News

02.13.18

Veterans, Business Leaders and Consumers in Favor of Offshore Energy Development

Business groups, energy consumers, policy leaders and veterans organizations let their voices be heard that energy exploration and long range planning is critically important to the nation's energy security and will be a huge economic boost to South Carolina.

 

02.13.18

Drill or no drill? SC environmental groups to rally against offshore drilling

Environmental groups opposed to offshore drilling in our state will hold a rally at the State House on Tuesday.

 

02.13.18

Sanford takes shot at Trump in oil-drilling debate as SC opponents, supporters rally

Tuesday's events highlighted the divide in South Carolina over Trump's plan to allow drilling along the East Coast - and S.C. waters - during the next decade.

 

02.08.18

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.

 

02.06.18

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...

 

02.05.18

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.

 

02.04.18

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.

 

02.03.18

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.

 

01.31.18

Hydraulically fractured horizontal wells account for most new oil and natural gas wells

Almost three-quarters of all oil and natural gas wells drilled in the US as of 2016 were hydraulically fractured horizontal wells... fracked horizontal wells accounted for about 10.7 million of the nearly 13 million feet of total drilled footage in 2016, the EIA said.

 

01.31.18

Deepwater discoveries signal life in offshore sector

Flurry of major finds could provide needed boost to energy industry