Hints and tips:
...This week’s news from Biden on drilling indicates the green direction of his administration. So, as the boom intensifies, two key questions arise. Can financiers avoid another bubble?...
...Shale deposits require a lot of drilling rigs to keep production growing: after the initial rush of oil, shale wells quickly taper off. So traders keep a close eye on the number of active oil rigs....
...The continued weakness in the oil price curtailed drilling activity in US shale, but producers insist they are adapting quickly to the new market conditions....
...However, last week Shell confirmed plans to drill this summer in the Chukchi Sea north of Alaska....
...The time will come when Eagle Ford and Bakken are in decline, as the North Sea and the North Slope of Alaska are today....
...At least another $6bn in debt offerings from companies such as US home-improvement retailer Lowe’s and Nabors Industries, a Bermuda-based land drilling contractor, took place on Wednesday....
...(Financial Times) Shell faces probe over Alaska accident, when a drilling rig that had been working for Royal Dutch Shell in the Arctic ran aground off Alaska on New Year’s eve 2012....
...The proposed Alaska LNG project has blue-chip backers in Exxon, ConocoPhillips and BP....
...Nabors Industries, a supplier of drilling rigs, has caved in to pressure from Calpers and other pension funds to reduce the pay of chief executive Anthony Petrello....
...Among the biggest decliners on the day, land drilling contractor Nabors Industries fell 3.7 per cent to $15.62 as investors ditched shares in companies tied to the manufacturing sector....
...Nabors Industries , the land drilling contractor, declined 4.7 per cent to $13.85 after its shares were downgraded by analysts at Jefferies....
...The company, which started trying to drill off Alaska in 2007, was unable to complete any exploration wells in the 2012 summer drilling season because of regulatory delays....
...Nabors Industries , the land drilling company, declined 3.6 per cent to $16.25....
...There is stranded gas in many parts of the world, from Alaska to the Eastern Mediterranean....
...To varying degrees, similar ideas are being discussed across the Americas, from Alaska to Argentina....
...(Financial Times) Shell has to provide more information before resuming Arctic drilling: Company “will need to provide more detailed plans before it can make another attempt to drill off the coast of Alaska...
...Nabors Industries was among the leading risers in the sector group as the oil and gas land drilling contractor that operates in the US and Canada climbed 2.6 per cent to $13.47....
...Nabors Industries fell 5.4 per cent to $14.26 as the land drilling contractor also saw investors dump its shares....
...Alaska was Shell’s response to those concerns....
...Opec has made it clear it is watching the US oil boom with apprehension, and rightly so: it is the greatest threat to the cartel’s power since the fields of Alaska and the North Sea were opened up in the...
...Nabors , the land drilling contractor, was down 5.3 per cent to $17.79 as the company said it would sell $800m in non-core assets to raise funds....
...The 81-year-old Mr Isenberg had been chief executive and chairman of Nabors since 1987, taking the company from a small Alaska-based operator to the world’s largest provider of land and platform drilling...
...The 81-year-old has been chairman and chief executive of Nabors since 1987, taking the company from a small Alaska-based operator to the world’s largest provider of land and platform drilling contract services...
...Sabine Pass, on the Gulf of Mexico coast straddling the Texas-Louisiana border, will cost $10bn and is the first LNG export facility in the “lower 48” states, those excluding Alaska and Hawaii....
...A rash of joint venture deals announced between US explorers and foreign companies provided more evidence of rising prices for drilling rights in booming shale plays....
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