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Tag Archives: oil and gas industry
Boulder Weekly “Frackademia” Investigation Reveals University of Colorado for Sale to Oil and Gas Industry
Boulder Weekly “Frackademia” Investigation Reveals University of Colorado for Sale to Oil and Gas Industry Boulder Weekly, a Boulder, Colorado alternative weekly newspaper, has published a 10,000 word ”frackademia” investigation in a special edition of the newspaper. The long-form investigation by Joel Dyer — based on thousands of documents obtained by Greenpeace USA — exposes the ongoing partnership between the University of Colorado-Boulder’s Leeds School of […]
The Default Next Move For Oil Is Down, And Here’s Why
The Default Next Move For Oil Is Down, And Here’s Why Panic seems like a strong word, but…. As traders, investors and pundits, we all like to think that what we do is akin to a science. We believe that by working harder and being smarter we can give ourselves an edge, that enough research […]
The Real Long Term Threat To The Oil & Gas Industry
The Real Long Term Threat To The Oil & Gas Industry As oil prices continue their downward slide, most investors and firms are understandably eyeing prices, revenues, and exploration costs nervously. All that makes sense, as there is a good chance some oil firms will face liquidity crunches and restructuring over the next year. In […]
New Records Show More US Involvement in Mexico Oil, Gas Privatization Efforts as Mexican Government Says “100%” Its Idea
New Records Show More US Involvement in Mexico Oil, Gas Privatization Efforts as Mexican Government Says “100%” Its Idea New records obtained by DeSmog shed further light on the role the U.S.government has played to help implement the privatization of Mexico’s oil and gas industry, opening it up to international firms beyond state-owned companyPEMEX (Petroleos Mexicanos). Obtained from […]
Big oil that’s making a killing: Don Pittis
Big oil that’s making a killing: Don Pittis Don’t weep for the “downstream” part of the oil business, it’s booming In business lore there is no better advice than “buy low, sell high.” As markets keep hitting new lows, that’s pretty hard for the average investor these days, but in parts of the oil business, it’s exactly […]
A True Jobs Massacre Spreads in US Oil & Gas
A True Jobs Massacre Spreads in US Oil & Gas It’s been tough for US oil companies. And even tougher for their investors. The hero du jour is Marathon Oil. Today afterhours it reported an eye-popping 48% plunge in revenues in the second quarter and a net loss of $386 million. To stem the bleeding, it slashed capital […]
Key Greenhouse Gas Study May Have “Systematically Understated” Methane Leaks, New Research Shows
Key Greenhouse Gas Study May Have “Systematically Understated” Methane Leaks, New Research Shows A widely cited study on the amount of methane leaking from oil and gas sites, including fracked wells, shows signs of a major flaw, a newly published peer-reviewed paper concludes. “The University of Texas reported on a campaign to measure methane emissions from […]
The Layoffs Return: Energy Giants Chevron, Saipem To Fire Over 10,000 Workers
The Layoffs Return: Energy Giants Chevron, Saipem To Fire Over 10,000 Workers In the beginning of 2015 the biggest threat to the economy as a result of the collapse in oil prices, both in the US and worldwide, was the surge in layoffs among highly-paid energy sector job. This was confirmed in April when we showed the […]
Texas Oil and Gas Production for April
Texas Oil and Gas Production for April The preliminary Texas RRC Production Data is out this morning. There appears to be a considerable drop in Texas crude oil production in April. All Texas RRC data in the charts below is through April 2015 and all EIA data is through March 2015. For those new to this site, the Texas […]
Another 4.4 Magnitude Industry Reported Quake in Alberta
Another 4.4 Magnitude Industry Reported Quake in Alberta Chevron shuts down operations following seismic event near Fox Creek. Chevron Canada has confirmed that “a magnitude 4.4 seismic event was recorded by seismic monitoring arrays operated by Chevron Canada and Natural Resources Canada” in the Duvernay shale near Fox Creek, Alberta on Saturday. It’s the second […]
“There Could Be Trouble” As US Fracking Revolution Prepares to Go Global
“There Could Be Trouble” As US Fracking Revolution Prepares to Go Global A new report showing the U.S. overtaking Russia as the leading producer of oil and gas in the world should put to rest any doubt that the fracking revolution that has occurred in the U.S. is for real, or as BP’s chief economist put it, “profound.” And now with the recent […]
Difficult to invest in green energy in Canada without Big Oil
Difficult to invest in green energy in Canada without Big Oil Divestiture movement continues as organizations clean carbon holdings from portfolios If you thought the divestiture movement was losing steam, Norway’s recent announcement shows there still is momentum around the world to stop investing in fossil fuels. The country has confirmed that its hefty $900-billion government pension fund, considered the largest sovereign wealth […]
Breaking: No Action Taken on a Proposal to Repeal Denton, Texas Fracking Ban
Breaking: No Action Taken on a Proposal to Repeal Denton, Texas Fracking Ban Denton’s city council decided not to vote on a repeal of the city’s fracking ban, after almost six hours of discussion on the topic at a public meeting last night. The vote to repeal the ban was called for shortly after Texas Governor Greg […]
Oil-price drop impact on Canada lessened thanks to foreign ownership
Oil-price drop impact on Canada lessened thanks to foreign ownership Finance department memo says foreign ownership of energy sector higher than reported by StatsCan Canada has been partly insulated from the sharp drop in oil prices because so much of the energy sector is foreign owned, says an internal Finance Canada document. The Feb. 20 […]
