U.S. oil major ConocoPhillips (NYSE: COP) has seized products belonging to Venezuelan state oil company PDVSA from the Isla refinery it runs on Curacao, an island official told Reuters on May 13.
My computer graphics on people and natural resources.
Buoyancy has returned to the oil and gas industry as prices stabilize in the $50 to $70 range. Capital spending is rebounding and new upstream projects […]
President Donald Trump’s withdrawal from the Iran nuclear deal is likely to exacerbate tensions between two of the world’s biggest oil producers at next month’s OPEC meeting, one analyst told CNBC Wednesd […]
A new, massive oil discovery in Bahrain could help the island kingdom dramatically improve its economic and fiscal strength, according to analysts at Moody’s credit ratings agency.
In early April, Bahrain’s Oil […]
Oil prices fell in volatile trade on Tuesday as President Donald Trump prepared to announce his intention to restore sanctions on Iran, a move that effectively withdraws the United States from the 2015 […]
Supply concerns surrounding the possible reinstatement of sanctions on Iran aren’t the only reason for the climb in U.S. benchmark oil prices above a barrel to their highest levels since late 2 […]
In recent years amid low commodity prices, oil and gas companies have had to reduce their headcount to lower costs, while continuing to build their talent pipeline for future success. As a result, the […]
There are over a million oil and gas wells in the United States. There are also several hundred thousand miles of pipelines. Digitization is on the rise in the notoriously conservative oil and gas i […]
Competition for oil companies does not solely come from overseas anymore; the fiercest opponents are across the street, or maybe even in the same building.
Higher oil prices won’t change the pace of Saudi Arabia’s reforms, the country’s finance minister told CNBC Wednesday.
“Higher oil prices will only help reduce the deficit and build reserves, we will continu […]
I feel like the projected budget of 52 billion should be prefaced with ONLY 52 billion. With the US gov. seeing a projected Trillion dollar deficit this seems reasonable given the downturn.
OPEC and Russia seem determined to keep on cutting production even after their campaign to rebalance world oil markets achieved its main target. The primary justification for doing so looks shaky.
Shutting down oil and gas operations in the North Sea is likely to cost double the government’s current target, leaving younger generations with a hefty tax bill. An analysis of current government figures s […]
Pierre Andurand, a leading oil fund manager, said that lack of investment in new production could lead to a situation where $300 per barrel oil is “not impossible” within the next few years, Bloomberg […]
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RittaFarr wrote a new post, The 130-Year-Old Bankruptcy That Created a $5 Billion Oil Giant 5 years, 11 months ago
The hottest oil stock from the U.S. shale boom has never pumped a single barrel of crude.
Texas Pacific Land Trust, a listed land bank created out of a railroad bankruptcy more than a century ago, has […]
Oilconvo News wrote a new post, Conoco Seizes Venezuela PDVSA Products From Isla Refinery 5 years, 11 months ago
U.S. oil major ConocoPhillips (NYSE: COP) has seized products belonging to Venezuelan state oil company PDVSA from the Isla refinery it runs on Curacao, an island official told Reuters on May 13.
Conoco has won […]
PatrickO'Brian wrote a new post, How Oil And Gas Companies Can Thrive In A Shallower Profit Pool 5 years, 11 months ago
My computer graphics on people and natural resources.
Buoyancy has returned to the oil and gas industry as prices stabilize in the $50 to $70 range. Capital spending is rebounding and new upstream projects […]
Oilconvo News wrote a new post, Bullish investors have a lock on the oil market, putting $100 a barrel in play, market veteran says 5 years, 11 months ago
Oil expert Tom Kloza’s bearish days are behind him.
Kloza, who’s known for calling the 2015 crude collapse, isn’t ruling out triple digit a barrel oil this year.
“Anything that’s between $70 and $100 […]
PatrickO'Brian wrote a new post, Saudi Arabia should expect Iran to 'play hardball' at OPEC's next meeting 5 years, 12 months ago
President Donald Trump’s withdrawal from the Iran nuclear deal is likely to exacerbate tensions between two of the world’s biggest oil producers at next month’s OPEC meeting, one analyst told CNBC Wednesd […]
RittaFarr wrote a new post, Bahrain is betting on 80 billion barrels of oil to help clear its budget deficit 5 years, 12 months ago
A new, massive oil discovery in Bahrain could help the island kingdom dramatically improve its economic and fiscal strength, according to analysts at Moody’s credit ratings agency.
In early April, Bahrain’s Oil […]
Oilconvo News wrote a new post, Oil prices fall in volatile trade as Trump is expected to scrap Iran nuclear deal 6 years ago
Oil prices fell in volatile trade on Tuesday as President Donald Trump prepared to announce his intention to restore sanctions on Iran, a move that effectively withdraws the United States from the 2015 […]
Oilconvo News wrote a new post, Oil prices have surged above $70—here are 4 key reasons behind the rally 6 years ago
Supply concerns surrounding the possible reinstatement of sanctions on Iran aren’t the only reason for the climb in U.S. benchmark oil prices above a barrel to their highest levels since late 2 […]
Oilconvo News wrote a new post, Managing millennials in the oil and gas industry 6 years ago
In recent years amid low commodity prices, oil and gas companies have had to reduce their headcount to lower costs, while continuing to build their talent pipeline for future success. As a result, the […]
PatrickO'Brian wrote a new post, Cybercriminals are exposing oil and gas — but the industry is turning a blind eye 6 years ago
There are over a million oil and gas wells in the United States. There are also several hundred thousand miles of pipelines. Digitization is on the rise in the notoriously conservative oil and gas i […]
PatrickO'Brian wrote a new post, It’s Houston vs. Houston, as offshore drillers compete with onshore shale oil 6 years ago
Competition for oil companies does not solely come from overseas anymore; the fiercest opponents are across the street, or maybe even in the same building.
Executives and engineers responsible for […]
Oilconvo News wrote a new post, Saudi Arabia says higher oil prices won't change the pace of its reforms 6 years ago
Higher oil prices won’t change the pace of Saudi Arabia’s reforms, the country’s finance minister told CNBC Wednesday.
“Higher oil prices will only help reduce the deficit and build reserves, we will continu […]
I feel like the projected budget of 52 billion should be prefaced with ONLY 52 billion. With the US gov. seeing a projected Trillion dollar deficit this seems reasonable given the downturn.
Oilconvo News wrote a new post, Not Everyone Gets Why OPEC Is Determined to Stick With Cuts 6 years ago
OPEC and Russia seem determined to keep on cutting production even after their campaign to rebalance world oil markets achieved its main target. The primary justification for doing so looks shaky.
Read Full […]
phillipurich wrote a new post, UK children will have to pay £3,000 each to shut down North Sea oil and gas operations 6 years ago
Shutting down oil and gas operations in the North Sea is likely to cost double the government’s current target, leaving younger generations with a hefty tax bill. An analysis of current government figures s […]
Oilconvo News wrote a new post, Fund manager: $300 oil is 'not impossible' within a few years 6 years ago
Pierre Andurand, a leading oil fund manager, said that lack of investment in new production could lead to a situation where $300 per barrel oil is “not impossible” within the next few years, Bloomberg […]