The current year has been shaping up as the worst in decades for oil and gas mergers as the deep uncertainty surrounding the sector killed Big Oil’s appetite for acquisitions. Continue Reading
Even before the COVID-19 pandemic shook up the oil industry, America was full of defunct oil wells. Tens of thousands, if not hundreds of thousands, or perhaps millions of holes Continue Reading
COVID Market Update: M&A Is Back With little to no notable activity on the oil deal scene since the oil price crash, Chevron’s offer to buy Noble Energy Inc. for Continue Reading
An abundance of fossil fuels combined with advances in technology to harness wind and solar power has sent energy prices crashing around the world. WSJ explains how it all happened Continue Reading
Baker Hughes reported on Friday that the number of oil and gas rigs in the US fell again this week, by 2, to 251, marking the twentieth straight loss in Continue Reading
Tropical storm Hanna is expected to make landfall in Texas on Saturday with heavy rains that could result in flash flooding along the Texas coast, where oil refineries and LNG Continue Reading
The world’s largest oilfield services provider, Schlumberger ( NYSE:SLB ), reported on Friday a second straight quarterly loss on the back of a dramatic revenue slump in U.S. shale and Continue Reading
Despite a wave of well shut-ins by operators across the Bakken Shale this spring, associated natural gas production looks to rebound sooner than expected, leading to an increase of flows Continue Reading
Another Bakken Shale crude oil pipeline is on the verge of potential closure as a series of governmental and court rulings have threatened the operation of existing pipeline systems. The Continue Reading
The number of rotary drilling rigs operating in the United States fell to 251 this week, Baker Hughes Co. reported Friday. The number of rotary drilling rigs operating in the Continue Reading
