As energy prices rage, President Biden and Republicans have urged companies to increase drilling to lower oil and gasoline prices from 14-year highs. But it’s not that simple. Even after Read more
Tag: Support Activities for Oil/Gas
U.K. fracking stocks slump after Sunak reinstates ban
Shares in London-listed fracking companies slumped on Wednesday after new U.K. Prime Minister Rishi Sunak said he would stick by his party’s manifesto pledge to ban the shale gas extraction Read more
‘I’ve had enough.’ Loyal Conservative politician livid at Truss government’s handling of chaotic fracking vote.
A U.K. conservative MP has slammed prime minister Liz Truss’ administration and its “inexcusable” handling of a vote on fracking in Parliament, he told BBC News on Wednesday evening. The Read more
Norway’s Seadrill to relist in New York Stock Exchange this week
Norwegian offshore oil-rig operator Seadrill Ltd. said late Tuesday it has received approval to relist its common shares on the New York Stock Exchange on or about Oct. 14. Seadrill Read more
These 20 stocks still have at least 48% upside, analysts say, despite the S&P 500’s 8% gain from its lows
The S&P 500 has climbed 8% since June 16, when it closed at its lowest point this year. While the benchmark index is still down 17% this year, analysts expect Read more