Occidental Petroleum likely will receive a downgraded investment rating if it wins the bidding war against the much larger Chevron to acquire Anadarko Petroleum, Moody’s…
Natural gas fracking fleet : A look at Liberty Oilfield
Despite facing a challenging market, we are proud to have delivered a sequential 13% increase in revenue to $535 million and adjusted EBITDA increase of…
US rig count declining this year, positive cash flows increase
The first factor I want to look at is the curious case of the US rig count decline, even as oil prices have seen a…
Cramer Hating on Buffet? Calls the Berkshire, Occidental’s Deal ill-advised
Occidental revealed this week that Berkshire has committed to invest $10 billion in the company to help fund its proposed acquisition of Anadarko. Berkshire would…
How much oil does Venezuela have?
The proven oil reserves in Venezuela are recognized as the largest in the world, totaling 300 billion barrels Venezuela’s crude oil is very heavy, and as a result, much…
GE’s Baker Hughes reports First Quarter, shares fall
Baker Hughes, a GE company Announces First Quarter 2019 Results Orders of $5.7 billion for the quarter, down 17% sequentially and up 9% year-over-year Revenue…
Politicians demand investigation into high gas prices?
As lieutenant governor, Gavin Newsom supported a 2017 bill increasing the state’s gas taxes. When running for governor in 2018, he opposed a ballot initiative…
A criminal case was opened over premeditated contamination of Russian oil
Months of work will be needed to restore clean oil supplies via a key Russian pipeline to Europe, Belarus said on Tuesday, as Moscow suggested…
Mexico’s New Oil Refinery is good for Mexico but bad for American Business?
Mexico President Andres Manuel Lopez Obrador has promised a new oil refinery and also upgrade current refineries that lacked updated parts so they could run…
UK shale dream of energy independence is fading
The official UK advocate for shale-gas development has resigned in protest of “a de facto ban” on hydraulic fracturing. Natascha Engel, a former Labor Party…
Sexual Playthings at Anadarko’s Denver Office?
Written by attorneys for Robin Olsen, former communication professional at Anadarko, it alleges top Anadarko executives had sex in the Denver office during business hours,…
What is the Russian – German Nord Stream 2?
Germany’s Funke media group said Nord Stream 2’s construction is already “unstoppable” The global demand for gas will be up 25 percent in the coming two decades.
What’s next for Colorado? is the Oil Boom dead in Colorado?
Democratic Gov. Jared Polis signed the law last week, and the Oil and Gas Conservation Commission will begin writing new rules in May. That could…
Mexico Gasoline Theft Cut by 95%, Pemex Says
President Andres Manuel Lopez Obrador’s fight against gasoline theft has reduced robbery by 95 percent as Mexico shifted fuel transport to trains and trucks, and…