Sunday, November 24, 2024
U.S. shale’s debt detox is a huge win for shareholders- oil and gas 360

U.S. shale’s debt detox is a huge win for shareholders

Oil Price North America’s oil and gas producers have reduced their total debts by $26 billion since the end of 2019 as the shale industry made the structural shift from spending to grow production to increasing shareholder returns and strengthening balance sheets. The significant debt reduction at North American oil and gas producers, coupled with capital discipline at most shale

BlackRock is ready to invest In U.S. energy pipelines- oil and gas 360

BlackRock is ready to invest In U.S. energy pipelines

Oil Price The world’s biggest asset manager, BlackRock, is prepared to invest in energy pipelines in the United States as soon as such projects get the green light from the government, BlackRock’s chief executive Larry Fink said on Wednesday.   The top executive of BlackRock – which has faced criticism from both environmental campaigners for still investing in conventional energy

Canadian oil prices collapse despite having plenty of pipelines to move it- oil and gas 360

Canadian oil prices collapse despite having plenty of pipelines to move it

World Oil (Bloomberg) — Canadian heavy crude prices plunged to their biggest discount to futures since 2018 and, this time, the collapse has little to do with a shortage of pipelines.   Heavy Western Canadian Select’s discount to West Texas Intermediate widened $1.50 to $32.50 a barrel at Hardisty, Alberta, on Wednesday, the widest since November 2018, data compiled by