News

03.05.18

Shale oil growth to overwhelm U.S. refiners, fuel exports: study

Rising U.S. shale oil production will overwhelm the nation's refining capacity, with three-quarters of the additional oil produced in the United States by 2023 shipped to Europe and Asia, according to a new study by consultancy Wood Mackenzie.

 

02.21.18

Scores rally for state's thriving natural gas industry at State Capitol, Carmichael: 'This state is powering the nation'

Hundreds of people from across the state traveled to the steps of the state Capitol Wednesday for a rally in support of the oil and gas industry and its impact on employment and the overall economy.

 

02.20.18

PRO: North American energy trade boosts our economic and energy security

The job-creating, economy-boosting resurgence in U.S. natural gas and oil production shows no signs of slowing down.

 

02.20.18

North American energy trade boosts our economic and energy security

Canada is both our No. 1 source of crude oil imports and the No. 1 market for our crude exports. Mexico is our largest outlet for natural gas exports and the No. 1 export market for U.S. finished motor gasoline...

 

02.16.18

Interior Announces Date for Largest Oil and Gas Lease Sale in U.S. History

Deputy Secretary of the Interior David Bernhardt announced that the Department will offer 77.3 million acres offshore Texas, Louisiana, Mississippi, Alabama, and Florida for oil and gas exploration and development.

 

02.16.18

EIA: US gas reserves increase at yearend 2016, crude remains flat

The US Energy Information Administration said average first-of-the-month prices used to calculate US reserves dropped in 2016 compared with 2015. Natural gas and crude oil decreased by a respective 6% and 15% during the period.

 

02.08.18

Budget deal envisions largest oil stockpile sale in history

In an effort to partially pay for new spending, the budget agreement would sell 100 million barrels of the Strategic Petroleum Reserve (SPR) in the next decade.

 

02.06.18

Oil World Turns Upside Down as U.S. Sells Oil in Middle East

[I]n a trade that illustrates how the rise of the American shale industry is upending energy markets across the globe, the U.A.E. bought oil directly from the U.S. in December...

 

02.05.18

Opinion: Point - Offshore energy is critical to future energy security

Offshore development plays a critical role in U.S. energy security, supplying more than 1 million barrels of oil per day for the last 20 years.

 

02.04.18

Permian Seen Second to Saudis for Spare Oil-Output Capacity

The U.S.'s Permian Basin is looking like Saudi Arabia, with as much as 1 million barrels of spare oil capacity ready to go into production, according to Nansen Saleri, former head of reservoir management at Saudi Aramco, the world's largest crude exporter.