Hints and tips:
...Analysts will be watching shale companies’ drilling plans this earnings season for signs of a renewed focus on growth....
...Nato is holding Baltops 22, a maritime training exercise in the Baltic, and US and Swedish troops are drilling on the island....
...They are also clearly more comfortable with drilling than renewables: Shell’s 2021 capital expenditure strategy called for putting $2bn-$3bn into renewables and $12bn in oil and gas....
...The transaction is part of a Greek government initiative, known as the Hercules Asset Protection Scheme, to clean up bank balance sheets and remove up to €30bn of bad loans dating back to the financial crisis...
..., a Denver-based drilling company....
...The oil company has tapped debt markets, launched an initial public offering for its retail arm and brought international investors into its drilling, refining and trading businesses....
...“There is only so much drilling you can put up with. The very rich just sit on their big boats.”...
...(NYT) Oilfield blues Drilling rigs that supported the local economy in west Texas — including barbers earning $180,000 per year — are now sitting untouched after the spread of Covid-19 caused demand to...
...EP Energy, whose drilling activities are focused on Texas and Utah, had been acquired by an investor group led by Apollo in 2012 for $7.2bn....
...“As [drilling] activity [from other oil companies] increases, this can probably happen again. It sets a precedent,” he said....
...Paragon did so in 2016; while Hercules Offshore did so twice — both in 2015 and 2016. Between June 2014 and January 2016, Brent crude fell more than 70 per cent to below $30 a barrel....
...(FT) Drilling down The Permian Basin straddling Texas and New Mexico has made the surrounding areas attractive locations for those chasing the US oil boom, and this time they think it will last....
...It flourished in the early days of the US shale drilling surge as domestic crude supplies rose and a ban on exports “kept shale oil production trapped in the US and enabled refineries to get their hands...
...Many observers in the industry believe Saudi Arabia is pumping close to the maximum level it can without spending hundreds of millions of dollars on further drilling of its fields....
...Energy companies are increasingly looking to use the type of analytics often employed by companies such as Google and Amazon for consumer data across their operations, from boosting the performance of drilling...
...Hercules and Paragon have both filed for bankruptcy while there are signs of consolidation among the remaining operators....
...Other rig operators, such as Hercules (twice) and Paragon, have managed to enter and exit bankruptcy protection relatively quickly. Surely Seadrill can do as well? Think again....
...share price of $100 — said the move also underscored that other top-tier exploration and production companies have alternatives for their capital rather than pursuing a “one-sided strategy” of “merely drilling...
...However, Rice was still outspending its operating cash flows on drilling and completing new wells. It does not expect to be able to cover those costs from its own cash flows until 2019....
...Coty shares popped in extended trading after the S&P Dow Jones Indices said the company would replace Diamond Offshore Drilling on the S&P 500....
...Other distressed rig companies, such as Hercules Offshore and Paragon, are similarly “adjusting” their costs....
...Investors are now drilling into their portfolios to better understand how a company’s revenues derive from fossil fuels and whether some of their earnings are linked to activities designed to mitigate climate...
...The industrial equipment maker has been buffeted by its exposure to the North American oil and gas sector, where drilling activity is down due to the collapse in crude prices....
...One lucky bargain hunter was able to pick up a flatbed truck for moving drilling rigs — worth about $400,000 new — for just $65,000....
...bases for most of our rated issuers to decline due to hedges rolling off this year, futures prices that are below many bank borrowing base prices and lack of reserve replacement as result of a decline in drilling...
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