Crude Oil
Nigerian rebels hit Chevron facilities
Nigerian militants have claimed an attack on Chevron-operated oil pipelines — less than two weeks after the government declared a cease-fire, and even as a worker strike further hampered efforts ...
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 ...
Nigerian militants claim new pipeline attack, threaten to sink tankers
The Nigerian militant group calling itself the Niger Delta Avengers (NDA) claimed Thursday to have blown up a pipeline belonging to the Nigerian National Petroleum Corp. (NNPC), the first attack ...
Colombia needs to invest $70B to ensure future oil output
Lack of investment is putting Colombia’s oil industry at risk of loosing its crude self-sufficiency, forcing the country to become an importer, Kallanish Energy learns from the Colombian Petroleum Association ...
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 ...
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 ...
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. ...
Chris Wright Nominated To Lead US Energy Sector: Can Someone Who Aids Oil Companies Pave To Sustainable Energy?
President-elect Trump has recently nominated Chris Wright for the head of the US Department of Energy. This has resulted in a huge controversy with the Wright supporters claiming it was ...