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BPX Amps Up Permian, Plans $1.7 Billion Spend in US this Year
2022-08-09 - BPX Energy President Jack Collins said the company is planning to power 95% of its Permian Basin operations with electricity this year and is drilling an exploratory well for its carbon capture business.
Market Watchers: The Narrative Shifts; The Industry Responds
2022-06-24 - We entered 2022 with the view that E&P spending would grow in the mid-teens year-over-year. This is now likely closer to 20%, according to James West, senior managing director at Evercore, in a market outlook exclusive to Oil and Gas Investor.
Schlumberger Lifts Revenue Forecast as Oilfield Activity Picks Up
2022-07-22 - Schlumberger CEO Olivier Le Peuch credited the company's increased annual revenue forecast to accelerated investments in international markets and an uptick in offshore business.
Facing Record Inflation, Biden Takes Aims at Exxon Mobil, Other Oil Companies
2022-06-10 - “Exxon made more money than God this year,” Biden said in a speech to dockworkers and union representatives at the Port of Los Angeles. U.S. oil companies are not using profits to drill more but to buy back stock, he added.
Hedge Fund Elliott Chases Oil and Gas Deals, Bucking Wall Street
2022-06-01 - Each shale basin has different economics, but were oil prices to remain above $100/bbl, investment bankers estimate that Elliott could score investment gains of more than 80%.