March Non-OPEC Production Slides
Below are a number of oil (C + C ) production charts for Non-OPEC countries created from data provided by the EIA’s International Energy Statistics and updated to March 2020. Continue Reading
Oil production not significantly impacted post-bankruptcy of US E&P companies
The combination of the oil price collapse and the coronavirus pandemic has decimated the industry in the first half of 2020 to a level where Exploration & Production (E&P) and Continue Reading
Suit: North Dakota refinery developer owes workers wages
Some current and former employees of a company developing an oil refinery near Theodore Roosevelt National Park in North Dakota filed a lawsuit claiming they are owed wages and bonuses. Continue Reading
Another Major Bakken Pipeline Forced To Halt Operations
The high-profile case of the Dakota Access oil pipeline ordered shut earlier this month has overshadowed another legal dispute over a smaller pipeline carrying crude out of the Bakken shale Continue Reading
Study Envisions Up to 120,000 Well Reclamation Jobs
Orphaned and abandoned wells are those whose owners are unknown or insolvent. A federal program to plug nearly half a million orphaned and abandoned oil and gas wells could create Continue Reading
Shale Patch’s Usual Post-Merger Giddiness Is Nowhere to Be Found
The usual post-merger giddiness that abounds after a multibillion-dollar oil deal is noticeably absent in the wake of Chevron Corp.’s $5 billion takeover bid for Noble Energy Inc. With Chevron agreeing Continue Reading
Stirring in the oil patch, Chevron buys Noble for $5 billion
Chevron will take over Noble Energy for $5 billion in the first big deal announced since the coronavirus pandemic shook the energy sector. Chevron has been shopping for assets since Continue Reading
Chevron’s $5 Billion Takeover Adds Key Shale And Offshore Assets
Chevron has decided to acquire Noble Energy in a $5 billion deal , expanding its footprint in U.S. shale and in the Eastern Mediterranean. The acquisition is the first major Continue Reading
U.S. Fracking Services Pioneer Files For Bankruptcy
The low oil prices and drastically reduced fracking activity in North America claimed another victim as oilfield services provider BJ Services filed on Monday for Chapter 11 bankruptcy protection. Texas-based Continue Reading
Bakken Pipeline Closure Signals Shale’s Woes
Earlier this month, a federal judge stunned the U.S. energy sector with an order to shut down the Dakota Access pipeline. Environmentalists hailed it as the first time a fully Continue Reading