Press Release From Rystad Energy: Permian Gas Flaring Reaches Yet Another High

November 5, 2019 - Flaring and venting of natural gas in the Permian Basin in Texas and New Mexico reached a new all-time high in the third quarter of 2019, averaging more than 750 million cubic feet per day (MMcfd), according to a preliminary analysis conducted by Rystad Energy. “This represents a new all-time high.…

James Causey Of Spacecom Discusses The New Space Force

SpaceCom is all about the business opportunities created by the development of an international space economy which embraces three main sectors.  The applications of space enabled services derived largely from satellites to terrestrial industries. Mainly communications, global positioning and increasingly earth observation as a business tool. Commercial business transactions in sub-orbital and low Earth orbit…

Commentary: Is the USA Energy Independent?

The news channels are going on and on about how oil prices are stable despite the Iranian conflict because the USA is energy independent, but I have serious doubts.  As far as I can remember, a little gun play and mischief in the Middle East have never caused oil to surge.  Some sources say that…

Article From The Texas Tribune: Pipeline giant sues Railroad Commission, alleging lax oversight of natural gas flaring, 12/3/19

The lawsuit, filed Nov. 20 in Travis County District Court, is the latest development in a first-of-its-kind dispute between Tulsa-based Williams Cos. and Exco Operating Co. over the Dallas-based company’s authority to flare natural gas that comes up with the oil it pumps from the Eagle Ford Shale in South Texas. In December 2017, Exco…

Press Release: The United States set new records for proved reserves of oil and natural gas, as well as for production in 2018

December 13, 2019, Year-over-year increases in U.S. proved reserves resulted in record-high levels of crude oil and lease condensate, up 12%, and natural gas up 9% in 2018, according to the U.S. Crude Oil and Natural Gas Proved Reserves, Year-End 2018 report. The U.S. Energy Information Administration (EIA) published its annual reserves report today, based…

By The Numbers, 1/8/2020

The EIA published its Weekly Petroleum Status Report.  Here are some highlights.  All items are in millions of barrels per day except inventories, which is billions total.  Dates are defined as week ending averages, except utilization rate which is a four week ending average.  The full report can be found here. Item 1/3/20 12/27/19 Refinery…

Article From Offshore Engineer: China Opens Up to Foreign E&P Firms

January 9, 2020 - For the first time, China will this year allow foreign companies to explore for and produce oil and gas in the country, opening up the industry to firms other than state-run energy giants, as Beijing looks to boost domestic energy supplies. Read the article: https://www.oedigital.com/news/474451-china-opens-up-to-foreign-e-p-firms?utm_source=AOGDigital-ENews-2020-01-09&utm_medium=email&utm_campaign=OEGDigital-ENews