Offshore Drillers Begin to Emerge from Stormy Seas

After almost three years of dwindling demand, offshore drillers are seeing the first signs of a turnaround. Global offshore rig count appears near bottom after falling over 40% from its…

PDVSA Continues to Demonstrate Deterioration on all Fronts

By Pietro Donatello Pitts (@PietroDPitts), Special to Energy Analytics Institute (EAI) In recent weeks PDVSA has reported at least three accidents: Petrotrin oil spill in Sucre state and incidents at…

Unconventional Plays – Is there an optimal number of fractures to maximize well profitability?

We frequently hear that unconventional plays require massive amounts of stimulation to unleash hydrocarbon reserves, but how do we know if the number of fractures will result in the most…

Oil Price Commentary: A Positive Week Ahead for Oil Price

Last Week Oil Market Data: Crude Oil Price Movement: Oil prices moved higher last week on support from OPEC production cut extension, decline in U.S. crude oil production and draw-down…

Oil up on expectations of extended, possibly deeper, output cut

Oil prices rose on Monday, bolstered by confidence that top exporters will this week agree to extend supply curbs, with suggestions the cuts could even be deepened. Prices have risen…

How to Battle Fractivists in One Easy Lesson

The oil and gas industry has always been focused on production and is rather poor at fighting, but Texans for Natural Gas shows how to battle fractivists. The oil and…

ENI begins production of oil

Production of oil from the country’s third independent oil and gas field, operated by Italian oil giant, Ente Nazionale Idrocarburi (ENI), began from the Offshore Cape Three Points (OCTP) in…

Oil price, Pantheon, And finally…

  WTI $50.33 +98c, Brent $53.61 +$1.10, Diff -$3.28 +12c, NG $3.26 +7c Oil price With the Opec and Non-Opec meetings due this week, culminating on Thursday with what should…

Decline Curve Analysis of Shale Oil Production – Eagle Ford / Niobrara

Decline Curve Analysis of Shale Oil Production Uppsala University, Master Thesis in Energy Systems Engineering, Linnea Lund The Case of Eagle Ford **> An excellent well written, detailed, and concise…

Tsunamis behave as shallow-water waves

Tsunami statistics make grim reading, which is why I am not going to quote any. There are some great documentaries and websites that will regale you with all the stats…

Interest Rate Hike Could Change Everything

U.S. Federal Reserve officials are pressing interest rates upward. We have seen historically low rates for a longer than expected time period. The catalyst was of course the financial crisis…

Oil Is Priced by the Most Desperate

I cannot help but be amused by articles, like one published today in Oilpro discussing OPEC’s dilemma, or comments by the likes of Ed Morse of Citibank, where price forecasts…

The Last Talk

This week, after spending the last four weeks working with my fellow Oklahoma Panhandlers as we all try to recover from the fires that devastated us here, I wanted to…

China and The Philippines spar over South China Sea dispute

Diplomatic saber rattling escalated Friday between China and The Philippines amid discussions over drilling rights in the South China Sea. Philippine President Rodrigo Duterte said his Chinese counterpart Xi Jinping…

OPEC Pre-Mortem, Part Deux

Before we provide our final thoughts prior to the OPEC meeting along with our trading/hedging idea, we thought we would first expend a small amount of energy on our soapbox.…