BlackRock Is Turning Up The Heat On Oil Companies
The more your firms are seen to embrace the climate transition and the opportunities it brings, the more the market will reward your firms with higher valuations. – Larry Fink, Continue Reading
Big Oil’s Exploration Cuts Exacerbate Supply Deficit
The idea that crude oil could ever again hit three-digit price levels may sound ridiculous at a time when slack demand amid a pandemic has oil stuck in the $50s. Continue Reading
Underinvestment In Oil And Gas May Cause Major Problems
Following an unpredictable and shocking 2020, stability and sustainability are set to be the two major themes in the oil and gas industry this year. Companies in the sector will Continue Reading
Biden’s Climate Change Policy Targets Oil Industry
The oil industry is emerging as a primary target of President Biden’s climate policy, setting the stage for a confrontation that could shape the future of the energy sector. The president is Continue Reading
U.S. Oil Bankruptcies To Fall As Prices Stabilize
The combined debt of North American E&P and oilfield service companies that filed for Chapter 11 bankruptcy protection last year jumped to $102 billion, surpassing the $100 billion mark for Continue Reading
Permian Flaring Could Be Slashed At No Cost to Producers
As much as 40% of the natural gas that’s expected to be flared in the Permian Basin in 2025 could be avoided at no cost to drillers if regulators abandoned Continue Reading
Biden’s planned moratorium on oil and gas leasing picks winners and losers, critics argue
The moratorium on new oil and gas leases on federal lands and waters that President Biden is expected to announce Jan. 27 would hurt US production and pick winners and Continue Reading
Glimpse into dynamics of post-pandemic oil industry
Since its discovery in 1859, oil has been the main source of energy and main source of income for many countries. The finite resource was subject to major hits in Continue Reading
Shale producers fear drilling binge will spoil good times
US shale producers, suddenly enjoying a rare period of profitability thanks to rising oil prices, are starting to worry that “bad actors” in the sector will spoil the rally with Continue Reading
Biden to impose moratorium on new federal oil, gas and coal leases on Wednesday
President Biden is poised to impose a moratorium on new federal oil and gas leasing Wednesday, according to three individuals briefed on the matter who spoke on the condition of anonymity because the Continue Reading