India is poised to replace China as the world’s center of oil-demand growth, according to authors of a study published by the Oxford Institute for Energy Studies. Source: News
BHI: US rig count hits all-time low in recorded data
The overall weekly US rig count is now at its lowest point in Baker Hughes Inc. data that begins in the 1940s, and perhaps since the infancy of US oil and gas industry in the mid-19th century. Source: News
Oil and gas groups, states outline problems with BLM's fracing rule
The US Bureau of Land Management issued a hydraulic fracturing regulation rule that lacks justification, cannot be administered technically, exceeds the agency’s regulatory authority, and violates federal law, the Independent Petroleum Association of America and Western Energy Alliance jointly said. Source: News
Climate vs. free speech
Just when you think debate about climate change can’t get any worse, juridical oversight of speech rears its deplorable head-in the United States of America, of all places. Source: News
Murky business of 'firsts'
In my fervor to report a “first” in something, I erroneously wrote during IHS CERAWeek in February that Cheniere Energy Inc. shipped the first export cargo of LNG from the US via its Sabine Pass, La., terminal. As it was pointed out to me via e-mail by one of our readers, this fact was wrong […]
A rescue of Houston by Washington, DC? It’s not unthinkable
Sometimes it pays to think the unthinkable. Source: News
US oil-rig count posts first increase in 3 months
One week after hitting an all-time low in recorded data, the overall US drilling rig count posted its smallest decline of the year thus far, reflecting the first rise in oil-directed rigs in 12 weeks. Source: News
Indian firms joining Rosneft for field work
Rosneft has signed several participation agreements with Indian oil companies expected to boost development of large oil and gas-condensate fields in eastern Siberia. Source: News
Eni slashes 4-year capex plan by 21%, hopes to divest $7.9 billion
Italy’s Eni SPA has set group capital expenditures during 2016-19 at $41.78 billion, down 21% from the 2015-18 plan. Source: News
Barclays: Global E&P spending drop revised to 27% for 2016
Barclays has revised down its global exploration and production spending outlook for 2016, now saying such spending could fall 27% this year, down from 15% back in January. Source: News