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.
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.
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.
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.
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%.