We are entering the critical spring borrowing base redetermination season, which as we previewed previously is the biggest threat to near-insolvent energy companies whose banks may, and in many cases Continue Reading
Many analysts had anticipated that a dramatic drop in oil prices such as we’ve seen since the summer of 2014 could provide a big stimulus to the economy of a Continue Reading
There’s not much money in new well drilling these days. In fact, the latest figures from the American Petroleum Institute (API) reveal a 70 percent annual decline in new natural Continue Reading
Stockpile data for oil via API’s weekly survey Crude build of 6.223 mln barrels Cushing draw of 1.93 million barrels Gasoline draw 1.58mln barrels Distillate draw 530K bbls The crude Continue Reading
BP is facing a revolt from its shareholders over the salary of its CEO Bob Dudley. Dudley’s salary jumped 20 percent in 2015 to $19.6 million, the same year in Continue Reading
Alberta’s leading oil sands producers are currently working on ways to reduce the sustaining capital for their projects in order to maintain global competitiveness and also attract investment, executives said Continue Reading
The latest EIA drilling productivity report (11th April 2016) https://www.eia.gov/petroleum/drilling/ shows US shale oil production continuing to decline in Bakken, Eagle Ford and Niobrara while the Permian has flattened out. Continue Reading
Taking a long view on the global market, Russian energy company Gazprom said it selected St. Petersburg as the 2022 host of a liquefied natural gas summit. Billed as the Continue Reading
Russia sees a deal on freezing oil output as possible regardless of Iran’s stance. “There is hope,” Dmitry Peskov, the Kremlin’s press secretary, said following the latest conversation between Russian Continue Reading
Two years ago, BP Plc said international sanctions against Russia could hurt its business there. Didn’t happen. Instead, London-based BP has found a haven in Russia, buttressed by a falling Continue Reading
