Exploration slows as financial situation tightens #OilmanNEWS Alex Mills Contributors Oil and Gas News 

Exploration Slows as Financial Situation Tightens

The financial community has developed a negative opinion about the profitability of oil and gas wildcatters who primarily operate as producers of oil and natural gas from shale. A recent story in The Wall Street Journal started this way: “Horrific. Terrible. Abysmal. The worst. Those are terms equity analysts are using to describe investors’ attitude toward energy stocks.” In addition… Read More
Gasoline, Electricity Prices Expected to Decline #OilmanNEWS Alex Mills Contributors Oil and Gas News 

Gasoline, Electricity Prices Expected to Decline

Consumers can expect a slight decline in energy prices the remainder of this year and into 2020, according to projections from the U.S. Energy Information Administration (EIA). Gasoline and electricity prices will follow declining prices for crude and natural gas. West Texas Intermediate is expected to average $56.26 in 2019 down from $65.06 ($9.80) in 2018, and decline another $1.83… Read More
Reviews forecast increased consumption, soft prices #OilmanNEWS Alex Mills Contributors Oil and Gas News 

Reviews Forecast Increased Consumption, Soft Prices

Two new studies were released this week with one concluding that world energy consumption will grow by about 50 percent during the next 30 years, and another study said there is trouble on the horizon for the oil and gas industry. The first study, the International Energy Outlook conducted by the Energy Information Administration at the U.S. Department of Energy… Read More
Oil supplies ample after attack on Saudi oil facility #OilmanNEWS Alex Mills Contributors Oil and Gas News 

Oil Supplies Ample After Attack on Saudi Oil Facility

The attack on an oil processing facility in Saudi Arabia last week has raised new questions about the reliability and security of oil supplies in the future. The attack on the Saudi Aramco Abqaiq oil processing facility, the world’s largest crude oil processing stabilization plant, occurred on Sept. 14, and originally took out approximately 5 million barrels per day (b/d)… Read More
Some investors have lost confidence in oil #OilmanNEWS Alex Mills Contributors Oil and Gas News 

Some Investors Have Lost Confidence in Oil

The oil industry has been through some tough times during the last four decades, but recent allegations that fossil fuels are linked to environmental catastrophes, and the lack of fiscal performance have oil companies facing a new storm the size of Hurricane Dorian. Politicians expressed outrage in the 1970s when prices rose alleging oil companies were making “obscene profits.” Washington… Read More
Federal energy report indicates more secure supplies #OilmanNEWS Alex Mills Contributors Oil and Gas News 

Federal Energy Report Indicates More Secure Supplies

The Energy Information Administration at the U.S. Department of Energy announced last week that petroleum and natural gas production in the U.S. set a record in 2018. This week EIA released energy consumption figures revealing it set a record last year, too. “Energy consumption in the United States reached a record high of more than 101 quadrillion British thermal units… Read More
US leads the world in oil, gas production #OilmanNEWS Alex Mills Contributors Downstream Oil and Gas News 

US Leads the World in Oil, Gas Production

It’s official. The United States became the world’s leading producer of petroleum and natural gas in 2018. The Energy Information Administration at the Department of Energy said on Tuesday petroleum production increased by 16 percent and natural gas rose 12 percent. “Last year’s increase in the United States was one of the largest absolute petroleum and natural gas production increases… Read More
Battery issues confront development of electric vehicles #OilmanNEWS Alex Mills Contributors Oil and Gas News Technology 

Battery Issues Confront Development of Electric Vehicles

The automobile industry has searched for several decades for the solutions to the many problems it faces in developing vehicles powered by batteries solely. General Motors (GM) has a long history in trying to develop its EV1 electric car but discontinued that effort in 2003, but continued to offer hybrid vehicles, which operate on battery power with gasoline powered engines… Read More
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Hey, Don't Forget to Register for OILMAN ConnectThe Oil & Gas Virtual Conference & Expo November 5 & 6, 2019

We would like to invite you to attend the OILMAN Connect Virtual Conference and Expo. At OILMAN Connect, you will have the opportunity to visit companies showcasing their industry products, technology, and software solutions, as well as hear from oil and gas industry leaders presenting at our innovative webinar and speaker series - all with the click of a button. FREE to attend. Plus, we're giving away fantastic prizes during the show.

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