Light, sweet crude oil prices fell June 3 on the New York market on a combination of a higher rig count, weaker-than-expected job statistics, and a weakening dollar. Oil is traded in dollars and becomes cheaper for foreign buyers when the dollar falls. Source: News

A new tapered bearing assembly, developed specifically for roller-cone rock bits, significantly increased bit life for a Middle Eastern operator. Source: News

European governments are reluctant to promote shale gas development even though technology has advanced and extraction processes have matured in North America.  Source: News

Mexico’s shale industry may find traction in 2016. Well-prepared early movers will bid on the choicest geologic areas in one of the most anticipated shale offerings of recent years. Source: News

While many analysts agree that oversupply, rather than weak demand, led to the current slump in the price of crude oil, few have looked closely at the nature of that supply overhang. Source: News

It was not like the usual proceedings in the Natural Resources Committee hearing room on the Longworth House Office Building’s third floor. Maybe that was because no committee members attended the May 16 event. Source: News

Controversy over marketing of last year’s nuclear deal has revived senseless assertions that Iran has no moderates. Source: News

Donald Trump broke the seals on three important issues in a speech about energy May 26 in Bismarck, ND. The Republican aspirant to the US presidency sensibly sees the subject as a way to differentiate himself from Hillary Clinton, the probable Democratic candidate. To succeed, however, he’ll have to develop his themes to depth uncharacteristic […]

After nearly 3 years working for Oil & Gas Journal, the current weekly column marks this editor’s first to appear in a monthly printed issue. As momentous an occasion as this first time may be for an OGJ editor, it’s also as equally nerve-racking. Source: News