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Drilling & Exploration

U.S. shale oil production is expected to increase in May for the fourth consecutive month, U.S. Energy Information Administration data showed on Monday, boosted by record production in the prolific Permian Basin of West Texas and New Mexico. more

Refining/Petrochemical

ConocoPhillips announced it has concluded its 2018 winter exploration and appraisal program in Alaska. more

Drilling & Exploration

Oil and gas rig counts are expected to remain significantly lower than recent peaks due to growing drill productivity, oil and gas prices in the U.S. will continue to rise. more

Refining/Petrochemical

Devon Energy Corp said on Tuesday it would lay off 300 workers, roughly 9 percent of staff, part of a plan to streamline operations and boost the shale oil producer’s sagging returns and stock price. more

Plant Management & Operations

Oklahoma regulators forced an oil and gas producer to reduce operations on a well used for disposing saltwater following a large earthquake over the weekend that set off a series of seismic activity in the state. more

Health, Safety & Environmental

Two out of three of EIA’s measures of natural gas production in the United States set records in 2017. more

Natural Gas

EIA's Annual Energy Outlook 2018 (AEO2018) includes projections of U.S. energy markets through 2050 based on a reference case and a number of sensitivity cases. more

Refining/Petrochemical

Recent growth in U.S. crude oil production has been primarily light, sweet crude oil, defined as having an API gravity of 35 or higher and sulfur content of 0.3% or less. more

Drilling & Exploration

The Permian basin in Texas is leading the way as U.S. oil production has reached an all-time high, but the prolific output is causing bottlenecks as pipelines transporting the crude have filled up more quickly than expected. more

Drilling & Exploration

Annual average U.S. crude oil production reached 9.3 million barrels per day (b/d) in 2017, an increase of 464,000 b/d from 2016 levels after declining by 551,000 b/d in 2016. more

Drilling & Exploration

ConocoPhillips provided several updates on disposition activity and early life-cycle acreage acquisition activities. more

Drilling & Exploration

For decades, many Latin America’s oil-producing nations have often shunned investment from foreign firms, instead keeping their vast reserves under the tight control of governments and state-run oil companies. more

Drilling & Exploration

Oil rose towards $70 a barrel on Monday, lifted by a drop in drilling activity in the United States and concerns that Washington could reintroduce sanctions against Iran. more

Drilling & Exploration

Over $811B will be spent on 615 upcoming oil and gas fields between 2018 and 2025. Globally, capex into conventional oil, heavy oil, oil sands and unconventional oil projects would add up to $352bn, $44bn, $43.4bn and $30bn respectively. more

Engineering, Procurement & Construction

U.S. demand for high octane gasoline could decline if the Environmental Protection Agency (EPA) changes fuel efficiency rules established under the Obama administration. more

Natural Gas

The acreage is located in Atascosa, LaSalle, Live Oak and McMullen Counties, Texas. more

Drilling & Exploration

Oil sands production growth will continue through the next decade, but a slowdown is anticipated with investment to remain lower than historical levels, according to a new major research initiative by IHS Markit. more

Drilling & Exploration

Oil and gas drillers bid on only a tiny fraction of Gulf of Mexico acreage offered on Wednesday in the largest lease sale in American history, a setback to the Trump administration’s efforts to rapidly pump up investment in the region. more

Drilling & Exploration

Fossil fuels accounted for over 70% of the growth in world energy demand last year more

Refining/Petrochemical

The U.S. Bureau of Land Management on Tuesday auctioned off more than 51,000 acres (21,000 hectares) in southeastern Utah for oil and gas development, a sign of strong industry demand in a region conservationists have vowed to protect. more

Drilling & Exploration

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