Oil and gas companies active in the Gulf of Mexico have shut in almost 58 percent of oil production on Monday as two tropical storms threaten operations. Oil and gas companies active in the Gulf of Mexico have shut in almost 58 percent of oil production and 44.6 percent of gas production as a hurricane […]
The double negatives of a demand-culling pandemic and wildly declining sentiment trouncing the oil and gas. It is also pushing companies to record lows, with $30 billion in collective debt, trying to pick a winner in this sector is growing more challenging by the day. Oil boom is really coming. On the demand front, the […]
A growing number of oil and gas companies are looking to measure and reduce their carbon emissions under increased pressure from shareholders to join the fight against climate change – and the result is that the tech industry is starting to get into the oil and gas game. A growing number of technology companies – […]
Bank of America expects oil prices to recover to $60 a barrel for Brent crude in the first half of next year thanks to shrinking global inventories and prices improving faster than previously expected. “Back in June, we upped our oil price forecasts by $5 per barrel (/bbl) and argued that Brent would average $43/bbl […]
The market is beginning to give credence to something we’ve been discussing in past years concerning the increasing oil price. In a June 2020 article entitled, Underinvestment Could Send Oil Prices Soaring, I argued how the retrenchment and lack of capital investment the industry has seen over the past five years would lead to shortages […]
The U.S. Environmental Protection Agency (EPA) expects to finalize and sign this week new rules about methane emissions for the oil and gas sector, including putting an end to requirements that companies have systems in place to detect methane leaks, senior administration officials told The Wall Street Journal. The EPA has proposed updating the Obama […]
In oil and gas leases, there are two commonly confusing designations for measuring different things. Both net mineral acre and net royalty acre is an important part of an oil and gas lease. If you are thinking about leasing your mineral rights, knowing the definition and difference between these two terms is important in fully […]
The oil and gas industry is one of the most powerful financial sectors in the world, critical to global and national economies. Above all, this industry is a valuable target for adversaries. Therefore for those who are seeking to exploit Industrial Control Systems (ICS) vulnerabilities. That is why defending the oil and gas industry should […]
It’s no secret: oil and gas royalties are a great way to generate financial income if you own mineral rights. Whenever an oil and gas lease is signed and operations begin, mineral rights owners can gain mineral interests as a portion of the sale of resources extracted from their property. Depending on the contract (and […]
Gas utility company Southern California Gas Co is suing the California Energy Commission. It is over the state’s climate policy and attempts to phase out natural gas as a source of heating and cooking. Southern California Gas Co, owned by Sempra Energy, is trying to shield itself from policy actions. This could ban the hook-up […]
