BHP’s escape from its ugly shale investment looks better by the day, given the turmoil lashing the sector. But that pain may help BHP’s remaining…
View More Why shale pain is still shaping BHP’s futureMonth: July 2020
BHP Overstayed in Petroleum. Time to Exit
BHP Group’s future can do without hydrocarbons.The world’s largest digger is among the last heavyweights to mix mines with a significant presence in oil, a combination that…
View More BHP Overstayed in Petroleum. Time to ExitChevron’s $5 Billion Takeover Adds Key Shale And Offshore Assets
U.S. oil major Chevron bought Houston-based Noble Energy in a $5 billion all-stock deal in what marks the first big deal after the COVID-19 pandemic…
View More Chevron’s $5 Billion Takeover Adds Key Shale And Offshore AssetsBHP dodges the write-down bullet striking its oil and gas rivals
It seems BHP has separated from the pack and will be the only major player that won’t impair its assets in response to the flagging…
View More BHP dodges the write-down bullet striking its oil and gas rivalsOil And Gas Drilling Set For A Multi-Decade Low In 2020
The COVID-19 pandemic has stymied oil and gas activity, causing global oil and gas drilling activity to fall to a more than 20-year low in…
View More Oil And Gas Drilling Set For A Multi-Decade Low In 20202020 oil, gas drilling set for at least a 20-year low
The number of drilled wells globally is expected to reach around 55,350 this year, said Rystad Energy, the lowest level since at least the beginning…
View More 2020 oil, gas drilling set for at least a 20-year lowOil rises as economic data overshadows coronavirus worries
Oil prices edged higher on Tuesday as the U.S. government forecast higher fuel demand and lower production, overshadowing concerns that a surge in new coronavirus…
View More Oil rises as economic data overshadows coronavirus worriesOil prices slide as spike in U.S. coronavirus cases casts gloom over fuel demand prospects
Oil prices fell on Tuesday amid concerns that a surge in new coronavirus cases, especially in the United States, will hamper any recovery in fuel…
View More Oil prices slide as spike in U.S. coronavirus cases casts gloom over fuel demand prospectsUSO: Oil Prices Will Be Lower Forever
Australia, at around 75 … plus surviving other shale, will keep U.S. production near 10mbd. When combined with flat to falling oil demand, where’s the…
View More USO: Oil Prices Will Be Lower ForeverBig Oil’s Nightmare Is Coming True
Royal Dutch Shell has followed BP in massively cutting the value of its oil and gas assets, a signal that we are likely to see…
View More Big Oil’s Nightmare Is Coming True