Archives for 2016
135 oil companies are on edge of bankruptcy. So why is that good news?
First, the bad news: At least 135 oil and gas companies are still in deep trouble, according to Debtwire Analytics, a New York company that studies debt and predicts coming bankruptcies and restructuring. On top...
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Obama administration halts Dakota pipeline work
The Obama administration halted work on a stretch of land where Energy Transfer Partners LP is building its controversial Dakota Access oil pipeline, a move that could threaten to thrust the fate of the project...
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Judge allows Dakota pipeline to move ahead
NEAR THE STANDING ROCK SIOUX RESERVATION, N.D. (AP) — The Standing Rock Sioux Tribe’s attempt to halt construction of the four-state Dakota Access oil pipeline near their North Dakota reservation was denied Friday by a...
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Oil rig count grows after Hurricane Hermine
The overall count of rigs actively seeking oil or natural gas increased by 11 this week with eight of them offshore and just three on land. Those three came in the gaseous Marcellus and Utica...
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Market Currents: Biggest oil draw since Britney’s first hit
Yesterday’s emphatic rally in response to the biggest crude draw since Britney Spears was number one with ‘…Baby one more time’ (err, January 1999) is being unravelled as realization dawns that the factors that caused...
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