Newer wells in the Permian see their oil and gas production declining much faster than older wells, and operators will need to drill a large number of wells just to keep current […]
Permian Drillers Are Struggling To Keep Output Flat
Meet The Biggest Losers Of The U.S. Shale Bust
After a decade of unprecedented growth and seemingly endless investments, the writing is now on the wall: the Great American Shale Boom is slowing down and this could have some grave consequences […]
BP Spells Out What’s Wrong With Big Oil In One Chart
The trouble in the oil industry may have started with a supply glut, but the problems are rapidly spreading across all facets of the industry. BP recently included the chart below in […]
Iran Is No Qatar, Even With World’s Second-Biggest Gas Reserves
Natural gas made Qatar’s citizens the richest in the world within a generation. Even with bigger fuel reserves, Iran will struggle to follow its neighbor’s path. Iran’s own production is consumed by […]
Logistics and Lizards Disrupt Chevron’s Project Off Australia – The New York Times
Getting anything to Chevron’s gas-processing plant on Barrow Island is a bit of a trick. Some supplies travel 15 hours from Perth to a supply base for shipping. En route, trucks cannot […]
Is The EU Finally Breaking Free Of Russia’s Energy Grip?
Gazprom’s dominance over European energy supplies may be beginning to slip. The collapse of oil prices has punished Gazprom’s revenues, but in a new development that is further damaging to the Russian […]
Electricity, Not Gas, Gains Market Share in Home Heating
Last January, the polar vortex brought extreme cold temperatures to much of the U.S., causing energy prices to spike as the natural gas system struggled and fossil-fuel power plants tripped offline. In […]
How Energy Secure Are The EU And UK?
In a recent post, A Beginners Guide to Blackouts, I drew attention to the fact that keeping the lights on in Britain was to a large extent dependent upon our ability to […]
LNG-Dependent Japan Tries To Gain Leverage Over Pricing
Japan’s record purchases of liquefied natural gas (LNG) show no sign of slowing as the country continues to try and fill the energy shortfall created when it took its nuclear plants offline […]
How Rising Interest Rates Could Spell the End of the U.S. Energy Boom
The winding down of extraordinary measures taken by the U.S. Federal Reserve to ameliorate the effects of the financial crisis could reverberate through energy markets. The Fed has kept short-term interest rates […]
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