What You Need to Know in Oil and Gas Today – 5.2.2018

Here are the Top Dozen Oil & Gas stories for May 2, 2018, taken directly from the @GDBlackmon Twitter Feed:

New records every month. – U.S. crude output jumps to record 10.26 million barrels per day in February: EIA 

Oooops! Time for another rocket launch!: Tesla sued by Nikola Motor for $2 bn over alleged patent violation | ET EnergyWorld

It’s always good to aspire to greater things.: As oil hits $75, Shell wants deepwater costs at $40 or below 

Cool: U.S. crude oil production efficiency continues to improve – Today in Energy – U.S. Energy Information Administration (EIA) 

But for how much longer?: US tight oil production moves up a gear 

A tense competition for capital.: It’s Houston vs. Houston, as offshore drillers compete with onshore shale oil  via @HoustonChron

A quantum leap.: Tech advances during 50 years of OTC  via @houstonchron

And well they should.: Elected officials laud oil industry

Huge.:  China ends Q1 with a robust apparent #oildemand growth of 6.8% year on year

It needs to.: Global refining capacity is going to keep growing 

Noise in the system.: API Reports Large Crude Build | OilPrice.com  #oilprice

That’s all for today.  Check back in tomorrow for another dozen Things You Need To Know In Oil And Gas Today.

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