Tag: oil

October 23, 2020

At a time when deal activity in the energy and natural resources sector has slowed dramatically—down 26.2% globally year-on-year—one development in particular may define the industry’s near-term future. In mid-May 2020, French oil major Total opted not to pursue a […]

October 21, 2020

57 CEOs and associations representing the European gas sector sent a letter on 19 October calling on the EU institutions to ensure that EU financial mechanisms recognize gas as an indispensable part of the energy transition towards a carbon neutral […]

October 15, 2020

Golden Oil Co., a company offering wholesale distribution of petroleum and petroleum products, will open a two-story Amoco fuel station and convenience store in East Somers, Wisconsin. The new location is scheduled to open in March 2021 and will also […]

October 14, 2020

The IEA’s latest World Energy Outlook has been released and at a ‘mere’ 464 pages, did not crash the internet. (When I was a boy, we would say its release meant the death of many trees for the printing.) As […]

September 29, 2020

As the presidential election approaches, I am increasingly seeing claims that President Trump put the U.S. back on top as the world’s leading oil producer. So, let’s take a closer look. Here is a 2013 article from the Daily Mail […]

September 10, 2020

At a campaign event in Jupiter, Florida on Tuesday, President Donald Trump signed an executive order that didn’t garner a lot of media attention. The President ordered his Department of Interior (DOI) to extend the moratoria that currently exist on […]

September 4, 2020

Who says it’s all doom and gloom in the oilfield services sector? Sure, U.S. drilling and fracking activity remain near all-time lows, and the sector is drowning in red ink after a brutal second quarter, but as Baron Rothschild once […]

September 2, 2020

This article contains still images from the interactive dashboards available in the original blog post. To follow the instructions in this article, please use the interactive dashboards. Furthermore, they allow you to uncover other insights as well. These interactive presentations […]

August 18, 2020

After the oil industry’s worst quarter in history, companies are taking a variety of approaches towards their finances, and getting a variety of advice and criticism from the pundits and media. Saudi Aramco’s decision to maintain its dividend has been […]

August 17, 2020

This article contains still images from the interactive dashboards available in the original blog post. To follow the instructions in this article, please use the interactive dashboards. Furthermore, they allow you to uncover other insights as well. Visit ShaleProfile blog […]

August 12, 2020

The coronavirus pandemic has exposed some hard truths to the world’s largest oil and gas majors, energy analysts have told CNBC, with many reeling after historic second-quarter losses laid bare the financial frailty of the industry. “Big Oil” companies, referring […]

August 4, 2020

BP’s eagerness to sell its Alaskan business reflects a broader shift. According to The Economist, the oil industry faces a basic problem. If the price of Brent crude, the global benchmark, surpassed $100 a barrel, about 90% of the world’s […]

July 29, 2020

Oil prices rose on Wednesday after an industry report showed that crude inventories in the United States fell against expectations, giving the market a boost amid record increases of coronavirus infections in the U.S. and elsewhere. Brent crude futures were […]

July 7, 2020

HOUSTON, July 7, 2020 /PRNewswire/ — PATTERSON-UTI ENERGY, INC. (NASDAQ: PTEN) today reported that for the month of June 2020, the Company had an average of 65 drilling rigs operating. For the three months ended June 30, 2020, the Company […]

July 1, 2020

Oil prices registered their best quarterly performance in 30 years during the three months through to the end of June, staging a dramatic comeback after falling to record lows in April. Brent crude futures skyrocketed more than 80% in the […]