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Five Reasons Why Oil Prices Could Move Even Higher

April 16, 2018
| Archives

The most recent in a series of oil price rebounds we’ve seen this year has the market speculating which direction the price will move next.  Since December, the price for WTI has see-sawed several times, moving between a low of $60/bbl to a high in the $65/bbl range. This latest move saw the price run up over $67/bbl

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U.S. offers $25 Million cybersecurity after attacks on pipeline companies

April 16, 2018
| Archives

The U.S. wants to fund research targeting better cybersecurity for the nation’s power grid and the oil and natural gas industry, less than a month after web attacks hobbled electronic communications for several pipeline operators. The agency is making $25 million in grants available for projects that pursue new approaches to making the energy sector more resilient to

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Stena’s drillship first to get DNV GL MPD class notation

April 16, 2018
| Archives

UK-based Stena Drilling is the first drilling contractor to receive the notation Drill(MPD) for its harsh environment drillship Stena Carron. DNV GL explained on Friday that the Managed Pressure Drilling is an adaptive drilling process that allows greater control of the annular pressure profile throughout the wellbore. This can help operators drill new wells safely and more efficiently

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How Significant Is WTI’s Breakout?

April 16, 2018
| Archives

Oil, after looking rangebound for a while, albeit at the highest levels since 2014, looks like it has broken out. When WTI futures challenged February’s high of $66.66 a few weeks ago, we reached $66.55 before retreating rapidly, a pattern that reinforced the resistance level and suggested that we would head lower again. A couple of days

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Pipeline Opponents Need A Shot Of Common Sense

April 16, 2018
| Archives

The very word pipeline these days seem to put a lot of people on edge. It has somehow become a synonym of evil. Yet pipelines are simply infrastructure for transporting liquid and gaseous hydrocarbons from one place to another. The reason they are necessary is that oil and gas have to go places—places where they are needed by both

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U.S. Rig Count Climbs As Oil Rallies

April 13, 2018
| Archives

Baker Hughes reported a 5-rig increase to the number of oil and gas rigs this week. The total number of oil and gas rigs now stands at 1008, which is an addition of 161 rigs year over year. The number of oil rigs in the United States increased by 7 this week, for a total of 815 active oil wells

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Mountain Valley Pipeline Launches Plan to Expand 70 Miles into NC

April 13, 2018
| Archives

Even though Mountain Valley Pipeline (MVP) has only just begun to build along it’s 301-mile route from West Virginia to southern Virginia, and even though MVP faces opposition from extremists who sit in the tops of trees and on top of poles (see Radicals Go Up a Tree in Quest to Illegally Block MVP Construction and US Forest Service Gets

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New Zealand Bans Offshore Oil Exploration

April 13, 2018
| Archives

New Zealand’s government has announced all oil and gas exploration offshore the country will be banned in a bid to protect New Zealand from the effects of climate change. The ban, however, will not extend to existing exploration projects. There are more than 30 active licenses in New Zealand at the moment, of which 22 are for offshore blocks. The

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