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RittaFarr posted an update 6 years, 8 months ago
https://www.axios.com/big-oil-making-billions-e4ee3e7c-84fa-4c32-beee-e3de84b55486.html
Big Oil is back to making billionsSome companies are seeing the best earnings they've had in years.
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ED posted an update 6 years, 8 months ago
Texas City Hosts First Supertanker as U.S. Crude Gushes OutA 2 million barrel-carrying supertanker arrived for the first time at a jetty in Texas City as surging U.S. oil output drives up incentives to export.
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Oilconvo News wrote a new post, OPEC Cuts May Go Deeper as Another Member Sees Output Slump 6 years, 8 months 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 […]
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Oilconvo News wrote a new post, Crude Holds Near $68 as Questions Swirl Around Iran Nuclear Deal 6 years, 8 months 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. […]
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phillipurich wrote a new post, Oil and gas drilling expected to increase slightly this year in Western Canada | CBC News 6 years, 8 months 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: […]
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RittaFarr wrote a new post, Louisiana to receive $82 million in Gulf offshore oil and gas revenue sharing 6 years, 8 months 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 […]
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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.
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PatrickO'Brian wrote a new post, Exxon Mobil shares fall 3.5% on earnings miss fueled by weak refining and chemicals profits 6 years, 8 months 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 […]
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PatrickO'Brian wrote a new post, Chevron shares rise after big earnings beat on strong oil and gas production profits 6 years, 8 months 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 […]
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Oilconvo News wrote a new post, Norway’s $1 trillion sovereign wealth fund suffers first-quarter losses 6 years, 8 months 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 […]
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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?
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RittaFarr wrote a new post, Hess’ Biggs: Bakken Key To US Production Growth 6 years, 8 months 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 […]
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PatrickO'Brian wrote a new post, Shell earnings surge as oil prices rebound 6 years, 8 months 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 […]
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PatrickO'Brian wrote a new post, Four ways technology is making the oil and gas industry greener 6 years, 8 months 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 […]
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PatrickO'Brian posted an update 6 years, 8 months ago
A trend of first-quarter earnings? Let’s hope so.
https://www.cnbc.com/2018/04/23/halliburton-revenue-jumps-34-percent.html
Halliburton revenue jumps 34%Halliburton reported a 34 percent jump in first-quarter revenue on Monday as rising oil prices prompted North American companies to boost oil and gas production.
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Oilconvo News wrote a new post, Oil is on a steady and sustainable uptrend 6 years, 8 months 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 […]
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Oilconvo News wrote a new post, Saudi Aramco's international IPO delay makes sense as oil rallies, investor says 6 years, 8 months 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 […]
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RittaFarr wrote a new post, Saudi Arabia is aiming to launch its own rival to Disney parks, officials say 6 years, 8 months 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 […]
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RittaFarr posted an update 6 years, 8 months ago
Trump's revenge: U.S. oil floods Europe, hurting OPEC and RussiaAs OPEC's efforts to balance the oil market bear fruit, U.S. producers are reaping the benefits - and flooding Europe with a record amount of crude.
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ED posted an update 6 years, 8 months ago
How much of the daily changes are actually worth reporting on? Feels like in a world of constant news, even micro changes get spectacularized into major headlines.
Oil dips as rising U.S. yields steer bullsOil prices were little changed at around $74 a barrel on Monday on rising U.S. borrowing costs and the prospect of further output rises after another increase in the weekly rig count, although the overall picture for crude remained bullish.
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Tom Kirkman posted an update 6 years, 8 months ago
I highly recommend reading this essay.
Well worth taking the time to read, if you are involved in international oil & gas.
Kudos to the author.
https://www.thecairoreview.com/essays/russias-new-energy-gamble/
Russia’s New Energy GambleRussia aims to position itself as a leader among energy-producing equals in Eurasia. Since 2015, Russia has sought to play a more active role in the Middle East, setting its sights on the region’s energy resources to achieve this strategic goal.
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Here’s a link to the map which is discussed.
“In October 2017, Rosneft Chief Executive Officer Igor Sechin took the unusual step of presenting a geopolitical report on the “ideals of Eurasian integration” to an audience in…[Read more]
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PatrickO'Brian posted an update 6 years, 8 months ago
I completely agree – this is premature – But didn’t realize that the Permian was down to an estimated $40 breakeven cost…
The Permian Oil And Natural Gas "Growth Wall" Is Short-SightedThe Permian oil and gas production boom confronts pipeline issues, but make no mistake: the future remains very bright.
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