Baker Hughes Co. said it is pursuing a restructuring plan that will result in about $1.8 billion in charges and expects to book a roughly $15 billion goodwill impairment charge Continue Reading
At least 19 people died when tornadoes and severe thunderstorms tore across several Southern states Sunday and early Monday, knocking down trees, destroying homes and leaving about a million households Continue Reading
The Drilling Productivity Report uses recent data on the total number of drilling rigs in operation along with estimates of drilling productivity and estimated changes in production from existing oil Continue Reading
Shortly after Mexico won a historic “Mexican standoff” with Saudi Arabia on Sunday afternoon, and was exempt from a historic 9.7mmb/d oil production cut by OPEC+ member states (which Mexico Continue Reading
With airlines facing a $250-billion loss in revenue for 2020 at a minimum, the additional $35 billion they might have to pay in the form of refunds over the next Continue Reading
State also will join Regional Greenhouse Gas Initiative Sets mandatory benchmarks to reach 100% renewable power Dominion Energy Virginia must shut down its 1,032-MW Chesterfield coal plant within the next Continue Reading
US shale oil production will fall to 8.53 million b/d in May, down 183,000 b/d from April, with declines seen in every major basin, the Energy Information Administration said Monday. Continue Reading
Baker Hughes said Monday it will report a $15 billion impairment charge, larger than the company’s current market capitalization value, as the decimated oilfield services sector adjusts to demand collapse Continue Reading
Battery electric vehicles are only as clean as the energy source used to generate the electricity that powers them. The calculated relative amounts of well-to-wheels emissions of greenhouse gases from Continue Reading
The U.S. is only in the FIRST STAGE of the country’s oil demand destruction. Since the nationwide shutdown announced by the U.S. Government in mid-March, domestic oil demand has fallen Continue Reading
