Archives for 2016
Some drillers set to boost spending as oil rises, Evercore says
HOUSTON – The long financial drought that has deeply bruised energy service companies may be nearing an end. As oil prices hover near $50 a barrel, record oil company spending cuts the past two years...
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Oil rig count makes first big jump of 2016
The number of rigs actively drilling for oil in the U.S. made its first sizable increase of the year this week now that the price of oil has increased for more than three months, according...
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Kinder Morgan cuts more than 100 jobs
The job cuts, which include 37 Houston positions, come after Kinder Morgan reduced its shareholder dividend and project backlog in recent months in order to shrink costs and increase cash flow. Kinder Morgan will still...
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Exxon CEO says Argentine shale project may top $10 billion
Exxon Mobil Corp. may invest more than $10 billion as it transplants the U.S. shale-drilling model to Argentina’s Vaca Muerta region in the next few decades, Chairman and Chief Executive Officer Rex Tillerson said Thursday....
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Market Currents: Iranian crude oil exports up to 2.5 million barrels per day
Seventy-four years after the birth of Curtis Mayfield, and oil prices are struggling to move on up, despite a wilting dollar due to a shocker of a U.S. jobs report. The combo of yesterday’s bearish-tilted...
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