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 […]
The share of gross gas output that is flared at the wellhead in the US’ prolific Permian Basin has plummeted to a modern Shale-era record low, a Rystad Energy report shows, with an analysis of preliminary data […]
Halliburton has announced that it has delivered the first electric grid-powered fracturing operation in the Permian basin as the industry explores different ways to reduce carbon emissions. Since November, the company has performed the work […]
Many nations that intend to become self-sufficient with regard to their hydrocarbon needs oftentimes lowball the terms and conditions they offer to prospective investors. This is fairly logical, high-risk spots must be attractive enough and […]
CAPP attributed the expected increase in investment to COVID-19 vaccines being rolled out globally, which will revive economic activity and energy demand, and government support for Canada’s oil and gas sector Alberta, – Capital investment in Canada‘s upstream […]
ENB Publishers Note: Do we see $54? Two touches, but no continuation move through. If we can get a bullish rig report, look out for a a break of that resistance line. New York — Crude […]
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