Hints and tips:
...Oil producers hedge prices in futures and other derivatives markets to guard against price drops and ensure they have cash to fund drilling, debt payments and other expenses....
...The UK Labour party has vowed a tougher stance on new oil and gas drilling if it wins power in elections next year, as polls suggest it would. Rivals such as Harbour are looking to diversify abroad....
...That cash flow is being ploughed into both drilling and carbon capture technology, including CO₂ sequestration facilities, transport pipelines and storage concentrated along the Gulf of Mexico coast....
...Despite soaring oil and gas prices, it seems energy companies are not drilling....
...Shale groups funnelled unprecedented amounts of cash back to shareholders in the forms of dividends and stock buybacks in 2022, responding to Wall Street demands after a decade of debt-fuelled drilling binges...
...Oil people like cash well enough — but they really like drilling wells....
...Analysts said the move could free Continental to do what public producers have for months been told by Wall Street not to: fire up drilling rigs to capitalise on a surge in oil prices to well above $100...
...The drilling programme could last until 2026 with the necessary regulatory approvals, the company said....
...Cost inflation stemming from supply chain and labour constraints are also deterring companies from more drilling....
...While the 2020 oil crash hit Occidental hard, forcing it to cut its dividend and rein in drilling plans, it has been one of the stars of the recovery, as months of capital discipline and rising oil prices...
...But even if a fund is heavy on tech, it’s still worth drilling down to see what sort of tech companies it holds. Take Liontrust Sustainable Future Global Growth, a UK-domiciled fund....
...Mining’s digital drill-downA group of investors is drilling digital disruption into the $1.6tn global mining industry....
...Chesapeake grew famous more than a decade ago as it spearheaded the shale revolution, amassing a huge drilling position through debt-fuelled acquisitions that for a while made the company the second-biggest...
...“We have advocated for industry consolidation as there are too many undersized and irrelevant companies drilling shale wells,” said Mark Viviano, head of public equities at Kimmeridge, which has built up...
...Biden officials said there was nothing stopping drillers from drilling. Both agreed on another guilty party: Wall Street....
Pipeline company bets on strong North American energy supplies despite drilling pullback
...Better known in the US for its petrol stations, offshore drilling and the Deepwater Horizon oil spill, BP last year pledged to begin reducing crude production, cutting emissions — including rampant flaring...
...But when the chief executive of a US oil drilling company was told by The North Face that he could not put his company’s logo on their jackets, he took the fight public in a passionate open letter defending...
...Houston’s Diamond Offshore Drilling filed for bankruptcy on Sunday with debts of more than $2.6bn, blaming the “unprecedented” impact of an oil price war and the coronavirus pandemic....
...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?...
...Job moves The head of oil group Equinor’s drilling operations Anders Opedal will take over as chief executive of the Norwegian company in November, replacing Eldar Saetre....
...(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...
...The rise was driven by more US shale drilling....
...Cornish Lithium has hit a rich vein of copper while drilling on a site near four historic copper and tin mines....
...While increased regulation around methane emissions and restrictions on new drilling on public lands (which account for a small percentage of the US total) are likely, there is no plan to “ban” fracking,...
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