OPEC, for some quiet moments..

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Over the last few years, analysts and academics worried about peak oil have been on the defensive. The fracking revolution has brought an abundance of oil and gas that no one thought possible a decade ago. So we can declare peak oil dead, right? Chris Nelder, an energy analyst who’s written extensively on the subject, has a simple answer: no.

Peak Oil in an Era of Fossil Fuel Abundance : Greentech Media

Finding new sources of oil has always been the primary strategy of the oil industry. But digging more efficiently is perhaps of greater importance when finances are stretched and untested areas more risky. Instead, producers are faced with three options: 1. increase production from existing assets; 2. monetize known resources; 3. reduce exploration and production costs.

3 Ways Oil Companies Can Survive Low Prices | OilPrice.com

ConocoPhillips said it’s capable of supplying U.S. oil to the global market and reiterated a call to end the nation’s ban on crude exports. The U.S. shale boom has resulted in a glut of light-sweet crude, as production outpaces demand from refineries, Ryan Lance, CEO of the Houston-based company, said in Kuala Lumpur on Monday. Removing the ban on overseas sales of U.S. oil would benefit consumers because it would reduce domestic as well as overseas gasoline prices, he said at a conference in the Malaysian capital.

Conoco sees selling U.S. oil to world amid call to end crude ban

A plunge in oil has forced companies from Royal Dutch Shell Plc to Chevron Corp. to cut or delay spending on projects that supply super-cooled gas linked to the price of crude.

BHP lowers priority of Australian LNG project with Exxon