Beginning of the End for the Permian

This is the beginning of the end for the Permian and other tight oil plays. There are decades of remaining production but at lower rates. ... primarily due to 50% increase in capital costs compared to 2019 coupled with pull back …

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Opinion | The Beginning of the End for Oil? | Common Dreams

Many countries and companies are, in fact, beginning to restructure their supply lines to avoid a full-scale reliance on foreign suppliers by seeking alternatives closer to home -- a trend likely to persist after pandemic-related restrictions are lifted (especially in a world in which Trumpian-style "nationalism" still seems to be on the rise).

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Why Oil Companies Are Leaving California

The company, with roots in California dating back to 1879, will transition its headquarters to Houston over the next five years. Chevron's move comes as a response to California's stringent ...

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Trump's promising 'dominance' on oil. But the U.S. may

Trump, who campaigned on cutting U.S. energy prices in half in his first 18 months and ramping up oil output, nonetheless said Monday that he would immediately undo Biden's action after taking ...

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Beginning of the End? Oil Companies Cut Back on Spending

Major oil companies are finding their profits squeezed, and have recently announced plans to sell off part of their assets in order to have funds to pay their dividends.

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Oil Tanking...Beginning of the End

The amount of debt carried by most of the energy companies will no doubt weigh on their financials given lower oil prices. But like 2016-2017, the result of this new war will likely be the same.

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Beginning Of The End? Oil Companies Cut Back On Spending

Commodities Analysis by Gail Tverberg covering: Exxon Mobil Corp, Crude Oil WTI Futures, Natural Gas Futures, Consumption. Read Gail Tverberg's latest article on Investing

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The Beginning of the End for Oil?

The likelihood that oil consumption will approach 2018 or 2019 levels by year's end or even in early 2021 now appears remarkably unrealistic. It is, in fact, doubtful that those earlier projections about sustained future growth in the demand for oil will ever materialize. A Shattered World Economy

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Opinion: The beginning of the end for Big Oil | CNN Business

After a pandemic and a price war sent petroleum prices tumbling in 2020, they are again on the rise. A new oil price super cycle – an extended period during which prices exceed their long-term ...

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Beginning of the End for Canada's Tar Sands or Just a Blip?

Alberta's tar sands are among the most carbon-intensive sources of oil. The Canadian province announced it would temporarily curtail oil production in 2019 in the face of a saturated market and ...

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Is this the beginning of the end for Big Oil's windfall?

Oil and gas companies have had two years of skyrocketing growth, but this earnings season could mark the beginning of their descent back down to earth.

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"Beginning of the end" as oil companies cut back on spending?

Gail Tvarberg on The Energy Collective: "Steve Kopits recently gave a presentation explaining our current predicament: the cost of oil extraction has been rising rapidly (10.9% per year) but oil prices have been flat. Major oil companies are finding their profits squeezed, and have recently announced plans to sell off part of their assets in order to have …

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Chevron Will Cut Up To 20% Of Workers—Latest Major 2025 …

Chevron scored a record profit of $36.5 billion in 2022 as energy companies globally enjoyed as oil prices shot up after Russia invaded Ukraine, but its net income pulled back to $21.4 billion in ...

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Beginning of the End? Oil Companies Cut Back on Spending

Beginning of the End? Oil Companies Cut Back on Spending Posted on February 25, 2014 Steve Kopits recently gave a presentation explaining our current predicament: the cost of oil extraction has been rising rapidly (10.9% per year) but oil prices have been flat. Major oil companies are finding their profits

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BP to abandon pledge to cut oil and gas output as chief fights for

In 2023, amid the upheaval in energy markets following Russia's invasion of Ukraine, Mr Looney pared back the oil and gas target to a 25 per cent drop, saying …

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BP Vows 'Fundamental Reset' in Strategy as Profit Plunges

The energy giant was vague on details, but analysts say the changes is likely to include less spending on renewable sources and a bigger investment in oil and natural gas …

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Beginning of the end? Oil Companies cut back on spending

Extracts from an article by Gail Tverberg published on 3 March 2014 by TheBull.au Basically, Shell is cutting back. It no longer is going to tell investors how much it plans to produce in the f…

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World faces 'staggering' oil glut by end of decade, …

The world faces a "staggering" surplus of oil equating to millions of barrels a day by the end of the decade, as oil companies increase production, undermining the ability of Opec+ to manage...

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Beginning of the End? Oil Companies Cut Back on Spending

Beginning of the End? Oil Companies Cut Back on Spending. Steve Kopits recently gave a presentation [link to presentation at resilience] explaining our current predicament: the cost of oil extraction has been rising rapidly (10.9% per year) but oil prices have been flat.Major oil companies are finding their profits squeezed, and have recently announced plans to sell off …

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Beginning Of The End Of The Shale Oil Boom

Beginning Of The End Of The Shale Oil Boom. ... the oil and gas companies have about 2 years left on being independent corporations. ... a few years back. Ruined our schools to keep the oil and ...

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Beginning of the End? Oil Companies Cut Back on Spending

Steve Kopits recently gave a presentation explaining our current predicament: the cost of oil extraction has been rising rapidly (10.9% per year) but oil prices have been flat. Major oil companies are finding their profits squeezed, and have recently announced plans to sell off part of their assets in order to have funds to pay their dividends.…

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Oil Limits and Climate Change How They Fit Together

Oil companies are cutting back on new expenditures because they cannot make money on a cash flow basis on shale plays and on other new oil drilling. Oil companies can't just keep adding debt, so they are doing less investment. I talked about this in Beginning of the End? Oil Companies Cut Back on Spending. Less oil means either a rebound in ...

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The Connection Between Oil Prices, Debt Levels, and Interest Rates

The unfortunate outcome is that oil prices are now too low for many producers. I described this in my post, Beginning of the End? Oil Companies Cut Back on Spending. Because oil prices are too low for companies doing the extraction, we really need higher oil prices. But if oil prices are higher, they will put the country (and the world) back ...

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What will BP's "reset" look like?

Oil company BP said it's planning to announce a "fundamental reset" of its business strategy later this month. The company had a rough 2024 — its profits dropped by …

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OPEC+ Delays Output Increase to April 2025, Extends Cuts Into …

The OPEC+ producers who are reducing output by 2.2 million barrels per day (bpd) have decided to delay the beginning of the gradual easing of the cuts to April 2025, OPEC+ delegates told Argus on ...

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U.S. Oil Companies Are Cutting Production Much Faster Than Expected

U.S. oil producers are cutting crude production faster and deeper than expected, and industry experts now expected 1.7 million barrels per day to be taken off the market by the end of June

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Beginning of the End? Oil Companies Cut Back on … of the End? Oil

Beginning of the End? Oil Companies Cut Back on Spending Posted on February 25, 2014 Steve Kopits recently gave a presentation explaining our current predicament: the cost of oil extraction has been rising rapidly (10.9% per year) but oil prices have been flat. Major oil companies are finding their profits squeezed, and have recently announced plans to sell off …

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The beginning of the end for oil in California

The old guard hope the state will be shocked into bringing back oil-friendly policies by a supply shortage, or that Donald Trump's election on a platform of "Drill, baby, drill" will turn ...

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One of the world's biggest oil companies is cutting thousands of jobs

The oil giant BP is cutting thousands of jobs, the company announced on Thursday. In a statement sent to Business Insider, it said some 4,700 positions would be eliminated, while the number of ...

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BP Set to Scrap Oil and Gas Production Cuts

The company had previously aimed to slash oil and gas production by 40% by 2030. The Financial Times reported, citing unnamed sources, that the U-turn in plans will be announced on Wednesday when ...

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