The 60-day suspension on approvals is necessary for a “targeted and time-limited” review of recent decisions, the US Interior Department’s acting secretary Scott de la Vega said in an order signed yesterday. The freeze will […]
Energy News Beat Publishers Note: DRW has a reputation for speaking his mind. Sometimes people don’t like to hear the opposing side if it does not match their beliefs, or their miss information. We like […]
London — ExxonMobil is in talks to sell its UK North Sea assets to Norwegian investor HitecVision, the companies said Jan. 21, after HitecVision was previously instrumental in ExxonMobil’s exit from Norway. In separate statements, the […]
DBJ – Extraction Oil & Gas named a new CEO and revealed a new board of directors as it emerged from Chapter 11 bankruptcy Wednesday, completing six months of restructuring. Industry veteran Tom Tyree, who had […]
More than 100 oil and gas companies declared bankruptcy in 2020 after the coronavirus pandemic plunged the energy sector into the worst downturn in a generation. Forty-six exploration and production companies and 61 oil-field service […]
Abstract The recent and dramatic decline in the price of oil illustrates the risk every oil and gas producer faces with energy commodity price volatility. Although depressed prices forced operators to shut-in production to save […]
BHP said on Wednesday in its half-year operational review that the Broadside-1 exploration well, located in Block 3 some 150 kilometres from land, did not encounter hydrocarbons. According to the company, BHP reached the main […]
Energy News Beat Publishers Note: DRW has the #Technical Tuesday right on the money. There are some great nuggets in this article. “The magnitude of shareholder value destruction at Ovintiv demands a sense of urgency […]
Markets price in larger stimulus amid changing administration and bank earnings coming in higher than expected. The Dow Jones Industrial Average rose 150 points, or 0.5%. The S&P 500 gained 0.7%, led by communication services, […]
ADNOC Group has merged its downstream unit with its trading arm, creating the Downstream Industry, Marketing & Trading Directorate. When revealing the news, ADNOC said that the new unit would be “a critical enabler of […]
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