Production has recently begun in the Kashagan field, located within Kazakhstan in the Caspian Sea. Currently producing 90,000 barrels per day, the Kashagan field will be exporting crude oil and natural gas out of the country. The field is currently being managed in joint effort between a multitude of energy companies, including both Exxon and … Continued
GE has announced that it will be opening a research and development center in Oklahoma. This is good news for the state and the oil and gas industry as a whole: not only will the development create new jobs, but it will also be focused on advancing technology throughout the industry. New Oil and Gas … Continued
Rice Energy will be acquiring Vantage Energy in an approximately 2.7 billion dollar deal aimed at consolidating the two oil and gas companies. This new purchase comes on the heels of multiple energy acquisitions throughout the month of September. With oil and gas prices rebounding, companies are now seeking to expand and investors are looking for new … Continued
Baker Hughes Inc recently reported that the oil rig count in the United States has gone up to 511. The oil rig count has been steadily increasing throughout the year, which indicates optimistic outlooks for the oil and gas industry. Oil and gas prices have also continued to rise throughout the year, which has strengthened … Continued
North sea oil production is currently on the rise, and this could have some tremendous benefits not only for the global oil market but also the domestic economy. From 2015 to 2016, the oil production in Scotland has risen by 21.4%. As with many countries in the oil industry, Scotland has had to dramatically increase … Continued
A new West Texas field discovered by Apache Corp may be able to yield over two billion barrels of oil. The exciting new field has now been dubbed “Alpine High,” and has provoked renewed spending in Apache Corp stocks. Though Apache Corp’s interests in the area were largely driven by large amounts of natural gas, … Continued
Despite all the oil-related headlines in the news, there are still quite a few things that most people aren’t aware of when it comes to oil and the oil industry. Here are the top five things you should know to remain informed. 1. Oil is necessary for our global energy supply. Though there are many … Continued
Known as the TEN oil fields, the offshore fields of Tweneboa, Enyenra, and Ntomme in Ghana will be sending hundreds of thousands of barrels of oil out of the country through Shell. Royal Dutch Shell will be the first business to purchase the oil produced in the TEN fields, a project that has cost approximately $5 … Continued
Shale gas production is currently driving the global natural gas production growth, according to the EIA. In the energy outlooks and forecasts for 2016, it’s expected that shale gas will continue to grow. The United States is currently the largest producer of shale gas, poised to become a major global force within the energy market … Continued
The oil and gas industry has both a direct and indirect impact on the domestic economy, with oil and gas prices directly affecting the health of the economy as a whole. Oil and gas is incredibly important not only to individuals and businesses within the United States, but also to the position of the United … Continued