By Andrew York-Thomson This article was published by the US Energy Information Administration on Aug. 2, 2019. Petroleum, which consists of crude oil and refined products such as gasoline, diesel, and propane, is the largest [Read more]
By Jeff Barron This article was published by the United States Energy Information Administration on May 10, 2019. Net income for 43 US oil producers totalled $28 billion in 2018, a five-year high. Based on [Read more]
“…in Alberta we believe that markets are the best way to set prices.” – Rachel Notley, December 2 A week in and the consensus seems to be that Rachel Notley made the right decision to [Read more]
Source: Scotiabank – Shut In? Assessing the Merits of Government Supply Intervention in the Alberta Oil Industry Royalty credit for production curtailment provides middle ground for industry players To curtail or not to curtail: that is the [Read more] [Read more]
Technology tranforming oilfield: fracking, horizontal drilling, multiple wells from single pad on production side, digital tech on business side Texas oil production is booming like never before, especially in the prolific Permian Basin, but just like [Read more]
US added just under 50% of new reserves, Canada added less than 6% In 2017, a group of the world’s largest publicly traded oil and natural gas producers added more hydrocarbons to their resource base [Read more]
EIA expects OPEC crude oil production will average 32.0 million b/d in 2018, a decrease of about 0.4 million b/d from 2017 In the June 2018 update of its Short-Term Energy Outlook (STEO), EIA forecasts Brent crude [Read more]
Refineries in US East Coast have minimal pipeline access so bring in Western Canadian crude oil by rail In March of 2018, Canadian oil volumes exported by rail reached a 3-year high of over 170,000 [Read more]
Almost 80% of oil produced in Alaska in 2017 was refined in Washington and California In Dec. 2017, the passage of Public Law 115-97 required the U.S. Secretary of the Interior to establish and administer a competitive [Read more]
Source: Bloomberg New Energy Finance. Note: Battery-electric and plug-in hybrid light duty vehicles Rapid technology change forecasts vs. more cautious predictions based upon energy transition history If you happen to come across a Big Oil [Read more]
Significant volumes of gasoline flow from refineries in Eastern Canada to serve markets in Northeast US Canada is the largest energy trading partner of the United States, based on the combined value of energy exports [Read more]
Between Jan. and April 2018 the differential between WTI and WCS has averaged US$22.50 Crude oil produced in Canada varies widely in quality and grade. Crude oil can be characterized as light, medium, or heavy, [Read more]
Inability to fully load larger and more cost-effective vessels has pricing implications for US crude oil exports U.S. crude oil exports averaged 1.1 million barrels per day (b/d) in 2017 and 1.6 million b/d so [Read more]
Greater GDP growth has potential to increase oil consumption beyond forecasted levels, putting upward pressure on crude oil prices EIA’s May Short-Term Energy Outlook (STEO) forecasts that Brent crude oil prices will average $71 per barrel (b) [Read more]
Of the 132,000 b/d of Canadian crude oil imported by rail in 2017, over half went to U.S. Gulf Growth in Canadian crude oil production has outpaced expansions in pipeline takeaway capacity and, along with past [Read more]
As rig counts recover from decreases during 2015 and 2016, producers have increasingly targeted Permian Basin in West Texas US tight crude oil production increased in 2017, accounting for 54% of total U.S. crude oil [Read more]
Declining profit margins, reduced expectations for quick price recovery prompted many GOM operators to reduce deepwater exploration spending in 2015, 2016 U.S. crude oil production in the Federal Gulf of Mexico (GOM) increased slightly in [Read more]
Permian Basin spans 53 million acres across western Texas and southeastern New Mexico Recent growth in U.S. crude oil production has been primarily light, sweet crude oil, defined as having an API gravity of 35 [Read more]
Production levels in Colorado, Oklahoma, North Dakota each grew by more than 30,000 b/d from 2016 to 2017 Annual average U.S. crude oil production reached 9.3 million barrels per day (b/d) in 2017, an increase [Read more]
Push carbon-intense heavy crude oil from Venezuela, Mexico, Colombia, etc out of global market with de-carbonized Alberta oil sands crude My understanding of the Paris climate agreement: humankind agreed to de-carbonize the existing energy system [Read more]
@2020 Energi Media Ltd., | Covering Energy’s Tommorrow
