Offshore drilling contractor Ocean Rig UDW Inc. filed for bankruptcy protection in the U.S. to block distressed debt investors from interfering with a debt restructuring that will slash $3.7 billion Continue Reading
Notwithstanding that oil demand has increased for over 150 years, it will eventually stop increasing. If oil demand were to reach an actual peak, then the top might be easier Continue Reading
Royal Dutch Shell Plc ( RDSa.L ) and Anadarko Petroleum Corp ( APC.N ) may let a 10-year joint venture in the oil-rich Permian Basin of Texas expire and split Continue Reading
A pump jack and pipes are seen on an oil field near Bakersfield on a foggy day, California January 18, 2015. A small group of U.S. oil producers has been Continue Reading
US independent oil companies have used derivatives to protect much more of their expected revenues against a fall in crude prices than they had a year ago, helping them sustain Continue Reading
Royal Dutch Shell Plc ( RDSa.L ) and Anadarko Petroleum Corp ( APC.N ) may let a 10-year joint venture in the oil-rich Permian Basin of Texas expire and split Continue Reading
OPEC’s worries about the booming U.S. oil production have increased significantly with the big three oil companies’ interest in shale. Exxon Mobil Corp., Royal Dutch Shell Plc, and Chevron Corp., Continue Reading
In the late 1980s, some people in the oil industry were said to have bumper stickers reading, “God give me one more boom and I promise not to mess it Continue Reading
In a previous post on US LTO future output there were suggestions that a bottom up approach might be better than the top down approach and I agree. I will Continue Reading
Oil prices are heading down again on swelling U.S. crude oil inventories, with Brent dropping below $50 per barrel for the first time this year. The OPEC deal that has Continue Reading
