Alex Childers

1,510 Flips | 1 Magazine | 1 Like | 8,776 Followers | @alexc303 | I work in the energy industry in Houston. Feel free to contact me at alexc303@gmail.com

Bob Dudley says oil prices could hit new bottom in early 2016

Global oil prices could hit a new bottom in early 2016, according to BP CEO Bob Dudley. Prices will also continue to remain low for the next couple …

Russia's oil output hits record high despite price crash

The country's oil and gas condensate production last year increased 1.4 percent year-on-year, with output reaching 10.73 million barrels per day, a post-Soviet record, according to data cited by Interfax news agency.<p>The slide in oil prices and Western sanctions over Moscow's role in the Ukraine …

BP boss: The Gulf of Mexico oil spill was a 'near-death experience' for us

BP's CEO Bob Dudley told BBC Radio 4's Today programme on Saturday morning that the "tragic accident," which killed 11 men and saw more than 3 million barrels of oil flow into Gulf waters, shook the company "to its core" and was "a near-death experience" for the energy firm.<p>"Sometimes it takes a …

BHP Billiton shale investment under the spotlight as oil price slips below the $US40 threshold

Jac Nasser is not a man made for regrets.<p>But it is hard to believe BHP Billiton's increasingly crisis-hardened chairman didn't take a brief glance in …

What it costs to produce a barrel of oil

Everyone in the energy industry is suffering as crude oil prices have slumped. But some oil producing countries are hurting more than others.<p>In the United Kingdom, it costs $52.50 to produce a barrel of oil -- which is trading right now around $42.<p>Oil production in Brazil costs nearly $49 per …

Ankara defends ISIS, Turkish officials have financial interest in oil trade with group - PM Medvedev

Some Turkish officials have ‘direct financial interest’ in the oil trade with the terrorist group Islamic State, Russian PM Dmitry Medvedev said as …

Oil and gas companies 'risk losing $2tn'

<b>The world's biggest oil and gas companies risk losing $2.2tn (£1.5tn) by overestimating future demand for fossil fuels, a report suggests.</b><p>By underestimating both legislation to cut the use of dirty fuels and the development of clean energy, these firms are investing in assets that may prove …

Today's Throne Speech: What you need to know

The Governor-General delivered the new Liberal government's official word on its priorities in Ottawa. What are they promising? How does the speech compare to Trudeau's election pledges? Follow along as we pore through the details<p>The Liberal government unveiled a Throne Speech confirming its plans …

Russia just froze Ukraine's gas supply in what could be really bad news for Europe

On Wednesday morning, the CEO of Gazprom, Russia's biggest state-owned natural-gas producer, said the company had cut off gas supplies to Ukraine after the country failed to pay in advance for more energy.<p>As first reported by the Financial Times, Russian wire services say Gazprom boss Alexei Miller …

OPEC, threatened by U.S. shale, ends up hitting Canada harder in price war

OPEC took a swing at U.S. shale and knocked down Canada.<p>[np_storybar title=”How Saudi Arabia’s high-risk oil gambit could destroy OPEC while feeding …

Oil exploration techniques could aid cancer research

<b>A Scottish university has been awarded a prestigious prize for research linking oil exploration engineering with studies into the formation of tumours.</b><p>Scientists at Heriot-Watt University have been investigating how oil flows through the tiny pore spaces in otherwise solid rock.<p>They claimed the …

The energy crash is going to be huge business for Wall Street

The commodity slump has put a number of companies under pressure. Oil and gas companies are edging toward default, and big banks are pulling back from lending to the industry.<p>Restructuring lawyers, activist investors, and distressed-debt specialists are all gearing up for a flood of new …

Oil price posts two-year highs - but how long can it last?

