Forty years ago, George Mitchell proved the Barnett Shale can produce gas, kicking off the shale revolution. What’s happening in the play now, under new owners?
With heightening employment cyclicality and layoffs challenging the industry’s reputation as a reliable employer, workforce and business transformation have become a strategic imperative.
The age of the driller is over, industry expert Chuck Yates says, and the oil and gas companies that outperform going forward will be valued on different metrics.
The oil and gas industry urgently adapted and responded to the double black swan events of 2020—the COVID-19-induced global demand destruction and the OPEC+-driven supply glut, but it must also mobilize as fervently to the third black swan of 2020, the ESG directive.
The oil and gas industry was not sunk, but 2020 did damage that will take time to assess before deeming it as salvageable or a wreck.
Several people involved in valuing the Exxon Permian Basin asset during an internal assessment in 2019 said employees were being forced to use unrealistic assumptions, according to a report from the Wall Street Journal.
Despite their rise across many sectors—including oil and gas—to simplify the connection between service providers and hiring firms, pre-qualifying company procedures have become too cumbersome, says CanQualify’s COO, Aaron Harker.
Total’s departure will mark the first major energy company to quit API, which is the largest U.S. oil and gas lobby and the primary trade group for the industry.
No date has yet been set for the negotiations, which will be led by a government-appointed mediator.
Chevron and San Jose-based Blue Planet also signed a letter of intent to collaborate on potential pilot projects and commercial development in some geographies.
U.S. shale producers that are hedging are likely locking in about 15% to 20% of production at a time, said Tom Petrie, chairman at energy investment bank Petrie Partners.
As well completions companies gear up for a new year following unprecedented times in the oil patch, analysts and industry executives shed light on the path ahead. Is this beleaguered sector regaining strength or just powering through?
The contract awarded to Equinor to provide generation capacity to New York with renewable power is set to position the Empire State as an offshore wind industry hub.
The Trump administration had added China's oil giant CNOOC to a blacklist of alleged Chinese military companies in early December.