Five things to watch in 2021 after oil’s wild ride this year
The oil sector was hit harder than almost any other by the pandemic. Crude prices fell from near $70 a barrel at the beginning of the year to below $20 in Continue Reading
Despite current macro conditions, Permian Basin has plenty of life
Any centenarian expects to be questioned about her longevity, and that’s especially true of the US’ biggest, most prolific oil reservoir. And like human centenarians, the Permian Basin’s long life Continue Reading
What Big Oil’s $145 Billion Write-Downs Mean For The Industry
The 2020 oil price collapse provided a reality check for the global oil and gas industry, which reassessed its price assumptions for the years ahead and readjusted the value of Continue Reading
The Very Real Possibility Of Peak Oil Supply
Three months ago, British oil giant BP Plc. (NYSE:BP) sent shockwaves through the oil and gas sector after it declared that Peak Oil demand was already behind us. In the Continue Reading
2020 Was One of the Worst-Ever Years for Oil Write-Downs – WSJ
The pandemic has triggered the largest revision to the value of the oil industry’s assets in at least a decade, as companies sour on costly projects amid the prospect of Continue Reading
North Dakota’s shale prospects look bleak after the gold rush
Almost a decade ago, Clint Hacker traded the Arizona sunshine for the subzero temperatures of the North Dakota winter, migrating north along with thousands of others to join in a Continue Reading
Talos Continues Talks With Pemex Over Massive Shared Oil Discovery Off Mexico
U.S. Talos Energy and Mexico’s state-controlled oil firm Pemex have another three months to discuss and possibly reach an agreement over how to manage and operate a massive oil find Continue Reading
Oil Prices Rise On Bullish EIA Inventory Report
Crude oil prices today moved higher after the Energy Information Administration reported an inventory draw of 600,000 barrels for the week to December 18. This compared with a draw of Continue Reading
Oil, Gas Rigs Increase For Fifth Week In A Row
Baker Hughes reported on Wednesday that the number of oil and gas rigs in the United States rose by 2 to 348. The oil and gas rig count has risen Continue Reading
The Worst May Be Over For U.S. Oil
More than 40 oil and gas companies in the United States filed for bankruptcy protection in the first eleven months of this year, according to Haynes & Boone’s latest report Continue Reading