Saturday, April 18, 2026
Exxon May Crush Bailout Hopes for Suffering Fracking Companies -Fig 1 -oilandgas360

Exxon May Crush Bailout Hopes for Suffering Fracking Companies

DESMOG Oil & Gas 360 Publishers Note: Justin Mikulka has written an outstanding opinion piece of current issues surrounding the oil companies dire straights. The key takeaway:” “What happens?” Sheffield said. “As you know there’s about 74 public independents, there’s only gonna be about 10 left at the end of 2021 that have decent balance sheets. The rest are going

Nigeria likely to suffer $15.4bn loss in crude oil earnings -oilandgas360

Nigeria likely to suffer $15.4bn loss in crude oil earnings

Energy Mix Report Nigeria and other African economies are projected to record substantial revenue losses, particularly from the oil and gas sector, as the devastating effects of the Coronavirus pandemic continues its devastating toll on the various economies. Giving the projection in a statement on the risks of the pandemic to the continent’s economies, Africa Energy Chamber, quoted the Atlantic

Exploration firm Block Energy agrees to acquire Schlumberger subsidiary -oilandgas360

Exploration firm Block Energy agrees to acquire Schlumberger subsidiary

Offshore Technology   Oil and gas exploration firm Block Energy has reached a sale and purchase agreement for a Schlumberger subsidiary. The oilfield services giant owns Schlumberger Rustaveli Company Limited (SRCL), which in turn holds three production sharing contracts (PSCs). Of these, Block Energy will buy Block XIB and Block IX licenses in Georgia. These areas are currently in the production and