Oil Investment Crash Could Continue For Another Year
Offshore Oil Rig Investment in upstream operations in the oil and gas industry shrank by a quarter last year and is expected to continue shrinking this year by another 24 Continue Reading
Big Oil Was Never That Big a Money-Maker, Goldman Sachs Says
Oil companies longing for the glory days of ultra-high crude prices might wish to think again. The rising oil prices that came to characterize energy markets in the mid-2000s, and Continue Reading
Exxon probe faces uphill climb amid ambiguous accounting rules
The logo of Exxon Mobil Corporation is shown on a monitor above the floor of the New York Stock Exchange in New York, New York, U.S. December 30, 2015. New Continue Reading
When Should a Company Write Down Assets
New York Attorney General Eric Schneiderman is investigating why Exxon Mobil Corp. hasn’t written down… New York Attorney General Eric Schneiderman is investigating why the oil giant hasn’t written down Continue Reading
Oil Supermajors’ Dividends at ‘Massive Risk’ From Slump: Analyst
Largest producers to distribute $40 billion next year Exxon expresses unwaivering commitment to maintaining payouts The world’s biggest oil producers may struggle to make more than $40 billion in annual Continue Reading
Shell to Sell Gulf of Mexico Oil Assets for $425 Million
Royal Dutch Shell Plc agreed to sell its Brutus/Glider operation in the Gulf of Mexico for $425 million as Chief Executive Officer Ben Van Beurden seeks to resuscitate an explorer Continue Reading
Largest Oil Companies’ Debts Hit Record High
Some of the world’s largest energy companies are saddled with their highest debt levels ever as they struggle with low crude prices, raising worries about their ability to pay dividends Continue Reading
Largest Oil Companies’ Debts Hit Record High
Some of the world’s largest energy companies are saddled with their highest debt levels ever as they struggle with low crude prices, raising worries about their ability to pay dividends Continue Reading
Is ExxonMobil Actually Only Worth A Fraction Of What It Says?
The investigation by a handful of attorneys general into ExxonMobil has much more to do with the oil major misleading investors than it does about covering up climate science. The Continue Reading
Is the Oil Industry Dying?
The ‘peak oi l’ controversy is staging a come-back as the industry confronts higher costs—and low prices Talking about “peak oil” can feel very last decade. In fact, the question Continue Reading