OPEC backs 6-month oil production cut of 1.2 million barrels per day

OPEC backs 6-month oil production cut of 1.2 million barrels per day

Oil prices spiked sharply higher Friday as major oil producers, including the OPEC cartel, agreed to cut global oil production by 1.2 million barrels a day to reduce oversupply. Following two days of meetings, the Organization of the Petroleum Exporting Countries that includes the likes of Saudi Arabia and Iraq said they would cut 800,000 […]

By December 11, 2018 0 Comments Read More →
Political Horizons: Oil prices could play big role in estimating Louisiana’s revenue; here’s why

Political Horizons: Oil prices could play big role in estimating Louisiana’s revenue; here’s why

Louisiana Senate President John Alario recalls a time when lawmakers huddled on the House floor to resolve budget debates by deciding the price of oil. Their purpose was to skirt political intransigence by simply adding 50-cents or so to the average annual price per barrel to give the formula that determined how much state government […]

By December 10, 2018 0 Comments Read More →
Survey: Louisiana 10th-most attractive location worldwide for petroleum development; Texas is first

Survey: Louisiana 10th-most attractive location worldwide for petroleum development; Texas is first

Louisiana is the 10th-best place in the world to invest petroleum exploration and development, according to a recent survey by the Fraser Institute, a Canadian think tank. The state ranked 20th in the same survey last year and 18th the year before. Offshore U.S. Gulf of Mexico ranked eighth in this year’s survey. Texas ranked first, followed […]

From the President’s Desk: Changing The Trajectory 

From the President’s Desk: Changing The Trajectory 

By: Gifford Briggs, President of the Louisiana Oil & Gas Association  The Plaquemines Parish Council recently voted 4-3 in favor of withdrawing from a set of coastal lawsuits filed against oil and gas companies operating in the parish. It would seem only logical to assume that with a 4-3 vote the Council would have successfully […]

Severance Tax: How does Louisiana stack up?

By: Gifford Briggs, President of the Louisiana Oil & Gas Association  “No taxation without representation!” the slogan that originated during the 1700s and started a Revolution. In the past 300 years, very little has changed with regards to our view of taxes. Who do we tax? What do we tax? Fair tax, flat tax, internet […]

By September 14, 2018 0 Comments Read More →
Elections: What’s at Stake

Elections: What’s at Stake

By: Gifford Briggs, President of the Louisiana Oil & Gas Association  If there ever were a time in U.S. history when the phrase “elections have consequences” would be most accurate, now would be that time. The contrast between the past and current United States President could not be more different. Under President Obama, we experienced […]

India’s falling oil, gas production a concern – minister

India’s falling oil and gas production is a matter of concern, Oil Minister Dharmendra Pradhan said, adding the government will soon set up a gas trading hub. India’s crude oil production in October dropped 5 percent from a year earlier to about 2.89 million tonnes, while natural gas output was down 0.4 percent at 2.80 […]

By December 11, 2018 0 Comments Read More →

Chevron’s Giant Expansion Of A Super-Massive Oil Field

On April 3, 1993, the Republic of Kazakhstan and Chevron Corporation (NYSE:CVX) formed the Tengizchevroil venture to develop the super-massive Tengiz oil field and the smaller Korolev oil field in Western Kazakhstan. Combined, both fields are expected to hold 9 billion barrels of recoverable crude oil, with room for upside as the fields are home to 27.1 […]

By December 11, 2018 0 Comments Read More →

Why OPEC’s Output Cuts Haven’t Got Oil Bulls Excited Yet

OPEC and its allies defied market expectations last week and agreed 1.2 million barrels a day of production cuts for 2019, but crude prices are yet to rally. Unlike when a deal was reached to cut supply in 2016, the market is more skeptical this time around about exactly how the Organization of Petroleum Exporting […]

By December 11, 2018 0 Comments Read More →

Thunder Energies announces interview with Midnight in the Desert w/Heather Wade on the danger posed by antimatter asteroids

TARPON SPRINGS, Fla., Dec. 20, 2017 (GLOBE NEWSWIRE) — Brian Buckley, Operations Manager of Thunder Energies Corporation, a publicly-traded company with stock symbol (OTC:TNRG), announces that Dr. Ruggero M. Santilli, company Chief Scientist, has been interviewed on December 6, 2017 by Ms. Heather Wade, host of Midnight in the Desert Radio (http://midnightinthedesert.com/how-to-listen) from 9:00 pm […]

By December 20, 2017 Read More →

TransGlobe Energy Corporation Announces Q4 2017 Operations Update

CALGARY, Alberta, Dec. 20, 2017 (GLOBE NEWSWIRE) — TransGlobe Energy Corporation (“TransGlobe” or the “Company”) (TSX:TGL) (NASDAQ:TGA) announces an operational update. All dollar values are expressed in US dollars unless otherwise stated. Highlights Annual 2017 average production is trending to ~15.4 MBoepd, a 27% increase over 2016 Lifted and sold ~510 thousand barrels of entitlement crude […]

By December 20, 2017 Read More →

Eagle Energy Inc. Announces Ongoing Production Results from its First North Texas Well

CALGARY, Alberta, Dec. 19, 2017 (GLOBE NEWSWIRE) — (TSX:EGL):  Eagle Energy Inc. (“Eagle”) is pleased to announce that, one month after initial production, the oil, natural gas and natural gas liquids rates from its first North Texas horizontal well continue to perform at budgeted levels.  Currently, the well is producing 450 barrels of oil equivalent […]

By December 19, 2017 Read More →

Other Recent Articles

Congress moving toward passage of anti-OPEC bill

 Congress looks increasingly likely to vote on a bill that would allow the US Department of Justice to sue OPEC for antitrust violations, several sources said Friday. Versions of the bill, titled the No Oil Producing and Exporting Cartels or NOPEC Act, have been introduced in every Congress over the past 20 years, but several […]

By December 11, 2018 0 Comments Read More →

Gas in some states falls to $2 a gallon

Gas prices in the Harrisburg have continued to drop. Prices in the past week dropped 6 cents a gallon to an average of $2.58 a gallon, according to GasBuddy.com. That average price is 25 cents lower than a month ago and higher than the national average of $2.42 a gallon…   Click Here for Remainder of […]

By December 11, 2018 0 Comments Read More →

Report: U.S. LNG export capacity to more than double by end of 2019

The United States will be able to export more than double the amount of liquefied natural gas by the end of next year, a new report from the Energy Information Administration shows. LNG producers currently have the ability to export 3.6 billion cubic feet of natural gas per day. But with at least 18 LNG […]

By December 11, 2018 0 Comments Read More →