BHP Hires Barclays To Divest US Shale Gas Assets, Sources Say
BHP Billiton has hired Barclays to divest its U.S. Fayetteville shale gas assets as the miner seeks to fend off an attack by activist funds, two sources close to the matter said May 23.
Oilfield Automation: How E&Ps Stay Profitable At Stagnant Oil Prices
Whether ‘lower for longer,’ ‘lower forever’ or the ‘new normal,’ oil prices in the $50 range require E&Ps to rethink how to do business.
BHP Billiton's Fayetteville Shale Gas Assets For Sale
BHP first tried to sell the Fayetteville assets more than two years ago, having made the shale gas investment in 2011 before writing it down by $2.8 billion a year later after gas prices dropped.
For US E&Ps, Is Recovery A Slow And Steady Circle?
Some E&Ps are ramping up production, spending more, ignoring balance sheet repair and continuing to get rock bottom prices from oilfield service companies. Can the recovery handle it?
Less Exploration Spend, Falling Reserves Could Mean Supply Shortfall
The head of the world’s largest oilfield service company says the world could face a medium-term supply deficit given today’s reserves depletion rate and falling exploration spending.
Trump To Sign New Executive Orders On Environment, Energy
Trump this week will sign new executive orders, including two on energy and the environment, which would make it easier for the U.S. to develop energy on and offshore, a White House official said April 23.
Halliburton Reports Smaller Quarterly Loss
Net loss attributable to Halliburton narrowed to $32 million, or 4 cents per share, in the first quarter ended March 31, from $2.41 billion, or $2.81 per share, a year earlier.
Early Data: Sabine LNG Exports Are Swing Cargoes In Global Markets
Analysis from Haynes and Boone, Poten & Partners indicates positive signs for North American industry.
North America, Technology Lift Schlumberger To Profit
North America revenue grew by 6% to $1.9 billion, while international revenue dropped by 7% to about $4.9 billion compared with the previous quarter.
US-Mexico Natgas Pipeline Exports Fall While LNG Deliveries Rise
U.S. natural gas pipeline exports to Mexico fell to their lowest level since June 2015, while the first tankers from the United States started delivering LNG to Mexico's Gulf Coast.