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Nov 19, 2014

Oil price rout to curb U.S. drilling costs even with mega merger

NEW YORK (Reuters) – Low oil prices that threaten producers’ profits may be a boon in one way, as they force service companies to keep prices low for the drill bits, cement and piping for oil extraction, even if two of the largest providers of such products merge.

Halliburton Co, said on Monday it will buy Baker Hughes Inc, in a $35 billion deal that would create an oilfield services company to take on global oil services leader Schlumberger NV.

Nov 18, 2014

Analysis: Oil price rout to curb U.S. drilling costs even with mega merger

NEW YORK (Reuters) – Low oil prices that threaten producers’ profits may be a boon in one way, as they force service companies to keep prices low for the drill bits, cement and piping for oil extraction, even if two of the largest providers of such products merge.

Halliburton Co, said on Monday it will buy Baker Hughes Inc, in a $35 billion deal that would create an oilfield services company to take on global oil services leader Schlumberger NV.

Nov 7, 2014

U.S. fracking firms stay in top gear despite oil price slump

NEW YORK (Reuters) – Unfazed by slumping oil prices and battering in the stock market, firms that supply sand and guar gum for shale oil and gas companies are not ready yet to call an end to a four-year boom spurred by hydraulic fracturing technology.

Just putting on a brave face as a downturn looms? Perhaps, but the optimism could also reflect confidence that the U.S. shale industry is more resilient to retreating oil prices than investors might think.

Nov 4, 2014

Exclusive: Shipping lines apply ‘Ebola clause’ to fend off virus risks

LONDON/NEW YORK (Reuters) – As Ebola persists in West Africa, shipping lines and traders are tweaking their contracts to protect themselves if the disease puts crews at risk of infection or prevents vessels calling at affected ports.

Ebola has not yet forced ports to close, but uncertainties about the spread of the virus are adding to legal and financial concerns for those involved in shipping oil, cocoa and minerals from the region.

Nov 4, 2014

Shipping lines apply “Ebola clause” to fend off virus risks

LONDON/NEW YORK, Nov 4 (Reuters) – As Ebola persists in West
Africa, shipping lines and traders are tweaking their contracts
to protect themselves if the disease puts crews at risk of
infection or prevents vessels calling at affected ports.

Ebola has not yet forced ports to close, but uncertainties
about the spread of the virus are adding to legal and financial
concerns for those involved in shipping oil, cocoa and minerals
from the region.

Oct 24, 2014

As Ebola hits, New Yorkers maintain wary calm

NEW YORK, Oct 24 (Reuters) – News of New York’s first case
of Ebola was met with worry and even anger on Friday, but for
this city of eight million residents, seasoned by everything
from terror attacks to superstorms, there was no sign of panic.

Dr. Craig Spencer, 33, who treated Ebola patients in West
Africa, was moved with elaborate precautions from his Harlem
apartment to Bellevue Hospital in Manhattan with a fever and
tested positive for Ebola on Thursday, sparking concern about
the spread of the disease in the country’s most populous city.

Oct 16, 2014

Sinking oil prices may curb U.S. output too slowly for Saudis

NEW YORK (Reuters) – Saudi Arabia effectively started a global oil price war this month aimed at quickly denting U.S. oil output. Slowing a U.S. drilling boom, however, could take more than a year.

Many observers expect a downward spiral of global oil prices to rapidly dampen shale oil drilling in the United States, slow production growth and help bolster prices. Small producers vulnerable to sudden price moves may have to slow spending, fast reducing the amount of oil gushing to market.

Oct 15, 2014

Analysis – Sinking oil prices may curb U.S. output too slowly for Saudis

NEW YORK (Reuters) – Saudi Arabia effectively started a global oil price war this month aimed at quickly denting U.S. oil output. Slowing a U.S. drilling boom, however, could take more than a year.

Many observers expect a downward spiral of global oil prices to rapidly dampen shale oil drilling in the United States, slow production growth and help bolster prices. Small producers vulnerable to sudden price moves may have to slow spending, fast reducing the amount of oil gushing to market.

Oct 15, 2014

Analysis – Worrying for Saudi, U.S. oil output cuts could take a while

NEW YORK (Reuters) – Saudi Arabia effectively started a global oil price war this month aimed at quickly denting U.S. oil output. Slowing a U.S. drilling boom, however, could take more than a year.

Many observers expect a downward spiral of global oil prices to rapidly dampen shale oil drilling in the United States, slow production growth and help bolster prices. Small producers vulnerable to sudden price moves may have to slow spending, fast reducing the amount of oil gushing to market.

Oct 15, 2014

Worrying for Saudi, U.S. oil output cuts could take a while

NEW YORK (Reuters) – Saudi Arabia effectively started a global oil price war this month aimed at quickly denting U.S. oil output. Slowing a U.S. drilling boom, however, could take more than a year.

Many observers expect a downward spiral of global oil prices to rapidly dampen shale oil drilling in the United States, slow production growth and help bolster prices. Small producers vulnerable to sudden price moves may have to slow spending, fast reducing the amount of oil gushing to market.