Oil and gas sector shows recovery in second quarter led by private companies, higher prices Energize Weekly, September 22, 2021 The U.S. onshore oil and gas industry saw the beginnings of a rebound in the second quarter of 2021 buoyed by strong commodity prices, strategic mergers, and increased efficiency, according to a market report by…
U.S. shale sector rebounds in 2021 on higher oil prices and market discipline Energize Weekly, August 25, 2021 After years of red ink and a string of bankruptcies, the U.S. shale oil sector is staging a rebound, buoyed by higher oil prices and continued financial discipline, according to analyses by industry consultant Rystad Energy. The…
Oil industry mergers and acquisitions bounce back in the second quarter of 2021 Energize Weekly, July 21, 2021 Mergers and acquisitions among oil and gas producers rebounded in the second quarter of 2021 with more than 40 deals totaling $33 billion, with seven deals each worth more than $1 billion, according to industry consultant Enverus.…
Baker Hughes Tallies More Drilling Rigs July 10, 2021 The overall U.S. rotary rig count increased by four to 479 drilling units this week, Baker Hughes Co. (NYSE: BKR) reported Friday. Read more
U.S. shale oil companies keeping production and budgets tight 2021 and beyond Energize Weekly, June 9, 2021 U.S. shale drillers are continuing to limit production and spending with the return to pre-pandemic levels years off, according to Oslo-based energy analyst Rystad Energy. Oil output is projected to drop 5.2 percent, about 211,000 barrels a day, compared…
Oil and gas market rebound underpinned by market discipline at home and abroad Energize Weekly, May 26, 2021 Oil and natural gas have seen a rebound in 2021 but those gains are delicately balanced on market discipline in both global and domestic markets, according to an assessment by industry analyst Enverus. “Everyone needs to be…
Rising natural gas prices boost coal production and summer coal-fired generation Energize Weekly, May 19, 2021 A steady rise in natural gas prices since the start of 2021 has given the U.S. coal industry a boost as electric utilities, the nation’s prime coal consumer, are set to switch to coal-fired generation this summer. The federal…
Global energy demand is forecast to rebound in 2021, IEA says Energize Weekly, April 28, 2021 Global energy production and demand is set to rebound from their pandemic doldrums in 2021with energy consumption up 4.6 percent, according to the International Energy Agency (IEA). The agency said in its annual Global Energy Review that government stimulus…
Cost of winterizing Texas electricity grid worth the expense, Dallas Federal Reserve says Energize Weekly, April 21, 2021 The cost of weatherizing the Texas electric power system – which faced a major collapse during a February freeze – could run into hundreds of millions of dollars, but the expense would be worth it, according to…
Energize Weekly, March 31, 2021 U.S. onshore oil and gas drilling showed signs of recovery in the fourth quarter of 2020 and the first few months of 2021 – sparked by a rebound in oil prices and strong activity among private companies, according to a Colorado School of Mines report. Among the signs of the…
Energize Weekly, February 24, 2021 The near collapse of Texas’ electric grid was caused in the main by a failure of the natural gas system from the wellhead to pipeline to gas turbine, according to an analysis by the International Energy Agency (IEA). “Texas has a power shortage because it has a gas shortage,” the…
Energize Weekly, February 17, 2021 European oil companies are continuing their push to reorient and rebrand themselves as comprehensive energy companies and not just producers of oil and natural gas. On Feb. 9, French oil company Total announced it was changing its name to TotalEnergies to reflect a broader strategy of developing renewable energy and…
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