$10 Trillion Investment Needed To Avoid Massive Oil Price Spike
OPEC says that $10 trillion worth of investment will need to flow into oil and gas through 2040 in order to meet the world’s energy needs. The OPEC published its Continue Reading
Energy Megadeals Were Scarce in 2015
U.S. oil and gas companies are selling assets and acreage piecemeal as they jockey to survive a downturn in energy prices, and the trend for small transactions looks likely to Continue Reading
Oil Slump Threatens $125 Million in North Dakota Property Debt
The plunge in oil prices may jeopardize almost $125 million of securitized loans backed by real estate in North Dakota, as drillers in the state scale back operations, Morningstar Credit Continue Reading
The stunning scope of the world’s refugee crisis
One out of every 122 people alive today is someone who, at some point, was forced to leave his or her home. If you totaled up all these people, they Continue Reading
Not Even OPEC Can Fix Oil Glut
Surprisingly strong crude output in the U.S. and Mideast over the past year pushed oil prices to their lowest levels in more than a decade. But for investors trying to Continue Reading
Not Such Great Expectations: Energy Insiders Contemplate 2016
Rigzone surveys oil and gas experts on a variety of issues expected to confront the industry during the next 12 months. As we move toward the conclusion of a difficult Continue Reading
Douglas-Westwood Provides Outlook for Offshore Industry in 2016
Douglas-Westwood, an energy business strategy, research and commercial due diligence services company, provided Monday an outlook for the offshore oil and gas industry in 2016 following a year-long downturn. This Continue Reading
North Dakota rig count hits new low
The number of rigs actively exploring for or producing oil or natural gas in North Dakota is at a historic low, state data for Monday show. Data from the North Continue Reading
Oil slump weighing on housing markets in Texas, North Dakota
There’s a dark side to those delightfully low gas prices: Housing markets are slumping in communities that were recently flush from the U.S. shale oil fracking boom. Home sales are Continue Reading
Snow slows truck traffic in Permian, some crude output hit
A snowstorm dumped around two feet (60 cm) of snow in parts of the Permian Basin in West Texas and New Mexico over the weekend, crimping some crude output and Continue Reading