Increased scrutiny over the environmental impact of natural gas—a key source of methane, which is a much more harmful greenhouse gas than carbon dioxide—has some industry analysts questioning the long-term prospects of global gas demand in the energy transition. Big Oil has bet big on natural gas developments in the past decade, expecting incessant growth […]
Last year is the lowest spending on new field developments in 30 years. The offshore oil and gas sector is set to increase capital expenditures significantly. Upstream oil & gas spending will to surge to around US$44 billion this year. This is in comparison to just US$12.3 billion. It is worth of engineering, procurement, and […]
⚠️ 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 […]
Judging by the first 3 months of 2021 it seems that this year has gone off to a wrong start. Instead of economic rebounds, we face the third rendition of a market slump. Nevertheless, 2021 will become much more prolific in oil discoveries than 2020. Many of the wildcats initially planned for 2020 were moved […]
⚠️ 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 […]
Oil production from the seven largest U.S. shale regions is set to decline by 46,000 barrels per day (bpd) in April, but output in the biggest and most prolific basin, the Permian, is expected to eke out a production gain next month, EIA data showed. According to the EIA’s Drilling Productivity Report, shale production is […]
According to a World Bank report, 3 billion tons of metals and minerals is the requirement for the energy transition. Demand for some of these, such as copper, lithium, cobalt, and graphite. According to the same report, it is set to increase 500 percent by 2050. Copper which is the market for some of them […]
⚠️ 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 […]
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 […]
