After a state appeals court blocked Kern County’s supervisors effort to speed up new oil and gas drilling, officials overseeing the state’s prime oil patch have revised an ordinance that could permit tens of thousands of new wells over the next 15 years. The Kern County Board of Supervisors is poised to vote Monday on […]
The world’s largest oil companies are set for a cash flow bonanza this year, probably at record levels, as massive cost cuts in the wake of the 2020 oil price and oil demand collapse have significantly lowered the corporate cash flow breakevens for many firms. After posting record losses in 2020, a year which company […]
⚠️ IMPORTANT LEGAL DISCLAIMER: The information provided on this page is for general informational purposes only and does not constitute legal, financial, or investment advice. Oil and gas laws, mineral rights regulations, and royalty structures vary significantly by state and jurisdiction. While we strive to provide accurate and up-to-date information, no guarantee is made to […]
“The decade of geothermal” is a phrase that is becoming increasingly common in media and energy industry gatherings. This is as the international zero-emission comes into place. It includes one of the most fascinating and clean ways of extracting energy from the earth. It is through geothermal power. Let’s talk more about abandoned oil wells […]
The restart of Shell’s Deer Park refinery in Texas could take until April, Reuters has reported, citing unnamed sources familiar with the issue. A spokesman for the company told Reuters no timeline has been set for the refinery’s return to normal operation. Shell shut down the two crude processing units at the 318,000-bpd refinery in […]
⚠️ IMPORTANT LEGAL DISCLAIMER: The information provided on this page is for general informational purposes only and does not constitute legal, financial, or investment advice. Oil and gas laws, mineral rights regulations, and royalty structures vary significantly by state and jurisdiction. While we strive to provide accurate and up-to-date information, no guarantee is made to […]
Goldman Sachs had a forecast and is now even more bullish on oil. It is expecting Brent Crude prices to hit $75 a barrel in the third quarter this year. On the back of faster market rebalancing, the lower expectation on inventories and traders is still hedging against inflation. The investment bank’s analysts forecast Brent […]
The world’s top oil exporter, Saudi Arabia, raised on Thursday the prices of all its crude oil that will go to the United States and Europe in March while leaving unchanged the official selling prices of its crude to its key market in Asia. The Saudi state oil giant Aramco raised the prices of all […]
⚠️ IMPORTANT LEGAL DISCLAIMER: The information provided on this page is for general informational purposes only and does not constitute legal, financial, or investment advice. Oil and gas laws, mineral rights regulations, and royalty structures vary significantly by state and jurisdiction. While we strive to provide accurate and up-to-date information, no guarantee is made to […]
A New Oil Supercycle Is Beginning? The world’s biggest names in oil trading and analyzing can’t seem to get on the same page when it comes to predicting what will happen next for the volatile commodity. Some, like Jeffrey Currie of Goldman Sachs and Christyan Malek of JPMorgan, according to the Financial Times, are confident […]
