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
Democratic Presidential Candidates Express Anti-oil Agenda #OilmanNEWS Alex Mills Contributors Oil and Gas News 

Democratic Presidential Candidates Express Anti-oil Agenda

Energy policy no longer has a place in the debates among Democrat candidates for President. The buzz word for Democrats today is “climate change,” “environmental justice” and the “Green New Deal.” Crude oil, natural gas, coal and nuclear are not a part of the platforms of the 20-something Democratic candidates. Not even the two candidates from Texas – Beto O’Rourke… Read More
Industry Faces Challenges During Remainder of 2019 #OilmanNEWS Alex Mills Contributors Oil and Gas News 

Industry Faces Challenges During Remainder of 2019

The service, supply and drilling sectors of the oil and gas industry in the United States expect less activity during the last half of 2019. Schlumberger, the largest service provider worldwide, reported recently earnings of $0.35 per share from January to June, which represents an increase of $0.05 over the first quarter but a $0.08 decrease compared to the first… Read More
Natural gas usage increases #OilmanNEWS Alex Mills Contributors Oil and Gas News 

Natural Gas Usage Increases

The future of the natural gas industry looks bright as supply and demand are expected to increase, and prices are predicted to be stable. Demand increases will come from the electric power sector and exports, according to the Energy Information Administration at the Department of Energy. EIA forecasts natural gas consumption by the electric power sector to increase by 1.1… Read More
Oil prices rise in response to turmoil in Middle East #OilmanNEWS Alex Mills Contributors Oil and Gas News 

Oil Prices Rise in Response to Turmoil in Middle East

Oil prices continued to rise last week as tension between the U.S. and Iran escalated sparking fear of declining availability of oil from the Persian Gulf. Crude oil closed at $59.14 on Wednesday on the New York Mercantile Exchange and $66.26 for Brent, the international benchmark traded in London. President Trump blamed Iran for attacks on oil tankers that had… Read More
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