Benchmark U.S. oil futures have advanced 45% this year and at that pace are on track for the biggest annual increase since 2016. In returning so much cash to shareholders, shale drillers are showing they will pass on gains from higher crude prices rather than use them to increase production. SourceContinue Reading

“One of the negatives of this quarter has been some horrible hedging; guys locked in at $42 a barrel,” Paul Sankey, the veteran oil-industry analyst and founder of Sankey Research LLC. SourceContinue Reading

Petroleos Mexicanos is measuring crude production at a warmer temperature than government regulators, inadvertently inflating the oil giant’s output figures, according to people familiar with the practice. SourceContinue Reading

Oceaneering International’s Integrity Management and Digital Solutions segment has won a new multi-year contract in Papua New Guinea with a major operator. SourceContinue Reading

Neptune Energy announced the safe and successful installation and testing of the world’s longest trace-heated subsea production pipeline at its operated Fenja field in the Norwegian sea. SourceContinue Reading

U.S. Airports Are Facing Serious Jet Fuel Shortages | OilPrice.com ZeroHedge The leading economics blog online covering financial issues, geopolitics and trading. More Info Related News By ZeroHedge – Aug 04, 2021, 3:00 AM CDT A shortage of tanker truck drivers has caused fuel delivery disruptions at airports from Nantucket to California.  The Federal Aviation Administration issued...Continue Reading

The Real Reason Big Oil Is Betting On The Hydrogen Boom | OilPrice.com Irina Slav Irina is a writer for Oilprice.com with over a decade of experience writing on the oil and gas industry. More Info Premium Content By Irina Slav – Aug 03, 2021, 7:00 PM CDT Japan has been making headlines with its...Continue Reading

Is This The Next Major Threat For Natural Gas? | OilPrice.com Tsvetana Paraskova Tsvetana is a writer for Oilprice.com with over a decade of experience writing for news outlets such as iNVEZZ and SeeNews.  More Info Premium Content By Tsvetana Paraskova – Aug 03, 2021, 6:00 PM CDT From California to Massachusetts, some U.S. cities...Continue Reading