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 […]
Halliburton Co on Tuesday predicted a recovery in the global oil and gas industry from the second quarter after the oilfield services provider beat profit estimates on cost cuts and modest gains in activity following […]
Because of its long-standing position as the biggest member of the “Big Oil” club, ExxonMobil XOM -4.8% is a company many love to hate. So, stories about ExxonMobil’s woes generate a lot of schadenfreude, and hence a lot […]
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 […]
Transition documents suggest president-elect Joe Biden plans to block the Keystone XL pipeline on his first day in the White House. The documents, seen by The Canadian Press, include a to-do list dated Wednesday that […]
The tender is seeking cargoes delivered 1-10 April to the Paradip terminal on the eastern coast of India and includes various grades from North America, Latin America, west Africa and the Mideast Gulf. US crude […]
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 […]
WASHINGTON, D.C. – The U.S. Department of Energy’s Office of Fossil Energy announced plans to make $160 million in federal funding available to help recalibrate the Nation’s vast fossil-fuel and power infrastructure for decarbonized energy and […]
Southern California is again facing the threat of wildfires, with high winds forecast to rake the parched region into next week. The dry and windy conditions prompted utility Southern California Edison to warn nearly 25,000 Los Angeles-area […]
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