While plunging output in Venezuela captures the oil world’s attention, problems are quietly festering in another OPEC nation.
Angola, once Africa’s biggest crude producer, is suffering sharp declines at und […]
The state of Louisiana will receive $82 million in Gulf of Mexico offshore revenue in the next few months under the Gulf of Mexico Energy Security Act, representing the first large payment under the revenue […]
I was unaware that individual states had rev share with drillers/overall activity. This may be worth adding to the question you (Rita) asked a while back about where the money goes for land auctions. Also interesting that there is a cap at $176 million that Louisiana and coastal parishes could receive under GOMESA. Politics.
Chevron saw its stock price jump as it reported first-quarter earnings that easily topped expectations, fueled by rising oil and natural gas production and higher commodity prices.
Shares of Chevron were up […]
Norway’s sovereign wealth fund has reported first-quarter losses on its investments, citing falling stock markets.
The fund’s return was minus 1.5 percent, lagging the positive return of 3.5 percent at the end […]
Oil giant Royal Dutch Shell posted a 42 percent rise in profits in the first quarter of 2018, underpinned by a recent uptick in oil and gas prices.
Net income attributable to shareholders on a current cost of s […]
The oil and gas sector has long suffered a negative reputation — traditional extraction and production methods have contributed heavily to Canada’s carbon footprint through the emission of methane gas and oth […]
The much-anticipated international listing of Saudi Aramco — the world’s largest oil company — is likely to be delayed until 2019, but that decision makes sense given that oil prices are expected to head to $8 […]
Saudi Arabia is known for many things, but theme parks aren’t one of them. Now, as part of the conservative Islamic kingdom’s drive to diversify its economy away from oil, the government has unveiled plan […]
A Texas oil and gas regulator says the industry can’t hire enough workers largely because of public perception.
Railroad Commissioner Wayne Christian spoke at state house hearing on Wednesday.
“The biggest thr […]
Oil prices rose to their highest level since late 2014 after government data showed U.S. crude stockpiles fell last week and as the market continued to worry about supply disruptions in key fossil […]
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Oilconvo News wrote a new post, OPEC Cuts May Go Deeper as Another Member Sees Output Slump 6 years ago
While plunging output in Venezuela captures the oil world’s attention, problems are quietly festering in another OPEC nation.
Angola, once Africa’s biggest crude producer, is suffering sharp declines at und […]
Oilconvo News wrote a new post, Crude Holds Near $68 as Questions Swirl Around Iran Nuclear Deal 6 years ago
Crude held the $68-a-barrel level as a geopolitical risk premium in the market limited losses.
Futures in New York fluctuated between gains and losses on Friday, poised for a 0.7 percent decline this week. […]
phillipurich wrote a new post, Oil and gas drilling expected to increase slightly this year in Western Canada | CBC News 6 years ago
Despite a slight rise, the Petroleum Services Association of Canada has reduced its earlier forecast for the number of wells that will be drilled.
Read Full Article Here: […]
RittaFarr wrote a new post, Louisiana to receive $82 million in Gulf offshore oil and gas revenue sharing 6 years ago
The state of Louisiana will receive $82 million in Gulf of Mexico offshore revenue in the next few months under the Gulf of Mexico Energy Security Act, representing the first large payment under the revenue […]
I was unaware that individual states had rev share with drillers/overall activity. This may be worth adding to the question you (Rita) asked a while back about where the money goes for land auctions. Also interesting that there is a cap at $176 million that Louisiana and coastal parishes could receive under GOMESA. Politics.
PatrickO'Brian wrote a new post, Exxon Mobil shares fall 3.5% on earnings miss fueled by weak refining and chemicals profits 6 years ago
Exxon Mobil on Friday reported earnings of .09 per share, compared with .12 forecast by Thomson Reuters.
Exxon Mobil on Friday reported its quarterly profit increased from a year ago, but fell short of […]
PatrickO'Brian wrote a new post, Chevron shares rise after big earnings beat on strong oil and gas production profits 6 years ago
Chevron saw its stock price jump as it reported first-quarter earnings that easily topped expectations, fueled by rising oil and natural gas production and higher commodity prices.
Shares of Chevron were up […]
Oilconvo News wrote a new post, Norway’s $1 trillion sovereign wealth fund suffers first-quarter losses 6 years ago
Norway’s sovereign wealth fund has reported first-quarter losses on its investments, citing falling stock markets.
The fund’s return was minus 1.5 percent, lagging the positive return of 3.5 percent at the end […]
Does anyone know if this 1.5% loss is due to the diversification away from oil and gas, or has the actual divestment not taken place yet?
RittaFarr wrote a new post, Hess’ Biggs: Bakken Key To US Production Growth 6 years ago
At DUG Rockies, Hess Corp.’s vice president of onshore, Barry Biggs, told the audience the Bakken is a key driver of U.S. production growth.
Read Full Article Here: h […]
PatrickO'Brian wrote a new post, Shell earnings surge as oil prices rebound 6 years ago
Oil giant Royal Dutch Shell posted a 42 percent rise in profits in the first quarter of 2018, underpinned by a recent uptick in oil and gas prices.
Net income attributable to shareholders on a current cost of s […]
PatrickO'Brian wrote a new post, Four ways technology is making the oil and gas industry greener 6 years ago
The oil and gas sector has long suffered a negative reputation — traditional extraction and production methods have contributed heavily to Canada’s carbon footprint through the emission of methane gas and oth […]
Oilconvo News wrote a new post, Oil is on a steady and sustainable uptrend 6 years ago
The NYMEX oil price breakout above $66 comes as no surprise to traders who analyze the price charts.
This price behavior sets the next price target near $76 and potentially higher. Readers will r […]
Oilconvo News wrote a new post, Saudi Aramco's international IPO delay makes sense as oil rallies, investor says 6 years ago
The much-anticipated international listing of Saudi Aramco — the world’s largest oil company — is likely to be delayed until 2019, but that decision makes sense given that oil prices are expected to head to $8 […]
RittaFarr wrote a new post, Saudi Arabia is aiming to launch its own rival to Disney parks, officials say 6 years ago
Saudi Arabia is known for many things, but theme parks aren’t one of them. Now, as part of the conservative Islamic kingdom’s drive to diversify its economy away from oil, the government has unveiled plan […]
RittaFarr wrote a new post, Texas Oil And Gas Is Facing A Worker Shortage from Houston Public Media 6 years ago
A Texas oil and gas regulator says the industry can’t hire enough workers largely because of public perception.
Railroad Commissioner Wayne Christian spoke at state house hearing on Wednesday.
“The biggest thr […]
PatrickO'Brian wrote a new post, Oil soars 2.9% to 3-year high, settling at $68.47, as US crude stockpiles drop 6 years, 1 month ago
Oil prices rose to their highest level since late 2014 after government data showed U.S. crude stockpiles fell last week and as the market continued to worry about supply disruptions in key fossil […]