Tethys Petroleum Press Release: Corporate Update
February 9, 2023
Grand Cayman, Cayman Islands–(Newsfile Corp. – February 9, 2023) – Tethys Petroleum Limited (TSX…
A new bottleneck emerges for U.S. oil and gas
February 9, 2023
Oil Price When the energy crisis hit a nadir two years ago, highly indebted E&P companies quickly changed their operational playbook, adopting stricter cost discipline, cutting back on expensive drilling programs and vowing to return more cash to shareholders in the form of dividends and buybacks. But E&Ps are not the only ones pursuing this new strategy. Oilfield services (OFS)
Climate crisis tide turns for big oil
February 9, 2023
Oil Price Constant accusations of knowing the effects of their products on the environment and lawsuits have become constant companions of oil companies in the last few years. The successes that activists have had—such as Friends of the Earth’s court win that obliged Shell to cut its emissions by 45 percent—have been celebrated loudly and globally. Naturally, Big Oil tends
Budding oil and gas company drills new wells in Permian Basin, Haynesville shale
February 9, 2023
World Oil WO) — Growing oil and gas company Verde Bio Holdings is drilling new wells on its shale properties amidst higher oil and gas prices. The company recently received notices that over eight new wells have been brought online. The main areas experiencing growth are on the company’s Permian Basin and Haynesville shale properties. Verde Bio Holdings now has
Weekly Gas Storage: Inventories decrease by 217 Bcf
February 9, 2023
Natural Gas Inventories as of February 3, 2023 The EIA has released its natural gas inventory report, showing a net decrease of 217 Bcf as of February 3, 2023. Working gas in storage was 2,366 Bcf as of Friday, February 3, 2023, according to EIA estimates. This represents a net decrease of 217 Bcf from the previous week. Stocks were
As natural gas prices tumble, new worries for U.S. shale patch
February 9, 2023
Nasdaq A 46% drop in natural gas prices this year is rippling across the U.S. shale patch, threatening to slow drilling and chill deal-making in a move unthinkable six months ago as global demand soared. Analysts are chopping their outlook for gas prices this year, and for production and earnings. The drop has also put a cloud over merger and
Passive-Income Seekers: 3 Top Canadian Energy Stocks to Buy Today
February 9, 2023
Over the past three years, the earnings of Canadian-listed corporations have increased by 20% ann…
Plurilock Receives Seven New California Multiple Award Schedule Contracts
February 9, 2023
The contracts further validate Plurilock’s Aurora Systems as a trusted supplier and enable the Co…
