Loss of value doesn’t mean the end of an industry. Just take a look at the late-1990s tech bubble. Nasdaq lost 75% of its value, but the number of internet users tripled. The same will be true of the oil business: Just because oil-company stocks are down doesn’t mean the world will stop using oil anytime soon.
Chuck Yates, Galactic Viceroy, Energy Analysis
2022-11-21 - Shares in Ranger Oil, which operates in the Eagle Ford Shale, jumped over 5% on Nov. 18 after Reuters reported the company’s sale efforts.
2022-11-22 - The water depth of around 1,300 m (4,300 ft) makes Irpa, previously known as Asterix, one of the deepest finds to be developed offshore Norway and the country’s fourth producing petroleum field north of the Arctic circle.
2022-09-21 - Two former top executives of CFE International awarded contracts to Texas-based WhiteWater Midstream for a pipeline and gas supply that saddled the company with hundreds of millions of dollars in damages, alleges a lawsuit.
2022-09-21 - TotalEnergies said in a statement it regretted the litigation, adding that it viewed its commitment to renewable energy and electricity as “a much more efficient response to the climate challenge than litigation.”
2022-10-18 - The discussions, which involve combining new releases from the stockpile and setting the schedule for buying the oil back, reflect the White House’s desire to combat rising pump prices without hurting domestic drillers or refiners.