Novas Energy

What’s Keeping Oil Down

What’s Keeping Oil Down After a price run-up putting oil above $50 in May from 12 year lows of $26-27 in the first quarter of 2016, oil prices have steadily declined amidst several different factors. Growing Crude and…

Unconventional Oil Recovery Helps Make US Top Producer

Unconventional Oil Recovery Helps Make US Top Producer A new report out this week by Rystad Energy reveals the United States has more oil reserves than Saudi Arabia and Russia. The report states that 50 percent of US reserves come from unconventional…

Brexit Impact on Oil at a High Level

Brexit Impact on Oil at a High Level Yesterday, UK citizens voted on a referendum for UK to leave the EU. Referred to as the “Brexit”, the referendum passed narrowly by a vote of 51.9% to Leave and 48.1% to Remain. While the referendum…

96-Year High For US Crude Oil Exports

96-Year High For US Crude Oil Exports Oil exports from the US have reached a recent record high. The increase in exports came after the United States lifted a 40-year-old ban prohibiting oil exports to other countries except for Canada....

June’s OPEC Meeting and Latest Impact on Oil Prices While crude oil prices hover near the $50 per barrel mark, there is no assurance that these price levels will be maintained or continue to move upward. Yesterday’s OPEC meeting ended without members...

Oil Prices on the Rise this Week

Oil Prices on the Rise this Week Oil prices jumped this week to their highest levels since November 2015 amidst several key factors. As mentioned previously, $50 oil appears to be the next price target, and this week already sees prices...

$50 Oil Appears to Be New Milestone Ten hours after the expected end time almost two weeks ago in Doha, OPEC and non-OPEC producers failed to reach an agreement on freezing production levels. Reaching an agreement failed primarily because...

Oil Prices Fluctuating Amidst Multiple Factors On Tuesday, Brent crude climbed to almost $45, a new high for 2016. While this may be attributed to the expected production freeze at the OPEC/non-OPEC meeting in Doha this weekend, oil prices have fallen...

Propell Treats Pivotal Test Well and Takes Commercial Delivery of Next Gen Plasma Pulse Tool Sets Today, Propell announced the treatment of an important test well in Oklahoma and that it has accepted the first commercial delivery of 7 next generation plasma pulse tools.

Upcoming OPEC-Russia Oil Production Meeting in Doha Most OPEC members and Russia are planning to meet in Doha, Qatar on April 17, 2016 to further discuss freezing oil production. These producers are responsible for approximately 73% of global crude oil...

What’s Driving the Recent Oil Recovery With an almost 50% gain in oil prices in the last month and no fundamental change in the market, what can be driving these changes?

Propell Technologies Appoints COO

Propell Technologies Appoints COO Today Propell announced the appointment of David S. Ramsey as Chief Operating Officer (COO) effective March 1.