility, energy transition policies,...
Royal Dutch Shell Ceo Ben van Beurden announced a strategic review of the company. This comes, he says, as a result of the economic crisis caused by the corona virus pandemic. He believes the pandemic is accelerating the world’s transition towards greener energy. As a result of the review,...
ESG stands for Environmental, Social, and Governance Criteria. These are the three criteria investors are increasingly turning to for screening potential out investments that may pose a financial risk because of one or more of their policies. According to Oil & Gas 360 these criteria are defined as:
Environmental...
Houston has a lively social scene that includes a diverse range of cultural events, humanitarian activities, and corporate networking opportunities. The city's social calendar is jam-packed with events that represent the city's dynamic energy, from elegant galas to community-driven fundraisers. In this piece, we will look at Houston Texas'...
The U.S. has directed huge investments toward solar and wind power projects in a bid to rapidly develop its renewable energy industry. But this is not the only green potential America is setting its sights on, with a surge in interest in geothermal power over the last few years....
Since the introduction of the Biden administration’s Inflation Reduction Act (IRA) and other funding policies, several states across the U.S. have benefitted from investment in green energy, tech, and other sectors. While recent funding policies offer widespread public spending across the U.S., some unexpected states are benefitting from the...
Guest submission by Phil Cruver
The Borehole Battery offers a solution for addressing Asset Retirement Obligations (ARO) in the oil and gas industry by utilizing IRA tax credits. This commentary explores the growing concern of underfunded Asset Retirement Obligations (ARO) within the oil and gas industry. It discusses the Investment...
Cushing's Oil Capacity Running Low, Threatening Global Supply
Unintended Consequences and Supply Response
The storage tanks in Cushing, Oklahoma, require a minimum level of oil to maintain normal operations, which traders generally believe is around 20 million barrels. Unusually for this time of year, stockpiles declined more than 4 million barrels...
In the bustling world of the oil and gas industry, one subject captures the essence of exploration and production activities - mineral rights. The acquisition of these rights plays a significant role in the industry, acting as the linchpin of successful extraction and processing operations. This article unravels the...
Here are the Top Dozen Oil & Gas stories for July 14, 2017, taken directly from the @GDBlackmon Twitter Feed:
All the #PeakOil nuts are in mourning.: Oil demand is accelerating, IEA says via @WSJ
Go figure.: For U.S. drillers, the dreaded correlation between stocks and bonds is back via @business
Justice...
