A glitch interrupted the first-ever U.S. livestream of an oil lease sale on Wednesday, and although it didn’t affect the bidding, this epic fail provided just the right metaphor to Continue Reading
Oil prices are mired in their worst slump in decades, but you wouldn’t know it in West Texas, where a land grab has energized an otherwise dormant market and sent Continue Reading
More than $11 billion of transactions were announced in July Sellers and buyers now finding consensus on asset valuations Multibillion-dollar oil and gas deals are back on the table. More Continue Reading
Energy company said to work with Citigroup on asset sales Deals pick up as companies raise cash for drilling, debt Sanchez Energy Corp. is seeking buyers for some of its Continue Reading
Despite tough industry conditions, bidding that emerged in the latest lease shows the U.S. Gulf of Mexico remains good energy acreage, the government said. Only three companies emerged with bids Continue Reading
An advocacy group called on the U.S. government to enact further restrictions on Atlantic Ocean energy work, citing seismic threats to marine animals. Oceana published new mapping data in coordination Continue Reading
Eagle Ford rig Most companies have struggled to come to grips with the 2014 crude price crash by curbing investments and delaying projects. The top developers in the Eagle Ford Continue Reading
It’s possible that OPEC is crying wolf with hints of an output freeze next month in Algiers; but it’s also possible that they are ramping up production to take the Continue Reading
Reports first-ever half year loss at 7.74 billion yuan Total output slips more than 5% from second half of 2015 Cnooc Ltd. posted its first-ever half-year loss as crude’s plunge Continue Reading
The number of U.S. oil drilling rigs fell by 158 from early December to mid-March… The return of oil prices to about $50 a barrel presents a test for an Continue Reading
