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April 16, 2019

Bill Introduced in Congress Would Permanently Ban Offshore Leasing on the Atlantic and Pacific Coasts

April 16, 2019

From Workboat –  Workboat Staff In late March, Rep. Joe Cunningham, D-S.C., introduced the Coastal and Marine Economies Protection Act, bipartisan legislation that would permanently ban oil and gas leasing off the coasts of the Pacific and Atlantic. The bill would amend the Outer Continental Shelf Lands Act to prohibit the secretary of the Interior from including in any leasing program certain

Houston energy co. cuts jobs, closing headquarters after bankruptcy auction -oilandgas360

Investors Handed an Oilman a ‘Blank Check’ Company. Here’s How It Turned Out.

April 16, 2019

From The Wall Street Journal Two years ago, investors handed veteran oilman Jim Hackett a $1 billion check and sent him to seek riches in shale drilling. Today, the company he founded with their money, Alta Mesa Resources Inc., has a market value of about $43 million and is teetering on financial ruin—one of the more spectacular failures met chasing the

Iran Is Peddling a Million Barrels of Oil Again. No One Wants It

April 16, 2019

From Bloomberg An Iranian exchange has offered investors as much as 6 million barrels of oil so far this year. Only a single deal closed, for the minimum 35,000 barrels. Iran’s oil production and exports have slumped after the U.S. reinstated sanctions last year, and new curbs are set to further restrict its exports. Exemptions for importing countries including Japan,

Oil and Gas 360 - Helmerich & Payne: Flex, Automation and Super-Spec Aim to Drive Working Rig Count into High-200s

Chevron Mega-Deal Highlights the Revival of American Energy

April 16, 2019

From Bloomberg For all the ink spilled over climate change and the global energy transition, the world’s biggest energy companies are focusing on where it all began: American oil. Chevron Corp.’s $33 billion acquisition of Anadarko Petroleum Corp., announced Friday, will make the U.S. company the largest producer in the dusty plains of the Permian Basin by giving it control of an

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