The Oil Industry’s Radioactive Secret
“All oil-field workers are radiation workers.” That quote comes from a blockbuster investigation by Justin Nobel writing in Rolling Stone , who has spent more than a year and a Continue Reading
U.S., Canadian oil company bankruptcies surge 50% in 2019: report
The number of oil and gas company bankruptcies in the United States and Canada rose 50% in 2019 over the previous year, and is likely to increase as a slide Continue Reading
Drilling Productivity Report
The Drilling Productivity Report uses recent data on the total number of drilling rigs in operation along with estimates of drilling productivity and estimated changes in production from existing oil Continue Reading
US Shale Suffering From Sustained Contraction
U.S. shale oil fracking has already peaked and is in a period of sustained contraction, according to two major providers of services to the industry. That view from Halliburton Co. Continue Reading
EIA Sees Shale Production Rise By Another 22,000 bpd Next Month
Oil production in the seven most prolific shale plays in the United States is set to increase by 22,000 bpd in February to 9.2 million bpd, the Energy Information Administration Continue Reading
This Shale Giant Is Ready For A Rebound
Occidental Petroleum’s (NYSE:OXY) management has been pummeled since the deal with Anadarko Petroleum was announced last spring. Investors and stock analysts alike decried the purchase as being a “value destroyer,” Continue Reading
Oil Rig Count Rises For The First Time In 4 Weeks
Oil bulls will get no help this week before the week’s end, with Baker Hughes reporting that the number of oil and gas rigs in the US increased this week, Continue Reading
Why Oilfield Service Giants Are Dumping Assets
The three biggest oilfield service providers have all announced asset sales as they adapt to an environment featuring laxer demand for their services, Reuters reports . Halliburton is selling its Continue Reading
US Oil Production To Grow While Energy Emissions Are Set To Drop
While U.S. crude oil production is set to continue to rise, energy-related carbon dioxide (CO2) emissions in America are expected to have dropped last year and to continue falling through Continue Reading
Anticipating a slowdown in the US oil patch, Schlumberger charts new course
Forecasting a significant contraction in North American oil and gas activity for 2020, Schlumberger Friday unveiled a 2020 strategy focused on expanding margins by shrinking its less profitable business lines. Continue Reading