ENB Pub Note: Sources; Bloomberg, CNBC, Reuters, EDGAR. An interesting week coming around the corner. Tax Credits and investor sentiment drive decisions to invest in renewable energy rather than increase drilling programs. The short answer […]
Offshore drilling contractor Transocean has seen its total backlog reach $7.3 billion after adding approximately $1.6 billion of new fixtures to it. The company has issued an update in its Fleet Status Report, showing more […]
Capital investment in renewables is set to reach nearly $500 billion in 2022. This year could be the first year that renewable investment overtakes upstream oil and gas investment. The break-even time on renewable energy […]
Exxon Mobil (NYSE:XOM) said Monday it has left Russia completely after Vladimir Putin expropriated its properties following seven months of discussions over an orderly transfer of its 30% stake in the Sakhalin-1 oil and gas […]
Oil output in the Permian in Texas and New Mexico, the biggest U.S. shale oil basin, is forecast to rise by about 50,000 barrels per day (bpd) to a record 5.453 million bpd in November, […]
After remaining relatively flat in recent weeks, the US rig count took a sharp jump in mid-October, posting its fourth gain in the last five weeks. In the weekly rig count it has released since […]
Investors will avoid the oil patch, we were told, until they become convinced that E&Ps are serious about financial discipline. And they did, until they became convinced. Now, they’re back—big time. An array of factors, […]
HIGHLIGHTS NOG closed its previously announced $110 million acquisition of non-operated Midland Basin properties on October 3, 2022 Management will recommend that the Board of Directors approve a 20% increase to NOG’s quarterly common stock […]
After the Norwegian Government increased readiness on the Norwegian continental shelf, the Norwegian Armed Forces enhanced its presence, and soldiers were placed on oil and gas facilities. The Norwegian Armed Forces said they were present […]
The Permian Basin is among the most important energy-producing regions in the world. About 72 percent of Texas oil production and 46 percent of Texas natural gas production occurs there, and the area is a […]
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