Saudi Aramco joins oil blockchain platform Vakt

* Saudi Aramco Energy Ventures has bought into blockchain-based trading platform Vakt with $5 million in new shares, Vakt said on Tuesday. * Aramco Trading Co, a subsidiary of Saudi Aramco, will use the platform. * The VAKT platform specialises in post-trade processing. It has been live since the end of 2018 with a focus [Read more]

Source: BOE Report

Halcón Changes Name to Battalion Oil Corporation and Announces NYSE American Listing Application

Houston, Jan. 27, 2020 (GLOBE NEWSWIRE) — Halcón Resources Corporation announced today that it has changed its company name to Battalion Oil Corporation (“Battalion” or the “Company”). The new name reflects the Company’s new team, new culture, and new strategy. Richard Little, the Company’s Chief Executive Officer commented, “I am excited to announce the new [Read more]

Source: BOE Report

As Gas Prices Crash, Will This Shale Giant Survive?

Fracking pioneer and the king of unconventional drilling Chesapeake Energy (NYSE:CHK) is a company in dire straits, which makes it a great bargain right now.  The Oklahoma-based exploration company ushered in America's shale natural gas revolution a decade and a half ago; now, the odds are that it might not even survive the era of cheap gas it helped ...

Source: Oilprice.com