Permian Basin oil and gas industry continues to consolidate in the wake of COVID-19

Permian Basin oil and gas industry continues to consolidate in the wake of COVID-19

Oil and gas operators in the Permian Basin continued to consolidate land used to produce fossil fuels, purchasing acreage already in production to drive up returns for investors. The industry began its consolidation in the wake of the COVID-19 health crisis which saw the price per barrel plummet below $0 per barrel for the first […]

Why South America Is Big Oil’s New Favorite Continent

Why South America Is Big Oil’s New Favorite Continent

South America continues to feature prominently among petroleum industry headlines. Offshore Brazil and Guyana have become the focal point of what is shaping up to be the continent’s two biggest oil booms, while Venezuela’s once mammoth oil industry has nearly collapsed. Ongoing wrangling within OPEC plus over production cuts, with the United Arab Emirates disagreeing […]