Over 22% of Crude Oil Production Shut In US GoM Due to Hurricane Rafael

Over 22% of crude oil production in the U.S. Gulf of Mexico was shut-in in response to Hurricane Rafael. 

Oil Rises 1% as Investors Digest US Election Fallout

Oil prices rose nearly 1% on Nov. 7 following the U.S. election results and as Hurricane Rafael rolls into the Gulf of Mexico. 

OPEC Outlook: US Shale Oil Volumes to Hit 16.7 MMbbl/d by 2030

The head of OPEC’s energy studies warned that failure to invest in oil production could lead to a global energy crisis as early as 2035.

Baker Hughes CEO: Transition Without Oil, Gas is a ‘Dream World’

The CEOs of Baker Hughes, SLB and Japan’s Inpex see an energy expansion that includes oil and gas—with lower emissions—as the most pragmatic way to tackle climate change.

Devon Ups Delaware Basin Ante With 21-Well Pad, Secondary Zones

Devon Energy is producing record volumes from the Delaware Basin—its biggest asset—where the company drilled a 21-well pad targeting six different intervals in recent months.

Analysts: A Growing Bakken Will Require a Stronger Pipeline Network

East Daley looks at potential courses as the basin continues to increase production.

OMS Energy Files for IPO, Reports Revenue Growth

Singapore-based OMS Energy, a wellhead system manufacturer, has not yet determined its price range and number of shares.

CNOOC’s Long Lake Northwest Project Begins Crude Production

CNOOC’s Long Lake Northwest project will reach a peak production of 8,200 bbl/d of crude in 2025.

Moelis’ Cantor: Trump to Make American Energy Investable Again

Former GOP Majority Leader Eric Cantor, vice chairman and managing partner at Moelis, said EV subsidies are likely to be in the president’s crosshairs in his second term.

A Tale of Two Strategies: How Baker Hughes, NOV are Traversing the Natural Gas Age

Natural gas demand is on the rise, and with that comes a flurry of measures to capitalize on evolving market needs. How are Baker Hughes and NOV navigating the changing energy landscape?