J.P. Morgan Sounds Fresh Warning on Energy Losses
J.P. Morgan Chase & Co. expects to further build reserves related to potential energy losses in the first quarter as the prolonged decline in oil prices continues to hit U.S. Continue Reading
In Florida, an Unlikely Battle Over Fracking Intensifies
With geology akin to a wet sponge and fragile underground aquifers that supply almost all its drinking water, Florida has never been considered part of the agitated battle over fracking Continue Reading
OPEC Unsure How It Can ‘Live Together’ With Shale Oil
Production freeze will be re-evaluated after 3-4 months OPEC and U.S. shale may need a relationship counselor. After first ignoring it, later worrying about it and ultimately launching a price Continue Reading
IHS CERAWeek: US shale oil poised for new renaissance: IEA’s Birol
Faced with declining prices and a global supply glut, US light tight oil production is expected to fall by 800,000 b/d through 2017, but US shale is poised for another Continue Reading
US shale oil output rise set to fill cutback by Opec, says official
A senior Opec official on Monday highlighted the likelihood that a reduction in the oil cartel’s production would be filled by an increase in US shale oil output. The comments Continue Reading
Oil Mergers Hindered by Heavy Debt, Occidental Boss Says
Oil and natural gas drillers are reluctant to acquire rivals pummeled by the worst market collapse since the 1980s because of huge debt burdens that would become payable upon takeover, Continue Reading
Shale Fightback Seen Lifting US Oil Output To Record High By 2021
Oil production in the United States will reach a record high by 2021 as efficiency gains help domestic producers to combat the low prices that are likely to force hefty Continue Reading
North Dakota rig count testing new bottom
Exploration and production activity in North Dakota continued testing new lows as the rig count dropped 7 percent from last week, state data show. State data show 38 rigs in Continue Reading
Shale fightback seen lifting U.S. oil output to record high by 2021
Oil production in the United States will reach a record high by 2021 as efficiency gains help domestic producers to combat the low prices that are likely to force hefty Continue Reading
As U.S. shale sinks, pipeline fight sends woes downstream
Within weeks, two low-profile legal disputes may determine whether an unprecedented wave of bankruptcies expected to hit U.S. oil and gas producers this year will imperil the $500 billion pipeline Continue Reading