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Huge Backlog Could Trigger New Wave Of Shale Oil

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The latest crash in oil prices once again raises this prospect. On the one hand, lower oil prices – despite the recent rebound, prices are still down sharply from a few months ago – can cause some E&Ps to want to hold off on drilling new wells. oil production aloft at a time when low prices are starting to curtail drilling activity.

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The Next Oil Price Spike May Cripple The Industry

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Two diametrically opposed views dominate the current debate about where the oil price is heading. On the other hand, however, there is the view that the price of oil is set to explode, primarily due to underinvestment in the upkeep of brownfields , development of greenfields , and exploration for new resources. We will explain.

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Big Oil Betting On Electric Vehicles

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Oil demand for transportation fuel see its “ demand will flatten out ,” after 2030, Couse said. Colin McKerracher, head of advanced transport analysis at Bloomberg New Energy Finance, sees Couse’s forecast as the highest EV sales margin yet to be forecasted by a major company in the oil sector. Link to original article: [link].

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Oil Well Strippers Suffering From Low Oil Prices

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With OPEC breaking down and any kind of coordination among its members on price cuts looking increasingly unlikely, it now appears that oil prices could remain below $50 a barrel for a year or more. A stripper is a small operator of very old oil wells that frequently produce less than five barrels per day of oil.

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Oil Majors’ Costs Have Risen 66% Since 2011

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The oil majors reported poor earnings for the fourth quarter of last year, but many oil executives struck an optimistic tone about the road ahead. The collapse of oil prices forced the majors to slash spending on exploration, cut employees, defer projects, and look for efficiencies. by Nick Cunningham of Oilprice.com.

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Everything You Need to Know About the Cost of Owning a Car

Clean Fleet Report

This article may contain affiliate linnks. In reality, there are a lot of costs that come with owning a car. For example, a German luxury car would cost far more to maintain than a new Chevrolet sedan. Gas (or electricity) costs need to be factored into your overall cost. Gasoline Costs.

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Jordanian cabinet OKs $2.4B oil shale project with Enefit; largest in region and world

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Jordan’s Council of Ministers on Sunday endorsed all agreements prepared by the national electricity company with Estonian company Enefit which will carry out a mega oil shale energy project in the Kingdom. billion project, which will be the largest oil shale venture in the region and the world. Earlier post.). Earlier post.).

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