Appeals court will not reconsider decision to overturn Obama-era fracking rule by John Siciliano | Dec 27, 2017, 1:13 PM The Trump Interior Department is moving forward with its plan to repeal the Obama-era regulation on oil and natural gas drilling on federal lands. (AP Photo/Keith Srakocic) A federal appeals court said Wednesday it will not reconsider its … Read more
Suncor Energy Inc. oil tanks stand in this aerial photograph taken near Fort McMurray, Alberta, Canada, on Thursday, June 4, 2015. Photographer: Ben Nelms/Bloomberg In the oil and gas industry, sometimes it is hard to figure out what is real and what isn’t – what is really happening, and what really isn’t happening. I spent … Read more
Oil Prices Hit High, Before Sliding, Amid Disrupted Supply Interruptions across the world and OPEC’s productions cuts buoy a beleaguered oil industry The Bashneft PAO oilfield, Russia. Oil-supply cuts and disruptions have coincided with healthy oil demand this year as the global economy enjoys a rare spurt of synchronized growth. PHOTO: ANDREY RUDAKOV/BLOOMBERG NEWS By : Georgi … Read more
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Drilling Rigs There are many types of Drilling Rigs in the world today. Lets start by narrowing them down into at least two categories. We have offshore rigs and land rigs or onshore rigs. The picture above is an example of a land rig. This example is actually a National 2000 HP drilling rig that … Read more
Advanced Hydraulic Fracturing / Fracking What is Fracking or better yet, what is hydraulic fracturing? In the oilfield this is a term that is used often, it is clearly a process of doing something but it is also a term that is used in goods that are sold in the oilfield such as frack tanks. … Read more
Strong crude demand and signs of ebbing U.S. production led oil back into a bull market Demand was a bright spot, following worries that damage from major hurricanes in the southern U.S. would crimp consumption. Above, a refinery in Ohio. PHOTO: LUKE SHARRETT/BLOOMBERG NEWS By Alison Sider and Amrith Ramkumar Oct. 1, 2017 7:00 a.m. ET 15 COMMENTS Oil investors … Read more
By Giorgio Biscardini, Reid Morrison, David Branson, and Adrian del Maestro How energy companies can adjust their business models to a period of recovery. The character of Chuck Noland, played by Tom Hanks, says near the end of the film Cast Away, “…because tomorrow the sun will rise. Who knows what the tide could bring?” He makes this observation after … Read more
