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The United States 'abruptly' demanded that the Chinese Consulate-General in Houston cease all operations and events. On July 21, the United States “abruptly” demanded that the Chinese Consulate-General in Houston cease all operations and events, the Chinese embassy in the U.S. has confirmed. “China strongly condemns and firmly opposes such an outrageous and unjustified move …
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Chevron Corporation CVX has reached an agreement to acquire Noble Energy NBL in an all-stock deal worth $5 billion. The U.S. supermajor agreed to pay $10.38 per share of Noble, was accounting for a 7.6% premium to the latter's last closing price prior to the deal's announcement. The takeover, which is one of the largest energy …
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Oil was stuck near $42 a barrel in New York with a weaker dollar lending support as investors took stock of a surprise gain in American crude stockpiles and renewed tensions between Beijing and Washington. (Bloomberg) -- Oil was stuck near $42 a barrel in New York with a weaker dollar lending support as investors …
The next meeting of the OPEC+ technical committee to assess compliance with the group's final month of production cuts will be held by phone. (Bloomberg) -- The next meeting of the OPEC+ technical committee to assess compliance with the group’s final month of production cuts will be held by phone, after the World Health Organization declared the …
Oil resumed declines after President Donald Trump said the U.S. would restrict travel from Europe for the next 30 days. (Bloomberg) -- Oil resumed declines after President Donald Trump said the U.S. would restrict travel from Europe for the next 30 days to try and contain the coronavirus, pummeling fuel demand even further. Futures in London …
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Oil prices could fall into the low $20s for the global market to rebalance, as Rystad Energy expects an increase in global supplies in the next three months. OPEC+ countries are locked and loaded to add between 1.5 million and 2.5 million barrels per day (bpd), which Rystad estimates is their realistic short-term capability. Illustration. …
The total capital and operational expenditure of exploration and production companies (E&Ps) is now likely to be cut by $100 billion in 2020 and another $150 billion in 2021 if oil prices remain at a $30 level, a Rystad Energy impact analysis revealed – a development that will heavily impact service company revenues, driving some …
The U.S. Department of Energy is suspending its recently announced sale of crude oil from the strategic petroleum reserve. The U.S. Department of Energy (DOE) is suspending its recently announced sale of crude oil from the strategic petroleum reserve (SPR) “in light of the recent fluctuations in global oil markets”, DOE spokesperson Jess Szymanski …
BW Energy has produced first oil from the DTM-4H Gamba well drilled as part of Tortue Phase 2 development project in the Dussafu Marin Permit offshore Gabon. BW Adolo FPSO; Source: BW Offshore There are five oil fields within the Dussafu Permit: Moubenga, Walt Whitman, Ruche, Ruche North East, and Tortue. BW sanctioned the second phase of …
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One Equinor worker and one Shell worker have tested positive for the coronavirus. One Equinor worker and one Shell worker have tested positive for the coronavirus. The Equinor employee is at the Martin Linge field in the North Sea. The person is not seriously ill, Equinor has confirmed. “Equinor is in dialogue with the Norwegian …
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