Archives for May 2017
Attending OTC, but investing in onshore drilling
Even as he manned his company’s booth at Houston’s Offshore Technology Conference on Wednesday, Kevin Anderson saw a certain irony in attending the industry’s annual summit. “You have to go where the oil companies are...
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Chemicals – not gasoline – is future, says Phillips 66
The top two executives at Phillips 66 backed away from the gasoline business on Wednesday and said that pipelines and chemicals held more promise for the company. “Today, if we look at the opportunities...
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OTC Commentary: Expanding offshore access is critical for energy security
By Erik Milito Last week marked the 100-day milestone for the Trump administration, and the White House is making steady progress on pledges to remove roadblocks to oil and natural gas development. At the heart...
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Crude oil inventories fall again
The nation’s supply of commercial crude dipped slightly by 900,000 barrels, potentially slowing some of the fears of U.S. shale oil production growing too quickly and contributing to another global glut. U.S. inventories of refined...
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Murphy Oil CEO: Now is the time to invest in deepwater
The timing is ripe for oil companies to invest in new deepwater exploration and production because it’s a buy-low opportunity when prime onshore shale acreage is selling at a premium, said Murphy Oil CEO Roger...
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