U.S. gas glut is disappearing
The views expressed are his own.) U.S. natural gas prices have risen by a third since hitting a two-decade low in the first quarter, amid signs supply and demand are Continue Reading
Rig sales begin for bankrupt Hercules Offshore
A little more than a month into Chapter 11 bankruptcy, rig company Hercules Offshore said it sold one of its drilling components for around $3 million. The international drilling subsidiary Continue Reading
Energy Failures Push U.S. High-Yield Default Rate to 6-Year High
Overdue speculative bonds reach 5.1 percent in second quarter Fitch expects skipped payments to hit $90 billion by year-end U.S. high-yield bonds in default reached the highest levels in at Continue Reading
Nexen to Cut 350 Jobs in Canada After Oil-Sands Explosion
Unit of Cnooc says upgrader not repairable in short term Company to contine bitumen production at Long Lake site Cnooc Ltd.’s Nexen Energy unit will eliminate 350 jobs this year Continue Reading
India First Quarter Oil Demand Grows at Fastest Pace in a Decade
India consumed 48.5 million tons of oil products in April-June Diesel demand expanded 4.7 percent, gasoline at 10 percent India’s oil demand in the three months of the financial year Continue Reading
Colorado touts labor sector performance
Despite a revenue stream under pressure from low oil prices, a Colorado study finds an educated work force means earnings are higher than the national average. A study from the Continue Reading
Wall Street Debt Investors Circle Aubrey McClendon’s Permian Resources
Wall Street debt investors have encircled a beleaguered oil producer founded by the late Aubrey McClendon and are in early talks to take control of it in a deal that Continue Reading
Shale Drillers Adapting to Low Oil Prices, Report Finds
U.S. shale oil drillers have made big strides in adapting to lower crude prices by cutting costs and improving productivity, according to a report released Wednesday. American shale now makes Continue Reading
U.S. Production Is Falling, Why Isn’t Oil Recovering Faster?
Why aren’t oil prices rising faster? The recent recovery in oil prices has largely stalled out and investors looking at historical figures could be forgiven for not understanding why prices Continue Reading
EIA sees US becoming net natural gas exporter in H2 2017
With natural gas pipeline exports to Mexico on the rise and the ramp up of US LNG exports from Louisiana, the US Energy Information Administration on Tuesday projected the US Continue Reading