US shale oil producers are in line to suffer more than USD 10 billion in derivative hedging losses this year if oil prices remain around $100 per barrel, Rystad Energy research shows. Many shale operators […]
Mergers and acquisitions (M&A) deal activity in the oil and gas industry witnessed a decline in terms of value in Q1 2022, despite favourable production economics, according to GlobalData. The data and analytics company notes […]
Global upstream merger and acquisition (M&A) deals rebounded to pre-COVID-19 levels in 2021, reaching a total of USD 181 billion, a 70% increase over 2020, Rystad Energy research shows. The total deal value for 2021 […]
Halliburton Company and VoltaGrid LLC have announced the first successful deployment of an advanced electric fracturing solution. This project is the first pad in a multi-year contract with Chesapeake Energy Corporation with more than 140 […]
As Chapter 11 filings by US E&Ps continue to pile up, onshore oil production from companies that filed for bankruptcy in the last 2 years is set to decrease by about 25% by the end […]
Shale operators slashed their planned capital expenditure (capex) for 2020 to account for the oil price crash, which inevitably led to decline in drilling and completion activity in the Eagle Ford play. Hence, crude oil […]
Global shale production has taken a drastic hit in 2020, where shale oil is expected to drop by 11.7% year-on-year and shale gas production may see a 4.5% fall, according to projections by GlobalData, a […]
Gross gas production in Pennsylvania and the Permian Basin probably hit all-time highs in August, a Rystad Energy data analysis shows, pushing up total US output and helping reverse a decline in the first half […]
Integrated oil and gas companies (IOCs) have acted decisively to conserve cash faced with the double blow of the economic crisis and collapse in oil prices in March and April, says Scope Ratings, a credit […]
Several large and small independent US oil and gas producers have filed for bankruptcy this year as their debt burden peaked and hopes of cash flow recovery plunged due to the downturn caused by the […]
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