Shale Markets, Llc / Prosafe Still Negotiating With Lenders As Forbearance Agreement Expires
By Bojan Lepic Regardless of the recent loan forbearance agreement extension expiring, Prosafe is still in discussions with lenders to find a long-term financial solution which would stabilize operations. The post… … Read Full Article Here For more great articles: Offshore Energy Today.
US Shale Output Poised To Keep Rising Despite Investor Concerns
Shale production in the largest US oilfield should rise by as much as 300,000 barrels per day by December, according to updated forecasts following the industry’s latest quarterly results.
ConocoPhillips To Sell Barnett Assets For $305M
ConocoPhillips said it would sell its assets in the Barnett shale field in Texas to Miller Thomson & Partners LLC for about $305 million.
For Investors In Shale Drilling, The Party's Over
<p>Wall Street appears to have lost its taste for the resurgent U.S. shale industry as oil prices tumble and energy share prices fall.</p>
Oil Falls 20% Amid US Shale Boom
Motoring groups accused petrol stations of letting prices rise like a rocket when the oil price increases but only allowing them to fall like a feather when the price goes down.
EQT Buys Rice Energy To Create Shale Gas Drilling Giant
Deal combines two leading producers in the Marcellus and Utica shale formations.
Rosneft, Partners To Invest Over $8B In Russia's Offshore Energy Sector
Most Russian oil output comes from western Siberia, where fields are depleting, pushing firms to look for new regions. Sanctions complicate the process, barring Western firms from helping with Arctic offshore, deepwater and shale oil projects.
US Shale Firms More Exposed To Falling Oil Prices As Hedges Expire
Cash-strapped U.S. shale firms scaled back their hedging programs in the first quarter, leaving them more vulnerable to tumbling spot market prices just after OPEC reached a landmark deal to curb global supply.
BHP CEO Says In Regular Talks On Future Of U.S. Shale Assets
BHP Billiton Ltd. is holding discussions with competitors on the future of parts of its U.S. shale business amid heightened scrutiny of the unit from shareholders, including activist investor Elliott Management Corp. The company recognizes it needs alternative strategies for some of the assets, particularly gas-focused operations, Chief Executive Officer Andrew Mackenzie told reporters Monday in Tokyo. The were multiple potential owners of the assets spread across the states of Texas, Arkansas and Louisiana, he said. “We are in regular dialogue with those natural owners as to whether or not we can form more collaboration to allow us to share facilities,...
BHP CEO Tells Investors Options For US Shale Under Review
In a series of meetings last week, CEO Andrew Mackenzie stressed to shareholders that the company is open to selling parts of onshore portfolio