Article Abstract: Falling Natural Gas Rigs Push US Rig Count Lower Last WeekMarket RealistAccording to oilfield service company Baker Hughes (BHI), there were 874 active oil and gas rigs in the United States in the week ended July 31, 2015. This is two fewer rigs than in the previous week, which ended July 24. Last…
Article Abstract: EOG Resources reports a better-than-expected adjusted quarterly profit as it successfully slashes well and transportation costs to offset plunging crude prices. from Rigzone.com: Latest News Headlines Click Here To Read Full Article Visit Rigzone.com: Latest News Headlines for more great articles.
Article Abstract: from Yahoo! Finance: Oil & Gas Drilling & Exploration Industry News Click Here To Read Full Article Visit Yahoo! Finance: Oil & Gas Drilling & Exploration Industry News for more great articles.
Article Abstract: Saudi Arabia has long enjoyed the status of being the top crude oil exporter in the world. With record production of 10.564 million barrels per day in June 2015, Saudi Arabia has been one of the major driving forces behind the current oil price slump. The Saudis have kept their production levels high…
Article Abstract: The largest natural gas producer in Africa is overhauling its laws in order to halt the decline of production, which has stagnated for more than a decade. Algeria is the continent’s largest natural gas producer and the second largest supplier of gas to Europe (Russia is the largest supplier). It is also the…
Article Abstract: As oil prices turn lower again, many companies in the oil patch face renewed danger of financial distress or even bankruptcy over the next couple of years. The oil market seems more chaotic than ever, and while OPEC meetings still make news, the reality is that the cartel is clearly losing some control…
Article Abstract: WTI Crude is back below $45 again this morning – pressing towards 2015 and cycle lows -after Goldman Sachs’ Jeffrey Currie warns ‘lower for longer’ is here to stay, with price risk "substantially skewed to the downside." His reasoning are manifold, as detailed below, but overarching is oversupply (Saudi Arabia has a challenge…
Article Abstract: On August 3rd President Obama made a speech* detailing his plans to decarbonize the US electrical power generation sector. While the legality of this move has been challenged in certain quarters, in this post I want to focus on the technical details and competence of the President and his advisors at the Environmental…
Article Abstract: Bill McKibben: Thursday, August 6, 2015 Shell Oil’s icebreaker Fennica is apparently on its way to the Arctic, ending a dramatic week-long siege that saw activists dangle from bridges and blockade the Portland harbor with kayaks, and a federal court threaten environmentalists with heavy fines. Amid the drama of the action, and the…
Article Abstract: by Paul Barrett: August 6, 2015: BLOOMBERG.COM Activists trying to stop Shell’s offshore oil drilling in the U.S.’s Arctic Ocean region invoke the interests of native Alaskans. “These communities depend on this environment for food and resources and have stewarded it for centuries,” Greenpeace says, as part of its “The People vs. Shell” campaign—what…