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Nine shale-focused producers in Appalachia report cumulative $504m negative free cash flow. They slashed their capital expenditures (capex) in the third quarter by more than one-third compared to the prior year. Despite the cuts, the nine…

Even though supermajors have emphasized the role of CCS in meeting net-zero objectives, there is no financial justification for investing in CCS.

Oil industry executives complain about rising drilling costs but their responses to breakeven profitability questions downplay the cyclical impacts of their industry

Four of the world’s five largest oil and gas companies spent more cash on dividends and share buybacks during Q1 than they generated from their core business operations.

After years of benefitting from record oil and gas revenues, global markets are signaling the beginning of the end of New Mexico’s financial reliance on fossil fuels.

ExxonMobil’s recent 10K filing for 2018 shows it has rebooked 3.2 billion barrels of Canadian oil sands reserves, increasing its worldwide reserves from 21.2 billion barrels in 2017 to 24.3 billion barrels in 2018, a 13% increase.

The transition to renewable energy is frequently advocated on environmental grounds, but the financial case for moving away from fossil fuels is becoming undeniably clear, according to experts speaking during the final week of IEEFA’s 2020…

Faltering development plans for Argentina's shale reserves will accelerate without foreign investment

… that the company had secured LNG purchase agreements with Shell but a closer look at the finances reveal a different …