(Bloomberg) – Shale operators are drilling wells faster than they’re fracking them.
Oil companies added to the number of drilled-but-uncompleted wells, known as the fracklog, last month for the first time in more than a year, according to …
In 2003, the late author and investment banker Matther Simmons predicted that with “certainty,” by 2005 the U.S. would enter a long-term natural gas crisis for which the only solution was “to pray.” T. Boone Pickens and a …
(WO) – SeismicAI joined The Petroleum Alliance of Oklahoma in order to facilitate the implementation of innovative EEW advanced technology in the oil and gas industry. Additionally, SeismicAI is working with the Oklahoma Geological Survey to apply the …
Fracking can go ahead in England, the government said on Thursday, lifting a ban on the controversial process. A moratorium was put in place in 2019 following concerns over earth tremors. But with the energy crisis worsening globally and …
(Bloomberg) — New British Prime Minister Liz Truss removed a ban on drilling for shale gas, an effort to boost domestic energy supply that will have to overcome the same obstacles that stymied the industry for the past …
(Bloomberg) — Bumping along the desolate highways of the Permian Basin, the world’s busiest oil field, there are long stretches where all you see are drilling rigs, sage brush and miles upon miles of sand. That’s why it’s …
(Bloomberg) — Liberty Oilfield Services Inc. posted its best quarterly sales since going public more than four years ago as the global energy crisis spurs a boom in demand for fracing.
The second-biggest provider of frac work in …
(Bloomberg) — Shale explorers in the Permian Basin chewed further into their supply of ready-made wells for a 20th straight month, leaving the smallest inventory of low-cost wells in the biggest U.S. oil field in more than half …
Australia’s Santos Ltd. is locked in a dispute with ConocoPhillips over road access in Alaska, potentially holding up a $3 billion oil project, according to letters from both companies to the U.S. state’s government.
The dispute could also …
HOUSTON (Bloomberg) –Shale-oil companies are using almost all of the frac equipment and crews available as exploration expands, accelerating cost inflation and pointing to worsening supply-chain disruptions across the industry.
North American oil drillers appear likely to expand …
MOSCOW – Russian Deputy Prime Minister Alexander Novak said on Thursday that the European Union’s plans to impose carbon emission costs on imports of goods may clash with the global trade rules and threaten the safety of energy supplies.
Calfrac Announces 2021 Capital Program CALGARY, AB , Dec. 7, 2020 /CNW/…
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Investors sell off and take profits from a historically strong November. Major indices down overalls with tech stocks turning green rolling into the end of the session.
Market sentiment took a hit
Half day for traders leads to small rally in the equities markets, with each major indice up over 0.25%. On Thanksgiving Day, online sales rose to a record $5.1 billion, according to Adobe Analytics.
If U.S. President-elect Joe Biden tries to restrict development of oil and gas drilling on federal lands, the American Petroleum Institute (API) will use “every tool at its disposal” including legal action, chief executive Mike Sommers said in an …
Energy News Beat #167: 11/25/2020
Slow day in the markets (50% drop in volume) leads to a slumping of major indices as traders (who are still trading…) react to not ideal unemployment data. The 30-stock Dow slid 136 points,
30,000 DOW JONES!!!!!!!! Pour the champagne, crack that beer its all time highs amid surging cases in COVID-19, but markets enjoy positive bullish vaccine and easing of worries of a transfer of power issues
Stocks up higher after yet another positive vaccine announcement, this time from AstraZeneca and Oxford. The Dow Jones traded 218 points higher, or 0.5%. The S&P 500 gained 0.3%
On Monday, Goldman
Flat day for the markets as both bears and bull hold market in check with major indices holding flat for the day. On Thursday, over 180,000 confirmed cases of COVID-19 were recorded, bring the new 7-day average up over 160,000,
Pullback day for the market fresh off all time highs, traders used today to collect some profits, with major indices slumping. $ES roll flat while $NQ trades slightly in the green after Amazon launch pharmacy business
Pullback day for the market fresh off all time highs, traders used today to collect some profits, with major indices slumping. $ES roll flat while $NQ trades slightly in the green after Amazon launch pharmacy business
More positive vaccine news, this time from Moderna, lift markets green and sending energy stocks soaring. The Dow Jones Industrial Average added 356 points, or 1.2%, and reached an intraday record. The S&P 500 rose 0.8% and the Nasdaq Composite
Market sentiment back bullish as traders eye these new vaccines as a way to curb what are now rising COVID-19 in the US. “This week’s positive vaccine news is a game-changer in our view, as it allows the market to
Stocks turn red amid rising COVID-19 cases, with Wednesday breaking a new record with over 140,000 confirmed cases. On the data front, initial weekly jobless claims fell last week to 709,000 from 757,000 in the prior week, the Labor Department
Tech stocks lead the way today as investor buy back shares of larger tech companies dragged down by the recent news of a coming vaccine. Apple gained 3%. Netflix climbed 1.1%. Facebook and Amazon rose 1.1% and 3%, respectively. Alphabet
Rotations happening among the major indices as Dow Jones (composite of the top 30 capitalized companies) gains over 1% while other indices drop, with large losses in NQ, down over .5%
Amazon
Stock up HUGE amid Pfizer and BioNTech announcing a vaccine for COVID19 that is 90% effective. Major indices hit all time highs, notably the S&P 500 and Dow Jones, NQ finishes flat (Zoom down BIG) as the pullback from the
Stock up HUGE amid Pfizer and BioNTech announcing a vaccine for COVID19 that is 90% effective. Major indices hit all time highs, notably the S&P 500 and Dow Jones, NQ finishes flat (Zoom down BIG) as the pullback from the
