Oil Slick Stuff

Sort by newest Sort by date
BP Reports 'Significant' Deepwater GOM Discovery

by Rigzone Staff

Wednesday, December 18, 2013
BP plc reported Wednesday that it has made a significant deepwater discovery in the U.S. Gulf of Mexico.
The firm said the discovery at the Gila prospect is its third discovery in recent years in the emerging Paleogene trend in the GOM, reflecting its "ongoing commitment to the U.S. offshore region". BP's previous two Paleogene discoveries in the GOM were Kaskida in 2006 and Tiber in 2009.
The Gila discovery was made by an exploration well on Keathley Canyon Block 93, around 300 miles southwest of New Orleans and in approximately 4,900 feet of water.
- See more at: RIGZONE - BP Reports 'Significant' Deepwater GOM Discovery
 
US Senator Eyes Overhaul of Energy Tax Incentives

by Reuters
|
Valerie Volcovici
|
Wednesday, December 18, 2013


To encourage cleaner electricity production, the plan would establish a "technology-neutral and performance based" tax credit for domestically produced clean electricity. The credit would replace a number of different temporary credits, such as the production tax credit for wind energy.
Click to expand...

- See more at: RIGZONE - US Senator Eyes Overhaul of Energy Tax Incentives
 
Oil Rises, Gasoline Higher On Refinery Outages

by Reuters
|
Anna Louie Sussman
|
Friday, December 20, 2013

Oil prices rose and gasoline futures hit a three-month high on Friday, fueled by spread trading and supply concerns.
A string of glitches at U.S. refineries and strikes at four Total refineries in France lifted U.S. RBOB gasoline futures 1.5 percent, and they touched the highest level since early September.
"We have strong demand going into the holiday. We're expecting record holiday travel, so we're going to use more gasoline," said Phil Flynn, an energy analyst at Price Futures Group in Chicago.
Further support came as data showed the U.S. economy grew at its fastest pace in almost two years in the third quarter, signaling potentially stronger fuel demand.
- See more at: RIGZONE - Oil Rises, Gasoline Higher On Refinery Outages
 
US Production Makes Huge Gains; Mexico Allows Foreign Exploration

by Alex Mills
|
Texas Alliance of Energy Producers
|
Thursday, December 19, 2013

The news that Mexico will allow foreigners to search for oil and gas, and that U.S. oil production could set a new record as early as 2016 sent shock waves through the industry.
The Energy Information Administration (EIA) predicted on December 16 that oil production in the United States will grow 800,000 barrels per day (b/d) through 2016. If this occurs, domestic oil production will hit its historic high of 9.6 million b/d that was achieved almost 50 years ago in 1970.
With domestic crude oil production rising to 9.5 MMbbl/d in 2016, the net import share of U.S. petroleum and other liquids supply will fall to about 25%
- See more at: RIGZONE - US Production Makes Huge Gains; Mexico Allows Foreign Exploration
 
Regular between $3.29 and $3.45 today. This morning on my way into BBY (4:30am) all the gas stations I passed were $3.29 on the way home (12:30) some stations had jumped to $3.45. What a bunch of BS.
 
Down in South Carolina we used to call it Price Gouging before and after a hurricane that's against the law, now they do it on a daily basis.crooks.gifCROOKS
 
Number of States With Gas Price Below $3 Drops to Three

 By Douglas A. McIntyre December 27, 2013 6:49 am EST

The number of states in which the price of an average gallon of regular [FONT=inherit !important][FONT=inherit ! important]gasoline[/FONT][/FONT] is below $3 has dropped to three. The probable causes are a rise in oil prices and limited refinery capacity for conversion of crude to fuel for cars. The trend shows that prices, which have mostly fallen for months, have started to rise again. An improved economy could accelerate the trend. Ironically, that same improvement may be hurt by the rise in the [FONT=inherit !important][FONT=inherit !important]cost[/FONT][/FONT] of a gallon of gas.
According to Gas Buddy, Oklahoma, New Mexico and Wyoming have prices below $3. The number is insignificant against the national average, which is $3.279, because the populations of these states are so small.
In states with large populations, [FONT=inherit !important][FONT=inherit !important]gas [/FONT][/FONT][FONT=inherit !important][FONT=inherit !important]prices[/FONT][/FONT] are mostly very high compared to the U.S. average. The average price is California is $3.606, in New York $3.671, in Pennsylvania $3.435, in Illinois $3.413, in Ohio $3.411 and in Michigan $3.407. Theses six states include more than a third of the U.S. population.
 
Gas prices seen lower in 2014, but will peak at $3.83/gallon this spring

December 26, 2013, 3:08 PM
MW-BR546_gas_pe_MG_20131226120401.jpg


Gas prices seen lower in 2014; peak at $3.83/gallon in spring - Energy Ticker - MarketWatch
 
You must log in or register to reply here.
Back
Top