Industry Trends
News
February 11, 2022
Baker Hughes rig count released Friday shows the United States has added 22 rigs since last week, bringing its total count to 635. Compared to a record low of 244 in August 2020, the rig count is up 160%.
News
February 11, 2022
BP Plc, Shell Plc, TotalEnergies SE, Exxon Mobil Corp. and Chevron Corp. just generated the highest free cash flow since the start of 2008.
News
February 10, 2022
TotalEnergies SE promised to increase its dividend and buy back more shares after posting a record fourth-quarter profit.
News
February 09, 2022
A recent GlobalData report shows a 77% increase in contract value but a 14% decrease in the number of contacts.
News
February 03, 2022
Shell Plc’s sale of a multibillion-dollar stake in a joint venture that operates oil fields in Nigeria has attracted bids from four local companies, according to people familiar with the negotiations.
News
February 03, 2022
Shell Plc expanded its share buybacks after reporting profit that blew past analyst estimates on the back of surging energy prices.
News
February 02, 2022
Tamarack Valley Energy Ltd. sold a sustainability-linked bond, the first such sale by an oil and gas driller in North America, according to an underwriter of the offering.
News
February 02, 2022
OPEC and its allies agreed to make another modest output increase in March, sticking to their plan even as the failure of several members to deliver the scheduled monthly supply hikes stokes a rally in crude prices.
News
February 01, 2022
Exxon Mobil Corp. will accelerate the pace of a $10 billion share buyback after posting the biggest profit in almost eight years amid a broad rally in energy prices.
News
January 31, 2022
Exxon Mobil Corp. will relocate its corporate headquarters to the Houston area from suburban Dallas and combine its chemical and refining divisions in a major shake-up aimed at reducing costs.
News
January 28, 2022
Triple-digit oil prices are possible in the next few months as geopolitical risks and “struggling” supply hit global crude markets, said Chevron Corp.’s top executive.
News
January 27, 2022
The Texas oil and gas exploration and production economy enjoyed a year of recovery in 2021 on the heels of nearly two years of contraction, according to the Texas Alliance of Energy Producers’ Texas Petro Index.
Article
January 2022
Underinvestment—a good strategy?
News
January 25, 2022
Chesapeake Energy Corp. agreed to buy closely held Chief E&D Holdings LP and associated assets held by affiliates of Tug Hill Inc. for about $2.6 billion in cash and stock, marking its second multi-billion-dollar acquisition since emerging from bankruptcy last year.
News
January 25, 2022
The Iranian nuclear talks could hardly be more critical for oil traders. Crude prices have surged 10% this year to around $85 a barrel, with many analysts predicting it’s only a matter of time before they hit triple digits for the first time in eight years.
News
January 24, 2022
Saudi Aramco said demand for oil is nearing pre-Covid levels and reiterated that producers globally are investing too little in supply.
News
January 24, 2022
The European Commission has been told by a key expert group that planned adjustments to its green rulebook risk raising greenhouse gas emissions and undermining the bloc’s reputation as a bastion for environmentally friendly finance.
News
January 21, 2022
Oil and gas drilling is big business once again, if the leap in demand for services from Baker Hughes Co., the world’s No. 2 oilfield contractor, is any gauge.
News
January 21, 2022
Schlumberger is gearing up for growth around the world as the No. 1 oilfield contractor expects recovering economies to ignite several years of crude-demand expansion.
News
January 21, 2022
Last year’s blistering rally in natural gas and oil prices pushed mergers and acquisitions in the sector to a three-year high with no slowdown in sight, according to consultant Rystad Energy AS.
