Economics/Statistics
News
December 06, 2019
“Developing countries are not responsible for climate change,” Brazil Environment Minister Ricardo Salles said in an interview in Madrid. “Responsible is mainly the rich world that engaged in industrial activity for a very long time.”
News
December 06, 2019
A subsidiary of Rosneft has taken over some contract discussions with local service providers in Venezuela, stepping in for PDVSA on joint projects with the state-owned oil company, according to people familiar with the matter.
News
December 06, 2019
“The situation Houston faces today is eerily similar to what it faced after the 1980s bust -- an oversaturated real estate market, a bleak outlook for oil and gas, and the need for innovation to drive the economy forward,” the Greater Houston Partnership said in a report Thursday.
News
December 06, 2019
Petrofac is weighing a sale of its Malaysian assets for about $300 million, according to people with knowledge of the matter.
News
December 05, 2019
The demand slowdown has pushed LNG prices in Asia lower by almost 40% this year, a slump also aided by China’s rising domestic output of the fuel.
News
December 05, 2019
Oil held its biggest surge in more than two months as OPEC ministers gather in Vienna do discuss output cuts.
News
December 05, 2019
Petrobras plans to pay its shareholders $34 billion in dividends over the next five years as it cuts debt and sells assets to shore up its finances, CEO Roberto Castello Branco said.
News
December 05, 2019
Saudi Oil Minister Prince Abdulaziz bin Salman, in Vienna for his first meeting since taking the top job, is willing to raise production slightly if other countries keep failing to meet their existing output target, according to OPEC delegates.
News
December 04, 2019
Chesapeake Energy’s move to tame its $10 billion debt load solves immediate concerns about the company’s viability, but fundamental issues threatening the company’s long-term outlook remain.
News
December 04, 2019
Oil rose as the U.S. and China moved closer to a trade deal and before the OPEC+ alliance meets later this week to consider extending its output-cut policy.
News
December 04, 2019
Motive Offshore Group has completed the acquisition of Stavanger-based Pumptech for a seven-figure sum, reflecting a growth strategy that follows a private equity investment earlier this year.
News
December 04, 2019
OPEC and its allies sent mixed signals about whether they were considering deeper production cuts, fanning oil-market speculation before crucial talks in Vienna this week.
News
December 03, 2019
Oil rose for a second day as investors focused on the upcoming OPEC+ meeting that could lead to deeper supply cuts by some of the world’s biggest crude producers.
News
December 03, 2019
Permian basin frac crews, who are brought in to complete the final stage for creating a new oil well, have dropped 21% so far this year. For all of 2018, frac crews in the West Texas and New Mexico oil fields expanded by 1.3%.
News
December 03, 2019
Capital spending in Canada’s oil-sands reserves look set to continue to dwindle as pipeline bottlenecks persist and the Alberta government’s production limits remain in place.
News
December 02, 2019
Apache Corp. tumbled after the company’s update on a closely watched exploratory oil well off the coast of Suriname offered little indication as to whether it will be commercially viable.
News
December 02, 2019
At current oil prices, “what you cannot do is harvest cash and grow,” said Raoul LeBlanc, a Houston-based analyst at IHS Markit. “There’s an inflection point coming here because production growth is going to slow down massively.”
News
December 02, 2019
The multi-million pound contract is for the provision of drilling operations and maintenance services on CNRI’s Ninian South, Ninian Central and Tiffany platforms.
News
December 02, 2019
Natural gas prices capped their biggest November drop since 2001 as forecasts showed no sign of the teeth-chattering U.S. cold needed to boost demand for the heating fuel.
News
December 02, 2019
Colombia is seeking an additional payout of almost $1 billion from its oil company Ecopetrol S.A. as it faces increased spending pressure amid massive anti-government demonstrations.
News
December 02, 2019
Carl Icahn advanced his effort to replace Occidental Petroleum’s entire board by submitting nominations for as many as 14 directors, according to people familiar with the matter.
