Home » Posts tagged 'oil and gas industry' (Page 5)
Tag Archives: oil and gas industry
Low prices batter oil industry (and later the rest of us)
Low prices batter oil industry (and later the rest of us) It is a sign of the times that the largest oil company in the world, Saudi Aramco, the state oil company of the Kingdom of Saudi Arabia, must borrow money to pay its shareholder dividend. I have written about the twice-delayed and often troubled initial public […]
What Oil Companies Face: The WTF-Collapse of Consumption of Gasoline & Jet Fuel from Long-Term Weakness
What Oil Companies Face: The WTF-Collapse of Consumption of Gasoline & Jet Fuel from Long-Term Weakness Transportation fuel demand rose to where it had been in … 1997. While the overall S&P 500 Index is down 2.7% in October, about flat for the three-month period, and up 2.8% for the year, the S&P 500 Energy […]
US Oil’s Merger Mania Won’t End Well For Energy
US Oil’s Merger Mania Won’t End Well For Energy The long-awaited shale patch consolidation has arrived, sparking another bout of merger mania in the energy industry. It’s reminiscent of the one in the late 1990s, just as the Internet bubble was exploding. But don’t expect the stocks to rally this time. Parallels between tech in […]
US Expands Nord Stream 2 Sanctions As Germany Vows Pipeline Completion “Not If, But When”
US Expands Nord Stream 2 Sanctions As Germany Vows Pipeline Completion “Not If, But When” Secretary of State Mike Pompeo has long vowed he’ll “do everything” to stop Nord Stream 2, last month indicating the US is building a coalition of countries to fight against it, given Washington sees it as a massive compromise to Russia, giving it […]
The Great American Oil & Gas Massacre: Bankruptcies Hit New Milestone as Bigger Companies Let Go
The Great American Oil & Gas Massacre: Bankruptcies Hit New Milestone as Bigger Companies Let Go The American Oil Boom Was Where Money Went to Die. The amount of secured and unsecured debts, such as loans and bonds, listed in bankruptcy filings in the third quarter by US oil and gas companies, at $34 billion, […]
Leaked Document Reveals Exxon’s Plan To Increase Emissions As Energy Space Prepares For Decarbonization
Leaked Document Reveals Exxon’s Plan To Increase Emissions As Energy Space Prepares For Decarbonization As oil majors prioritize their own decarbonization goals, an internal document viewed by Bloomberg reveals Exxon Mobil Corp. is planning to increase annual carbon-dioxide emissions output by as much as a small country like Greece. Exxon is one of the biggest corporate emitters of greenhouse gasses […]
The US Oil and Gas Industry’s Methane Problem Is Catching up With It
The US Oil and Gas Industry’s Methane Problem Is Catching up With It For years, the oil and gas industry has been able to downplay, or outright ignore, the problem of methane. Methane is an invisible gas, and lax state and federal regulations in the U.S. have allowed oil and gas producers to self-report how much of this potent […]
Africa Is The Undeniable Final Frontier For Oil
Africa Is The Undeniable Final Frontier For Oil The pandemic has been devastating for the oil industry globally. Explorers suspended drilling, producers, idled wells, Big Oil majors put up assets for sale. But the world continues to need oil, albeit lower amounts of it than a year ago, and it will continue to need it. […]
Delaware Just Sued 30 Fossil Fuel Companies and the American Petroleum Institute Over Climate ‘Denial and Disinformation’
Delaware Just Sued 30 Fossil Fuel Companies and the American Petroleum Institute Over Climate ‘Denial and Disinformation’ Delaware, the home state of Democratic presidential candidate Joe Biden, announced on Thursday, September 10 that it is taking dozens of major oil and gas companies including BP, Chevron, and ExxonMobil to court over the rising costs of climate impacts […]
The End of Oil is Near, or Maybe Not
The End of Oil is Near, or Maybe Not The cover of the September/October 2020 issue of Sierra magazine states “The End of Oil is Near”. The corresponding story “The End of Oil?” was paralleled with a recent segment on Democracy Now. I think that is wishful thinking. To the extent that oil demand goes down […]
Thousands of Quakes, Tied to Fracking, Keep Shaking the Site C Dam Region
Thousands of Quakes, Tied to Fracking, Keep Shaking the Site C Dam Region Several recent reports on the tremors add to concerns about the mega-project’s stability. An artist’s rendering of the Site C Dam upon completion, a vision of the future rattled by thousands of tremors in the region triggered by fracking. Image via BC Hydro. […]
Coastal GasLink Gets Green Light to Start Pipeline Work Near Unist’ot’en Healing Centre
Coastal GasLink Gets Green Light to Start Pipeline Work Near Unist’ot’en Healing Centre BC approves impact studies and calls for consultation with Wet’suwet’en as work proceeds in contested area. The province’s Environmental Assessment Office has granted Coastal GasLink permission to begin pipeline construction near the Unist’ot’en Healing Centre, the scene of a standoff and arrests in February. […]
As Trump Leaves Permian Oilfield, Industry Insiders Question If 2020 Bust Marks Texas Oil’s Last Big Boom
As Trump Leaves Permian Oilfield, Industry Insiders Question If 2020 Bust Marks Texas Oil’s Last Big Boom Yesterday, President Trump left Midland, Texas, after arriving in the state’s Permian oilfield region for a $2,800 a plate luncheon and a “roundtable” that required each participant to pony up $100,000. The west Texas Mr. Trump left behind bears little resemblance […]
Fort Nelson’s Gas Boom Went Bust. Who’s Going to Clean Up?
Fort Nelson’s Gas Boom Went Bust. Who’s Going to Clean Up? Ottawa has announced money to clean up the oil and gas industry’s old wells and infrastructure, but critics say it’s not enough. In the face of the economic fallout from COVID-19, it’s easy to forget that some communities in British Columbia were in deep […]
