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Black Gold News
Strategy news for
the E&P sector of the oil and gas industry |
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Headlines |
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Additional Information |
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Russian crude output hits post-Soviet record defying price slump |
11/2/15 |
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Demand for crude projected to grow 1.7 MMbpd in 2016 |
11/2/15 |
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Oil producers curb megaproject ambitions to focus on U.S. shale |
10/30/15 |
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Iran seen jolting oil market with 90-day supply after sanctions |
10/30/15 |
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Transocean delays delivery of two ultra-deepwater drillships |
10/28/15 |
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10/27/15 |
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Oil speculators make ‘easy’ bearish call at 85-year supply high |
10/26/15 |
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Beach Energy agrees to buy Drillsearch for $277 million |
10/25/15 |
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Oil higher as traders look past China to potential supply fall |
10/24/15 |
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Pre-salt production tops 1 MMboed, Petrobras says |
10/22/15 |
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Exxon Mobil’s deepwater Liza find could put Guyana-Suriname basin
on the map |
10/22/15 |
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After year of pain, OPEC close to halting U.S. oil in tracks |
10/21/15 |
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Iran plans 20-year contracts as incentive for energy investments |
10/20/15 |
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OPEC brings oil price war home in pursuit for Asia’s cash |
10/19/15 |
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Iran urges OPEC to cut oil output to raise prices to $70-$80 |
10/19/15 |
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10/19/15 |
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Hedging protections for North American E&P companies to plunge in
2016 |
10/16/15 |
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U.S. cancels remaining Arctic offshore lease sales
under Obama |
10/16/15 |
Russia plans to continue efforts to develop Arctic oil and gas
resources |
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NCS Multistage sets world record in 52-stage Permian basin
completion |
10/14/15 |
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Oil falls to one-week low as IEA counters OPEC view on recovery |
10/14/15 |
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10/13/15 |
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OPEC crude production climbs |
10/13/15 |
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OPEC sees crude demand growth, hopeful for market balance |
10/11/15 |
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Brazil oil auction sees weak demand for first blocks offered |
10/8/15 |
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10/8/15 |
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Geologist Reports Major Oil Find in Israel; Firm Stays Mum |
10/7/15 |
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Oil drillers bet choking wells will keep shale from going bust |
10/6/15 |
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Freeport-McMoRan may spin off oil and gas business |
10/6/15 |
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Shell sees signs of oil recovery though ‘rebalance’ to take time |
10/6/15 |
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BP’s record oil spill settlement rises to more than $20 billion |
10/5/15 |
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10/3/15 |
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10/3/15 |
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Iran approves model oil contract aimed at ramping up production |
10/1/15 |
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10/1/15 |
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According to Barclays, Iraqui oil production will fall 1.5 MMbpd
below the oil ministry’s 2020 target of 6 MMbpd. |
9/30/15 |
We this happens it will be extremely bullish of longer term
pricing. |
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9/30/15 |
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9/29/15 |
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9/26/15 |
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9/25/15 |
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9/25/15 |
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Petrobras Sees ‘Great Wave’ of $100-Oil Never Coming Back |
9/23/15 |
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9/21/15 |
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An Oklahoma of oil at risk as debt shackles U.S. shale drillers |
9/18/15 |
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Exxon said to be on the hunt for shale bargains in West Texas |
9/18/15 |
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9/15/15 |
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Iraq asks oil companies to cut spending after drop in prices |
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IEA Sees U.S. Shale Oil Shrinking in 2016 on Price Slump |
9/15/15 |
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U.S. gasoline demand roars back to life |
9/13/15 |
It is not only at all time highs, demand growth is the fastest in
20 years. |
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Per the IEA, global oil demand growth is expected to climb to a