Oil’s long-neglected bulls finally had reason for cheer this week, after Brent crude prices lurched to two-year highs.<p>Benchmark Brent rose above $59 …

Now is not the time to rush into oil stocks

I explained recently why the oil price is likely to stay lower for longer in this cycle than in most. The real story is high and rising supply, and that view is backed up by the fast rise in US inventories this week. They now stand at 487 million barrels. That's up from 385 million at the start of …

Mergers and Acquisitions News

1:07 PM ET Mon, 2 July 2018<p>The move puts Dell back on the open markets and subject to public investors, as would buying out one of the software and …

Mergers & Acquisitions

Anadarko Has Approached Apache About Takeover Offer

Anadarko Petroleum Corp. approached Apache Corp. about a combination that would be the largest for an independent U.S. oil and gas producer this …

Canada needs to keep an eye on low oil prices: finance minister

BELEK, Turkey (Reuters) - Canada needs to keep a close eye on low oil prices, which the ruling Liberal Party took into consideration when drawing up an election platform that called for extra stimulus, new Finance Minister Bill Morneau said on Saturday.<p>Morneau, speaking to reporters on the …

The Paris attacks are putting pressure on oil prices

Oil is already trading near its six-year lows and healthy demand has been a major factor preventing the prices from sliding any lower amid a worsening global oil glut due to abundant supplies.<p>At least 129 people were killed on Friday evening in a series of coordinated attacks on Paris with Islamist …

Oil Prices Edge Higher From Bottom-Pickers

Price of Brent crude may hover around $50 a barrel through end of decade, IEA warns<p>Oil prices rose slightly with help from chart-based traders and bottom-pickers despite warnings from a top energy watchdog that the decision by the Organization of the Petroleum Exporting Countries to keep pumping …

Oil

What the latest EIA report tells us about shale-oil output

Oil production from the Bakken and Eagle Ford shale plays in the U.S. has been falling since March, but traders shouldn’t be quick to assume that …

Oil & Gas Industry

Falling oil prices undermine Malloy's gas expansion plan

HARTFORD, Conn. (AP) — It may only be temporary, but falling oil prices are undermining Gov. Dannel P. Malloy's ambitious natural gas expansion …

Oil prices forecast to stay low until 2020

PARIS (AP) — Oil prices are likely to remain low over the next five years because of plentiful supply and falling demand in developed countries, the …

Warning: Oil company defaults are coming

The U.S. shale oil boom lured tons of prospectors in recent years.<p>Oil companies of all hues loaded up on massive amounts of debt to fund rigs and fancy new drilling equipment.<p>The problem is the companies were banking on oil prices closer to $100 oil when they took on the debt. Now oil is around $45 …

Oil

Obama set to announce rejection of Keystone XL pipeline

WASHINGTON (MarketWatch) -- A hastily-called press conference has been set for President Barack Obama to announce the rejection of the proposed …

announce

Sanders says Obama should reject Keystone XL pipeline now

WASHINGTON (AP) — President Barack Obama should reject the Keystone XL oil pipeline before heading to Paris next month to finalize a global climate …

TSX weighed down by earnings disappointments; Valeant plunge

TORONTO (Reuters) - A plunge in shares of drugmaker Valeant and sharp retreats in several other companies on the back of disappointing earnings reports pushed Canada’s main stock index lower on Thursday.<p>A man walks past an old Toronto Stock Exchange (TSX) sign in Toronto, June 23, 2014. …

Business (Canada)

Are Risk-Parity Funds a Better Strategy for Diversification?

Touted as a way to equalize risks, these funds are suffering as commodities sink and stocks charge ahead<p>“Risk parity” has been touted as a better way to build diversified portfolios because it aims to equalize the risks investors take in asset classes such as stocks, bonds and commodities.<p>But …

Investing

Oil companies are ditching North Dakota

But the real life Bakken is also suffering from a lack of interest, a development that doesn't bode well for the oil-producing region.<p>The Bakken had been a key part of the U.S. shale boom over the past half-decade. But production peaked at 1.22 million barrels per day in December 2014. Since then, …

Noble Energy’s midstream company has filed for an IPO

HOUSTON — Noble Energy said Thursday it will take its midstream company public, as the beleaguered driller looks for new ways to fund the pipelines …

Oil & Gas Industry

U.S. oil output slide looms as shale firms hit productivity wall

HOUSTON (Reuters) - Stagnating rig productivity shows U.S. shale oil producers are running out of tricks to pump more with less in the face of crashing prices and points to a slide in output that should help rebalance global markets.<p>Pump jacks are seen in the Midway Sunset oilfield, California, in …

Oil