Nine in ten US shale oil companies are burning cash, according to Rystad Energy. Rystad has studied the financial performance of 40 dedicated US shale oil companies, focusing on cash Continue Reading
The US Department of Energy has authorized additional exports of domestically produced natural gas from the Freeport LNG Terminal in Texas, according to a DOE press release from Tuesday, but Continue Reading
U.S. Devon Energy announced on Wednesday an agreement to sell its Canadian business to Canadian Natural Resources for C$3.8 billion, or US$2.8 billion, as part of its plan to focus Continue Reading
About nine in 10 U.S. shale companies are tremendously overspending, according to new analysis by Rystad Energy. Just about 10 percent of U.S. shale companies had a positive cash flow Continue Reading
Despite the hype of lower breakeven prices , and despite the hype around longer laterals, energy digitalization, and other technological breakthroughs, most shale companies are still not profitable. In fact, Continue Reading
Ithaca Energy Limited is buying Chevron’s British North Sea oil and gas field interests for $2 billion, the unit of Israel’s Delek Group said on Thursday. Delek said last month Continue Reading
Total greenhouse gas emissions in the European Union (EU) increased by 0.7% in 2017, according to latest official data published today by the European Environment Agency (EEA). Less coal was Continue Reading
U.S. crude stockpiles are climbing at their quickest pace since 2016, fueling fresh volatility in the oil market as fears of excess supply gather momentum. Rising inventories have powered a Continue Reading
Oil prices fell by around 1% on Wednesday on concerns the Sino-U.S. trade war could trigger a global economic downturn, but relatively tight supply amid OPEC output cuts and political Continue Reading
U.S. crude futures gained almost 1% on Tuesday after flooding throughout the Midwest constrained crude flow from the main U.S. storage hub in Cushing, Oklahoma. U.S. West Texas Intermediate (WTI) Continue Reading