five-year high of 1.7 mb/d in 2015, before moderating to a still
above-trend 1.4 mb/d in 2016 |
9/12/15 |
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Why Vladimir Putin Won't Be Helping OPEC to Cut Oil Production |
9/12/15 |
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Oil falls as Saudi Arabia says it won't back OPEC meeting |
9/11/15 |
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9/10/15 |
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9/10/15 |
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Shale Drillers Turn to Asset Sales as Early Swagger Wanes |
9/10/15 |
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9/9/15 |
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9/9/15 |
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Iran Says Mexico to Help If OPEC Tries to Manage Oil Market |
9/8/15 |
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9/7/15 |
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Hedge fund manager Hall says global market ‘not awash in oil’ |
9/4/15 |
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Oil export bill said to be set to move as price fears ease |
9/3/15 |
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OPEC indicates, "Oil at $70 to $80/bbl would be 'fair' " |
9/1/15 |
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OPEC ready to talk, boosting oil prices |
8/31/15 |
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Citigroup’s Morse says WTI under $30 needed to curb output |
8/30/15 |
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Maduro off to China, Vietnam in 'difficult times' |
8/29/15 |
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Rouhani says Iran's crude oil output stands at 2.9 million bpd |
8/29/15 |
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For OPEC, this year’s painful oil slump will bring gains in 2016 |
8/27/15 |
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8/27/15 |
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8/26/27 |
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Oil Price Is Poised to Rebound |
8/25/15 |
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Norway's Oil Minister Says Crude Price at $40 Can't Last |
8/25/15 |
Our Econ. 101 oil supply curve supports this statement |
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Most Canada oil sands crude being produced at a loss |
8/25/15 |
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8/24/15 |
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8/24/15 |
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Gazprom Neft brings second well online at Prirazlomnoye field |
8/21/15 |
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Oil Explorers Boost U.S. Drilling Even as Price Slumps |
8/21/15 |
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U.S. shale operators may be the new swing producers |
8/19/15 |
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Western Gulf of Mexico lease sale 246 yields only $22.7 million in
high bids |
8/19/15 |
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OPEC may boost oil output to record with Iran back amid glut |
8/15/15 |
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Obama said to approve crude oil exports to Mexico, easing ban |
8/14/15 |
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8/13/15 |
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8/12/15 |
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For Norway, oil at $50 is worse than the global financial crisis |
8/12/15 |
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Oil at $30 is no problem for some cost-cutting Bakken drillers |
8/12/15 |
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8/11/15 |
Iran Oil and Gas Overview Map
Has Ghawar started to decline? |
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To please investors, Big Oil makes deepest cuts in a generation |
8/7/15 |
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Iran planning for investment from France’s Total |
8/5/15 |
Iran Oil and Gas Overview Map |
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8/4/15 |
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8/3/15 |
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Iran Oil Minister Says Output to Rise a Week After Sanctions |
8/3/15 |
Iran Oil and Gas Overview Map
Iranian Nuclear Sites |
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Shell's Polar Pioneer starts Arctic drilling operations |
8/3/15 |
ECG
Arctic and Chukchi Oil and Gas Overview |
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Alberta pipelines set back by oil rout |
7/31/15 |
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Saudi Aramco Testing C02 to Get More Oil From Giant Ghawar Field |
7/31/15 |
Has Ghawar started to decline? |
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Iraq southern oil exports at record amid market share battle |
7/29/15 |
Iraq Oil and Gas Overview Map |
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Oil majors delay $200 billion of spending |
7/27/15 |
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7/22/15 |
ECG
Arctic and Chukchi Oil and Gas Overview |
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Oil explorers retreat from shallow U.S. Gulf in shift to shale |
7/22/15 |
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ConocoPhillips cuts deepwater exploration spending, cancels
drillship contract |
7/20/15 |
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U.S. oil rolls with OPEC’s blows as Brazil and Canada take hits |
7/20/15 |
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Russian liquids production hits record levels of 10.7 MMbpd |
7/18/15 |
