Crude Oil
Venezuela’s state-owned PDVSA has issued at least $310M in debt
Venezuela’s state-owned oil company, PDVSA, has issued at least $310 million in debt to companies including General Electric as it negotiates private issues to pay off its suppliers, industry sources ...
OPEC unsure it can ‘live together’ with U.S. shale industry
The head of OPEC said this week his organization doesn’t know how to coexist with the U.S. shale oil industry. “Shale oil in the U.S. — I ...
Marcellus-Utica could soon be ‘overpiped’
It’s a concept rarely, if ever discussed in the Marcellus and Utica Shales region, but was heard uttered by no fewer than two speakers at last week’s ...
Shale oil production to drop 118,000 BPD: EIA
Crude oil production from the top seven U.S. shale plays will fall in December 118,000 barrels per day (BPD) from November’s projection, to 4.95 million BPD (MMBPD) — the biggest ...
Escalera files Chapter 11 bankruptcy petition
Denver, Colorado-based independent oil and gas producer Escalera Resources last week filed a petition in the U.S. Bankruptcy Court seeking relief from creditors under provisions of Chapter ...
Ecuador-Colombia pipeline ready in December, Amerisur assures
UK’s Amerisur Resources, a South America-focused oil and gas company, said this week its Ecuador-Colombia oil pipeline project, Oleoducto Binacional Amerisur (OBA), will be ready in December, Kallanish Energy understands. ...