US bankruptcies and how to avoid them: The costs and benefits of saving E&Ps via royalty exemptions

The Covid-19 pandemic and the price crisis it has brought upon the oil and gas sector have hit the profitability of exploration and production (E&P) companies hard. Despite the recent relative oil price recovery, dozens of US operators are still threatened by bankruptcies even at a WTI oil price of...

https://www.hellenicshippingnews.com/us-bankruptcies-and-how-to-avoid-them-the-costs-and-benefits-of-saving-eps-via-royalty-exemptions/

No New Wells Without Oil Company Bonding For Permits, Says Consumer Watchdog

Consumer Watchdog called upon Governor Gavin Newsom to prevent oil companies from receiving approvals for new oil wells without first requiring full bonding for their clean-up. In a letter to the governor, the consumer group pointed to the impending bankruptcy of oil drillers as oil prices bottom...

https://www.hellenicshippingnews.com/no-new-wells-without-oil-company-bonding-for-permits-says-consumer-watchdog/

Sellers beware: Price collapse triggers bartering over oil and gas deals

The collapse in oil prices to 21-year lows has led potential buyers of oil and gas fields to try and renegotiate deals already agreed at higher prices, with the first examples emerging of sellers having their hand forced. At a time when most oil companies are slashing budgets, dividends and...

https://www.hellenicshippingnews.com/sellers-beware-price-collapse-triggers-bartering-over-oil-and-gas-deals/

REFINERY NEWS ROUNDUP: Refineries raise runs, but other bring works forward

Some refineries in the Asia-Pacific are raising run rates as lockdown measures are eased but others have brought forward works due to weak demand . Oil Corp. has raised crude throughput to 60% at its nine refineries with the restart of several process units that were suspended due to lockdown...

https://www.hellenicshippingnews.com/refinery-news-roundup-refineries-raise-runs-but-other-bring-works-forward/

US gas production set to hit bottom in November due to Covid-19-related shut-ins and drilling decline

The Covid-19 pandemic has forced oil and gas producers to slash budgets and reduce drilling activity, which in the US always affects future hydrocarbon output as existing fields naturally decline. Operators also shut some producing oil fields, halting in turn their associated gas output. Rystad...

https://www.hellenicshippingnews.com/us-gas-production-set-to-hit-bottom-in-november-due-to-covid-19-related-shut-ins-and-drilling-decline/

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