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Goldman Sachs: Low Oil Prices Have Been Bad for the US Economy So
Far |
7/18/15 |
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Permian’s pancaked-layer rock makes it king of U.S. oilfields |
7/16/15 |
ECG
Permian Overview |
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Oil majors shun Mexico auction with just two blocks sold |
7/16/15 |
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7/13/15 |
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China retakes top oil-buyer spot from U.S. amid stockpiling |
7/13/15 |
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7/13/15 |
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Oil may fall further before supply growth slows, IEA says |
7/10/15 |
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North Dakota's Oil Output Jumps In May, Bucking Expectations |
7/10/15 |
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Oil Rout Seen Ending as Demand Trumps China’s Market Crash |
7/9/15 |
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Oil sands will continue to be a leading supply source |
7/9/15 |
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Libya has lifted force majeure at Ras Lanuf oil terminal: National
Oil Corporation |
7/7/15 |
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7/6/15 |
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7/2/15 |
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OPEC crude production surges as Iraq pumps at record pace |
7/2/15 |
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Oklahoma Woman Blaming Fracking Wastewater for Quake Can Sue |
7/2/15 |
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CNOOC starts production at Bozhong 28/34 oilfields comprehensive
adjustment project |
7/1/15 |
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7/1/15 |
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6/29/15 |
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6/29/15 |
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Gazprom Neft nearly doubles production at Iraq’s Badra field |
6/26/15 |
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6/25/15 |
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6/25/15 |
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6/25/15 |
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New federal fracing rules delayed by U.S. judge in Wyoming |
6/24/15 |
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OPEC’s crude market share fell to lowest since ’03 last year |
6/24/15 |
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Transocean delays two ultra-deepwater drillships |
6/23/15 |
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6/23/15 |
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6/23/15 |
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WPX Energy adds acreage in Gallup oil play |
6/22/15 |
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6/22/15 |
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6/19/15 |
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Oil-sands megaproject era wanes as Suncor to Imperial scale down |
6/18/15 |
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Shell Arctic approval near as regulator sees no show stopper |
6/17/15 |
Overview of Arctic oil and gas potential |
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Petrobras sets new records for pre-salt production |
6/16/15 |
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Longest oil glut in decades looms as OPEC lifts market share |
6/15/15 |
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6/11/15 |
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U.S. oil production to peak at 43-year high before trailing off |
6/11/15 |
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Chevron seeks answers on why Big Foot stumbled before start |
6/10/15 |
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6/10/15 |
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Oil rises as shale drillers seen succumbing to OPEC onslaught |
6/915 |
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Iran vows more oil exports in sign OPEC to keep exceeding target |
6/9/15 |
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Brazil to ease oil company fines for Buy-Brazil breaches |
6/7/15 |
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India’s oil addiction to vault nation into top three global
guzzlers |
6/7/15 |
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Saudi Arabia shoots down Scud missile fired from Yemen |
6/6/15 |
Map showing potential for SCUD's fired from Yemen to reach Saudi
Arabian oil fields in the eastern part of the county. |
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OPEC unyielding in plan to stifle rivals as crude keeps gushing |
6/6/15 |
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API: EPA review of hydraulic fracturing confirms safety |
6/5/15 |
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OPEC braces for more oil as Iran, Iraq declare plans to expand |
6/4/15 |
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Eni, Shell and BP seek Iran access after end of sanctions |
6/3/15 |
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Petrobras discovers new oil accumulation at Poço Verde area, in
Sergipe Basin; seems to opening new deepwater development
area. |
6/3/15 |
It appears that Petrobras is on the verge of opening a major new
deepwater province in the Sergipe-Alagoas Basin. |
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OPEC’s shale war leaves big oil companies as unexpected casualty;
suggests deepwater is at risk. |
6/3/15 |
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Gazprom Neft pursues production from Bazhenov shale amid U.S.
