->1

Shell announces $25 billion share “buyback†program

(891 Views)

Royal Dutch Shell plc announced the launch of a $25 billion share buyback program on Thursday.

“Today, Shell starts a share buyback program of at least $25 billion in the period 2018-2020, subject to further progress with debt reduction and oil price conditions,†the company said in a statement on its website…

->2

Permian home of the current boom but also home to something else

(491 Views)

The fastest-growing oil region in the U.S. is fueling not only the second American shale revolution—it’s fueling a subculture of drug and alcohol abuse among oil field workers.

The Permian shale play in West Texas is once again booming with drilling and is full of oil field workers, some of which are abusing drugs and alcohol to help them get through long shifts, harsh working conditions, and loneliness and isolation…

->3

Ocean Rig Skyros keeps a healthy dayrate of 573k with Total Angola until 2021

(429 Views)

Ocean Rig has concluded negotiations with Total (NYSE:TOT) regarding the contract of Ocean Rig Skyros. The outcome is very favorable for the company: the dayrate for the remaining duration of the contract (until Q3 2021) will remain fixed at $573,000…

 

 

->4

50% of the global oil supply has been targeted by tariffs, Texas

(282 Views)

The oil and gas industry remains one of the most resilient and impactful sectors in the country, despite efforts by some to derail domestic production based on an ideology, not science, and certain ill-conceived policies carrying unintended consequences…

->5

Oil experts scratching head over the prices

(272 Views)

Oil price projections are infamously all over the map, but the current chasm between various pricing forecasts is striking, offering wildly different views.

On the low end we have Citibank, which recently stated that Brent oil prices could fall to as low as $45 per barrel within the next year. Citi’s Ed Morse said that Brent could very well fall back into a band of between $45 and $65 per barrel, a range that was familiar between much of the market downturn between 2014 and 2016…

Check out our other current stories, we dare you…

• Pioneer focusing on Permian super basin assets
• Everything is better in a boom, even the GDP
• Substance abuse in the Permian?