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If the benchmark oil price is $10/bbl higher than the breakeven price for production that means companies are making good money, right? Maybe, but it’s hard to know what goes into a breakeven price.

Could 2019 be a bumper year for offshore energy development?

The move is part of Delek’s strategy to expand its operations beyond the Eastern Mediterranean region. Shell, meanwhile, is in the midst of a $10-billion divestment program.

A growing number of oil industry leaders are saying that data sharing across the industry is needed, but change is coming slowly.

Chevron’s $50-billion purchase of Anadarko will make it the second-place ultra-major, behind ExxonMobil.

The gas agreement clears the way for the FEED phase; FID expected in 2020.

The independent oil and gas company is aiming to build shareholder value through a change in business focus to midstream with this step into pipeline service and construction.

The very first fracturing job used sand scooped from a nearby river. After decades of buying sand based on tight size standards, unconventional operators are increasingly going back to a broad range of sizes, similar to that river sand.

The move comes weeks after Gazprom announced a final development concept for the project. Other projects Shell is developing with Gazprom, including the Sakhalin 2 export facility, will not be impacted by the decision.

Natural gas, often hailed as the bridge to an energy future that will include greater demand for alternative energy supplies, may be poised to overtake oil as the globe’s primary fuel source in the next decade.