sanctions |
6/2/15 |
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European big oil opens schism on climate policy with U.S. rivals |
6/1/15 |
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UK aims to maximize oil production as onshore wind loses out |
5/27/15 |
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South Sudan oil field becomes battleground in civil war as economy
reels |
5/26/15 |
See
location map |
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Oil rises after U.S. crude supply drops amid refining boost |
5/23/15 |
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5/23/15 |
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Enterprise to build new crude, condensate pipeline from Midland to
Houston |
5/22/15 |
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Exxon Mobil in deepwater oil discovery offshore Guyana |
5/22/15 |
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Shale oil production cuts to get bigger next month, EIA says |
5/20/15 |
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Saudi March oil exports reach 9-year high in market push |
5/19/15 |
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Conoco sees selling U.S. oil to world amid call to end crude ban |
5/18/15 |
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Hedge funds lose faith in oil rally as OPEC seen boosting supply |
5/17/15 |
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Petrobras' operated pre-salt production exceeds 800000 bopd |
5/13/15 |
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IEA Says OPEC Battle for Oil Market Share Only Just Started |
5/13/15 |
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Crude-Oil Bulls Threatened as Shale Patch Revives Drilling Plans |
5/10/15 |
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Gazprom Neft selecting technologies for development of
hard-to-recover reserves |
5/8/15 |
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America's Oil Drilling Boom Is Sputtering Back to Life |
5/8/15 |
By play breakdown of US drilling activity |
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5/8/15 |
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Gazprom, PetroVietnam to drill first deepwater well offshore
Vietnam |
5/7/15 |
See map image of global deepwater activity footprint- 2001-2020 |
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EIA Chief Says No Hurry Needed for Lifting Export Ban |
4/22/15 |
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U.S. oil rises above $60 for first time this year as glut fades |
5/5/15 |
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EOG will resume major oil growth at ‘stable’ $65 oil price |
5/5/15 |
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Islamic State pushing to capture Iraq refinery at
Baiji.........again |
5/3/15 |
Map showing Bajii refinery location |
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Oil off 2015 highs on record Iraq exports, strong dollar |
5/2/15 |
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U.S. Oil Export Ban is De Facto Sanctions Regime Against Ourselves |
5/1/15 |
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Forward oil prices anchor around $75 around rest of decade:
Reuters |
5/1/15 |
This is consistent with our estimte using our cost of supply
methodology |
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Saudi Arabia burns through foreign reserves |
4/30/15 |
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OPEC Oil Output Near 2 1/2-Year High as Saudis Show No Letup |
4/30/15 |
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Enterprise to Build New Crude Oil and Condensate Pipeline from
Midland to Houston |
4/29/15 |
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Oil hits 2015 highs after first US hub stock draw in 5 months |
4/29/15 |
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Libyan Chaos Threatens More Oilfields, Power Supply & Gas Exports
To Italy |
4/29/15 |
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Oil slips as ample supply counters Yemen, drilling slump |
4/27/15 |
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Saudi TV Says Falih Named Aramco Chairman, Replacing Naimi |
4/25/15 |
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Argentina's YPF sells $1.5 bln of bonds, tripling sale |
4/23/15 |
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U.S. Shale Fracklog Triples as Drillers Keep Oil From Market |
4/22/15 |
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Shale as world’s swing producer signals ‘jagged’ oil future |
4/19/15 |
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Petrobras confirms productivity of Sergipe basin’s Farfan
reservoirs |
4/16/15 |
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Al Qaeda captures major airport, seaport and oil terminal in
southern Yemen |
4/16/15 |
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IEA Sees OPEC Supply Jumping Most in Four Years on Saudi Surge |
4/15/15 |
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4/12/15 |
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Iran oil deal to fan OPEC discord as Saudis defend market share |
4/12/15 |
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Saudi Arabia sees crude price rising as it boosts oil production |
4/10/15 |
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TransCanada alters Québec scope of Energy East pipeline project |
4/8/15 |
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4/8/15 |
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Iran moves closer to restoring oil exports after nuclear accord |
4/6/15 |
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Oil bargains from Latin America erode Saudi market clout in Asia |
4/2/15 |
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U.S. oil production on track to reach all time high in 2015 |
4/2/15 |
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Iran’s riches coveted by oil majors after decades of conflict |
3/31/15 |
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3/28/15 |
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Fracklog Threatens to Put a Lid on Oil Prices |
3/28/15 |
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3/27/15 |
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Petrobras discovers 200-m hydrocarbon column at Libra C1 extension
well |
3/25/15 |
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Return to $100 oil seen unlikely by Saudis amid shale surge |
3/22/15 |
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Independent Oil, Natural Gas Producers File Lawsuit Against
Interior Department Over Final Hydraulic Fracturing Rule |
3/20/15 |
