A new report says the underexplored basin may mirror America’s massive Permian Basin.
An increased output from the US is offsetting OPEC cuts impacting oil prices and rising concerns that the supply glut will continue.
Rigzone reported that BP (NYSE:BP) has signed a production sharing contract for shale gas exploration and production with China National Petroleum Corporation (CNPC).
BP’s share price has dropped over the past year and a half due to low oil prices, but that isn’t the only negative catalyst in the company’s history. What was the BP stock price before the 2010 Deepwater Horizon spill in the Gulf of Mexico?
USA Today reported that the planned layoffs for oil industry workers in the US are approaching 100,000 in the last four months with more layoffs likely to come.
The CEO of Rosneft (LSE:ROSN) may be under sanctions, but that hasn’t stopped BP (NYSE:BP) from making a major oil supply deal with the Russia based company, Reuters reported today. Rosneft stands to receive about $1.5 billion in pre-payments from the deal, which follows a previous shale exploration deal between
According to BP’s (NYSE:BP) Statistical Review of World Energy released this week, Iran holds the world’s largest natural gas reserves, Asharq Al-Awsat reported. The country has 33.8 trillion cubic metres of gas, making up 18.2 percent of the world’s proven reserves.
Writing for Oilprice.com, Nick Cunningham pointed out that the amount of coal burned in 2013 was enough to meet 30.1 percent of the world’s energy demand, the highest percentage in over 40 years. The author cited statistics from BP’s (NYSE:BP) Statistical Review of World Energy.
It’s only Tuesday, but so far this week has been a big one for the natural gas space.
Paul Rankine of TomCo Energy discusses oil shale as an alternative source of oil in the United States.
The Moscow Times reported that BP (NYSE:BP) signed a deal with Russia’s Rosneft (MCX:ROSN) for shale oil exploration projects in Russia.
Sanctions imposed on Russia by the United States were less harsh than expected, but the intertwining of Russia’s Rosneft with other international oil companies highlights Russia’s importance in the oil market.
Flash flooding in Colorado took a considerable toll, but there is always opportunity in crisis—this time, that opportunity lies in service companies. In this interview with The Energy Report, Jason Wangler, analyst with SunTrust Robinson Humphrey, recounts how emergency service, information technology and small infrastructure-building companies have found a profitable