Archives for May 2019
Oxy moves forward on Permian "direct air capture" plant
Houston’s Occidental Petroleum said Tuesday it is designing the first “direct air capture” plant in West Texas’ booming Permian Basin to suck carbon dioxide out of the sky and inject it into the ground to...
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Texas pipeline protesters face 10 years in prison under proposal
Oil pipeline protesters who interrupt operations or damage equipment could face up to 10 years in prison under legislation approved by Texas lawmakers. Under a bill approved by both chambers of the state legislature, protesters...
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Dallas Fed: Shale gains bring U.S. oil breakeven price down to $50 a barrel
The cost of profitability drilling a shale oil well in the U.S. has fallen to a modern low of $50 per barrel, likely ensuring the growth of the onshore shale industry for years to come,...
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U.S. oil output still expected to hit 13M barrels daily by end of '19
Despite a slow start to the year, U.S. crude output is still expected to surge for the rest of the year and hit at least 13 million barrels daily by the end of 2019, a...
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Russian oil sales to U.S. ‘on steroids’ amid Venezuela sanctions
Petroleum exports from Russia to the U.S. are growing rapidly as the supplier takes advantage of lost deliveries from sanctions-hit Venezuela and supply cuts by OPEC members. Source: FuelFix
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