Energy & Fuel

"Coronavirus Could Drive 'Mass Abandonment' Of Oil Wells"

"In the wake of the COVID-19 pandemic that's shaken the global oil sector, oil states fighting to restart their economies may face another kind of crisis: orphaned wells. The pandemic could add thousands of wells to already-strapped programs to reclaim old oil infrastructure in the West and Appalachia."

Source: Energywire, 05/06/2020

"Fed Changes Open Door for More Drillers to Get Loans"

"The Federal Reserve revamped its Main Street Lending Program in ways that will allow battered oil companies to qualify for the aid after industry allies lobbied the Trump administration for changes."

Source: Bloomberg Environment, 05/04/2020

Pages

Subscribe to RSS - Energy & Fuel