Bankrupt Alta Mesa Gets $310MM Bid
Alta Mesa Resources, Inc., the Houston-based energy company that filed bankruptcy in September 2019 , has received a $310 million bid for its assets from joint venture BCE-Mach III LLC. Continue Reading
This Isn’t Your Father’s Oil and Gas Rig Count
The industry’s advance beyond the rig count indicating production growth has complicated things for forecasters. Every Friday, the Baker Hughes oil and natural gas rig count gets released. This is Continue Reading
Euro zone inflation accelerates in December, November retail sales jump
Euro zone inflation accelerated as expected in December, an estimate from the EU statistics office Eurostat showed on Tuesday, while retail sales turned out stronger than predicted in a sign Continue Reading
North Sea industry faces new pressures over climate, resource shortfall
Rising oil and natural gas production and an easing of the UK’s political crisis are giving rise to optimism in the North Sea. But concerns loom over an expected longer-term Continue Reading
March ICE Brent hits $70/b as US-Iran tensions escalate
Oil futures continued to rally Monday morning in Asia, with the March ICE Brent contract climbing above $70/b as geopolitical tensions between the US and Iran escalated. Now At 10:08 Continue Reading
Oil Prices Surge as Markets Digest Iran News
Oil prices surged and stock markets in Asia and Europe fell on Monday, as the impact of the American killing of a powerful Iranian general on Friday ricocheted around the Continue Reading
Oil tops $70 a barrel as Middle East tensions rattle markets
Oil prices surpassed $70 a barrel on Monday for the first time in more than three months as the US warned of increased threats to energy facilities in the Middle Continue Reading
Oil prices climb 2% as Iran, Trump trade threats
Oil prices rose a further 2% on Monday, pushing Brent above $70 a barrel, as rhetoric from the United States, Iran and Iraq fanned tensions in the Middle East after Continue Reading
2020 Will Be A Crucial Year For Oil
It’s the start of a new year and a new decade, and the oil market is as unpredictable as ever. Will OPEC+ extend its cuts? Will U.S. shale finally grind Continue Reading
Why Pirates Are Giving Up On Oil
Piracy in some of the world’s most critical oil chokepoints is on the rise–but now, pirates are resorting back to another method of income generation better suited to times of Continue Reading