IMO 2020 is set to radically change the ecosystem of the world’s refined products with dramatic effects for both marine fuel suppliers and consumers. Unprecedented shifts in supply and demand and logistical challenges will upend the oil and gas value chain's status quo when the International Maritime Organization’s (IMO)...
Bakken Shale – North Dakota/Montana
The Bakken is another shale play that is currently experiencing a boost in capital being reallocated out of the Permian Basin. A new report from Bank of America Merrill Lynch finds that year-to-date drilling activity for the Bakken is 20 percent higher than in the...
As Joe Biden and the world’s elites make plans to hop on their private jets and fly over to Glasgow on Halloween to attend the UN’s COP26 climate summit, Biden’s plans to go green are falling apart. Oil prices are through the roof, gas prices are through the roof,...
Jul 19, 2021
Corpus Christi, TX, USA – The Port of Corpus Christi ended June 2021 with a new record quarter and a record first half of the year, moving nearly 80.5 million tons of cargo in the first six months of the year.
The Port’s first-half 2021 total tonnage yielded...
Russian oil minister Alexander Novak warned Tuesday that global oil prices could hit $300 per barrel in the event of an import ban. Novak went onto suggest that Russia could shut down the Nord Stream 1 pipeline, which supplies much of Europe’s natural gas needs, in retaliation for a...
Bakken Shale - North Dakota/Montana Due to ongoing booming production from the nation’s second-largest oil producing basin, Energy Transfer announced it was expanding the capacity in its Dakota Access Pipeline system to 570,000 bpd. The company said it had moved more than 500,000 bpd during the fourth quarter of...
Some major relief for Permian producers. - EPIC Midstream Holdings announced on August 16 that it has begun shipping Permian Basin crude on its 400,000 barrel per day (bpd) oil pipeline to the Texas Gulf Coast. The pipeline's end-point is at the Moda Midstream export terminal at Ingleside, Texas, which lies across Corpus Christi Bay from...
Shale Play Energy Updates
Note: Recent events surrounding the global coronavirus pandemic and the collapse of the OPEC+ export limitation agreement have disrupted the normal course of business in the U.S. shale industry. At the time of this issue’s publication, shale producers were universally focused on restructuring their capital budgets...
Oil and natural gas produced from the shale plays around the Lone Star State provide huge revenues to the local and state governments, and those revenues ultimately benefit every citizen in the state.
Monday's announcement by Qatar that it is leaving OPEC does not spell the end of that organization, or really do it much harm, despite some of the fright pieces coming from the energy-related news media today.
Qatar has not really been a major player within OPEC, a reality that has...
