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...American Express Global Business Travel has agreed to buy rival CWT for $570mn in a bet on the continued recovery of business travel....
...Welcome back to Energy Source, where our first item today is a dispatch from Fort Berthold, a prolific oil-producing tribal territory in North Dakota’s Bakken shale....
...North Dakota oil boomtown on the comeback trail Matthew Rocco in new york Between the energy price crash and the pandemic, the oil boomtown of Williston, North Dakota, hit a particularly rough patch early...
...About 10 per cent of Tallgrass Energy’s $868.5m in 2019 revenue came from Continental Resources, the largest oil producer in the Bakken shale region of North Dakota and Montana, whose shares were down 47...
...European negotiators privately express frustration with their seemingly “random interlocutors” in Washington....
...In 2016, Citadel took over a portfolio of western US gas pipeline capacity from WPX Energy, a shale oil and gas producer....
...In North Dakota’s Bakken formation, the second-biggest shale oil region, flaring rates are even higher....
...Yet, divesting from oil stocks may have the undesirable effect of transferring ownership to investors who will pollute more. The solution is to invest and engage....
...Because no crude oil pipelines connect to the east coast, PES spent $130m to build a railway yard able to receive four oil trains a day from the Bakken oil formation in North Dakota, part of $900m invested...
...Concho Resources, a US oil and gas producer, agreed to buy rival RSP Permian for $9.5bn including debt and CME Group, the Chicago exchange, agreed to buy Nex Group, in a deal that valued the UK group at...
...This prompted Nordea, the Scandinavian asset manager, to ban its portfolio managers from investing in the companies constructing the pipeline, which will transport oil from the Bakken oilfields of North...
...US refineries unexpectedly reduced their operating capacities, suggesting weakening demand for oil....
...The only company Fitch identified as showing warning indications in all three of those areas is Kodiak Oil and Gas, a producer in the Bakken shale of North Dakota, which has already accepted a takeover offer...
...Production of tight oil in places such as North Dakota’s Bakken shale has increased so fast that it has reversed the decades-long decline in US oil output, reducing America’s reliance on oil imports and...
...The executives started Freepoint with the express aim of reinventing Sempra....
...Hess is one of the most active companies in the Bakken shale of North Dakota, the heart of the new US oil boom, but for a long time its shares did not reflect the strength of that position, falling over...
...The effect has been particularly marked, according to Jonathan Garrett, an upstream analyst at Wood Mackenzie, the energy consultancy, for producers of oil from the vast Bakken Shale in North Dakota and...
...It plans to focus on oil and gas production in a few areas, including the Bakken shale of North Dakota, and the deep water of the Gulf of Mexico, Ghana and Malaysia....
...Elliott’s five nominees include Harvey Golub, the former chief executive of American Express, and Rodney Chase, a former deputy chief executive of BP....
...- The ripple effects of the Bakken oil boom....
...It is also one of the leading producers in the Bakken shale of North Dakota, the heart of the US oil boom, but its share price performance has lagged behind far behind other companies active in the region...
...However, Neil Beveridge and colleagues at Bernstein Research have been sceptical about the predicted shale oil boom for some time, as highlighted in their note about the Bakken shale formation in Montana...
...BNSF, the second-largest North American railway by revenues, announced last week that customer investments had increased its capacity to 1m barrels per day to move oil from the Bakken Shale formation in...
...Nearly 150 years later, parts of North Dakota around the Bakken Shale formation – a vast, oil-bearing geological formation in North Dakota, South Dakota, Montana and Saskatchewan – are boom towns again....
...patent infringement tria From The Mail on Sunday, Broker Views: - Yule Catto & Co Plc: Numis Securities Ltd maintained its “Buy” rating on the stock, with a target price of 233.00p - Premier Oil...
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