FORUM NEWS

Innovation drives changes for Olympic athletes, viewers

In 1924, if you wanted to see the Olympics, you had to travel to Chamonix, France. The 2018 Olympics will deliver live stream video feeds 24 hours per day to televisions, computers and smart phones using satellite and the internet -- all technologies which would have been beyond anyone's dreams in 1924.  

Interior Announces Date for Largest Oil and Gas Lease Sale in U.S. History

Deputy Secretary of the Interior David Bernhardt announced that the Department will offer 77.3 million acres offshore Texas, Louisiana, Mississippi, Alabama, and Florida for oil and gas exploration and development.  

EIA: US gas reserves increase at yearend 2016, crude remains flat

The US Energy Information Administration said average first-of-the-month prices used to calculate US reserves dropped in 2016 compared with 2015. Natural gas and crude oil decreased by a respective 6% and 15% during the period.  

Budget deal envisions largest oil stockpile sale in history

In an effort to partially pay for new spending, the budget agreement would sell 100 million barrels of the Strategic Petroleum Reserve (SPR) in the next decade.  

Oil World Turns Upside Down as U.S. Sells Oil in Middle East

[I]n a trade that illustrates how the rise of the American shale industry is upending energy markets across the globe, the U.A.E. bought oil directly from the U.S. in December...  

Opinion: Point - Offshore energy is critical to future energy security

Offshore development plays a critical role in U.S. energy security, supplying more than 1 million barrels of oil per day for the last 20 years.  

Permian Seen Second to Saudis for Spare Oil-Output Capacity

The U.S.'s Permian Basin is looking like Saudi Arabia, with as much as 1 million barrels of spare oil capacity ready to go into production, according to Nansen Saleri, former head of reservoir management at Saudi Aramco, the world's largest crude exporter.  

China Surpasses U.S. as Largest Crude Oil Importer

China surpassed the U.S. in annual gross crude oil imports in 2017 by importing 8.4 million barrels per day (b/d) compared with 7.9 million b/d of U.S. crude oil imports.