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Saudi Crude Exports in January Reached Highest in 11 Months |
3/18/15 |
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Exxon Looks to U.S. Shale Fields to Drive Global Growth |
3/17/15 |
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Iran Can Add Million Barrels a Day of Oil If Sanctions Halt |
3/16/15 |
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3/16/15 |
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Iraq Talking With Oil Companies on Proposed Changes to Contracts |
3/12/15 |
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Oil CEOs Press Obama Administration to Lift Export Ban |
3/12/15 |
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Russia to Keep Oil Output Steady to 2035 Despite Price Drop |
3/12/15 |
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OPEC Seen by Attiyah Keeping Oil Policy Unless Others Cut |
3/12/15 |
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Goldman Sachs says its oil forecast at US$40 per barrel may be too
low, as market 'surprisingly healthy |
3/9/15 |
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3/5/15 |
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Libya declares force majeure at 11 oil fields after attacks |
3/4/15 |
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Oil production in federal GoM expected to continue increasing: EIA |
3/4/15 |
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Oil exports could sustain benefits of U.S. energy renaissance,
ConocoPhillips CEO says |
3/4/15 |
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U.S. Gulf to receive flood of oil from Midwest as glut spreads |
3/3/15 |
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Bearish Oil Wagers Surge to Record as Glut Keeps Growing: Energy |
3/2/15 |
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Brent Oil Drops From 2015 High; Premium Over WTI Narrows |
3/2/15 |
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IEA Echoes Saudi View on Oil-Demand Boost Balancing Market |
3/1/15 |
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Gazprom Neft drilling unconventional targets in Bazhenov formation |
2/27/15 |
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Shell Canada withdraws oilsands mine application |
2/25/15 |
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President Obama Rejects Keystone Pipeline |
2/25/15 |
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Oil slide could trigger Opec emergency meeting |
2/22/15 |
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Saudi Oil Output Rising Amid Fight for Market Share |
2/20/15 |
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Presalt oil hits new peak for Petrobras offshore Brazil |
2/16/15 |
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Oil Rises to Highest This Year on Libya, Iraq Disruptions |
2/13/15 |
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Rig count collapse no obstacle to booming oil output: Outrunning
the Red Queen |
2/12/15 |
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Apache’s drastic rig cuts hit brakes on shale |
2/12/15 |
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2/12/15 |
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Oil Demand Seen by Saudi Arabia Improving Amid Stability |
2/11/15 |
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Weak IEA outlook, US glut worries sink oil prices |
2/10/15 |
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U.S. oil output 'party' to last to 2020; Demand growth to return
to 1.1 MMBOPD |
2/10/15 |
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Oil Companies in the Cross Hairs of Libyan Violence |
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Saudi Arabia:
Does the Emergence of a New Ruler Place
Stability at Risk? |
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Minimum Oil Price Needed to Fund Government Budgets |
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USA Drilling Rig Count:
Map showing intensity of oil and gas drilling activity in the
primary shale gas and light, tight oil plays |
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The Russian Bazhenov shale may have more oil than Saudi Arabia, but
sanctions are slowing developmment |
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Bazhenov shale and activity
summary |
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Addtional oil supply coming into the market place: Iraq,
Russia, and potentially Iran, if sanctions are eased. |
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Map of Canadian of Selected Oil Export Projects and Pipelines;
Keystone XL appears on verge of being bypassed. |
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Iraq Kurdistan is poised to export 500,000 barrels of oil in the
1st qtr of 2015. This up from 100,000 bopd earlier this
year, and could potentially rise to 1,000,000 bopd by the end of
2015. |
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Map of Kurdistan oil fields with new pipeline |
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Neuquen Basin location map with potential ExxonMobil Vaca Muerta
acreage blocks |
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Keystone XL becoming increasingly irrelevant |
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Most of the rig count
decline is associated with rigs drilling vertical wells; shale
plays are still holding up relatively well. |
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North Dakota oil production declines for first time in a year.
600 North Dakota Bakken wells have been drilled but not completed. |
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USA Drilling Rig Count:
Map showing intensity of oil and gas drilling activity in the
primary shale gas and light, tight oil plays |
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Es Sider, Libya's largest oil export terminal reported to be on
fire. |
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Libya map and production history |
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USA Drilling Rig Count:
Map showing intensity of oil and gas drilling activity in the
primary shale gas and light, tight oil plays |
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US Gulf of Mexico
Deep Water Production Performance |
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International
Energy Agency (IEA) Oil Market Report (Dec. 2014): OPEC
output eased by 150 kb/d in October to 30.60 mb/d |
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| Go to
The Energy Consulting Group home page for more oil and
gas related information. |
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