Crude Oil
Colombia needs to invest $70B to ensure future oil output
Lack of investment is putting Colombia’s oil industry at risk of loosing its crude self-sufficiency, forcing the country to become an importer, Kallanish Energy learns from the Colombian Petroleum Association ...
Marcellus-Utica could soon be ‘overpiped’
It’s a concept rarely, if ever discussed in the Marcellus and Utica Shales region, but was heard uttered by no fewer than two speakers at last week’s ...
Shale oil production to drop 118,000 BPD: EIA
Crude oil production from the top seven U.S. shale plays will fall in December 118,000 barrels per day (BPD) from November’s projection, to 4.95 million BPD (MMBPD) — the biggest ...
Escalera files Chapter 11 bankruptcy petition
Denver, Colorado-based independent oil and gas producer Escalera Resources last week filed a petition in the U.S. Bankruptcy Court seeking relief from creditors under provisions of Chapter ...
OPEC unsure it can ‘live together’ with U.S. shale industry
The head of OPEC said this week his organization doesn’t know how to coexist with the U.S. shale oil industry. “Shale oil in the U.S. — I ...
Ecuador-Colombia pipeline ready in December, Amerisur assures
UK’s Amerisur Resources, a South America-focused oil and gas company, said this week its Ecuador-Colombia oil pipeline project, Oleoducto Binacional Amerisur (OBA), will be ready in December, Kallanish Energy understands. ...