Investors Unconvinced By Halliburton’s Shale Optimism
Halliburton said that the market for oilfield services had reached a bottom and was poised for a rebound, a statement that initially led to a jump in its share price. Continue Reading
Is the Permian Played Out?
Regina Mayor, global sector head of energy and natural resources for KPMG, gives her view on the Permian. The Permian is not played out, according to Regina Mayor, global sector Continue Reading
Chevron and Exxon Say They Can Turn Around the Failed Finances of Fracking Industry
After a decade of the American fracking industry burning through hundreds of billions of dollars more than it earned, this industry previously dominated by shale drilling specialists is entering a Continue Reading
SHALE STOCK LOSES 99% OF ITS VALUE: Investor Warning For The Future Of The Industry?
If you think the carnage taking place in the shale oil companies is nearly over, you couldn’t be more wrong. I believe the bloodbath in the shale oil stocks has Continue Reading
The Largely Ignored Problem Of Global Peak Oil Will Seriously Hit In A Few Years
The era of oil is coming to an end, with global oil production set to halve in the next five to six years. To avoid a global economic slump, the Continue Reading
Smaller players step in to build out Permian crude gathering and trunk line infrastructure
Two new projects to enhance the local Permian crude gathering and trunk line infrastructure were announced earlier this week, which could help bolster Permian crude prices by expanding takeaway capacity. Continue Reading
US Gulf Imports Nosedive After Chemical Fire, Reduced Iraqi Shipments
Crude shipments from Iraq plummeted and congestion plagued a main waterway weeks after a fire and chemical spill at the Intercontinental Terminals Co. tank farm. (Bloomberg) — The U.S. Gulf Continue Reading
U.S. oil drillers cut rigs for first week in three: Baker Hughes
U.S. energy firms this week reduced the number of oil rigs operating for the first time in three weeks as production growth forecasts from shale, the country’s largest oil fields, Continue Reading
Schlumberger says US shale boom slowing
Investment in the US shale oil industry continues to fall, production growth is slowing and the balance of spending is shifting to other parts of the world, the oilfield services Continue Reading
Sharp Drop In U.S. Rig Count Marks First Yearly Loss Since 2016
The the number of active oil and gas rigs fell sharply in the United States this week according to Baker Hughes, bringing the overall rig count below year-ago levels in Continue Reading