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US Secretary of Energy meets with ADNOC

His Excellency Dr Sultan Ahmed Al Jaber, UAE Minister of State and ADNOC Group CEO, met, today, with United States Secretary of Energy Rick Perry, who is leading the US delegation, participating in the US-UAE Strategic Energy Dialogue, taking place…

ExxonMobil and SABIC to develop US petchem facility

Oil major ExxonMobil said the company with Saudi Arabia’s chemicals company SABIC selected a site in Texas for potential development of a jointly owned petrochemical complex on the U.S. Gulf Coast.

Apache makes big US play find

US independent player Apache Corp has made a significant new resource play in the southern portion of the Delaware Basin, with an early estimate of vast gas and oil resources.

U.S. shale output seen rising in January as OPEC cuts production

U.S. shale production is expected to rise in January, according to U.S. Energy Information Administration, less than a week after non-OPEC countries joined OPEC producers in a deal that will curb oil production to tackle a glut and prop up low oil…

U.S. gas demand falls in Oct. in first monthly decline in a year- EIA

U.S. gasoline demand fell year-over-year for the first time in 11 months in October, according to data released on Friday by the U.S. Energy Information Administration.

Total establishes new petrochemical joint venture in the US

Total is entering a partnership with Borealis and Nova to form a joint venture with the aim of building a US$1.7 billion ethane steam cracker and a new Borstar polyethylene unit on the US Gulf Coast.

Ex-Exxon Mobil CEO Tillerson confirmed as US secretary of state

The U.S. Senate confirmed Rex Tillerson as President Donald Trump's secretary of state on Wednesday, filling a key spot on the Republican's national security team despite concerns about the former Exxon Mobil Corp chief executive officer's ties to…

Leaner deepwater industry competing with US tight oil – Wood Mackenzie

A leaner and more cost-competitive deepwater industry is emerging from the downturn, with the most attractive projects now competing with US tight oil plays, according to a recent Wood Mackenzie report.

U.S. natural gas production drops to 33-month low – IHS Markit

U.S. natural gas production averaged just 70.2 billion cubic feet per day (Bcf/d) during March 2017, dropping monthly gas production to a low not seen in 33 months, according to analysis from analytics firm IHS Markit.

Asian investment set to return to US tight oil: Wood Mackenzie

Asian buyers spent US$20 billion on US unconventionals between 2010 and 2013, but deals have dried up since 2014. A report by Wood Mackenzie highlighted how the absence of major Asian companies from the US tight oil boom needs to change.