“That’s the max,” chief executive Rick Muncrief told analysts today, citing the steep backwardation in the oil market due to uncertainty around the potential return of Iranian supplies as well as other factors. “That’s why […]
ENB Publishers Note: This is just one example of “Climate Investor Hypocrisy”. It seems that accountability is missing in almost all parts of ESG investing. A UN-backed green investment fund is on the brink of […]
Colgate Energy, a private equity-backed energy explorer in the Permian Basin that’s been preparing to go public, is also considering a sale after getting takeover interest, according to people familiar with the matter. The company […]
U.S. shale drillers will be eager to boost production as oil prices near $100 per barrel, but a looming frac sand shortage may stop them. Combined with rising labor costs, a potential trucker shortage, and […]
At the conclusion of COP26 in November, summit chairman Alok Sharma praised the “heroic efforts” by nations showing they can rise above their differences and unite to tackle climate change, an outcome he said “the […]
ConocoPhillips is supplying a Bitcoin mining project with natural gas from the Bakken shale of North Dakota in a first for a major U.S. producer. The gas supplied to the pilot project, owned and managed […]
There is a great chess match going on in eastern Europe. Putin is taking the opportunity of a lifetime to gain control of the Crimea peninsula from Kakhovka to Berdiansk. This extension to his Crimea […]
Oil drillers set to increase U.S. production in the coming years face considerable headwinds from labor shortages in America’s most prolific shale patch, according to industry consultants Evercore ISI. The Permian Basin straddling Texas and […]
Russian President Vladimir Putin reiterated on Feb. 15 after meeting German Chancellor Olaf Scholz that the Nord Stream 2 gas pipeline, which is still awaiting regulatory approval, is a “purely commercial” project which will strengthen […]
With crude prices at their highest levels in years, U.S. oil drillers are trying to boost output fast, but their efforts have been hit by a shortage of sand to use for fracking operations. Crude […]
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